An inventory of cleaning suppliesshowed P12,440 on hand. AssetMethod - Amount:The trial balance for Ariel Certified Cleaners appears as follows:Ariel Certified CleanersTrial BalanceSept. 30, 2015DebitCreditCashB117,880Accounts Receivable264,940Prepaid Insurance34,000Cleaning Supplies73,740Land180.000BuildingAccumulated Depreciation - Building1,850,000B456,000Accounts Payable204,000Unearned Cleaning Revenues16,000Mortgage PayableAriel, Capital1,100,000565,600Ariel, Withdrawals100,000Cleaning RevenuesSalaries Expense1,576,3401,013,300Cleaning Equipment Rental Expense60,000Delivery Truck Expense43,740Interest Expense110,000Other Expense70,340Total :P3,917,940P3,917,940Your answer Salaries are paid on Saturdays. Theweekly payroll is P25,200. Assumethat Sept. 30 falls on a Thursday andthe entity has a six-day pay week.Amount:The trial balance for Ariel Certified Cleaners appears as follows:Ariel Certified CleanersTrial BalanceSept. 30, 2015DebitCreditCash9117,880Accounts Receivable264,940Prepaid Insurance34,000Cleaning Supplies73,740Land180,000Building1,850,000Accumulated Depreciation - Building9456,000Accounts Payable204,000Unearned Cleaning Revenues16,000Mortgage PayableAriel, Capital1,100,000565,600Ariel, Withdrawals100,000Cleaning RevenuesSalaries Expense1,576,3401,013,300Cleaning Equipment Rental Expense60,000Delivery Truck ExpenseInterest Expense43,740110,000Other Expense70,340Total :P3,917,940P3,917,940

The revenue and expenses are recorded on the basis of amount recognised or not for the period.

An inventory of cleaning supplies showed P12,440 on hand. Asset Method - Amount: The trial balance for Ariel Certified Cleaners appears as follows: Ariel Certified Cleaners Trial Balance Sept. 30, 2015 Debit Credit Cash B117,880 Accounts Receivable 264,940 Prepaid Insurance 34,000 Cleaning Supplies Land 73,740 180,000 Building 1,850,000 Accumulated Depreciation - Building 9456,000 Accounts Payable 204,000 Unearned Cleaning Revenues 16,000 Mortgage Payable Ariel, Capital 1,100,000 565,600 Ariel, Withdrawals 100,000 Cleaning Revenues 1,576,340 Salaries Expense 1,013,300 Cleaning Equipment Rental Expense 60,000 Delivery Truck Expense 43,740 Interest Expense 110,000 Other Expense 70.340 Total : P3,917,940 P3,917,940

An inventory of cleaning supplies showed P12,440 on hand. Asset Method - Amount: The trial balance for Ariel Certified Cleaners appears as follows: Ariel Certified Cleaners Trial Balance Sept. 30, 2015 Debit Credit Cash B117,880 Accounts Receivable 264,940 Prepaid Insurance 34,000 Cleaning Supplies Land 73,740 180,000 Building 1,850,000 Accumulated Depreciation - Building 9456,000 Accounts Payable 204,000 Unearned Cleaning Revenues 16,000 Mortgage Payable Ariel, Capital 1,100,000 565,600 Ariel, Withdrawals 100,000 Cleaning Revenues 1,576,340 Salaries Expense 1,013,300 Cleaning Equipment Rental Expense 60,000 Delivery Truck Expense 43,740 Interest Expense 110,000 Other Expense 70.340 Total : P3,917,940 P3,917,940

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 4CE

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