1. Below are selected accounts that SamSan Tech Repairs reported in its August 31, 2020 financial...
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1. Below are selected accounts that SamSan Tech Repairs reported in its August 31, 2020 financial statements: P 4,950 Nam Dosan, Capital, Aug 31 Service Revenue Unearned revenue Salaries expense Accumulated depreciation Supplies expense Interest revenue P102,600 Interest expense 203,625 Accounts receivable 3,038 Salaries payable 34,875 Depreciation expense 98,750 Rent expense 3,150 8,575 Nam Dosan, drawing 58,500 1,912 22,950 13,275 90,000 2,475 Supplies A. Prepare the Income Statement for the month ended August 31, 2020 using the single-step format B. Prepare the Capital Statement for the month ended August 31, 2020. 1. Below are selected accounts that SamSan Tech Repairs reported in its August 31, 2020 financial statements: P 4,950 Nam Dosan, Capital, Aug 31 Service Revenue Unearned revenue Salaries expense Accumulated depreciation Supplies expense Interest revenue P102,600 Interest expense 203,625 Accounts receivable 3,038 Salaries payable 34,875 Depreciation expense 98,750 Rent expense 3,150 8,575 Nam Dosan, drawing 58,500 1,912 22,950 13,275 90,000 2,475 Supplies A. Prepare the Income Statement for the month ended August 31, 2020 using the single-step format B. Prepare the Capital Statement for the month ended August 31, 2020.
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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