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  • Assets Cash Office Supplies Land

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    Stephen
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    This document shows the assets, liabilities, owner's equity, revenues, and expenses of a business. The assets include cash, accounts receivable, office supplies, land, and office equipment. The liabilities include accounts payable. The owner's equity includes investments and withdrawals. Revenues come from consulting fees earned, while expenses include rent, salaries, telephone, miscellaneous. After subtracting total expenses from total revenues, there is a net income of ₱5,110.

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    yeh

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    Problem 1 14

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    This document shows the assets, liabilities, owner's equity, revenues, and expenses of a business. The assets include cash, accounts receivable, office supplies, land, and office equipment. The liabilities include accounts payable. The owner's equity includes investments and withdrawals. Revenues come from consulting fees earned, while expenses include rent, salaries, telephone, miscellaneous. After subtracting total expenses from total revenues, there is a net income of ₱5,110.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    17 views3 pages

    Assets Cash Office Supplies Land

    Uploaded by

    Stephen
    This document shows the assets, liabilities, owner's equity, revenues, and expenses of a business. The assets include cash, accounts receivable, office supplies, land, and office equipment. The liabilities include accounts payable. The owner's equity includes investments and withdrawals. Revenues come from consulting fees earned, while expenses include rent, salaries, telephone, miscellaneous. After subtracting total expenses from total revenues, there is a net income of ₱5,110.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 3

    ASSETS

    Cash + Accounts Receivable + Office Supplies + Land +


    ₱ 2,000.00 ₱ 13,000.00 ₱ 4,250.00 ₱ 36,000.00

    Revenues
    Consulting fees earned

    Expenses
    Rent ₱ 2,550.00
    Salaries ₱ 6,000.00
    Telephone ₱ 660.00
    Miscellaneous ₱ 680.00
    LIABILITIES OWNER'S EQUITY
    Office Equipment + Accounts Payable + Investments - Withdrawals + Revenues -
    ₱ 28,000.00 ₱ 7,500.00 ₱ 74,000.00 -₱ 3,360.00 ₱ 15,000.00

    ₱ 15,000.00

    -₱ 9,890.00
    ₱ 5,110.00
    Expenses
    -₱ 9,890.00

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