ANDRE CATAPANG, CHARTERED PROFESSIONAL ACCOUNTANT AssetsLiabilities+Owner's Equity Trans:Cash +Supplies +Equipment=Notes Payable +Accounts Payable+Revenues -Expenses Balance$3,000$1,200$600$5,900$3,400$7,300 1900(900) 2(2,500)(2,500) 33,0005,5008,500 4(500)1,200700 5(1,500)(1,500) (750)(750) (200)200 (250)(250) 6(1,200)(1,200) 73,0003,000 8250(250) 9(300)(300) Total$3,000$5,800$500$7,100$3,000$1,850$7,300$1,200$8,500$3,050 16,400 =1,640 AccountsReceivable +A. Catapang,Capital -A. Catapang, Drawings +
FileName: 226507276c76c7f43cd257d7a6620e6dab7f88ac.xls, Tab: Income Statement, Page 2 of 5, 04/03/2023, 14:39:26B ANDRE CATAPANG, CHARTERED PROFESSIONAL ACCOUNTANT Income Statement _____________________________________ Revenues: Service revenue$8,500 Expenses: Advertising expense250 Rent expense750 Salaries expense1,500 Supplies expense300 Utilities expense250 Total expenses3,050 Profit for the month$5,450
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