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3. Marita's Dental Clinic employed you as its bookkeeper in its first year of operation. You are now to prepare the Statement of Comprehensive Income for May 2020. Below is the trial balance of the business. Marita's Dental Clinic Trial Balance May 31, 2020 Account Titles Debit Credit P 68,800.00 18,000.00 2,200.00 100,000.00 Cash Account Receivable Office Supplies Dental Equipment Accounts Payable M. Dacanay, Capital M. Dacanay, Drawing Dental Income P 60,000.00 109,400.00 5,000.00 65,000.00 Salaries Expense Rent Expense Utility Expense Dental Supplies Expense 18,000.00 5,000.00 6,500.00 10,900.00 Total 234,400.00 234,400.00

3. Marita's Dental Clinic employed you as its bookkeeper in its first year of operation. You are now to prepare the Statement of Comprehensive Income for May 2020. Below is the trial balance of the business. Marita's Dental Clinic Trial Balance May 31, 2020 Account Titles Debit Credit P 68,800.00 18,000.00 2,200.00 100,000.00 Cash Account Receivable Office Supplies Dental Equipment Accounts Payable M. Dacanay, Capital M. Dacanay, Drawing Dental Income P 60,000.00 109,400.00 5,000.00 65,000.00 Salaries Expense Rent Expense Utility Expense Dental Supplies Expense 18,000.00 5,000.00 6,500.00 10,900.00 Total 234,400.00 234,400.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare the Statement of Comprehensive Income 

3. Marita's Dental Clinic employed you as its bookkeeper in its first year of operation. You are now to prepare the Statement of Comprehensive Income for May 2020. Below is the trial balance of the business. Marita's Dental Clinic Trial Balance May 31, 2020 Account Titles Debit Credit P 68,800.00 18,000.00 2,200.00 100,000.00 Cash Account Receivable Office Supplies Dental Equipment Accounts Payable M. Dacanay, Capital M. Dacanay, Drawing Dental Income Salaries Expense Rent Expense Utility Expense Dental Supplies Expense P 60,000.00 109,400.00 5,000.00 65,000.00 18,000.00 5,000.00 6,500.00 10,900.00 Total 234,400.00 234,400.00
Transcribed Image Text:3. Marita's Dental Clinic employed you as its bookkeeper in its first year of operation. You are now to prepare the Statement of Comprehensive Income for May 2020. Below is the trial balance of the business. Marita's Dental Clinic Trial Balance May 31, 2020 Account Titles Debit Credit P 68,800.00 18,000.00 2,200.00 100,000.00 Cash Account Receivable Office Supplies Dental Equipment Accounts Payable M. Dacanay, Capital M. Dacanay, Drawing Dental Income Salaries Expense Rent Expense Utility Expense Dental Supplies Expense P 60,000.00 109,400.00 5,000.00 65,000.00 18,000.00 5,000.00 6,500.00 10,900.00 Total 234,400.00 234,400.00
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