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Problem I-LO 2 - Consider the following account balances from the income statement columns of the financial worksheet of BURGER QUEEN Restaurant for the year
Problem I-LO 2 - Consider the following account balances from the income statement columns of the financial worksheet of BURGER QUEEN Restaurant for the year ended December 31, 2019. (13 points). Cr 221,000 70,250 500 Food sales Beverage sales Other income Rent expense Salaries and wages Supplies expense Insurance expense Depreciation expense Other operating expenses Interest expense 30,000 72,000 9,000 9500 7,000 2,750 3,000__ 133,250 291,750 a/ Prepare the income statement of Tasty Pizza Restaurant for the year ended December 31, 2019(7 POINTS) b/Record closing entries in the general journal (6 POINTS)
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