Question: pls help me to answer them all correctly for an upvote and positive ratings. thank u PLs i need the correct answer Note: Some tutors
pls help me to answer them all correctly for an upvote and positive ratings. thank u
PLs i need the correct answer
Note: Some tutors gave the incorrect and unfinished answers, i will report those. pls complete it. im having a hard time now. pls maam/sir
ACTIVITIES. pls do it right plssss?
ACTIVITY 11.1 Given is the adjusted trial balance of Mapagkakatiwalaan Services. Prepare the (1) Statement of Comprehensive Income, (2) Statement of Changes in Equity, and (3) Statement of Financial Position. Mapagkakatiwalaan Services Adjusted Trial Balance December 31, 2019 Debit Credit 101 Cash P1 10,000 102 Accounts Receivable 5,000 103 Supplies 10,000 201 Accounts Payable P25,000 202 Notes Payable 10,000 301 Mapagkakatiwalaan, Capital 74,500 302 Mapackkatiwalaan, Drawings 20,000 401 Service Revenue 50,000 501 Salaries Expense 9,000 502 Utilities Expense 2,000 503 Supplies Expense 3,000 504 Other Expenses 500 Total P159,500 P159,50015 ACTIVITY 11.2 Given is the adjusted trial balance of Masipag Laundry Services for the year ended December 31, 2019. Prepare the closing entries and post-closing trial balance. Masipag Services Adjusted Trial Balance December 31, 2019 Debit Credit 101 Cash P90,000 102 Accounts Receivable 10.000 103 Supplies 5,000 201 Accounts Payable P 5,000 202 Notes Payable 6,000 301 Masipag, Capital 90.000 302 Masipag, Drawings 10,000 401 Service Revenue 60.000 501 Salaries Expense 25,000 502 Utilities Expense 10.000 503 Supplies Expense 10,000 504 Other Expenses 1,000 Total P161,000 P161,000