Del Mundo Landscape Speclalist Worksheet For the Month Ended Nov. 30, 2018 Adjusted Trial Balance Income Statement Balance Sheet Adjustments Debit Trial Balance Account Title Debit Credit Credit Debit Credit Debit Credit Debit Credit No. 182,250 10,000 182,250 7,500 1,000 21,000 182,250 10,000 A500 14,000 22,000 300,000 110 Cash 120 Accounts Receivable i. 2,500 500 500 Supplies Prepaid Rent Prepaid Insurance Vehicles 130 С. 14,000 22,000 300,000 140 a. 7,000 150 24,000 b. 2,000 160 300,000 4,500 4,500 Accum. Depreciation-Vehicles Equipment Accum. Depreciation-Equipment Notes Payable Accounts Payable Salaries Payable Interest Payable Unearned Revenues 165 d. 4,500 170 54,000 54,000 54,000 1,000 100,000 1,000 1,600 1,400 11,250 450,000 1,000 100,000 1,000 1,600 1,400 11,250 450,000 175 е. 1,000 100,000 1,000 210 220 1,600 g. h. 230 240 1,400 2,250 13,500 f. 450,000 250 Del Mundo, Capital Del Mundo, Withdrawals Income Summary Landscaping Revenues 420 Lawn Cutting Revenues 310 320 5,000 5,000 5,000 330 410 37,500 f. 42,250 42,250 2,250 2,500 i. 5,600 4,000 1,600 -500 5,600 500 Salaries Expense Supplies Expense Rent Expense Insurance Expense Gas Expense Advertising Expense Depreciation Expense-Vehicles Depreciation Expense-Equipment Interest Expense 510 g. 520 C. 500 7,000 7,000 2,000 530 a. 7,000 2,000 1,500 1,750 4,500 1,000 1,400 22,750 613,000 2,000 1,500 1,750 4,500 1,000 1,400 25,250 540 b. 1,500 1,750 550 560 4,500 1,000 1,400 570 d. 580 е. 590 h. 602,000 602,000 22,750 613,000 42,250 587,750 570,750 17,000 42,250 17,000 587,750 Profit 42,250 587,750 Exhibit 6-4 Income Statement and Balance Sheet Columns, and Computation of Profit 193 The unadjusted trial balance on December 31, 2016 of Satisfaction, Guaranteed a service enterprise, showed the following data: Debits Cash Accounts receivable Allowance for doubtful accounts Credits P 250,000 300,000 P 2,000 Notes receivable ep Office equipment Allowance for depreciation Supplies Accounts payable Notes payable Capital Drawing Rent expense 100,000 320,000 inT 30,000 100,000 80,000 50,000 501,000 100,000 33,000 Service income Salaries expense Other expenses 900,000 230,000 130,000 P1,563,000 P1,563,000 Additional information: (1) Services were rendered for P100,000. payment for it has not yet been received, and not yet recorded in the books of accounts; (2) The office equipment was acquired on July 1. 2016, with an esti- mated scrap value of P20,000 and useful life of 5 years. (3) The notes receivable includes a promissory note with a face value of P20,000 which is interest-bearing at 3% per annum, received on October 1, 2016. (4) On the accounts receivable balance at the date of the Statement of Financial Position, 1% is expected to be uncollectible; (5) Included in the notes payable is a P20,000 note, with interest at 3% per annum issued on December 1. 2016; (6) Rent for the office is at P3,000 a month. The billing for December, 2016 had not yet been received from the owner of the property. Required: Prepare a ten-column Worksheet for Satisfaction Guaranteed. ournal ontricn.

Del Mundo Landscape Speclalist Worksheet For the Month Ended Nov. 30, 2018 Adjusted Trial Balance Income Statement Balance Sheet Adjustments Debit Trial Balance Account Title Debit Credit Credit Debit Credit Debit Credit Debit Credit No. 182,250 10,000 182,250 7,500 1,000 21,000 182,250 10,000 A500 14,000 22,000 300,000 110 Cash 120 Accounts Receivable i. 2,500 500 500 Supplies Prepaid Rent Prepaid Insurance Vehicles 130 С. 14,000 22,000 300,000 140 a. 7,000 150 24,000 b. 2,000 160 300,000 4,500 4,500 Accum. Depreciation-Vehicles Equipment Accum. Depreciation-Equipment Notes Payable Accounts Payable Salaries Payable Interest Payable Unearned Revenues 165 d. 4,500 170 54,000 54,000 54,000 1,000 100,000 1,000 1,600 1,400 11,250 450,000 1,000 100,000 1,000 1,600 1,400 11,250 450,000 175 е. 1,000 100,000 1,000 210 220 1,600 g. h. 230 240 1,400 2,250 13,500 f. 450,000 250 Del Mundo, Capital Del Mundo, Withdrawals Income Summary Landscaping Revenues 420 Lawn Cutting Revenues 310 320 5,000 5,000 5,000 330 410 37,500 f. 42,250 42,250 2,250 2,500 i. 5,600 4,000 1,600 -500 5,600 500 Salaries Expense Supplies Expense Rent Expense Insurance Expense Gas Expense Advertising Expense Depreciation Expense-Vehicles Depreciation Expense-Equipment Interest Expense 510 g. 520 C. 500 7,000 7,000 2,000 530 a. 7,000 2,000 1,500 1,750 4,500 1,000 1,400 22,750 613,000 2,000 1,500 1,750 4,500 1,000 1,400 25,250 540 b. 1,500 1,750 550 560 4,500 1,000 1,400 570 d. 580 е. 590 h. 602,000 602,000 22,750 613,000 42,250 587,750 570,750 17,000 42,250 17,000 587,750 Profit 42,250 587,750 Exhibit 6-4 Income Statement and Balance Sheet Columns, and Computation of Profit 193 The unadjusted trial balance on December 31, 2016 of Satisfaction, Guaranteed a service enterprise, showed the following data: Debits Cash Accounts receivable Allowance for doubtful accounts Credits P 250,000 300,000 P 2,000 Notes receivable ep Office equipment Allowance for depreciation Supplies Accounts payable Notes payable Capital Drawing Rent expense 100,000 320,000 inT 30,000 100,000 80,000 50,000 501,000 100,000 33,000 Service income Salaries expense Other expenses 900,000 230,000 130,000 P1,563,000 P1,563,000 Additional information: (1) Services were rendered for P100,000. payment for it has not yet been received, and not yet recorded in the books of accounts; (2) The office equipment was acquired on July 1. 2016, with an esti- mated scrap value of P20,000 and useful life of 5 years. (3) The notes receivable includes a promissory note with a face value of P20,000 which is interest-bearing at 3% per annum, received on October 1, 2016. (4) On the accounts receivable balance at the date of the Statement of Financial Position, 1% is expected to be uncollectible; (5) Included in the notes payable is a P20,000 note, with interest at 3% per annum issued on December 1. 2016; (6) Rent for the office is at P3,000 a month. The billing for December, 2016 had not yet been received from the owner of the property. Required: Prepare a ten-column Worksheet for Satisfaction Guaranteed. ournal ontricn.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 19E: After Bunker Hill Assay Services Inc. had completed all postings for March in the current year...

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