1. Beb's Trinity Store's annual income statement for 2019 is shown in the table below. Beb worked full-time in the business and invested Php300,000 to acquire it and stock it with goods. Beb just tumed down a Php250,000-per-year compensated position as the manager of another store. During the year, he did not pay himself a wage. Revenues Costs Sales Inventory Adjustment Php550,000 Wholesale clothing 20,000 Equipment Labor Php300,000 20,000 150,000 10,000 ULilites and insurance Total Revenues Total Costs
1. Beb's Trinity Store's annual income statement for 2019 is shown in the table below. Beb worked full-time in the business and invested Php300,000 to acquire it and stock it with goods. Beb just tumed down a Php250,000-per-year compensated position as the manager of another store. During the year, he did not pay himself a wage. Revenues Costs Sales Inventory Adjustment Php550,000 Wholesale clothing 20,000 Equipment Labor Php300,000 20,000 150,000 10,000 ULilites and insurance Total Revenues Total Costs
Chapter4: Preparing And Using Financial Statements
Section: Chapter Questions
Problem 1bM
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