Please prepare Statement of Comprehensive Income and Statement of Financial Position.i questioned this a while ago and I received a blank answers, I hope it will not be this time again. Thank you! The Trial Balance of Paasa Interiors Company is shown below.Prepare the SCI for Service Business(Single Step Format) and SFP (Report Form)All currency is in Philippine PesosPaasa Interiors CompanyTrial BalanceMonday, December 31, 2018AccountDebitCreditCash186, 000.0071, 200.00Accounts RecievablePrepaid rentEquipmentAccumulated Depreciation EquipmentAccounts PayableNotes Payable12, 000.00177, 500.0012,625.0018,000.0012,000.00Mr. M, CapitalMr. M, Drawing300,000.0019, 000.00Professional Fees276,300.00Salarles ExpenseSupplies ExpenseUtilities Expense96, 100.0012, 000.0037, 800.007, 200.007, 125.00Rent ExpenseDepreciation ExpenseSalaries PayableInterest ExpenseInterest PayableBad Debts Expense12,000.0080.0080.003, 560.00Allowance for Bad DebtsSupplies Inventory3,560.005, 000.00TOTAL634, 565.00634,565.00CS Scanned with CamScanner

Financial statement means the statement including income statement , balance sheet , cash flow…

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lease prepare Statement of Comprehensive Income and Statement of Financial Position. i questioned this a while ago and I received a blank answers, I hope it will not be this time again. Thank you!

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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Question

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Please prepare Statement of Comprehensive Income and Statement of Financial Position. i questioned this a while ago and I received a blank answers, I hope it will not be this time again. Thank you!

The Trial Balance of Paasa Interiors Company is shown below.
Prepare the SCI for Service Business
(Single Step Format) and SFP (Report Form)
All currency is in Philippine Pesos
Paasa Interiors Company
Trial Balance
Monday, December 31, 2018
Account
Debit
Credit
Cash
186, 000.00
71, 200.00
Accounts Recievable
Prepaid rent
Equipment
Accumulated Depreciation Equipment
Accounts Payable
Notes Payable
12, 000.00
177, 500.00
12,625.00
18,000.00
12,000.00
Mr. M, Capital
Mr. M, Drawing
300,000.00
19, 000.00
Professional Fees
276,300.00
Salarles Expense
Supplies Expense
Utilities Expense
96, 100.00
12, 000.00
37, 800.00
7, 200.00
7, 125.00
Rent Expense
Depreciation Expense
Salaries Payable
Interest Expense
Interest Payable
Bad Debts Expense
12,000.00
80.00
80.00
3, 560.00
Allowance for Bad Debts
Supplies Inventory
3,560.00
5, 000.00
TOTAL
634, 565.00
634,565.00
CS Scanned with CamScanner

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