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II. FINANCIAL STATEMENTS The adjusted trial balance of MAQUI FUT MASSAGE PARLOR, as of December 31, 2021, presented below is not in proper order. Prepaid Interest Expense Fut, Drawing /Withdrawal Salary Expense Land 1- 2- 3- Interest Income Building Acc. Depreciation - Bldg. Tax Payable (payable in 10 months) Depreciation Expenses - Bldg. Fut, Capital Notes Receivable Insurance Expense Accounts Receivable Transportation Expense Bank loan payable ( due in 5 years) Service Income Unearned Interest Income Utility Expense Accounts Payable Accrued Interest Payable Allowance for Bad Debts Interest expense Notes Payable (2 years to pay) Unused Office Supplies Dividend income Rent receivable Office Supplies Expense Tools Cash Rent Income P Debit The total revenue/income is The total operating expenses is The net income or (net loss) is 14,000 36,000 100,000 180,000 10,000 40,000 14,000 170,000 4,000 3,000 6,000 2,000 6,000 8,000 4,000 20,000 Credit 16,000 P P P 4,000 18,000 2,000 196,000 130,000 350,000 16,000 67,000 28,000 6,000 50,000 Furniture and Equipment 100,000 Accumulated depreciation - Furniture and equipment Additional information: There was no additional investment during the year. 10,000 16,000 INSTRUCTION: You are required to compute what is being asked and write your answer on the BLANK. A separate computation in a yellow pad should be attached. No computation no credit. 20,000 6

II. FINANCIAL STATEMENTS The adjusted trial balance of MAQUI FUT MASSAGE PARLOR, as of December 31, 2021, presented below is not in proper order. Prepaid Interest Expense Fut, Drawing /Withdrawal Salary Expense Land 1- 2- 3- Interest Income Building Acc. Depreciation - Bldg. Tax Payable (payable in 10 months) Depreciation Expenses - Bldg. Fut, Capital Notes Receivable Insurance Expense Accounts Receivable Transportation Expense Bank loan payable ( due in 5 years) Service Income Unearned Interest Income Utility Expense Accounts Payable Accrued Interest Payable Allowance for Bad Debts Interest expense Notes Payable (2 years to pay) Unused Office Supplies Dividend income Rent receivable Office Supplies Expense Tools Cash Rent Income P Debit The total revenue/income is The total operating expenses is The net income or (net loss) is 14,000 36,000 100,000 180,000 10,000 40,000 14,000 170,000 4,000 3,000 6,000 2,000 6,000 8,000 4,000 20,000 Credit 16,000 P P P 4,000 18,000 2,000 196,000 130,000 350,000 16,000 67,000 28,000 6,000 50,000 Furniture and Equipment 100,000 Accumulated depreciation - Furniture and equipment Additional information: There was no additional investment during the year. 10,000 16,000 INSTRUCTION: You are required to compute what is being asked and write your answer on the BLANK. A separate computation in a yellow pad should be attached. No computation no credit. 20,000 6

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter22: End-of-fiscal-period Work For A Corporation
Section: Chapter Questions
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II. FINANCIAL STATEMENTS The adjusted trial balance of MAQUI FUT MASSAGE PARLOR, as of December 31, 2021, presented below is not in proper order. Credit Prepaid Interest Expense Fut, Drawing /Withdrawal Salary Expense Land 1- 2- 3- 4. 5- 6- 7. Interest Income Building 8. 9. 10. Acc. Depreciation - Bldg. Tax Payable (payable in 10 months) Depreciation Expenses - Bldg. Fut, Capital Notes Receivable Insurance Expense Accounts Receivable Transportation Expense Bank loan payable ( due in 5 years) Service Income Unearned Interest Income Utility Expense Accounts Payable Accrued Interest Payable Allowance for Bad Debts Interest expense Notes Payable (2 years to pay) Unused Office Supplies Dividend income Rent receivable Office Supplies Expense Tools Cash Rent Income The total revenue/income is The total operating expenses is The net income or (net loss) is P Fut, capital, end / O. equity The total current assets is The total non-current assets is Total assets is Debit Total current liabilities is Total non-current liabilities is Total liabilities is 14,000 36,000 100,000 180,000 10,000 40,000 14,000 170,000 4,000 3,000 6,000 2,000 6,000 8,000 4,000 20,000 P P 16,000 P P P P P 4,000 Furniture and Equipment 100,000 Accumulated depreciation - Furniture and equipment Additional information: There was no additional investment during the year. P P P 18,000 2,000 196,000 130,000 350,000 16,000 INSTRUCTION: You are required to compute what is being asked and write your answer on the BLANK. A separate computation in a yellow pad should be attached. No computation no credit. 67,000 28,000 6,000 50,000 10,000 16,000 20,000 6 7
Transcribed Image Text:II. FINANCIAL STATEMENTS The adjusted trial balance of MAQUI FUT MASSAGE PARLOR, as of December 31, 2021, presented below is not in proper order. Credit Prepaid Interest Expense Fut, Drawing /Withdrawal Salary Expense Land 1- 2- 3- 4. 5- 6- 7. Interest Income Building 8. 9. 10. Acc. Depreciation - Bldg. Tax Payable (payable in 10 months) Depreciation Expenses - Bldg. Fut, Capital Notes Receivable Insurance Expense Accounts Receivable Transportation Expense Bank loan payable ( due in 5 years) Service Income Unearned Interest Income Utility Expense Accounts Payable Accrued Interest Payable Allowance for Bad Debts Interest expense Notes Payable (2 years to pay) Unused Office Supplies Dividend income Rent receivable Office Supplies Expense Tools Cash Rent Income The total revenue/income is The total operating expenses is The net income or (net loss) is P Fut, capital, end / O. equity The total current assets is The total non-current assets is Total assets is Debit Total current liabilities is Total non-current liabilities is Total liabilities is 14,000 36,000 100,000 180,000 10,000 40,000 14,000 170,000 4,000 3,000 6,000 2,000 6,000 8,000 4,000 20,000 P P 16,000 P P P P P 4,000 Furniture and Equipment 100,000 Accumulated depreciation - Furniture and equipment Additional information: There was no additional investment during the year. P P P 18,000 2,000 196,000 130,000 350,000 16,000 INSTRUCTION: You are required to compute what is being asked and write your answer on the BLANK. A separate computation in a yellow pad should be attached. No computation no credit. 67,000 28,000 6,000 50,000 10,000 16,000 20,000 6 7
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