Chapter 3—The Matching Concept and the Adjusting Process
Fees earned
Operating expenses: Wages expense Rent expense
Total operating expenses Net income
100,000 ÷ 100,000 = 100% 30,000 ÷ 100,000 = 30% 20,000 ÷ 100,000 = 20% 50,000 ÷ 100,000 = 50% 50,000 ÷ 100,000 = 50%
DIF: 3 OBJ: 05
Amount $100,000 $ 30,000 20,000 $ 50,000 $ 50,000 =======
Percent 100% 30% 20% 50% 50%
86