Rowen Company pays 80% of its expenses in the month incurred. ...

[dongbo]

Question 1

Alexa Industries has the following amounts budgeted for selling and administrative expenses for February:

Advertising	$78,600
Rent	56,200
Office equipment depreciation	14,800
Bad debts	6,400
Supplies	13,200

What amount will Alexa report on its February pro-forma income statement for selling and administrative expenses?
◦ $169,200
◦ $154,400
◦ $156,000
◦ $148,000

Question 2

Rowen Company pays 80% of its expenses in the month incurred. Rowen's controller has developed the following budgeted amounts budgeted for selling and administrative expenses for July:

Advertising	$16,600
Receptionist salary	15,300
Office equipment depreciation	8,600
Bad debts	7,400
Supplies	12,000

What amount will Rowen report on its July pro-forma income statement for selling and administrative expenses?
◦ $59,900
◦ $43,900
◦ $47,920
◦ $35,120

[Preeti]

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[dongbo]

TYSM

[kishoreddi]

Thanks for the timely response, appreciate it