1.

Temporary
2. Income and Expenses
3. Statement of Comprehensive Income
4. Expenses
5. Income
6. Single-Step Approach
7. Comprehensive Income
8. Net Income
9. Net Loss
10. Heading

1. Php 400.00
2. Php 5,000.00
3. Php 5,000.00
4. Php 20,000.00
5. Php 50,000.00

1. Comprehensive Income
2. Single-Step Approach
3. Income
4. Net Loss
5. Revenues
6. Comprehensive Income
7. Single Proprietorship
8. Merchandising
9. Salaries Expense
10. Utilities Expense

1. True
2. False
3. True
4. True
5. True
6. True
7. True
8. False
9. True
10. True

1. Php 35,000.00
2. Php 25,000.00
3. Php 47,000.00
4. Php 20,000.00
5. (Php 40,000.00)
 1. NA
2. NA
3.
4.
5.
6.
7.
8.
9. NA
10.
POSTTEST
1. Talimongan I.T Services and Solutions
Statement of Comprehensive Income
For the period ended March 31,2020

Service Revenue Php 95,000.00

Rent Expense Php 20,000.00

Salaries Expense 5,000.00
Utilities Expense 3,000.00
Transportation Expense 15,000.00 (Php43,000.00)
______________
Net Income Php 52,000.00
Comprehensive Income 8,000.00
______________
Net Comprehensive Php. 60,000.00
_____________

2.
Talimongan I.T Services and Solutions
Statement of Comprehensive Income
For the period ended March 31,2020

Service Revenue Php 40,000.00

Rent Expense Php 10,000.00

Salaries Expense 25,000.00
Utilities Expense 5,000.00
Transportation Expense 1,000.00 (Php 41,000.00)
______________
Net Loss (Php 1,000.00)
_____________