Question
A Bit of Fit operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below
A Bit of Fit operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below for its fiscal year ended November 30, 2019. Cost of Goods Sold $73,200 Depreciation Expense-Store Equipment $5,270 Gain on Sale of Equipment $4,110 Insurance Expense $11,000 Interest Expense $1,180 Office Salaries Expense $35,200 Office Supplies Expense $2,900 Sales Discounts $3,000 Sales Returns and Allowances: $5,900 Sales Revenue $193,200 Sales Salaries Expense $39,800 Utilities Expense-Office- $3,000 Utilities Expense-Retail $5,800
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