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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please make the

Transcribed Image Text:Trial Balance
July 31,2012
Particulars
Debit
Credit
Cash
7,500.00
|Account receivable
38,400.00
Prepaid insurance
7,200.00
Supplies
1,980.00
Land
112,500.00
Building
Accumulated depreciation-Bldg
200,250.00
137,550.00
Equipment
135,300.00
Accumulated depreciation-Equipment
Account payable
97,950.00
12,150.00
Unearned rent
6,750.00
M. C. Guevarra, Capital
M.C. Guevarra, Drawing
Fees earned
221,000.00
15,000.00
324,600.00
| Salaries and Wages
Utilities expense
Advertising expense
Repairs expense
Miscellaneous expense
193,370.00
42,375.00
22,800.00
17,250.00
6,075.00
800,000.00
800,000.00
Data needed to determine the year-end adjustments are as follows:
a. Unexpired insurance at July 31, P4,800.00.
| b. Supplies on hand at July 31, P600.00
c. Depreciation of building for the year, P3,100.00
d. Depreciation of equipment for the year, P2,700.00
e. Rent unearned at July 31, P1,750.00
f. Accrued salaries and wages at July 31, P3,000.00
|g. Fees earned but unbilled on July 31, P10,750.00
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