Directions: Analyze the transaction of Tiny Bubbles Co, put an emojey smileyif it is part in the preparation of Statement of Comprehensive Income and NA if it is not part in the preparation of Statement of Comprehensive Income. Tiny Bubbles, a parlor owner, asks to you to prepare her Statement of Comprehensive Income for the month of August with the following transactions. 1. Her company has cash deposited in a bank account amounting to P50, 000 as her initial capital 2. She bought parlor furniture set amounting to P75, 000 by paying 20% down and the balance in 12 monthly installments 3. Supplies expense for the month is P20,000 4. She paid two months rent amounting to P24, 000 5. Her total income for the month of August is 120,000 cash 6. She paid one staff for P5, 000 a month 7. The business paid P4, 500 for the light, water, and Internet connection 8. She has trade receivables amounting to P25, 000 for services rendered 9. She had a loan from the bank amounting to P100, 000 to be paid in 5 years 10. Paid transportation expenses amounting to P2, 500
Directions: Analyze the transaction of Tiny Bubbles Co, put an emojey smileyif it is part in the preparation of Statement of Comprehensive Income and NA if it is not part in the preparation of Statement of Comprehensive Income.
Tiny Bubbles, a parlor owner, asks to you to prepare her Statement of Comprehensive Income for the month of August with the following transactions.
1. Her company has cash deposited in a bank account amounting to P50, 000 as her initial capital
2. She bought parlor furniture set amounting to P75, 000 by paying 20% down and the balance in 12 monthly installments
3. Supplies expense for the month is P20,000
4. She paid two months rent amounting to P24, 000
5. Her total income for the month of August is 120,000 cash
6. She paid one staff for P5, 000 a month
7. The business paid P4, 500 for the light, water, and Internet connection
8. She has trade receivables amounting to P25, 000 for services rendered
9. She had a loan from the bank amounting to P100, 000 to be paid in 5 years
10. Paid transportation expenses amounting to P2, 500
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