P1,020,000 1,000 120,000 Cash in Bank Petty Cash Fund Accounts Receivable Est. Uncollectible Account Unused Supplies Prepaid Insurance Prepaid Rent Delivery Truck Acc. Depreciation-Delivery Truck Accounts Payable P. Cajegas, Capital P. Cajegas, Drawing Trucking Income Taxes & Licenses P 1,200 15,000 8,500 30,000 1,500,000 250,000 130,000 1,818,500 50,000 935,000 10,000 27,000 25,000 320,000 8,200 P 3,134,700 Repairs & Maintenance Retainer Fees Salaries & Wages Utilities Expense Total P 3,134,700 Additional Information 1. Provision for Uncollectible Account should be at 2% of the outstand receivable account. 2. Supplies actually on hand, P5,000. 3. Of the Prepaid Insurance, P6,200 has actually expired. 4. P18,000 of the prepaid rental has expired. 5. Depreciation expense for the period is P105,000.

Mr. X was an employee with the following information from his employment in 2020. Salaries and wages - $27,000 RRSP contribution in 2020 - $5,500 Membership dues paid by Mr. X - $500   Calculate Mr. X's the net employment income for 2020?   Question 7 options:   a)  $21,500   b)  $27,500   c)  $21,000   d)  $27,000

What account type are included in a post-closing trial balance

Closing entries should be documented for two reasons. What or who are they, exactly?