Net income qCashNotes ReceivableOffice SuppliesLandBuildingAccumulated Depreciation - BuildingEquipmentAccumulated Depreciation - EquipmentAccounts PayableTax PayableBruce, Capital, 1/1/2020Bruce, WithdrawalConsulting RevenuesSalaries ExpenseAdvertising ExpenseMiscellaneous ExpenseP60,000250,00048,000300,0001,590,0002,150,000500,000400,00050,00032,000P5,380,000P 216,000489,000550,00040,0002,537,0001,548,000P5,380,000

Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

Answered: Cash Notes Receivable Office Supplies…

Cash Notes Receivable Office Supplies Land Building Accumulated Depreciation - Building Equipment 60,000 250,000 48,000 300,000 1,590,000 2.150.000 P 216,000

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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Question

Net income q
Cash
Notes Receivable
Office Supplies
Land
Building
Accumulated Depreciation - Building
Equipment
Accumulated Depreciation - Equipment
Accounts Payable
Tax Payable
Bruce, Capital, 1/1/2020
Bruce, Withdrawal
Consulting Revenues
Salaries Expense
Advertising Expense
Miscellaneous Expense
P
60,000
250,000
48,000
300,000
1,590,000
2,150,000
500,000
400,000
50,000
32,000
P5,380,000
P 216,000
489,000
550,000
40,000
2,537,000
1,548,000
P5,380,000

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