Marios Restaurant specializes in Italian food. During February, Marios recorded the following sales to customers and costs

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Mario’s Restaurant specializes in Italian food. During February, Mario’s recorded the following sales to customers and costs of doing business:

Sales to customers ............$19,500

Cost of food products used ......... 5,750

Cost of rented building and equipment .... 4,376

Cost of employee labor services used .... 3,750

Maintenance and utilities used ........ 2,000

Prepare a schedule that shows the amount of profit (or loss) earned by Mario’s Restaurant during February.


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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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