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6. Below is a trial balance as of 30 September 2018 prepared by Mr. Santos, a business consultant. Based on it, prepare the SFP in
6. Below is a trial balance as of 30 September 2018 prepared by Mr. Santos, a business consultant. Based on it, prepare the SFP in report form. Credit (P) Debit (P) 52 100.00 13 000.00 3 000.00 36 000.00 28 000.00 Accounts Cash Accounts Receivable Office Supplies Office Furniture and Fixtures Office Equipment Accounts Payable Owner's Contributions Notes Payable Supplies Expense Owner's Cash Drawing Consulting Fees Earned Rent Expense Salaries Expense Telephone Expense Miscellaneous Expense Depreciation Expense Interest Income Total 7 500.00 74 000.00 50 000.00 1 250.00 3 360.00 15 000.00 2 550.00 6 000.00 660.00 680.00 900.00 1 000.00 147 50000 147 500.00 Hint: Get the net debit or credit from the account Consulting Fees Earned to the account Interest Income. If the net balance is a debit, deduct it from the Owner's Contributions account. If the net balance is a credit, add it to the Owner's Contributions account
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