Urban Bistro had the following revenue and expenses for the year ended December 31, 2021. Revenue-Food $556,600
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Question:
Urban Bistro had the following revenue and expenses for the year ended December 31, 2021.
Revenue-Food | $556,600 |
Revenue-Beverages | $368,000 |
Cost of Sales-Food | $161,414 |
Cost of Sales-Beverages | $125,120 |
Depreciation Expense | $61,300 |
Insurance Expense | $20,900 |
Maintenance Expense | $13,300 |
Rent Expense | $134,700 |
Salaries & Wages Expense-Kitchen | $134,800 |
Salaries & Wages Expense-Servers | $58,700 |
Salaries & Wages Expense-Management | $78,000 |
Supplies Expense | $8,000 |
Utilities Expense | $48,500 |
Prepare a statement of income under USAR for Urban Bistro to determine operating income.
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
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