SalesFoodBeverageTotal SalesCost of SalesFoodBeverageTotal cost of goods soldGross ProfitControllable ExpensesSalaries & WagesOccupancyOffice & GeneralUtilitiesTransportationKitchen suppliesProfessional feesAdvertisingGuest Hotel Inc.Income Statementfor the period ending June 30, 2021VehicleTotal ControllableExpensesNet Profit/ Loss179,17879,88277,07426,752100.57827,12311,3649.1445.9088,0357,0007,788Social Media Expenses 10.7504,907

Income statement is the financial statement prepared by the entity for the purpose of determining…

Sales Food Beverage Total Sales Cost of Sales Food Guest Hotel Inc. Income Statement for the period ending June 30, 2021 Beverage Total cost of goods sold Gross Profit Controllable Expenses Salaries & Wages Occupancy Office & General Utilities Transportation Kitchen supplies Professional fees Advertising 179,178 79,882 77,074 26,752 100.578 27,123 11,364 9.144 5,908 8,035 7,000 7,788 Social Media Expenses 10.750 Vehicle 4,907 Total Controllable Expenses Net Profit/Loss

Sales Food Beverage Total Sales Cost of Sales Food Guest Hotel Inc. Income Statement for the period ending June 30, 2021 Beverage Total cost of goods sold Gross Profit Controllable Expenses Salaries & Wages Occupancy Office & General Utilities Transportation Kitchen supplies Professional fees Advertising 179,178 79,882 77,074 26,752 100.578 27,123 11,364 9.144 5,908 8,035 7,000 7,788 Social Media Expenses 10.750 Vehicle 4,907 Total Controllable Expenses Net Profit/Loss

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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