g. Received and paid the electric bill, P1,850. h. Received and paid the bill for the Regional Dental Convention, P3,500. i. Performed professional services for cash, P17,650. j. Partially settled accounts with NE Office Supply, Pl,000. k. Paid rent for the month, P8,400. 1. Paid salaries of the part-time receptionist, P3,500. m. Dalangin withdrew cash for personal use, P8,500. n. Received P5,500 on account from patients who were previously billed. Required: 1. Establish the following accounts in the Ledger: Cash; Accounts Receivable; Office Equipment; Office Furniture; Accounts Payable; Dalangin, Capital; Dalangin, Withdrawals; Professional Fees; Salaries Expense; Rent Expense; Utilities Expense and Miscellaneous Expense. 2. Record the transactions directly into the Ledger using the alphabets to identify each transaction. Use the sample format below. 3. Prepare the trial balance. (use the blank journal paper in lesson 1)

g. Received and paid the electric bill, P1,850. h. Received and paid the bill for the Regional Dental Convention, P3,500. i. Performed professional services for cash, P17,650. j. Partially settled accounts with NE Office Supply, Pl,000. k. Paid rent for the month, P8,400. 1. Paid salaries of the part-time receptionist, P3,500. m. Dalangin withdrew cash for personal use, P8,500. n. Received P5,500 on account from patients who were previously billed. Required: 1. Establish the following accounts in the Ledger: Cash; Accounts Receivable; Office Equipment; Office Furniture; Accounts Payable; Dalangin, Capital; Dalangin, Withdrawals; Professional Fees; Salaries Expense; Rent Expense; Utilities Expense and Miscellaneous Expense. 2. Record the transactions directly into the Ledger using the alphabets to identify each transaction. Use the sample format below. 3. Prepare the trial balance. (use the blank journal paper in lesson 1)

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Description: DecreasedLesson 3Preparation of the Trial BalanceEXTENDName:Time:The following problem is a continuation to Lesson 2. Use your solutions tomade in Lesson 2. Do requirement no. 3 for this lesson:John Karlo Dalangin, a dentist, established Dalagan Cli

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter2: Analyzing Transactions Into Debit And Credit Parts

Section: Chapter Questions

Problem 1MP

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Learning Case #4Chapter 4The following is an unadjusted trial balance (before any adjustments have been made) forGarcia, Inc. at December 31 of the current year:Account Titles Debit CreditCash 42,000Accounts Receivable 11,600Supplies 900Prepaid Insurance 800Service Vehicles 19,000Accumulated Depreciation 9,200Other Assets 8,300Accounts Payable 3,000Wages PayableIncome Taxes PayableNote Payable (3 years) 17,000Common Stock (5,000 shares outstanding) 400Additional Paid-in-Capital 19,000Retained Earnings 6,000Service Revenue 61,360Remaining Expenses 33,360Income Tax Expense Totals 115,960 115,960Additional information not yet recorded:a) The supplies count at year-end reflected $300 remaining supplies on hand (unused).b) Insurance expired during the year: $800.c) Depreciation expense for the year: $3,700.d) Wages earned by employees not yet paid at year-end: $640.e) Income tax expense incurred but unpaid at year-end: $5,540.Required1. Record the adjusting entries listed above, post to…
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