FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Prepare trial balance

The Carreon Dental Clinic in Lawaan, Dapitan City started operation in business and made various transactions. At the end of 6 months operation, ending on June 30, 2016, the following balances were found on the books of the business. Please arrange the accounts and their balances and place them in the appropriate column and prepare a trial balance for Dr. Ed Carreon on June 30, 2016, using the data below. 

 

Pag-IBIG Contribution 3,500.00
Cash in Bank 172,000.00
Petty Cash Fund 2,000.00
Dental Fees Income 112,000.00
SSS Premium Payable 6800.00
Prepaid Rent 12000.00
Dental Equipment 200000.00
Building 200,000.00
Furniture and fixtures 75,000.00

Carreon, Capital 784,900.00
Dental Supplies 25,000.00
Carreon, Withdrawal 50,000.00
Notes Payable 35,000.00
Land 150,000.00
Withholding Tax Payable 5,200.00
Pag-IBIG Premium Payable 3,500.00
Prepaid Insurance 24,000.00
Other Income 28,000.00
Dental Supplies Expense 8,200.00
Miscellaneous Expense 3,600.00
Salaries Expense 6,800.00
Accounts Receivable 16,500.00
Utilities Expense 4,600.00
Accounts Payable 23,000.00
SSS Contribution 10,200.00
Cash on Hand 35,000.00

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