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Income Statement.docx - Lets Go Live Name Jie Wei(135131...

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Let’s Go Live Name: Jie Wei (135131) Shareholders: Gejun Xu, Nicholas Young, Ting Jenkins, Jie Wei Time: October 22, 2015 (Thursday) Location: Library (From 9:20AM to 11:20AM) Students Centre (From 13:00PM to 15:00PM) Products Sold: Treat Bags Income Statement: Revenues: Sales: $134.20 Tips: $1 Total: $135.20 Expenses: Candy: $35.96 Chips: $26.97 Taxes $9.37 Decorations: $2 Treat bags: $2 Total: $76.30 Profit: $58.90 Summary We did the “Let’s Go Live” by selling treat bags. We bought snacks, bags and decorations from Superstore and Dollarama. Each treat bag contains 1 bag of chips and 3 different kinds of candies. There were some bags of chips leftover after we packed all the teats so we decided to sell those chips as well. Then we decided that
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