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

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 6E: Balance Sheet Baggett Companys balance sheet accounts and amounts as of December 31, 2019, are shown...

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