The ledger at year end of Wonderland Company showed the following information: ...

60.1K

Verified Solution

Question

Accounting

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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students