PROBLEM SOLVING 1Instruction: Show your solution in every problem that needscomputationNumber1.No KaPee Co.2.LaTanUnganCo.3.Keye TodAyCo.Service Direct Direct SalariesIncome Labor Materials ExpensesUtilities Rent Supplies55,000 2,500 1,000 16,000 2,000 5,000 4,00089,700 5,200 20,450 12,3604,580 6,000 5,000148,300 2,420 32,200 24,000 6,820 10,000 9,020Requirements:1. Prepare the Income Statement using all the informationabove for La Tan Ungan Co. and Keye Tod Ay Co.2. All of the Company are ended on December 31.

INCOME STATEMENT Income Statement is a Nominal Account. Income Statement Include Total revenue…

PROBLEM SOLVING 1 Instruction: Show your solution in every problem that needs computation Number 1.No Ka Pee Co. 2.La Tan Ungan Co. 3.Key e Tod Ay Co. Service Direct Direct Salaries Income Labor Materials Expenses 55,000 2,500 1,000 16,000 2,000 5,000 4,000 89,700 5,200 20,450 148,300 2,420 32,200 12,360 Utilities Rent Supplies 4,580 6,000 5,000 24,000 6,820 10,000 9,020 Requirements: 1. Prepare the Income Statement using all the information above for La Tan Ungan Co. and Keye Tod Ay Co. 2. All of the Company are ended on December 31.

PROBLEM SOLVING 1 Instruction: Show your solution in every problem that needs computation Number 1.No Ka Pee Co. 2.La Tan Ungan Co. 3.Key e Tod Ay Co. Service Direct Direct Salaries Income Labor Materials Expenses 55,000 2,500 1,000 16,000 2,000 5,000 4,000 89,700 5,200 20,450 148,300 2,420 32,200 12,360 Utilities Rent Supplies 4,580 6,000 5,000 24,000 6,820 10,000 9,020 Requirements: 1. Prepare the Income Statement using all the information above for La Tan Ungan Co. and Keye Tod Ay Co. 2. All of the Company are ended on December 31.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter2: Financial Statements And The Annual Report

Section: Chapter Questions

Problem 2.1AP

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