Cash on hand and in bank P 5,960 1,200 8,000 1,100 1,000 1,800 4,000 300 600 Utilities expense Accounts receivable Depreciation expense Allowance for doubtful accounts Rent expense Notes receivable Interest income Supplies Service fees Manalo, drawing Manalo, Capital Prepaid rent Building Accounts payable Salaries payable Accumulated depreciation Unearned service fees 32,000 4,500 48,630 820 88,000 6,000 1,450 18,000 8,600

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Cash on hand and in bank
5,960
1,200
8,000
1,100
1,000
1,800
4,000
300
600
32,000
4,500
48,630
Utilities expense
Accounts receivable
Depreciation expense
Allowance for doubtful accounts
Rent expense
Notes receivable
Interest income
Supplies
Service fees
Manalo, drawing
Manalo, Capital
Prepaid rent
Building
Accounts payable
Salaries payable
Accumulated depreciation
Unearned service fees
820
88,000
6,000
1,450
18,000
8,600
Compute for the following: (Show computations)
1. Profit (Loss) – please indicate if it is "Profit" or "Loss"
P.
Transcribed Image Text:Cash on hand and in bank 5,960 1,200 8,000 1,100 1,000 1,800 4,000 300 600 32,000 4,500 48,630 Utilities expense Accounts receivable Depreciation expense Allowance for doubtful accounts Rent expense Notes receivable Interest income Supplies Service fees Manalo, drawing Manalo, Capital Prepaid rent Building Accounts payable Salaries payable Accumulated depreciation Unearned service fees 820 88,000 6,000 1,450 18,000 8,600 Compute for the following: (Show computations) 1. Profit (Loss) – please indicate if it is "Profit" or "Loss" P.
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