Prepare a SFP for ABM Company for this year ended December 31, both in account and report form using the following information below: ABM Capital ₱21,950 Unearned Revenue ₱1,000 Accounts Payable ? Accumulated Depreciation ₱2,000 Accrued Expense ₱4,500 Inventory ₱39,800 Building ₱100,000 Cash ₱32,800 Prepaid Rent ₱1,000

Prepare a SFP for ABM Company for this year ended December 31, both in account and report form using the following information below: ABM Capital ₱21,950 Unearned Revenue ₱1,000 Accounts Payable ? Accumulated Depreciation ₱2,000 Accrued Expense ₱4,500 Inventory ₱39,800 Building ₱100,000 Cash ₱32,800 Prepaid Rent ₱1,000

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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Prepare a SFP for ABM Company for this year ended December 31, both in account and report form using the following information below:

ABM Capital ₱21,950
Unearned Revenue ₱1,000
Accounts Payable ?
Accumulated Depreciation ₱2,000
Accrued Expense ₱4,500
Inventory ₱39,800
Building ₱100,000
Cash ₱32,800
Prepaid Rent ₱1,000

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