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PART B Use your findings for Food and Beverage Department of the Tourism Hotel from Part A, and the following Income Statement information below to prepare an Income Statement for the Tourism Hotel for the year ended December 31, 2017.     Rooms Department​​​​          420,000 Telephone (loss)​​​​           (10,000) Rentals​​​​​​            22,000 Other Operated Departments​​​​30,000 Administrative and General​​​​35,000 Property Operations and Maintenance​​90,000 Marketing​​​​​​55,000 Energy​ Costs​​​​​​40,000 Human Resources Department​​​30,000 Property Taxes​​​​​20,000 Insurance​​​​​​  5,500 Interest​​​​​​​  7,500 Depreciation and Amortization​​​59,000

PART B Use your findings for Food and Beverage Department of the Tourism Hotel from Part A, and the following Income Statement information below to prepare an Income Statement for the Tourism Hotel for the year ended December 31, 2017.     Rooms Department​​​​          420,000 Telephone (loss)​​​​           (10,000) Rentals​​​​​​            22,000 Other Operated Departments​​​​30,000 Administrative and General​​​​35,000 Property Operations and Maintenance​​90,000 Marketing​​​​​​55,000 Energy​ Costs​​​​​​40,000 Human Resources Department​​​30,000 Property Taxes​​​​​20,000 Insurance​​​​​​  5,500 Interest​​​​​​​  7,500 Depreciation and Amortization​​​59,000

FINANCIAL ACCOUNTING
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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PART B

Use your findings for Food and Beverage Department of the Tourism Hotel from Part A, and the following Income Statement information below to prepare an Income Statement for the Tourism Hotel for the year ended December 31, 2017.

 

 

Rooms Department​​​​          420,000

Telephone (loss)​​​​           (10,000)

Rentals​​​​​​            22,000

Other Operated Departments​​​​30,000

Administrative and General​​​​35,000

Property Operations and Maintenance​​90,000

Marketing​​​​​​55,000

Energy​ Costs​​​​​​40,000

Human Resources Department​​​30,000

Property Taxes​​​​​20,000

Insurance​​​​​​  5,500

Interest​​​​​​​  7,500

Depreciation and Amortization​​​59,000

ul KKTCELL , 9:41 AM @ 79% Document Done Q Part A Statement for the Food and Beverage Department JAmount Particulars Food Sale 580000 195000 Beverage Sales Less: Cost of Food Used Exployees Meals Cost of Beverages used 152000 12000 264000 Gross Income 511000 Less: Salaris and Wages Employees Benefit China glassvare and Silver Kitchen Fuel Laundry Music and Entertainment Uniforms 196000 11300 S000 1500 3400 15000 1900 Other operating Expenses Licenses 4000 239350 271650 1250 Net Income PART B Use your findings for Food and Beverage Department of the Tourism Hotel from Part A, and the following Income Statement information below to prepare an Income Statement for the Tourism Hotel for the year ended December 31, 2017. Rooms Department 420,000 Telephone (loss) (10,000) Rentals 22,000 Other Operated Departments30,000 Administrative and General35,000 Property Operations and Maintenance90,000 Marketing55,000 Energy Costs40,000 Human Resources Department30,000 Property Taxes20,000 Insurance 5,500 Interest 7,500 Depreciation and Amortization59,000
Transcribed Image Text:ul KKTCELL , 9:41 AM @ 79% Document Done Q Part A Statement for the Food and Beverage Department JAmount Particulars Food Sale 580000 195000 Beverage Sales Less: Cost of Food Used Exployees Meals Cost of Beverages used 152000 12000 264000 Gross Income 511000 Less: Salaris and Wages Employees Benefit China glassvare and Silver Kitchen Fuel Laundry Music and Entertainment Uniforms 196000 11300 S000 1500 3400 15000 1900 Other operating Expenses Licenses 4000 239350 271650 1250 Net Income PART B Use your findings for Food and Beverage Department of the Tourism Hotel from Part A, and the following Income Statement information below to prepare an Income Statement for the Tourism Hotel for the year ended December 31, 2017. Rooms Department 420,000 Telephone (loss) (10,000) Rentals 22,000 Other Operated Departments30,000 Administrative and General35,000 Property Operations and Maintenance90,000 Marketing55,000 Energy Costs40,000 Human Resources Department30,000 Property Taxes20,000 Insurance 5,500 Interest 7,500 Depreciation and Amortization59,000
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