omplete an INCOME STATEMENT for Perez Pizza for the month ending January 31, 2020. They sold $15 100 in pizza slices (which cost them $8 000) and sold $37 000 worth of full pizza’s (which cost them $23 000). He had to pay $5 600 in wages, spent $2300 on a computer, paid $80 for his phone services and $700 for utilities. He also had to pay $1500 in interest expense on his bank loan.
omplete an INCOME STATEMENT for Perez Pizza for the month ending January 31, 2020. They sold $15 100 in pizza slices (which cost them $8 000) and sold $37 000 worth of full pizza’s (which cost them $23 000). He had to pay $5 600 in wages, spent $2300 on a computer, paid $80 for his phone services and $700 for utilities. He also had to pay $1500 in interest expense on his bank loan.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Complete an INCOME STATEMENT for Perez Pizza for the month ending January 31, 2020. They sold $15 100 in pizza slices (which cost them $8 000) and sold $37 000 worth of full pizza’s (which cost them $23 000). He had to pay $5 600 in wages, spent $2300 on a computer, paid $80 for his phone services and $700 for utilities. He also had to pay $1500 in interest expense on his bank loan.
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