Question: Good afternoon Can you please help me solve this problem? Thank you. As the restaurant of Paradise Restaurant in addition to the above information you
Good afternoon
Can you please help me solve this problem? Thank you.
- As the restaurant of Paradise Restaurant in addition to the above information you are informed that the cash sales percentage is 75 for food and 75 for beverage, Ninety percent of the $25,550 credit sales in Paradise Restaurant's January accounts receivable were collected. Twenty-five percent of the January cost of food and 95 percent of the cost of beverages were paid in cash. 100 percent of all operating expenses were paid in cash, and 80 percent of accounts payable for January's $15,500 F&B purchases were paid in February. Solve
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