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Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters Sta. Rosa San Pablo Lipa Income statement Revenues Php 110,000 Php Php 24,000 520,000 Expenses Profit a m Php b. Php h Php 8,000 Satement of Change s in Owner's Equity Beginning balance Php 290,000 Php 2,440,000 Php 34,000 Profit 160,000 Less: withdrawals 20,000 Ending Balance Php 300,000 Php Php Balance Sheet Total Assets Php 3,100,000.00 Php Liabilities Php 160,000 Php 500,000 Php Owner's Equity Owner's Capital 38,000 38,000 Total Liabilities & Owner's Equity Php Php Php

Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters Sta. Rosa San Pablo Lipa Income statement Revenues Php 110,000 Php Php 24,000 520,000 Expenses Profit a m Php b. Php h Php 8,000 Satement of Change s in Owner's Equity Beginning balance Php 290,000 Php 2,440,000 Php 34,000 Profit 160,000 Less: withdrawals 20,000 Ending Balance Php 300,000 Php Php Balance Sheet Total Assets Php 3,100,000.00 Php Liabilities Php 160,000 Php 500,000 Php Owner's Equity Owner's Capital 38,000 38,000 Total Liabilities & Owner's Equity Php Php Php

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter2: Analyzing Transactions: The Accounting Equation
Section: Chapter Questions
Problem 5SEB: FINANCIAL STATEMENT ACCOUNTS Label each of the following accounts as an asset (A), liability (L),...
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Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters.

TEST I. Integration of Financial Statements Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters Sta. Rosa San Pablo Lipa Income statement Revenues Php 110,000 Php Php 24,000 Expenses Profit a 520,000 Php Php Php 8,000 Satement of Change s in Owner's Equity Beginning balance Php 290,000 Php 2,440, 000 Php 34,000 Profit 160,000 Less: withdrawals 20,000 300,000 Ending Balance Php Php Php Balance Sheet Total Assets Php 3,100,000.00 Php Liabilities Php 160,000 Php 500,000 Php Owner's Equity Owner's Capital Total Liabilities & Owner's Equity Php 38,000 38,000 Php Php
Transcribed Image Text:TEST I. Integration of Financial Statements Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters Sta. Rosa San Pablo Lipa Income statement Revenues Php 110,000 Php Php 24,000 Expenses Profit a 520,000 Php Php Php 8,000 Satement of Change s in Owner's Equity Beginning balance Php 290,000 Php 2,440, 000 Php 34,000 Profit 160,000 Less: withdrawals 20,000 300,000 Ending Balance Php Php Php Balance Sheet Total Assets Php 3,100,000.00 Php Liabilities Php 160,000 Php 500,000 Php Owner's Equity Owner's Capital Total Liabilities & Owner's Equity Php 38,000 38,000 Php Php
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