Here is another sample of business transactions for Kuya Berting Auto Shop for February 2020. The business : Cash, Php 30,000; Prepaid Rent, Php5,000; Equipment, Php5,000, Supplies Php 3,00.00 and Accounts Payable Php7,000. By the end of the month, Berting's had earned Php50, 000 of Service Income, Php 1,500 of Utility Expenses and Php 6,500 of Salaries Expense and P 1,500 for Rent Expense. Prepare the Statement of Comprehensive Income.

Here is another sample of business transactions for Kuya Berting Auto Shop for February 2020. The business : Cash, Php 30,000; Prepaid Rent, Php5,000; Equipment, Php5,000, Supplies Php 3,00.00 and Accounts Payable Php7,000. By the end of the month, Berting's had earned Php50, 000 of Service Income, Php 1,500 of Utility Expenses and Php 6,500 of Salaries Expense and P 1,500 for Rent Expense. Prepare the Statement of Comprehensive Income.

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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am. 295.
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