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  • Howard Cullug BES Summative 4

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    Howard Cullug
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    The document provides accounting information for Honda Massage and Spa Services for January to March 2020. It includes a statement of profit and loss showing total revenue of ₱120,000, total expenses of ₱142,000, and a net loss of ₱22,000 as reported by the bookkeeper. The statement lists revenue from sales and various operating expenses including supplies, rent, salaries, and utilities.

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    The document provides accounting information for Honda Massage and Spa Services for January to March 2020. It includes a statement of profit and loss showing total revenue of ₱120,000, total expenses of ₱142,000, and a net loss of ₱22,000 as reported by the bookkeeper. The statement lists revenue from sales and various operating expenses including supplies, rent, salaries, and utilities.

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    © All Rights Reserved
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    3 views2 pages

    Howard Cullug BES Summative 4

    Uploaded by

    Howard Cullug
    The document provides accounting information for Honda Massage and Spa Services for January to March 2020. It includes a statement of profit and loss showing total revenue of ₱120,000, total expenses of ₱142,000, and a net loss of ₱22,000 as reported by the bookkeeper. The statement lists revenue from sales and various operating expenses including supplies, rent, salaries, and utilities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Howard V.

    Cullug XII-Anderson
    Mrs. Joy Dagon-ay June 30, 2021

    1. C
    2. A
    3. C
    4. C
    5. B
    6. B
    7. D
    8. C
    9. C
    10. D

    Items 11-20
    Mr. Jarra Nindot, the bookkeeper of Honda Massage and Spa Services reported the
    following data for the month of January to March 2020.
    How much is the net profit or net loss? – 22,000.00
    Required:
    Prepare a Statement of Profit and Loss using single-step method.

    HONDA MASSAGE AND SPA SERVICES


    Statement of Profit and Loss
    For the month of January to March 2020

    Revenue
    Sales ₱ 120,000.00
    Less: Sales Discount -
    Total Revenue 120,000.00
    Expenses
    Water Expenses 4,000.00
    Soap expenses 7,500.00
    Massage oil expenses 15,000.00
    Light & power expenses 12,000.00
    Rent of the Massage parlor 24,000.00
    Salary staff (4 massage workers) 72,000.00
    Telephone expenses 7,500.00
    Total Expenses 142,000.00
    Howard V. Cullug XII-Anderson
    Mrs. Joy Dagon-ay June 30, 2021

    Net loss -₱ 22,000.00

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