Asked on 27 Apr 2020

Prepare a profit and loss statement for a boutique with the following figures and determine if the store operated at a profit: Gross sales Customer returns Billed costs Inward freight Advertising Rent Alterations Salaries Miscellaneous expenses $104,000 5,000 49,000 10,000 7,500 12,000 1,000 16,000 5,000

Answered on 27 Apr 2020

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