You are operating a small casual dining restaurant ArteSano in the downtown area of Kanata You have
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Question:
You are operating a small casual dining restaurant "ArteSano" in the downtown area of Kanata You have determined the following expenses for the Month of May 2023.
Utilities $135,870.00
Food Cost $930,000.00
Beverage Cost $382,390.00
Labour Expense $795,203.99
Food Sales 67.0% Beverage Sales $627,197.67
Repairs $12,069.00
Operating Supplies $1,100.00
Depreciation $4,089.19
Other Expenses $275,770.25
You also know your rent for the year is $318,840.00 and Municipal Tax for the year are $310,800
Construct an Income Statement using the information above
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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