Given the following information fill in the blanks Do not enter commas, % or $...

70.2K

Verified Solution

Question

Accounting

image

Given the following information fill in the blanks Do not enter commas, % or $ signs. Remember to use 2 decimal places for all of your answers. Profit and Loss Statement End of October 2020 % Given: Closing Inventory Sept 30 2020 Opening Inventory Nov 1st 2020 S 15.256.33 Food Sales S 146,582.45 100 $ 13,586.75 Purchase Oct 7th S 7,852.33 Cost of Food Sold Purchase Oct 14th Purchase Oct 21st S 8,242.33 S 8,726.64 Gross Profit Operating Expenses Purchase Oct 28th Sales for October 2020 S 8,155.22 S146,582.45 21.50 4.40 Labour -Salaried Labour-Hourly Rent Repairs and Maintenance Operating Supplies Utilities Total Operating Expenses S 31,515.23 S 6,452.00 S 1,500.00 S 1,488.25 1.02 1.02 S 2.758.66 S 64.968.59 44.32 Income Before Tax Tax (18%) Net Income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students