Prepare aa. Statement of Comprehensive Incomeb. Statement of Financial Positionc. Closing Entriesd. Post Closing Trial Balance Presented below is the adjusted trial balance of Cecil Laguna, CPA for the year endedDecember 20A:Cecil Laguna, CPAAdjusted Trial BalanceDecember 31, 20AAccount TitlesDebitCreditCash in BankP 78,000Accounts ReceivableEstimated Uncollectible ACcountUnused SuppliesOffice Equipment'Accumulated DepreciationAccounts PayableC. Laguna, CapitalC. Laguna, Drawing35,000P.48012,50045,0004,50013,00047,50015,000Professional Income180,000Uncollectible Account4804,50025,0005,00015,000Depreciation ExpenseUtilities ExpenseSupplies UsedSalaries ExpenseRent Expense10,000P245,480 P245,480Total

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Description: Prepare aa. Statement of Comprehensive Incomeb. Statement of Financial Positionc. Closing Entriesd. Post Closing Trial Balance Presented below is the adjusted trial balance of Cecil Laguna, CPA for the year endedDecember 20A:Cecil Laguna, CPAAdjusted

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Business

Accounting

Prepare a a. Statement of Comprehensive Income b. Statement of Financial Position c. Closing Entries

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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