Balance of BuildingThe trial balance for Ariel Certified Cleaners appears as follows:Ariel Certified CleanersTrial BalanceSept. 30, 2015DebitCreditCash9117,880Accounts Receivable264,940Prepaid Insurance34,000Cleaning Supplies73,740Land180,000BuildingAccumulated Depreciation - Building1,850,0009456,000Accounts Payable204,000Uneamed Cleaning RevenuesMortgage PayableAriel, Capital16,0001,100,000565,600Ariel, WithdrawalsCleaning Revenues100,0001,576,340Salaries Expense1,013,300Cleaning Equipment Rental Expense60,000Delivery Truck Expense43,740Interest Expense110,000Other Expense70,340Total :P3,917,940P3,917,940 Balance of Accounts ReceivableThe trial balance for Ariel Certified Cleaners appears as follows:Ariel Certified CleanersTrial BalanceSept. 30, 2015DebitCreditCashB117,880Accounts Receivable264,940Prepaid Insurance34,000Cleaning Supplies73,740Land180,000Building1,850,000Accumulated Depreciation - BuildingB456,000Accounts Payable204,000Uneamed Cleaning Revenues16,000Mortgage Payable1,100,000Ariel, Capital565,600Ariel, Withdrawals100,000Cleaning RevenuesSalaries Expense1,576,3401,013,300Cleaning Equipment Rental Expense60,000Delivery Truck Expense43,740Interest Expense110,000Other Expense70,340Total :P3,917,940P3,917,940

The assets have debit balance and Liabilities have credit balance. Expenses have debit balance and…

Balance of Building The trial balance for Ariel Certified Cleaners appears as follows: Ariel Certified Cleaners Trial Balance Sept. 30, 2015 Debit Credit Cash 9117,880 Accounts Receivable 264,940 Prepaid Insurance 34,000 Cleaning Supplies 73,740 Land 180,000 Building 1,850,000 Accumulated Depreciation - Building 9456,000 Accounts Payable 204,000 Uneamed Cleaning Revenues 16,000 Mortgage Payable 1,100,000 Ariel, Capital 565,600 Ariel, Withdrawals 100,000 Cleaning Revenues 1,576,340 Salaries Expense 1,013,300 Cleaning Equipment Rental Expense 60,000 Delivery Truck Expense Interest Expense 43,740 110,000 Other Expense 70,340 Total : P3,917,940 P3,917,940

Balance of Building The trial balance for Ariel Certified Cleaners appears as follows: Ariel Certified Cleaners Trial Balance Sept. 30, 2015 Debit Credit Cash 9117,880 Accounts Receivable 264,940 Prepaid Insurance 34,000 Cleaning Supplies 73,740 Land 180,000 Building 1,850,000 Accumulated Depreciation - Building 9456,000 Accounts Payable 204,000 Uneamed Cleaning Revenues 16,000 Mortgage Payable 1,100,000 Ariel, Capital 565,600 Ariel, Withdrawals 100,000 Cleaning Revenues 1,576,340 Salaries Expense 1,013,300 Cleaning Equipment Rental Expense 60,000 Delivery Truck Expense Interest Expense 43,740 110,000 Other Expense 70,340 Total : P3,917,940 P3,917,940

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 54BE

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