following information is also available: At the end of its fiscal year, the trial balance for Calaguas Cleaners appeared as shown Compr dAccrued interest on the mortgage payable is P5,000. pelow Theodore Calaguas, the owner, made no investments during the year. The A An inventory of cleaning supplies amounted to P6,220 on hand. An analysis of the insurance polices showed that P3,400 is still unexpired. Annual depreciation is P43,000 on the building and P21,000 on the delivery truck. Aug. 1, the entity signed a contract effective immediately with the Fairview General Hospital to dry clean, for a fixed monthly charge of P2,000, the doctors uniforms used during surgery. The hospital paid for four months' service in advance. Unrecorded plant wages totaled P9,820. Sales and delivery wages are paid on Saturdays. The weekly payroll is P4,800. Assume that Sept. 30 falls on a Monday and the entity has a six-day pay week. Calaguas Cleaners Trial Balance Sept. 30, 2021 111 Cash P 58,940 132,470 17,000 112 Accounts Receivable Prepaid Insurance Cleaning Supplies Land 115 116 36,870 141 90,000 810,000 142 Building Accum. Depreciation-Building Delivery Truck Accum. Depreciation-Delivery Truck Accounts Payable Unearned Dry Cleaning Revenues Mortgage Payable Calaguas, Capital Calaguas, Withdrawals Dry Cleaning Revenues Laundry Revenues Plant Wages Expense Sales and Delivery Wages Expense Cleaning Equipment Rent Expense Delivery Truck Expense Interest Expense Other Expenses 143 P 202,000 144 115,000 145 26,000 102,000 8,000 600,000 282,800 212 215 221 311 312 100,000 601,670 186,500 411 412 511 512 513 514 519 325,600 181,050 30,000 21,870 55,000 35,170 P2,008,970 520 P2,008,970
following information is also available: At the end of its fiscal year, the trial balance for Calaguas Cleaners appeared as shown Compr dAccrued interest on the mortgage payable is P5,000. pelow Theodore Calaguas, the owner, made no investments during the year. The A An inventory of cleaning supplies amounted to P6,220 on hand. An analysis of the insurance polices showed that P3,400 is still unexpired. Annual depreciation is P43,000 on the building and P21,000 on the delivery truck. Aug. 1, the entity signed a contract effective immediately with the Fairview General Hospital to dry clean, for a fixed monthly charge of P2,000, the doctors uniforms used during surgery. The hospital paid for four months' service in advance. Unrecorded plant wages totaled P9,820. Sales and delivery wages are paid on Saturdays. The weekly payroll is P4,800. Assume that Sept. 30 falls on a Monday and the entity has a six-day pay week. Calaguas Cleaners Trial Balance Sept. 30, 2021 111 Cash P 58,940 132,470 17,000 112 Accounts Receivable Prepaid Insurance Cleaning Supplies Land 115 116 36,870 141 90,000 810,000 142 Building Accum. Depreciation-Building Delivery Truck Accum. Depreciation-Delivery Truck Accounts Payable Unearned Dry Cleaning Revenues Mortgage Payable Calaguas, Capital Calaguas, Withdrawals Dry Cleaning Revenues Laundry Revenues Plant Wages Expense Sales and Delivery Wages Expense Cleaning Equipment Rent Expense Delivery Truck Expense Interest Expense Other Expenses 143 P 202,000 144 115,000 145 26,000 102,000 8,000 600,000 282,800 212 215 221 311 312 100,000 601,670 186,500 411 412 511 512 513 514 519 325,600 181,050 30,000 21,870 55,000 35,170 P2,008,970 520 P2,008,970
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 49P
Related questions
Question
Prepare a 12-column worksheet for the year ended Sept. 30, 2021
Transcribed Image Text:following information is also available:
d Accrued interest on the mortgage payable is P5,000.
At the end of its fiscal year, the trial balance for Calaguas Cleaners appeared as shown
below. Theodore Calaguas, the owner, made no investments during the year. The
An analysis of the insurance polices showed that P3,400 is still unexpired.
An inventory of cleaning supplies amounted to P6,220 on hand.
Annual depreciation is P43,000 on the building and P21,000 on the delivery truck.
Prob
comprehensive Problem
On Aug. 1, the entity signed a contract effective immediately with the Fairview
General Hospital to dry clean, for a fixed monthly charge of P2,000, the doctors
uniforms used during surgery. The hospital paid for four months' service in
advance.
I Unrecorded plant wages totaled P9,820.
Sales and delivery wages are paid on Saturdays. The weekly payroll is P4,800.
Assume that Sept. 30 falls on a Monday and the entity has a six-day pay week.
Calaguas Cleaners
Trial Balance
Sept. 30, 2021
111
Cash
P 58,940
112
Accounts Receivable
132,470
17,000
Prepaid Insurance
Cleaning Supplies
Land
115
116
36,870
141
90,000
142
Building
Accum. Depreciation-Building
Delivery Truck
Accum. Depreciation-Delivery Truck
Accounts Payable
Unearned Dry Cleaning Revenues
Mortgage Payable
Calaguas, Capital
Calaguas, Withdrawals
Dry Cleaning Revenues
Laundry Revenues
Plant Wages Expense
Sales and Delivery Wages Expense
Cleaning Equipment Rent Expense
Delivery Truck Expense
Interest Expense
Other Expenses
810,000
143
P 202,000
144
115,000
145
26,000
102,000
8,000
600,000
282,800
212
215
221
311
312
100,000
411
601,670
186,500
412
325,600
181,050
30,000
21,870
55,000
511
512
513
514
519
35,170
P2,008,970
520
P2,008,970
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