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Warren Mendoza, owner and proprietor of WEM Business Enterprise, had the following account balances on December 31, 2018. Cash P 7,005 125,000 Mortgage Payable Maintenance
Warren Mendoza, owner and proprietor of WEM Business Enterprise, had the following account balances on December 31, 2018. Cash P 7,005 125,000 Mortgage Payable Maintenance and Repair Tools 30,000 14,500 Warren Mendoza, Capital 465,975 Superintendence Expense 12,000 Taxes Expense 12,000 Salaries 7,000 Supplies Used 5,340 Equipment 1,000 Rents Earned 95,920 Furniture 85,420 Utilities Expense 13,390 Building 450,000 Advertisements 2,310 General Expense 2,255 Garbage Expense 675 Insurance Expense 3,000 Accounts Payable 8,000 Land 50,000 Notes Payable 5,000 Interest Expense 4,000 Required: Based from the given balance sheet and income statement, compute for: Total revenue Total expenses Total assets Total liabilities Total proprietorship
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