CENTER for the calendar year 200A: P 1,200 8,000 P 85,000 Notes Receivable 12,000 Notes Payable 16,600 Interest Income 18,540 Tel. & Telegrams Expense 21,500 Interest Expense 10,000 Postage & Stamps Expense 21,460 Insurance Expense 30,000 Car 20,000 Utilities Expense 78,560 Supplies Expense 8,900 Massage Equipment 21,000 Rental Income E. Liwanag Capital Office Equipment Accounts Payable Cash 360 1,250 220 Tools E. Liwanag Drawing Accounts Receivable 50 4,100 84,700 160 Mortgage Payable Loan Payable (short-term) Service Income Furniture & Fixtures 3,150 36,290 6,000 Salaries Expense Prepare a single-step Statement of Comprehensive Income for MAGINHAWA SERVICE CENTER for the year ended December 31, 200A

CENTER for the calendar year 200A: P 1,200 8,000 P 85,000 Notes Receivable 12,000 Notes Payable 16,600 Interest Income 18,540 Tel. & Telegrams Expense 21,500 Interest Expense 10,000 Postage & Stamps Expense 21,460 Insurance Expense 30,000 Car 20,000 Utilities Expense 78,560 Supplies Expense 8,900 Massage Equipment 21,000 Rental Income E. Liwanag Capital Office Equipment Accounts Payable Cash 360 1,250 220 Tools E. Liwanag Drawing Accounts Receivable 50 4,100 84,700 160 Mortgage Payable Loan Payable (short-term) Service Income Furniture & Fixtures 3,150 36,290 6,000 Salaries Expense Prepare a single-step Statement of Comprehensive Income for MAGINHAWA SERVICE CENTER for the year ended December 31, 200A

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Define Income and methods of measuring it for internal reporting purposes.
How to fill out an income statement?
Using the information provided below from Ben Company prepare two income statements: A normal GAAP Income Statement A CVP Income Statement These Income Statements should be done in good form and in Excel. Include formulas.
describe the components of the income statement and alternative presentation formats of that statement;
List the components of a statement of comprehensive income statement.
when putting together an income statement do the revenues and expenses have to put in order from highter amount to lowest?
Describe the process of preparing an income statement and a balance sheet, including the specific elements and formulas used in each statement.
Describe the Accumulated other comprehensive income.