Prepare the SFP in Account Form
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...
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Prepare the SFP in Account Form

Transcribed Image Text:The following are the data taken from the book of KenGied Tailoring Shop for the year
ended December 31,2019;
Cash
P18,600
10,000
Accounts Receivable
Notes Receivable
5,000
4,000
10,000
Prepaid Rent
Furniture
Equipment
Accounts Payable
Notes Payable
50,000
6,000
4,000
Accrued Salaries
1,908
Unearned Interest Income
300
SSS Premium Payable
Withholding Taxes Payable
Kengied, Capital
Allowance for bad Debts
66
26
84,887
80
Accumulated Depreciation- Furniture
Accumulated Depreciation-Equipment
55
278
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