Dr Dela Cruz is a dentist. She has a dental clinic operating under the name SmilesCity Dental Clinic. For the month of June 2019, she earned ₱574,734 from rendering services to clients as dentist. She also provides other dental related services which earned ₱234, 774. She also had a free dental service for depressed are at a cost of ₱65,800. In order to operate, the dental clinic spent ₱342, 550 during the month for dental supplies. Common operating expenses include salaries of ₱96,554 to nurses and assistants, ₱ 18,000 rent, and ₱10,000 utilities. Depreciation of dental clinic equipment amounted to ₱8,530. However, during the month the equipment needed repair and maintenance work which costed the clinic ₱4,897. And also has a service cost for free check-up in the total of ₱25,600
Prepare a single step-service company income statement.
1. Dr Dela Cruz is a dentist. She has a dental clinic operating under the name SmilesCity Dental Clinic. For the month of June 2019, she earned ₱574,734 from rendering services to clients as dentist. She also provides other dental related services which earned ₱234, 774. She also had a free dental service for depressed are at a cost of ₱65,800. In order to operate, the dental clinic spent ₱342, 550 during the month for dental supplies. Common operating expenses include salaries of ₱96,554 to nurses and assistants, ₱ 18,000 rent, and ₱10,000 utilities.
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