Below are accounts for Alex Bern Spa, a service business, for the yearended, December 31, 2019. Prepare a single-step Statement ofComprehensive Income with Notes.Depreciation Expense - Building.Depreciation Expense - EquipmentDividends Income.P15,000..5,00015,00010,000Gain on Sale of Equipment.Insurance Expense.Interest Expense - LoanInterest Expense – Mortgage.Interest Income.....2,000Loss on Sale of Furniture.Rent Expense.Rent Income.Salaries ExpenseService Revenue...1,0003,0006,000.5,00085,00030,000155,000454,000Supplies Expense..5,000

Single step statement of comprehensive income shows all incomes and all expenses of the business and…

Below are accounts for Alex Bern Spa, a service business, for the ended, December 31, 2019. Prepare a single-step Statement of Comprehensive Income with Notes. year Depreciation Expense - Building. Depreciation Expense - Equipment Dividends Income P15,000 .5,000 15,000 10,000 ..2,000 .1,000 .3,000 ..6,000 .5,000 85,000 30,000 .155,000 454,000 .5,000 Gain on Sale of Equipment Insurance Expense. Interest Expense - Loan. Interest Expense – Mortgage. Interest Income, Loss on Sale of Furniture. Rent Expense. Rent Income. Salaries Expense Service Revenue. Supplies Expense

Below are accounts for Alex Bern Spa, a service business, for the ended, December 31, 2019. Prepare a single-step Statement of Comprehensive Income with Notes. year Depreciation Expense - Building. Depreciation Expense - Equipment Dividends Income P15,000 .5,000 15,000 10,000 ..2,000 .1,000 .3,000 ..6,000 .5,000 85,000 30,000 .155,000 454,000 .5,000 Gain on Sale of Equipment Insurance Expense. Interest Expense - Loan. Interest Expense – Mortgage. Interest Income, Loss on Sale of Furniture. Rent Expense. Rent Income. Salaries Expense Service Revenue. Supplies Expense

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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