The Wilson Motel has two major operated departments: rooms and food. The following information is supplied to you as of December 31, 20X6. Account balance $ Аccount Insurance (fire) Rooms department - salaries and wages Food department - salaries and wages Supplies - food department Food purchases 5,000 80,000 60,000 20,000 55,000 Room sales 380,000 Interest income 1,000 Interest expense Cost of food sold ? Food sales 180,000 A & G - wages Advertising 50,000 10,000 Maintenance - contract 20,000 Depreciation 50,000 Нeat 15,000 Information & telecom. Systems - contract Power and lights 10,000 12,000 Franchise fee 30,000 Supplies and other - rooms department Property taxes A & G - other expense 30,000 12,000 10,000
The Wilson Motel has two major operated departments: rooms and food. The following information is supplied to you as of December 31, 20X6. Account balance $ Аccount Insurance (fire) Rooms department - salaries and wages Food department - salaries and wages Supplies - food department Food purchases 5,000 80,000 60,000 20,000 55,000 Room sales 380,000 Interest income 1,000 Interest expense Cost of food sold ? Food sales 180,000 A & G - wages Advertising 50,000 10,000 Maintenance - contract 20,000 Depreciation 50,000 Нeat 15,000 Information & telecom. Systems - contract Power and lights 10,000 12,000 Franchise fee 30,000 Supplies and other - rooms department Property taxes A & G - other expense 30,000 12,000 10,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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