2. Looking Glass Photography is owned by Cymon Ken. Prepare the Income Statement of the business based on the following data provided as of December 31, 2017. Advertising Expense Miscellaneous Expenses Php 5,000.00 999.00 Rent Expense 17, 525.00 Salaries Expense 20, 200,00 00 25, 300. Supplies Expense Utilities Expense Service Income 4,500.00 95, 850.00

2. Looking Glass Photography is owned by Cymon Ken. Prepare the Income Statement of the business based on the following data provided as of December 31, 2017. Advertising Expense Miscellaneous Expenses Php 5,000.00 999.00 Rent Expense 17, 525.00 Salaries Expense 20, 200,00 00 25, 300. Supplies Expense Utilities Expense Service Income 4,500.00 95, 850.00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 15EA: The following select account data is taken from the records of Reese Industries for 2019. A. Use the...

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