Prepare the unadjusted trial balance Presented below, together with account numbers, is the unadjusted trial balance of Madelyn Rubin TravelAgency for the year ended December 31, 2015:Madelyn Rubin Travel AgencyUnadjusted Trial BalanceDec. 31, 2015126,000645,000360,00063,0002,175,000120130140150155210220230240310320CashAccounts ReceivablePrepaid RentOffice SuppliesFurnitureAccumulated Depreciation - FurmitureAccounts PayableNotes PayableSalaries PayableInterest PayableRubin, CapitalRubin, WithdrawalsTravel RevenuesSalaries ExpenseRent ExpenseOffice Supplies Expense540435,000285,000900,0001,680,0001,200,0004105,133,000$103,771,000520530Depreciation Expense- FurnitureInterest ExpenseMiscellaneous ExpenseTotals55093.0008.433.0005608.433.000Information pertaining Rubin's accounts is as follows:a Nov. 1, 201S, Rubin paid Juanita Ravena Realtors Php 360,000 for six months' rent on the officebuilding commencing that date.Office supplies on hand at Dec. 31, 2015 amounted to Php 27,000.Depreciation expense for the furmiture amounted to Php 75,000 for the year.d At Dec. 31.2015, Php 105,000 salaries have accrued.The Php 900,000 note payable was issued on Oct. 1, 2015. It will be repaid in 12 months togetherwith the interest at an annual rate of 24%. (Compute the interest payable that have accrued).

Unadjusted trial balance is the summary of all general ledger account balances of the business…

