Kelley and wright attorneys have the following budgeted, Accounting Basics

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Kelley and wright attorneys have the following budgeted

Kelley and Wright, Attorneys, have the following budgeted items for the month of May: Fringe benefits $9,200 Depreciation-equipment 5,000 Utilities 2,000 Professional salaries (from budget) 20,000 Travel 2,400 Revenues (from budget) 68,000 Lease expense 6,700 Secretarial support 5,600 Professional dues and subscriptions 3,800 Prepare a budgeted income statement for the month of May.

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Accounting Basics: Kelley and wright attorneys have the following budgeted

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