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Donald Electronics an electronics repair shop, prepared the unadjusted trial balance at the end of its first year of operations shown below: Donald Electronics Trial Balance April 30, 2019 Cash 3,450 Accounts Receivable 22,500 Supplies 5,400 Equipment 113,700 Accounts Payable 5,250 Unearned Fees 6,000 Hans Donald, Capital Hans Donald, Drawings 78,000 4,500 Fees earned 135,750 Salaries Expense 31,500 Rent Expense 24,000 Utilities Expense 17,250 Miscellaneous Expense 2,700 225,000 225,000 For preparing the adjusting entries, the following data were assembled: a. Fees earned but unbilled on April 30 were P1,775. b. Supplies on hand on April 30 were P1,200. c. Depreciation of equipment was estimated to be P4,100 for the year. d. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only P1,750 of the services was provided between April 1 and April 30. e. Unpaid wages accrued on April 30 were P600. Required: 4. Prepare Statement of Changes in Equity.

Donald Electronics an electronics repair shop, prepared the unadjusted trial balance at the end of its first year of operations shown below: Donald Electronics Trial Balance April 30, 2019 Cash 3,450 Accounts Receivable 22,500 Supplies 5,400 Equipment 113,700 Accounts Payable 5,250 Unearned Fees 6,000 Hans Donald, Capital Hans Donald, Drawings 78,000 4,500 Fees earned 135,750 Salaries Expense 31,500 Rent Expense 24,000 Utilities Expense 17,250 Miscellaneous Expense 2,700 225,000 225,000 For preparing the adjusting entries, the following data were assembled: a. Fees earned but unbilled on April 30 were P1,775. b. Supplies on hand on April 30 were P1,200. c. Depreciation of equipment was estimated to be P4,100 for the year. d. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only P1,750 of the services was provided between April 1 and April 30. e. Unpaid wages accrued on April 30 were P600. Required: 4. Prepare Statement of Changes in Equity.

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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I'LL UPVOTE IF THE TABLE IS NOT A PHOTO.
Donald Electronics an electronics repair shop, prepared the unadjusted trial balance at the end of its first year of operations shown below: Donald Electronics Trial Balance April 30, 2019 Cash 3,450 Accounts Receivable 22,500 Supplies 5,400 Equipment Accounts Payable 113,700 5,250 Unearned Fees 6,000 Hans Donald, Capital Hans Donald, Drawings 78,000 4,500 Fees earned 135,750 Salaries Expense Rent Expense 31,500 24,000 Utilities Expense Miscellaneous Expense 17,250 2,700 225,000 P 225,000 For preparing the adjusting entries, the following data were assembled: a. Fees earned but unbilled on April 30 were P1,775. b. Supplies on hand on April 30 were P1,200. c. Depreciation of equipment was estimated to be P4,100 for the year. d. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only P1,750 of the services was provided between April 1 and April 30. e. Unpaid wages accrued on April 30 were P600. Required: 4. Prepare Statement of Changes in Equity.
Transcribed Image Text:Donald Electronics an electronics repair shop, prepared the unadjusted trial balance at the end of its first year of operations shown below: Donald Electronics Trial Balance April 30, 2019 Cash 3,450 Accounts Receivable 22,500 Supplies 5,400 Equipment Accounts Payable 113,700 5,250 Unearned Fees 6,000 Hans Donald, Capital Hans Donald, Drawings 78,000 4,500 Fees earned 135,750 Salaries Expense Rent Expense 31,500 24,000 Utilities Expense Miscellaneous Expense 17,250 2,700 225,000 P 225,000 For preparing the adjusting entries, the following data were assembled: a. Fees earned but unbilled on April 30 were P1,775. b. Supplies on hand on April 30 were P1,200. c. Depreciation of equipment was estimated to be P4,100 for the year. d. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only P1,750 of the services was provided between April 1 and April 30. e. Unpaid wages accrued on April 30 were P600. Required: 4. Prepare Statement of Changes in Equity.
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