Solution-What is the balance of the accumulated surplus

What is the balance of the accumulated surplus

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Reference no: EM132899956

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

Problem 1: 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: EM132899956

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What is the balance of the accumulated surplus

Reference no: EM132899956

Reference no: EM132899956

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