STATEMENT OF

COMPREHENSIVE
INCOME (SCI)
PROBLEM #3 THE FOLLOWING ARE THE
ACCOUNTS OF MARIES MERCHANDISING FOR
JULY 31, 2016
• SALES P1,000,000
• SALARIES EXPENSE P20,000
• SUPPLIES EXPENSE P30,000
• DEPRECIATION EXPENSE P24,000 20% SALES
• UTILITIES EXPENSE P16,000 80% ADMINISTRATIVE

• INSURANCE EXPENSE P8,000

• RENT EXPENSE P36,000
• BEGINNING ILNVENTORY P12,500
• PURCHASES P375,000
• ENDING INVENTORY P25,000
• SALES DISCOUNT P1250
PROBLEM #4 THE FOLLOWING ARE THE
ACCOUNTS OF REGINA MERCHANDISING FOR
JULY 31, 2016
• SALES P2,500,000
• SALARIES EXPENSE P50,000
• SUPPLIES EXPENSE P75,000
• DEPRECIATION EXPENSE P60,000 25% SALES
• UTILITIES EXPENSE P42,000 75% ADMINISTRATIVE

• INSURANCE EXPENSE P28,000

• RENT EXPENSE P46,000
• BEGINNING ILNVENTORY 50,500
• PURCHASES P1,375,000
• ENDING INVENTORY P125,000
• SALES DISCOUNT P8250