Pls Answer tnx 7. The balance sheets of Bonifacio Company include the following:12/31/201912/31/2019Interest ReceivableP6,3005,0003,600POSuppliesWages PayableUnearned Revenue3,0003,8004,0000.The income statement for 2020 shows the followingP18,40072,7008,70039,000Interest RevenueService RevenueSupplies ExpenseWages ExpenseWhat is the total cash paid for supplies and wages?

Solution: Total supplies purchased during the period = Supplies expense +Ending supplies -…

7. The balance sheets of Bonifacio Company include the following: 12/31/2019 12/31/2019 PO Interest Receivable Supplies Wages Payable Unearned Revenue P6,300 5,000 3,600 3,000 3,800 4,000 The income statement for 2020 shows the following Interest Revenue Service Revenue Supplies Expense Wages Expense P18,400 72,700 8,700 39,000

7. The balance sheets of Bonifacio Company include the following: 12/31/2019 12/31/2019 PO Interest Receivable Supplies Wages Payable Unearned Revenue P6,300 5,000 3,600 3,000 3,800 4,000 The income statement for 2020 shows the following Interest Revenue Service Revenue Supplies Expense Wages Expense P18,400 72,700 8,700 39,000

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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