Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters Sta. Rosa San Pablo Lipa Income statement Revenues Php 110,000 Php Php 24,000 520,000 Expenses Profit a m Php b. Php h Php 8,000 Satement of Change s in Owner's Equity Beginning balance Php 290,000 Php 2,440,000 Php 34,000 Profit 160,000 Less: withdrawals 20,000 Ending Balance Php 300,000 Php Php Balance Sheet Total Assets Php 3,100,000.00 Php Liabilities Php 160,000 Php 500,000 Php Owner's Equity Owner's Capital 38,000 38,000 Total Liabilities & Owner's Equity Php Php Php
Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters Sta. Rosa San Pablo Lipa Income statement Revenues Php 110,000 Php Php 24,000 520,000 Expenses Profit a m Php b. Php h Php 8,000 Satement of Change s in Owner's Equity Beginning balance Php 290,000 Php 2,440,000 Php 34,000 Profit 160,000 Less: withdrawals 20,000 Ending Balance Php 300,000 Php Php Balance Sheet Total Assets Php 3,100,000.00 Php Liabilities Php 160,000 Php 500,000 Php Owner's Equity Owner's Capital 38,000 38,000 Total Liabilities & Owner's Equity Php Php Php
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter2: Analyzing Transactions: The Accounting Equation
Section: Chapter Questions
Problem 5SEA: FINANCIAL STATEMENT ACCOUNTS Label each of the following accounts as an asset (A), liability (L),...
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Below are the three independent sets of financial statements with several amounts missing. Complete each set of Financial Statement by finding the missing amounts corresponding to the letters.
![TEST I. Integration of Financial Statements
Below are the three independent sets of financial statements with several amounts
missing. Complete each set of Financial Statement by finding the missing amounts
corresponding to the letters
Sta. Rosa
San Pablo
Lipa
Income statement
Revenues
Php
110,000
Php
Php
24,000
Expenses
Profit
a
520,000
Php
Php
Php
8,000
Satement of Change s in Owner's Equity
Beginning balance
Php
290,000
Php
2,440, 000
Php
34,000
Profit
160,000
Less: withdrawals
20,000
300,000
Ending Balance
Php
Php
Php
Balance Sheet
Total Assets
Php 3,100,000.00
Php
Liabilities
Php
160,000
Php
500,000
Php
Owner's Equity
Owner's Capital
Total Liabilities & Owner's Equity Php
38,000
38,000
Php
Php](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb8906d48-448b-411d-9522-c13f5e4743ee%2F9855aea7-ca8a-4e19-89ab-07db76e3aff7%2Fc3tv3x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:TEST I. Integration of Financial Statements
Below are the three independent sets of financial statements with several amounts
missing. Complete each set of Financial Statement by finding the missing amounts
corresponding to the letters
Sta. Rosa
San Pablo
Lipa
Income statement
Revenues
Php
110,000
Php
Php
24,000
Expenses
Profit
a
520,000
Php
Php
Php
8,000
Satement of Change s in Owner's Equity
Beginning balance
Php
290,000
Php
2,440, 000
Php
34,000
Profit
160,000
Less: withdrawals
20,000
300,000
Ending Balance
Php
Php
Php
Balance Sheet
Total Assets
Php 3,100,000.00
Php
Liabilities
Php
160,000
Php
500,000
Php
Owner's Equity
Owner's Capital
Total Liabilities & Owner's Equity Php
38,000
38,000
Php
Php
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