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Check my work 2 10 points a. Peter's collected $13,000 from customers for games played in October (example). b. Peter's sold $7,000 in curling equipment
Check my work 2 10 points a. Peter's collected $13,000 from customers for games played in October (example). b. Peter's sold $7,000 in curling equipment inventory; received $3,000 in cash and the rest on account; cost of sales is $4,200. c. Peter's received $2,500 from customers on account who purchased merchandise in September. d. The curling league gave Peter's a deposit of $2,600 for the upcoming fall season. e. Peter's paid $1,900 for the September electricity bill and received the October bill for $2,200 to be paid in November f. Peter's paid $4,700 to employees for work in October. g. Peter's purchased $1,800 in insurance for coverage from October 1 to December 31. h. Peter's paid $1,400 to plumbers for repairing a broken pipe in the washrooms. X 01:59:59 Skipped Required: Prepare a statement of earnings for Peter's Curling Inc. for the month of October 2020. Use an income tax rate of 40 percent. eBook Print PETER'S CURLING INC. Statement of Earnings For the Month of October 2020 References Operating expenses: 0 Earnings before income taxes 0 Mc
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