Do not give answer in image formate E3-8 (Algo) Preparing a Statement of Earnings LO3-4, 3-5Peter's Curling Inc. operates several curling centres for games and equipment sales. The following transactions occurred inOctober of the current year:a. Peter's collected $15,850 from customers for games played in October,b. Peter's sold curling equipment inventory for $10,850; received $6,900 in cash and the rest on account, the cost of salesis $6,700.c. Peter's received $4,900 from customers on account who purchased merchandise in September.d. The curling league gave Peter's a deposit of $5,400 for the upcoming fall season.e. Peter's paid $5,900 for the September electricity bill and received the October bill for $6,490, which will be paid inNovember.f Peter's paid $7,900 to employees for work in October.9. Peter's purchased and paid $2,370 in insurance for coverage from October 1 to December 31.h. Peter's paid $2,950 to plumbers for repairing a broken pipe in the washrooms.Required:Prepare a statement of earnings for Peter's Curling Inc. for the month of October of the current year. Use an income tax rate)of 30 percent Required:Prepare a statement of earnings for Peter's Curling Inc. for the month of October of the current year. Use an income tax raof 30 percent.RevenueUtilitiesPETER'S CURLING INC.Statement of EarningsFor the Month of October, Current YearOperating expenses:Earnings before income taxes00

Name: Do not give answer in image formate E3-8 (Algo) Preparing a Statement
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Do not give answer in image formate E3-8 (Algo) Preparing a Statement of Earnings LO3-4, 3-5Peter's Curling Inc. operates several curling centres for games and equipment sales. The following transactions occurred inOctober of the current year:a. Pete