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A1 Dr Cr RM RM Food sales 525,464.00 Beverages sales 450,000.00 Opening inventory 250,000.00 Food purchases 200,000.00 Beverage purchases 101,000.00 Salaries and wages 95,000.00 Employee
A1 Dr Cr RM RM Food sales 525,464.00 Beverages sales 450,000.00 Opening inventory 250,000.00 Food purchases 200,000.00 Beverage purchases 101,000.00 Salaries and wages 95,000.00 Employee benefit 95,000.00 Office expenses 32,000.00 Marketing 96,000.00 Utilities 55,000.00 Administration and General 45,714.00 Repairs and Maintenance 15,250.00 Music and Entertainment 17,000.00 Restaurant rent 15,000.00 Occupancy Costs 0.00 Interest 45,000.00 Depreciation 8,500.00 **Ending inventory at 31 December 2017 was RM 400,000.00 Based on the above FTMS's Restaurant financial records end at 31 December 2018, answers the following below: Prepare the income statement for the FTMS's Restaurant. i. (15 Marks)
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