Exercise 3-9. Preparation of Statement of Profit or Loss and distribution of net income The following is the list of income and expense accounts of JJJ Partnership as of year-end December 31, 2023 Freight-in Purchase Discount Purchases Rent Expense Merchandise Inventory, Jan 1 Sales P7,500 8,200 300,000 10,000 Salaries and Wages Sales Discount Sales Returns and Allowances Supplies Expenses Taxes and Licenses 50,000 Expense 800,000 Utilities Expense P90,000 12,000 4,500 9,500 15,000 60,000 ATIONS 199
Exercise 3-9. Preparation of Statement of Profit or Loss and distribution of net income The following is the list of income and expense accounts of JJJ Partnership as of year-end December 31, 2023 Freight-in Purchase Discount Purchases Rent Expense Merchandise Inventory, Jan 1 Sales P7,500 8,200 300,000 10,000 Salaries and Wages Sales Discount Sales Returns and Allowances Supplies Expenses Taxes and Licenses 50,000 Expense 800,000 Utilities Expense P90,000 12,000 4,500 9,500 15,000 60,000 ATIONS 199
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.18E: Multiple-step income statement On March 31, 20Y5, the balances of the accounts appearing in the...
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Pl3ase answ3 in a table format like in an exc3l or g00gle sheets
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