Preparing a budgeted income statement
Fiorella and Sanchez, physicians, budgeted for the following revenues and expenses for September:
|
Depreciation - equipment
|
$1,850
|
|
Fringe benefits
|
3,300
|
|
Lease expense
|
2,500
|
|
Nursing wages
|
4,500
|
|
Physicians' salaries
|
28,000
|
|
Patient revenue
|
58,500
|
|
Secretarial support
|
2,200
|
|
Utilities
|
650
|
Prepare a budgeted income statement for the month ending September 30, 2013.