Answered: Prepare the unadjusted trial balance

Business

Accounting

Prepare the unadjusted trial balance

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

Problem 1AP

See similar textbooks

Similar questions

The adjusted trial balance columns in the worksheet of Elliot Painting Services are as follows.ELLIOT PAINTING SERVICESWorksheetfor the year ended 30 June 2019Adjusted trial balance Account Cash at Bank 1 230Accounts Receivable 75 600Prepaid Rent 1 800Office Supplies 8 320Equipment 160 000Accum. Depr. Equip’t 25 000Accounts Payable 54 000Salaries Payable 8 760Unearned Revenue 3 430F. Elliot, Capital 101 500F. Elliot, Drawings 22 000Painting Revenue 219 650Salaries Expense 106 000Rent Expense 6 050Depreciation Expense 8 040Telephone Expense 4 020Office Supplies Used 10 080Sundry Expenses 9 200Required:a) Prepare Income Statement and Balance Sheetb) Prepare the closing entries necessary at 30 June 2019, assuming that this date is the end of theentity’s accounting period.
DATA PROVIDEDThe pre-adjustment trial balance of Wing-It (Pty) Ltd as at 31 August 2022 is presented:AccountDebitCreditProfessional fees765 000Goods sold435 000Cost of sales215 000Interest received19 500Interest on loan6 300Bank charges3 200Cleaning1 500Staff welfare650Salaries and wages35 850Municipal services6 850Printing and stationery16 715Telephone18 600Fuel and oil56 000Repairs and maintenance: Building5 200Repairs and maintenance: Vehicles6 850Capital: Blue520 000Capital: Green630 000Drawings: Blue35 000Drawings: Green27 000Current account: Blue2 500Current account: Green6 400Retained income265 000Land500 000Buildings1 500 000Accumulated depreciation on buildings21 000Vehicles380 000Accumulated depreciation on vehicles65 000Equipment and electronics79 500Accumulated depreciation on equipment and electronics1 5008% Long-term loan325 000Bank: FNB168 000Bank: ABSA32 000Debtors control account85 000Allowance for credit losses6 400Creditors control account78 600Petty cash2…
prepare an income using the following adjusted trial balance of billi sol companycash 13000accounts receivable 20000office supplies 10300office equipment 40500Accumulated depriciation office 22000accounts payable 11500unearned service revenue 6500long term notes payable 38000billi sol capital 11000billi sol withdrawls 10000service revenue 1100salary expenses 30000rent expenses 12300depreciation expenses 1000office suplies 3000expensesTotal 140100 140100
The adjusted trial balance columns in the worksheet of Elliot Painting Services are as follows.ELLIOT PAINTING SERVICESWorksheet (Partial)for the year ended 30 June 2019Adjusted trial balance Income statement Balance sheetAccount Debit Credit Debit Credit Debit CreditCash at Bank 1 230Accounts Receivable 75 600Prepaid Rent 1 800Office Supplies 8 320Equipment 160 000Accum. Depr. Equip’t 25 000Accounts Payable 54 000Salaries Payable 8 760Unearned Revenue 3 430F. Elliot, Capital 101 500F. Elliot, Drawings 22 000Painting Revenue 219 650Salaries Expense 106 000Rent Expense 6 050Depreciation Expense 8 040Telephone Expense 4 020Office Supplies Used 10 080Sundry Expenses 9 200Profit for the period_ debit is $412340 and credit is $412340Required:a) Complete the worksheet. b) Prepare the closing entries necessary at 30 June 2019, assuming that this date is the end of the entity’s accounting period.
The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below.Accounts Debit CreditCash $10,000Accounts Receivable 15,000Prepaid Rent 7,200Supplies 4,000Deferred Revenue $ 3,000Common Stock 11,000Retained Earnings 6,000Service Revenue 51,200Salaries Expense 35,000 $71,200 $71,200At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $7,200, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a customer. By the end of the year, $750 of the services have been provided. 3. An additional $700 in…
Read the following information and answer questions that follow.Tamapo prepared the following trial balance as at 31 December 2019 which contains errors: TamapoTrial Balance as at 31 December 2019P PMotor Vehicle at net 38,000.00 Sales 109,000.00Purchases 80,230.00Inventory 5,100.00Bank Overdraft 13,900.00Cash in Hand 1,500.00Drawings 6,500.00Discount Allowed 720.00Other Operating Expenses 9,350.00Wages and Salaries 16,500.00Capital 35,000.00Difference 60,700.00 188,250.00 188,250.00Required:Prepare a corrected trial balance as at 31 December 2019.
Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company’s accounting clerk prepared the following unadjusted trial balance:Pitman CompanyUNADJUSTED TRIAL BALANCEOctober 31, 2019ACCOUNT TITLE DEBIT CREDIT1Cash7,710.002Accounts Receivable37,935.003Prepaid Insurance7,070.004Supplies2,125.005Land108,400.006Building145,300.007Accumulated Depreciation-Building85,610.008Equipment134,800.009Accumulated Depreciation-Equipment96,100.0010Accounts Payable12,625.0011Unearned Rent6,340.0012Jan Pitman, Capital219,690.0013Jan Pitman, Drawing15,120.0014Fees Earned323,700.0015Salaries and Wages Expense196,770.0016Utilities Expense42,265.0017Advertising Expense23,135.0018Repairs Expense17,195.0019Miscellaneous Expense6,240.0020Totals744,065.00744,065.00The data needed to determine year-end adjustments are as follows:a. Unexpired insurance at October 31, $6,105.b. Supplies on hand at October 31, $485.c.…
Use the trial balance, adjustments and additional information to prepare the Statement ofComprehensive Income for the year ended 28 February 2022.Liat TradersPRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022Balance sheet accounts section Debit CreditR RCapital 550 854Drawings 75 150Land and buildings 477 164Vehicles at cost 91 000Equipment at cost 67 000Accumulated depreciation on vehicles 31000Accumulated depreciation onequipment 23800Trading inventory 68 800Debtors control 45 850Provision for bad debts 1900Bank 15 560Cash float 1 250Petty cash 250Creditors control 38 860Loan: MUFG Bank (15%) 21600Nominal accounts sectionSales 498 000Cost of sales 244 000Sales returns 8 000Wages 42 500Bank charges 2 300Rent income 26000Packing materials 12 000Advertising 8 500Rates 3 000Bad debts 900Discount allowed 750Discount received 980Stationery 8 500Interest on loan 2 970Water and electricity 5 550Insurance 5 000Telephone 7 0001 192 994 1 192 994Adjustments and additional information1. A…
. Alena Co. was organized on July 1, 2017. Quarterly financial statements are prepared. The unadjustedand adjusted trial balances as of September 30 are shown below.ALENA CO.Trial BalanceSeptember 30, 2017Unadjusted AdjustedDr. Cr. Dr. Cr.Cash 9,500 9,500Accounts Receivable 11,500 12,700Supplies 1,700 750Prepaid Rent 2,300 600Equipment 20,000 20,000Accumulated Depreciation—Equipment 0 800Notes Payable 11,000 11,000Accounts Payable 2,700 2,700Salaries and Wages Payable 0 850Interest Payable 0 150Unearned Rent Revenue 2,000 550Owner’s Capital 23,000 23,000Owner’s Drawings 1,900 1,900Service Revenue 17,000 18,200Rent Revenue 1,510 2960Salaries and Wages Expense 7,000 7850Rent Expense 1,900 3,600Depreciation Expense 800Supplies Expense 950Utilities Expense 1,410 1,410Interest Expense 150Total 57,210 57,210 60,210 60,210Instructions(a)Journalize the adjusting entries that were made.(b) If the note bears interest at 10%, how many months has it been outstanding?
The following accounts and their balances appear in an unadjusted trial balance of CASHEW Company as of December 31, 2021: What is the total current liabilities to be presented in the statement of financial position as of December 31, 2021?
Presented below, together with account numbers, is the unadjusted trial balance of Madelyn Rialubin Travel Agency for the year ended December 31, 2020: Madelyn Rialubin Travel Agency Unadjusted Trial Balance December 31, 2013 110 Cash ₱ 126,000.00 120 Accounts receivables 645,000 130 Prepaid rent 360,000 140 Office supplies 63,000 150 Furniture 2,175,000 155 Accumulated depreciation ₱ 435,000.00 210 Notes payable 900,000 220 Accounts payable 285,000 230 Salaries payable 240 Interest payable 310 Rialubin, capital 1,680,000 320 Rialubin, withdrawals 1,200,000 410 Travel revenues 5,133,000 510 Salaries expense 3,771,000…
The following is the trial balance of J. Jamieson as on 31 October 2021. You are to draw up a Statement of Comprehensive Income for the year ended 31 October 2021 and a Statement of Financial Position as at the same date. (All figures in thousands) DEBITCREDIT ££Purchases 16,950 Sales 23,240Stock in hand 31 October 20204,135 Postages and telephone 228 Motor expenses 399 Salaries 4,364 Sundry expenses 83 Rent 390 Rates 155 Debtors (Receivables) 4,698 Creditors(Payables) 3,174Premises 10,000 Motor vehicles 2,350 77Fixtures and fittings 1,120 Bank overdraft 1,458 Drawings 3,850 Capital _____20,850 48,72248,722 Notes at 31st October 2021:1. Stock on hand was £2,8592. Expenses owing: Sundry expenses £22; Motor expenses £58.3. Expenses prepaid: Rates £23; Telephone £11.4. Provide for depreciation of Premises at 10 percent on cost and Fixtures and Fittings and Motor vehicles at 5 percent on cost per annum.