Solution-What is the balance of the accumulated surplus

What is the balance of the accumulated surplus

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Reference no: EM132980576

Question - The following accounts with their corresponding balances before closing were taken from the accounting records of Bureau BCF on December 31, 2020:

Security Services 9,000

Water Expenses 5,500

Office supplies Expenses 12,500

Traveling Expenses- Foreign 27,500

Traveling Expenses -Local 5,000

Personnel Economic Relief Allowance 7,750

Salaries and Wages-Regular 82,750

Accumulate Surplus (Deficit), Beginning 125,000

Subsidy from National Government 250,325

Cash-Treasury/Agency Deposit Regular 375,000

Travel Tax 32,500

Immigration Tax 62,500

Permit fees 75,000

Registration Fees 7,500

Other Business Income 25,000

What is the balance of the Accumulated Surplus (Deficit), End to be resented in the Statement of Financial Position as of December 31, 1020?

Reference no: EM132980576

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What is the balance of the accumulated surplus

Reference no: EM132980576

Reference no: EM132980576

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