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ent of Alfred Cesar Quinsay, CPA, are as follows: Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Office Equipment Auditing Revenues Building P 63,500 198,000 110,000 120,000 1,361,500 750,000

ent of Alfred Cesar Quinsay, CPA, are as follows: Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Office Equipment Auditing Revenues Building P 63,500 198,000 110,000 120,000 1,361,500 750,000

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 17E
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Income Statement
The accounts for the balance sheet, statement of changes in equity, and income statement of Alfred Cesar Quinsay, CPA, are as follows: P 63,500 198,000 110,000 120,000 1,361,500 750,000 118,500 55,000 60,000 1,193,500 165,000 75,000 60,000 362,500 96,000 28,000 86,500 52,500 735,000 30,500 41,000 18,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Office Equipment Auditing Revenues Building Cash Depreciation Expense-Building Depreciation Expense-Office Equipment Quinsay, Capital, 1/1/2018 Quinsay, Withdrawals Land Notes Receivable Office Equipment Office Supplies Expense Office Supplies Professional Development Expense Rent Expense Salaries Expense Salaries Payable Travel Expense Utilities Expense During the year, Quinsay invested additional P22,000 in the business.
Transcribed Image Text:The accounts for the balance sheet, statement of changes in equity, and income statement of Alfred Cesar Quinsay, CPA, are as follows: P 63,500 198,000 110,000 120,000 1,361,500 750,000 118,500 55,000 60,000 1,193,500 165,000 75,000 60,000 362,500 96,000 28,000 86,500 52,500 735,000 30,500 41,000 18,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Office Equipment Auditing Revenues Building Cash Depreciation Expense-Building Depreciation Expense-Office Equipment Quinsay, Capital, 1/1/2018 Quinsay, Withdrawals Land Notes Receivable Office Equipment Office Supplies Expense Office Supplies Professional Development Expense Rent Expense Salaries Expense Salaries Payable Travel Expense Utilities Expense During the year, Quinsay invested additional P22,000 in the business.
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