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HELP ME PLS (3) 11 Determine the net income (loss) of Mr. Michael. D Mr. Pina Salamatan, opened his PS Travel agency on January 1,

HELP ME PLS (3)

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11 Determine the net income (loss) of Mr. Michael. D Mr. Pina Salamatan, opened his PS Travel agency on January 1, 2019. His records showed the following ledger balances on December 31, 2019. In Php Debit Credit Accounts Payable 9.250 Accounts receivable 2,600 Cash 3,700 Travel services fees earned 34,100 Supplies used 400 Electricity expenses 800 Gas and water expenses 200 Miscellaneous expenses 400 rent expenses 3,680 salary expenses 10.5GO telephone expenses 240 office equipment 20,700 Salamatan, Capital 10,000 Salamatan, Withdrawal 1,450 Notes Payable 1,GGO Total 43.830 55,710 The following errors were discovered: a. Collected and recorded an account of a customer for P500 but was posted to the accounts receivable ledger as P5,000 b. A note payable for an office equipment bought for P2.500 was not posted to the ledger c. Telephone expenses recorded at P500 was not posted to the ledger d. A debit to Salamatan, Withdrawal for P1,750 was debited to the capital account. e. Travel service fees earned of P500 was posted twice f. Footing for cash on the debit side was understated by P450 R. Accounts payable paid amounting to P4.065 was posted on the credit side h. Supplies used was copied in the trial balance on the credit side

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