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The following information was taken from the records of Bernardo Accounting Services as of September 30, 20: Petty cash funds Cash in bank Professional fees receivable Unused office supplies Prepaid taxes Other prepaid expenses Office equipment Furniture and fixtures Leasehold improvements Accounts payable Loans payable. Accrued office expenses. Accrued rent expense Advances from clients on Taxes payable. Cara Bernardo, Capital Cara Bernardo, Personal Professional fees Miscellaneous income Salaries and wages Taxes Rent expenses Repairs and maintenance Transportation and travel Representation and entertainment Membership dues Utilities Supplies Used Depreciation - Office equipment Depreciation - Furniture and fixtures Amortization - Leasehold improvements Miscellaneous expenses P 10,000.00 65,780.72 22,750.00 12,850.00 2,450.00 900.00 150,000.00 120,800.00 45,000.00 12,500.75 200,000.00 32,652.25 12,000.00 10,000.00 3,685.00 100,000.00 60,000.00 350,000.00 13,392.79 75,000.00 25,000.00 36,000.00 1,250.00 21,860.00 23,452.50 12,000.00 20,750.66 12,635.55 5,200 3,200 3,570 3,781.36 Cara Bernardo made an additional investment of P20,000 on July 25, 2000. Required: Prepare the following financial statements 1. Financial Performance 2. Changes in owner's equity 3. Financial position

The following information was taken from the records of Bernardo Accounting Services as of September 30, 20: Petty cash funds Cash in bank Professional fees receivable Unused office supplies Prepaid taxes Other prepaid expenses Office equipment Furniture and fixtures Leasehold improvements Accounts payable Loans payable. Accrued office expenses. Accrued rent expense Advances from clients on Taxes payable. Cara Bernardo, Capital Cara Bernardo, Personal Professional fees Miscellaneous income Salaries and wages Taxes Rent expenses Repairs and maintenance Transportation and travel Representation and entertainment Membership dues Utilities Supplies Used Depreciation - Office equipment Depreciation - Furniture and fixtures Amortization - Leasehold improvements Miscellaneous expenses P 10,000.00 65,780.72 22,750.00 12,850.00 2,450.00 900.00 150,000.00 120,800.00 45,000.00 12,500.75 200,000.00 32,652.25 12,000.00 10,000.00 3,685.00 100,000.00 60,000.00 350,000.00 13,392.79 75,000.00 25,000.00 36,000.00 1,250.00 21,860.00 23,452.50 12,000.00 20,750.66 12,635.55 5,200 3,200 3,570 3,781.36 Cara Bernardo made an additional investment of P20,000 on July 25, 2000. Required: Prepare the following financial statements 1. Financial Performance 2. Changes in owner's equity 3. Financial position

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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The following information was taken from the records of Bernardo Accounting Services as of September 30, 200% Petty cash funds Cash in bank Professional fees receivable Unused office supplies Prepaid taxes Other prepaid expenses Office equipment Furniture and fixtures Leasehold improvements Accounts payable Loans payable. Accrued office expenses. Accrued rent expense Advances from clients on Taxes payable. Cara Bernardo, Capital Cara Bernardo, Personal Professional fees Miscellaneous income Salaries and wages Taxes Rent expenses Repairs and maintenance Transportation and travel Representation and entertainment. Membership dues Utilities Supplies Used P 10,000.00 65,780.72 22,750.00 12,850.00 2,450.00 900.00 150,000.00 120,800.00 45,000.00 12,500.75 200,000.00 32,652.25 12,000.00 10,000.00 3,685.00 100,000.00 60,000.00 350,000.00 13,392.79 75,000.00 25,000.00 36,000.00 1,250.00 21,860.00 23,452.50 12,000.00 20,750.66 12,635.55 Depreciation - Office equipment Depreciation - Furniture and fixtures Amortization - Leasehold improvements Miscellaneous expenses Cara Bernardo made an additional investment of P20,000 on July 25, 2020. Required: Prepare the following financial statements 1. Financial Performance 2. Changes in owner's equity 3. Financial position 5,200 3,200 3,570 3,781.36
Transcribed Image Text:The following information was taken from the records of Bernardo Accounting Services as of September 30, 200% Petty cash funds Cash in bank Professional fees receivable Unused office supplies Prepaid taxes Other prepaid expenses Office equipment Furniture and fixtures Leasehold improvements Accounts payable Loans payable. Accrued office expenses. Accrued rent expense Advances from clients on Taxes payable. Cara Bernardo, Capital Cara Bernardo, Personal Professional fees Miscellaneous income Salaries and wages Taxes Rent expenses Repairs and maintenance Transportation and travel Representation and entertainment. Membership dues Utilities Supplies Used P 10,000.00 65,780.72 22,750.00 12,850.00 2,450.00 900.00 150,000.00 120,800.00 45,000.00 12,500.75 200,000.00 32,652.25 12,000.00 10,000.00 3,685.00 100,000.00 60,000.00 350,000.00 13,392.79 75,000.00 25,000.00 36,000.00 1,250.00 21,860.00 23,452.50 12,000.00 20,750.66 12,635.55 Depreciation - Office equipment Depreciation - Furniture and fixtures Amortization - Leasehold improvements Miscellaneous expenses Cara Bernardo made an additional investment of P20,000 on July 25, 2020. Required: Prepare the following financial statements 1. Financial Performance 2. Changes in owner's equity 3. Financial position 5,200 3,200 3,570 3,781.36
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