Prepare a food department income statement in proper format for the Mid- lands Restaurant from the...
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Prepare a food department income statement in proper format for the Mid- lands Restaurant from the following information for the first quarter ended on March 31, year 0004 (other income was received from leasing excess equipment for one month and was not a part of normal operations): Sales Revenue: Grill room Coffee garden Banquets Net food costs Salaries and wages expense Employee meals expense Supplies expense Glass and tableware expense Laundry and linen expense License expense Printing expense Miscellaneous expense Other income $153,100 78,900 298,400 211,700 174,400 17,200 10,300 4,300 13,000 1,900 4,900 6,200 600 Prepare a food department income statement in proper format for the Mid- lands Restaurant from the following information for the first quarter ended on March 31, year 0004 (other income was received from leasing excess equipment for one month and was not a part of normal operations): Sales Revenue: Grill room Coffee garden Banquets Net food costs Salaries and wages expense Employee meals expense Supplies expense Glass and tableware expense Laundry and linen expense License expense Printing expense Miscellaneous expense Other income $153,100 78,900 298,400 211,700 174,400 17,200 10,300 4,300 13,000 1,900 4,900 6,200 600
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Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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