-rooms, food, and gift shop. The following information is supplied to you as of December 31, 20X1. The Black Beach Motel (BBM) has three operated departments Rooms department-salaries and wages Food department-salaries and wages a summary income statement for 20x1 for the Black Beach Motel based on the Account Insurance (fire) Gift shop-salaries and wages Supplies -food department Food purchases Room sales Interest income Interest expense Cost of food sold Food sales A&G-wages Advertising Maintenance-contract Depreciation Heat Power and lights The Income Statement 137 Account Balance $ 20,000 100.000 80.000 5.000 30.000 80.000 600.000 2 50.000 2 300,000 40,000 8,000 25.000 Information & telecommunications systems-contract 15.000 60,000 15,000 12,000 Supplies and other-rooms department 40,000 12.000 A&G-other expenses 20.000 16,000 10,000 Gift shop-other expenses 3,000 2 Marketing-- wages 20,000 5,000 Property taxes Gift shop sales Gift shop-cost of sales Management fee Rent Other information: 1 The BBM invested $100,000 on April 1, 20x1, in a certificate of deposit earning an annual rate of 8 percent. 2 The beginning and ending inventories of food were $4,000 and $6,000 respectively. Food consumed by the department employees during the year (free of charge) was as follows: Rooms $ 600 Food 1,000 A&G 300 2 Benefits and payroll taxes for all employees, excluding free food, are 25 percent of gross salaries and wages. The BBM pays an average of 30 percent of its pretax income to the various governmen- tal units in the form of income taxes. The management fee to be paid to the management company is 5 percent of total sales and 8 percent of total income before management fees and fixed charges. Prepare tomar of Exhibit 4 The Black Beach Motel (BBM) has three operated departments -rooms, food, and gift shop. The following information is supplied to you as of December 31, 20X1. Prepare statement to conform to the Problem 19 -rooms, food, and gift shop. The following information is supplied to you as of December 31, 20X1. The Black Beach Motel (BBM) has three operated departments Rooms department-salaries and wages Food department-salaries and wages a summary income statement for 20x1 for the Black Beach Motel based on the Account Insurance (fire) Gift shop-salaries and wages Supplies -food department Food purchases Room sales Interest income Interest expense Cost of food sold Food sales A&G-wages Advertising Maintenance-contract Depreciation Heat Power and lights The Income Statement 137 Account Balance $ 20,000 100.000 80.000 5.000 30.000 80.000 600.000 2 50.000 2 300,000 40,000 8,000 25.000 Information & telecommunications systems-contract 15.000 60,000 15,000 12,000 Supplies and other-rooms department 40,000 12.000 A&G-other expenses 20.000 16,000 10,000 Gift shop-other expenses 3,000 2 Marketing-- wages 20,000 5,000 Property taxes Gift shop sales Gift shop-cost of sales Management fee Rent Other information: 1 The BBM invested $100,000 on April 1, 20x1, in a certificate of deposit earning an annual rate of 8 percent. 2 The beginning and ending inventories of food were $4,000 and $6,000 respectively. Food consumed by the department employees during the year (free of charge) was as follows: Rooms $ 600 Food 1,000 A&G 300 2 Benefits and payroll taxes for all employees, excluding free food, are 25 percent of gross salaries and wages. The BBM pays an average of 30 percent of its pretax income to the various governmen- tal units in the form of income taxes. The management fee to be paid to the management company is 5 percent of total sales and 8 percent of total income before management fees and fixed charges. Prepare tomar of Exhibit 4 The Black Beach Motel (BBM) has three operated departments -rooms, food, and gift shop. The following information is supplied to you as of December 31, 20X1. Prepare statement to conform to the Problem 19
