Question
The ledger at year end of Wonderland Company showed the following information: Service Income P 605,750 Salaries expense 492,000 Rent expense 95,700 Accrued interest expense
The ledger at year end of Wonderland Company showed the following information:
| Service Income | P 605,750 |
| Salaries expense | 492,000 |
| Rent expense | 95,700 |
| Accrued interest expense | 10,000 |
| Miscellaneous expense | 20,250 |
How much is the result of the business operation during the year?
Write negative sign (-) if result of business operation is a net loss.
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
