Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters Sta. Rosa San Pablo Lipa Income statement Revenues Php 110,000 Php Php 24,000 520,000 Expenses Profit a m Php b. Php h Php 8,000 Satement of Change s in Owner's Equity Beginning balance Php 290,000 Php 2,440,000 Php 34,000 Profit 160,000 Less: withdrawals 20,000 Ending Balance Php 300,000 Php Php Balance Sheet Total Assets Php 3,100,000.00 Php Liabilities Php 160,000 Php 500,000 Php Owner's Equity Owner's Capital 38,000 38,000 Total Liabilities & Owner's Equity Php Php Php

Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters Sta. Rosa San Pablo Lipa Income statement Revenues Php 110,000 Php Php 24,000 520,000 Expenses Profit a m Php b. Php h Php 8,000 Satement of Change s in Owner's Equity Beginning balance Php 290,000 Php 2,440,000 Php 34,000 Profit 160,000 Less: withdrawals 20,000 Ending Balance Php 300,000 Php Php Balance Sheet Total Assets Php 3,100,000.00 Php Liabilities Php 160,000 Php 500,000 Php Owner's Equity Owner's Capital 38,000 38,000 Total Liabilities & Owner's Equity Php Php Php

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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