Gross Sales: Less: Cost of Sales Gross Profit Less: Operating Expenses Packaging, Transpo & Electricity) Php 2,880.00 Php 1,476.00 Php 1,404.00 Php 594.00 Php 5,760.00 Php 2,952.00 Php 2,808.00 Php 1,188.00 Php 8,640.00 Php 4,428.00 Php 4,212.00 Php 1,782.00 Php 11,520.00 Php 5,904.00 Php 5,616.00 Php 2,376.00 Php 14,400.00 Php 7,380.00 Php 7,020.00 Php 2,970.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Narrative report of each daily (Day 1-Day 5) based it from the first photo, the product is banana ice cream
Gross Sales:
Less: Cost of
Sales
Gross Profit
Less:
Operating
Expenses
(Packaging,
Transpo &
Electricity)
Net Income
before Tax
Income Tax
Expenses (30%)
Net Income
after Tax
Day 1
Php 2,880.00
Php 1,476.00
Php 1,404.00
Php 594.00
Php 810.00
Php 243.00
Php 567.00
Day 2
Php 5,760.00
Php 2,952.00
Php 2,808.00
Php 1,188.00
Php 1,620.00
Php 486.00
Php 1,134.00
Day 3
Php 8,640.00
Php 4,428.00
Php 4,212.00
Php 1,782.00
Php 2,430.00
Php 729.00
Php 1,701.00
Day 5
Day 4
Php 11,520.00
Php 5,904.00
Php 14,400.00
Php 7,380.00
Php 5,616.00
Php 7,020.00
Php 2,376.00 Php 2,970.00
Php 3,240.00
Php 4,050.00
Php 972.00
Php 1,215.00
Php 2,268.00
Php 2,835.00
Transcribed Image Text:Gross Sales: Less: Cost of Sales Gross Profit Less: Operating Expenses (Packaging, Transpo & Electricity) Net Income before Tax Income Tax Expenses (30%) Net Income after Tax Day 1 Php 2,880.00 Php 1,476.00 Php 1,404.00 Php 594.00 Php 810.00 Php 243.00 Php 567.00 Day 2 Php 5,760.00 Php 2,952.00 Php 2,808.00 Php 1,188.00 Php 1,620.00 Php 486.00 Php 1,134.00 Day 3 Php 8,640.00 Php 4,428.00 Php 4,212.00 Php 1,782.00 Php 2,430.00 Php 729.00 Php 1,701.00 Day 5 Day 4 Php 11,520.00 Php 5,904.00 Php 14,400.00 Php 7,380.00 Php 5,616.00 Php 7,020.00 Php 2,376.00 Php 2,970.00 Php 3,240.00 Php 4,050.00 Php 972.00 Php 1,215.00 Php 2,268.00 Php 2,835.00
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