UNADJUSTED TRIAL BALANCE: Cash ₱179,670.12 Accounts receivable 37,000.00 Tools 12,368.50 Furniture & Fixtures 15,530.00 Office equipment 24,000.00 Repair equipment 57,000.00 Notes payable ₱3,000.00 Accounts payable 49,367.80 Loans Payable 80,000.00 D. Maputin, Capital 152,368.50 D. Maputin,Withdrawals 5,000.00 Repair income 120,370.25 Rental income 2,500.00 Salaries expense 50,328.00 Rent expense 3,800.00 Supplies expense 2,367.80 Light and water expense 9,634.88 Gas and oil expense 3,000.00 Communication expense 2,156.75 Taxes and licenses expense 1,250.50 Advertising expense 4,500.00 Totals ₱407,606.55 ₱407,606.55 The following adjustments to be made on December 31, 200C 1. Unused supplies, Php 367.80 2. One half of the advertising expense is still prepaid 3. Unpaid water, bill Php 995.12 4.Uncollected rental income, Php 2,500 5. Accrued interest on the note payable, Php 20 6. Php 5,000 of the repair income is collected in advance and not yet earned 7. The fixed assets are to be depreciated as follows: Furniture & Fixtures - Php 1,553 Office Equipment 1,200 Repair Equipment 2,350 *REQUIRED: WORKSHEET
UNADJUSTED TRIAL BALANCE: Cash ₱179,670.12 Accounts receivable 37,000.00 Tools 12,368.50 Furniture & Fixtures 15,530.00 Office equipment 24,000.00 Repair equipment 57,000.00 Notes payable ₱3,000.00 Accounts payable 49,367.80 Loans Payable 80,000.00 D. Maputin, Capital 152,368.50 D. Maputin,Withdrawals 5,000.00 Repair income 120,370.25 Rental income 2,500.00 Salaries expense 50,328.00 Rent expense 3,800.00 Supplies expense 2,367.80 Light and water expense 9,634.88 Gas and oil expense 3,000.00 Communication expense 2,156.75 Taxes and licenses expense 1,250.50 Advertising expense 4,500.00 Totals ₱407,606.55 ₱407,606.55 The following adjustments to be made on December 31, 200C 1. Unused supplies, Php 367.80 2. One half of the advertising expense is still prepaid 3. Unpaid water, bill Php 995.12 4.Uncollected rental income, Php 2,500 5. Accrued interest on the note payable, Php 20 6. Php 5,000 of the repair income is collected in advance and not yet earned 7. The fixed assets are to be depreciated as follows: Furniture & Fixtures - Php 1,553 Office Equipment 1,200 Repair Equipment 2,350 *REQUIRED: WORKSHEET
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
UNADJUSTED
Cash | ₱179,670.12 | |
Accounts receivable | 37,000.00 | |
Tools | 12,368.50 | |
Furniture & Fixtures | 15,530.00 | |
Office equipment | 24,000.00 | |
Repair equipment | 57,000.00 | |
Notes payable | ₱3,000.00 | |
Accounts payable | 49,367.80 | |
Loans Payable | 80,000.00 | |
D. Maputin, Capital | 152,368.50 | |
D. Maputin,Withdrawals | 5,000.00 | |
Repair income | 120,370.25 | |
Rental income | 2,500.00 | |
Salaries expense | 50,328.00 | |
Rent expense | 3,800.00 | |
Supplies expense | 2,367.80 | |
Light and water expense | 9,634.88 | |
Gas and oil expense | 3,000.00 | |
Communication expense | 2,156.75 | |
Taxes and licenses expense | 1,250.50 | |
Advertising expense | 4,500.00 | |
Totals | ₱407,606.55 | ₱407,606.55 |
The following adjustments to be made on December 31, 200C
1. Unused supplies, Php 367.80
2. One half of the advertising expense is still prepaid
3. Unpaid water, bill Php 995.12
4.Uncollected rental income, Php 2,500
5. Accrued interest on the note payable, Php 20
6. Php 5,000 of the repair income is collected in advance and not yet earned
7. The fixed assets are to be
*REQUIRED: WORKSHEET
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education