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john sullivan File Home Insert Draw Page Layout Formulas Data Review View Help power pivot P Tell me what you want to d Share Cut Corditional Format as Cell Insert Drletr Fomat Fomat PaintcrBIU-B | clear. Sort & Find Filler Selecl emalLingTable Styles Aignmart Edrng JiIncome Statement for three months fended on Aupust 31, 2018) During the summer between her junior and senior year, Tiffany decided to open a catering service business. She started business on June 1. She rented a small kitchen space and purchased a stove supplies, and food. To acquire these items, she invested some of her own money and she borrowed from the bank by signing a note payable promising to pay interest every three months with the first interest payment due August 31. The principal would be due the following August. At the end of the 3 months she had no supplies or food left over 6,800.00 5,000.00 1,000.00 9,000.00 (250.00 350.00 950.00 250.00 2,400.00 (3,400.00 4,000.00 54,200.00 Check toxl Check used store Check repairs to stm Check workers' wages Check interest on loan 10 13 Check rent Check-ntilitirs 15 caternmg A review of the checkbook showed the following: Bank deposits of collections from customers totaled $79,000 The following checks had been written: disposable plates and utensils, $4,200; food, $6,800; buying a used stove $5,000, repairs to her stove, $1000; workers' wages, $9,000; interest on the loan, $250; phone bill, $350; rent, $950; utilities, $250 Notebook: plates and ureusils credit card charges tebk ste use Net Income A notebook kept in the kitchen reflected the following: Customers still owed her $2,400 for catering services already rendered and she owed $3,400 for disposable plates and utensils (credit card charges). In addition, Tiffany estimated that she used up one fifth of the stove during the three months ended August 31, 2018. 25 27 Instructions |Part 1 Part 2 Part 3 O Type here to search 137 PM 1/13/2019