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PROBLEM C At the end of March 2021, the first month of operations, the following selected unadjusted data were taken from the financial records
PROBLEM C At the end of March 2021, the first month of operations, the following selected unadjusted data were taken from the financial records of Dal-Mi Business: Total assets P85,000 Initial capital P32,500 Total expenses P44,700 Net income P23,400 In preparing the financial statements, the following adjustments were overlooked: Store supplies consumed during the month, P3,500 . Unbilled sales as of March 28, P18,200 Depreciation of store equipment for the month, P9,450 Expired insurance for the month, P6,500 Accrued salaries for this month, P13,400 Accrued interest on notes issued, P1,050 Question 37 The adjusted total assets as of March 31, 2021 amounted to PBlank 1. Blank 1 Add your answer Question 38 The adjusted total assets as of March 31, 2021 amounted to PBlank 1. Blank 1 Add your answer 2 Points 2 Points
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