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M. SANTOS Adjusted Trial Balance December 31, 2011 Adjusted Trial Balance Debit 212,000 P 60,000 Account Title L/F Credit Cash Accounts receivable Prepaid rent Prepaid insurance Computer supplies Computer equipment Accumulated depreciation 15,000 11,000 45,000 100,000 1,667 Accrued expense Accounts payable 14,844 Income tax payable Loans payable M. Santos, Capital M. Santos, Drawing Internet service income Printing service income Salaries and wages 75 100,000 300,000 25,000 65,000 54,000 20,000 Internet and communication 4,000 Water and power 5,000 Rental 5,000 Computer supplies expense Depreciation expense Insurance expense Interest expense Taxes and licenses Income tax expense Total 5,000 1,667 1,000 844 25,000 75 535,586 P 535,586 REQUIREMENTS: BASE ON ADJUSTED TRIAL BALANCE ABOVE. MAKE A FINANCIAL STATEMENTS (STATEMENT OF FINANCIAL POSITION, STATEMENT OF COMPREHENSIVE INCOME, STATEMENT OF CHANGES IN OWNERS EQUITY) .. ... ... ..

M. SANTOS Adjusted Trial Balance December 31, 2011 Adjusted Trial Balance Debit 212,000 P 60,000 Account Title L/F Credit Cash Accounts receivable Prepaid rent Prepaid insurance Computer supplies Computer equipment Accumulated depreciation 15,000 11,000 45,000 100,000 1,667 Accrued expense Accounts payable 14,844 Income tax payable Loans payable M. Santos, Capital M. Santos, Drawing Internet service income Printing service income Salaries and wages 75 100,000 300,000 25,000 65,000 54,000 20,000 Internet and communication 4,000 Water and power 5,000 Rental 5,000 Computer supplies expense Depreciation expense Insurance expense Interest expense Taxes and licenses Income tax expense Total 5,000 1,667 1,000 844 25,000 75 535,586 P 535,586 REQUIREMENTS: BASE ON ADJUSTED TRIAL BALANCE ABOVE. MAKE A FINANCIAL STATEMENTS (STATEMENT OF FINANCIAL POSITION, STATEMENT OF COMPREHENSIVE INCOME, STATEMENT OF CHANGES IN OWNERS EQUITY) .. ... ... ..

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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