Situation: Eliza Fitzgerald is an excellent food manager but needs your assistance in preparing the food department schedule according to the USALI for 2020. Note: The food department has more individual accounts that should be shown on this schedule. Revenue information: Outlet food revenue EUR 850,000 Meeting room rentals EUR 12,000 Allowances EUR 2,000 Service charges EUR 45,000 Expense information: Food purchases EUR 300,000 Transfer from beverage department EUR 500 Complimentary food- marketing EUR 1,000 Transfer to beverage department EUR 300 Training EUR 2,000 Uniforms EUR 5,400 Other employee benefits EUR 10,000 Salaries and Wages EUR 270,000 Utensils EUR 1,200 Operating supplies EUR 20,500 Licenses EUR 1,500 Linen EUR 5,400 Miscellaneous EUR 3,200 In addition, the beginning food inventory totaled EUR 16,000 while the ending inventory totaled EUR 17,000 Required: Prepare the food department schedule in accordance with the USALI. Use the table provided. USALI- Uniform System of Accounts
Situation: Eliza Fitzgerald is an excellent food manager but needs your assistance in preparing the food department schedule according to the USALI for 2020. Note: The food department has more individual accounts that should be shown on this schedule.
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Revenue information: |
|
|
Outlet food revenue |
EUR 850,000 |
|
Meeting room rentals |
EUR 12,000 |
|
Allowances |
EUR 2,000 |
|
Service charges |
EUR 45,000 |
|
Expense information: |
|
|
Food purchases |
EUR 300,000 |
|
Transfer from beverage department |
EUR 500 |
|
Complimentary food- marketing |
EUR 1,000 |
|
Transfer to beverage department |
EUR 300 |
|
Training |
EUR 2,000 |
|
Uniforms |
EUR 5,400 |
|
Other employee benefits |
EUR 10,000 |
|
Salaries and Wages |
EUR 270,000 |
|
Utensils |
EUR 1,200 |
|
Operating supplies |
EUR 20,500 |
|
Licenses |
EUR 1,500 |
|
Linen |
EUR 5,400 |
|
Miscellaneous |
EUR 3,200 |
In addition, the beginning food inventory totaled EUR 16,000 while the ending inventory totaled EUR 17,000
Required: Prepare the food department schedule in accordance with the USALI. Use the table provided.
USALI- Uniform System of Accounts
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