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Rowen Company pays 80% of its expenses in the month incurred. Rowen's controller has developed the ...

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Rowen Company pays 80% of its expenses in the month incurred. Rowen's controller has developed the ...

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

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

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Thanks for your help!!

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