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Show the updated balance after adjusting entries

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Reference no: EM133000765

Problem 1: Adjusted Trial balance is prepared to show the updated balance after adjusting entries have been made. If the adjusted balance shows the revenue of P875,000.00, salaries expense of P103,000.00, utilities expense of P43,000.00, depreciation and miscellaneous expense of P7,500.00 and P2,300.00 therefore the Net Income/Net Loss is P791,200.00.

Reference no: EM133000765

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