Hi pls, make an income statement (ignore taxes), statement of retained earnings, and ending balance sheet. Trial balances (amount in Php) Particulars Debit amount Credit amount Accounts payable Accounts receivable Share capital, common stock Cash Notes payable Property, plant and equipment Accumulated depreciation Allowances for doubtful debts Inventories Prepaid expense Goodwill Estimated tax liability Marketable securities Accrued expense Patents and trademarks Bonds payable Investments Deferred revenue Other liabilities(long term) Retained earnings - 4325 - 11660 - 6200 - - 1750 1250 100 - 1750 - 500 - 1500 - - - 1965 - 9990 - 800 - 3100 540 - - - 750 - 1000 - 2000 - 1650 1000 6240

Hi pls, make an income statement (ignore taxes), statement of retained earnings, and ending balance sheet. Trial balances (amount in Php) Particulars Debit amount Credit amount Accounts payable Accounts receivable Share capital, common stock Cash Notes payable Property, plant and equipment Accumulated depreciation Allowances for doubtful debts Inventories Prepaid expense Goodwill Estimated tax liability Marketable securities Accrued expense Patents and trademarks Bonds payable Investments Deferred revenue Other liabilities(long term) Retained earnings - 4325 - 11660 - 6200 - - 1750 1250 100 - 1750 - 500 - 1500 - - - 1965 - 9990 - 800 - 3100 540 - - - 750 - 1000 - 2000 - 1650 1000 6240

Name: Hi pls, make an income statement (ignore taxes), statement of retained
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Description: Hi pls, make an income statement (ignore taxes), statement of retained earnings, and ending balance sheet.Trial balances (amount in Php)ParticularsDebit amountCredit amountAccounts payableAccounts receivableShare capital, common stockCashNotes payabl

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 1PB: Identify whether each of the following accounts would be considered a permanent account (yes/no) and...

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

Hi pls, make an income statement (ignore taxes), statement of retained earnings, and ending balance sheet.

Trial balances (amount in Php)

Particulars

Debit amount

Credit amount

Accounts payable

Accounts receivable

Share capital, common stock

Cash

Notes payable

Property, plant and equipment

Accumulated depreciation

Allowances for doubtful debts

Inventories

Prepaid expense

Goodwill

Estimated tax liability

Marketable securities

Accrued expense

Patents and trademarks

Bonds payable

Investments

Deferred revenue

Other liabilities(long term)

Retained earnings

4325

11660

6200

1750

1250

100

1750

500

1500

1965

9990

800

3100

540

750

1000

2000

1650

1000

6240

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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