Question: Using Microsoft Excel, recreate the Johnson's General Store Profit and Loss Statement shown below. Add a column to the Profit and Loss Statement and calculate
Using Microsoft Excel, recreate the Johnson's General Store Profit and Loss Statement shown below. Add a column to the Profit and Loss Statement and calculate the percentage change from June 2017 to July 2017. When you are satisfied with the content and formatting or your worksheet, save the Microsoft Excel workbook and submit the file to the proper dropbox for grading. Johnson's General Store Profit and Loss Statement Sales Activities Gross Revenue June 2017 July 2017 $24,400 $26,545 $2,100 $2,389 $22,300 $24,156 Less Returns Net Revenue Cost of Goods Sold $11,998 $10,500 $11,800 Gross Profit $12,158 $2,489 $2,531 $5,745 $5,602 Operating Expenses Selling Expenses Overhead Expenses Depreciation Total Operating Expenses Operating Profit $433 $433 $8,524 $8,709 $3,276 $3,449 Interest $576 $634 $189 Inventory Losses Profit before Taxes Income Taxes $2,700 $245 $2,815 $591 $567 Net Profit $2,133 $2,224
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