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What is the Income statement here?

What is the Income statement here?

FINANCIAL ACCOUNTING
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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What is the Income statement here?
The koi are transactions of Ms. Dianna Fe D. Eranista, a The following are the transactions of Mrs. Dianna Fe D. Eranista, a customer during the month of July her first month of business operation: coutner dng the month of July, her first month of business operatio ! Ms Dianna Fe invested P 750,000 cash in the business 2 Purchased for cash a second hand car amounting to 00,000 to be used in the business. 4 Purchased supplies on account worth P 7,500. 7 Biled customers for services rendered amounting to P 22,500 9 Rendered services to customers for cash, P 15,000. 11 Paid the advertisement of the business amounting to P 3,000. 14 invested additional cash in the business, P 150,000. 15 Purchased P 75,000 worth of office equipment on account with a written promise to pay next week. 17 issued check in payment for the supplies purchased on July 4. 18 Received P 7,500 cash from customers billed on July 7. 22 Purchased additional P 7,500 worth of office supplies for cash. 24 Issued check in payment for the promissory note issued promissory note on July 15. 28 Paid creditor on account, P 4,500. 29 The owner withdrew P 7,500 cash for personal use.
Transcribed Image Text:The koi are transactions of Ms. Dianna Fe D. Eranista, a The following are the transactions of Mrs. Dianna Fe D. Eranista, a customer during the month of July her first month of business operation: coutner dng the month of July, her first month of business operatio ! Ms Dianna Fe invested P 750,000 cash in the business 2 Purchased for cash a second hand car amounting to 00,000 to be used in the business. 4 Purchased supplies on account worth P 7,500. 7 Biled customers for services rendered amounting to P 22,500 9 Rendered services to customers for cash, P 15,000. 11 Paid the advertisement of the business amounting to P 3,000. 14 invested additional cash in the business, P 150,000. 15 Purchased P 75,000 worth of office equipment on account with a written promise to pay next week. 17 issued check in payment for the supplies purchased on July 4. 18 Received P 7,500 cash from customers billed on July 7. 22 Purchased additional P 7,500 worth of office supplies for cash. 24 Issued check in payment for the promissory note issued promissory note on July 15. 28 Paid creditor on account, P 4,500. 29 The owner withdrew P 7,500 cash for personal use.
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