ROLLY GENERAL MERCHANDISE

Statement of Cost of Goods Sold

For the Month Ended November 30, 2023

Rolly, Beginning Inventory P 5 0 0 0 0

Add: Net Purchases

Purchases P 2 7 5 0 0 0
Add: Freight In 2 4 5 0
Less: Purchase Discount 1 6 5 0
Purchase Returns and Allowances 4 2 0 0 0 2 3 3 8 0 0

Total Goods Available for Sale 2 8 3 8 0 0

Less: Rolly, Ending Inventory 5 0 0 0 0

COST OF GOODS SOLD P 2 3 3 8 0 0

 ROLLY GENERAL MERCHANDISE
Income Statement
For the Month Ended November 30, 2023

Sales P1 1 9 2 3 0 0
Less: Sales Discount 3 8 8 6
Sales Returns and Allowances 1 1 7 4 8 0

Net Sales P1 0 7 0 9 3 4

Less: Cost of Goods Sold 2 3 3 8 0 0

Gross Profit 8 3 7 1 3 4

Less: Operating Expenses

Salaries Expense 4 1 3 0 0
Utilities Expense 6 3 7 0 0
Advertising Expense 7 5 4 0 0
Office Supplies Expense 8 5 0 0

Total Operating Expenses 1 8 8 9 0 0

NET INCOME P 6 4 8 2 3 4
 QUINTA FOOD SERVICES
Income Statement
For the Year Ended December 31, 2023

REVENUES EARNED

Service Income P1 8 4 3 9 0 0

Less: Operating Expenses

Advertising Expense P 1 4 3 8 0 0
Salaries Expense 1 1 1 5 0 0
Repair and Maintenance Expense 2 1 4 3 5 0
Bad Debts Expense 8 2 6 6 6

Total Operating Expenses 5 5 2 3 1 6

NET INCOME 1 2 9 1 5 8 4