Till La Hok Computer Services Trial Balance January 31, 2020 Debit Credit Cash P382,460 Accounts Receivable 92,000 Supplies 67,000 Office Equipment 700,000 Accounts Payable P980 Lok, Capital 947,000 Service Revenue 297,000 Utilities Expense 3,520 TOTALS P1.244,980 P1,244,980

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 1.3C
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Question

Create a Balance Sheet for Till La Hok Computer Services. The other picture is just for the format .

tie
Menes
talp
Tall me wiot gou want to da
Numbe
Narmal
ste
fureat faresr
Conditiceal fomet asChe cel
Fumeting
Mege & Cemer
Cxpiona
rent
een
%3D
Assets
Equation:
OWNER'S EQUITY = ASSETS-LIABILITIES
Current Assets
Cash
06,000
ASSETS OWNER'S EQUITY + LIABILITIES
Account receivMable
Notes repelvable
10
80,000
20,000
166 000
12 Noeoament Assets
Laundny Equipment
Ofnice fumiture
48,000
25,000
0.000
15 Total Assets
16
Tabibties
20 Corrent Liabitities
Accounts payable
34,000
18,000
Total Llabties
Capta/Eqoity
ea, 000
Denny Teledo, Capital
TotalNet mceine
36,000
304, 003
204, 000
30 Total Lisheties & Capital
Transcribed Image Text:tie Menes talp Tall me wiot gou want to da Numbe Narmal ste fureat faresr Conditiceal fomet asChe cel Fumeting Mege & Cemer Cxpiona rent een %3D Assets Equation: OWNER'S EQUITY = ASSETS-LIABILITIES Current Assets Cash 06,000 ASSETS OWNER'S EQUITY + LIABILITIES Account receivMable Notes repelvable 10 80,000 20,000 166 000 12 Noeoament Assets Laundny Equipment Ofnice fumiture 48,000 25,000 0.000 15 Total Assets 16 Tabibties 20 Corrent Liabitities Accounts payable 34,000 18,000 Total Llabties Capta/Eqoity ea, 000 Denny Teledo, Capital TotalNet mceine 36,000 304, 003 204, 000 30 Total Lisheties & Capital
Accessibility Mode
Till La Hok Computer Services
Trial Balance
January 31, 2020
Debit
Credit
Cash
P382,460
Accounts Receivable
92,000
Supplies
67,000
Office Equipment
700,000
Accounts Payable
P980
Lok, Capital
947,000
Service Revenue
297,000
Utilities Expense
3,520
TOTALS
P1.244,980
P1,244,980
INCOME STATEMENT
Transcribed Image Text:Accessibility Mode Till La Hok Computer Services Trial Balance January 31, 2020 Debit Credit Cash P382,460 Accounts Receivable 92,000 Supplies 67,000 Office Equipment 700,000 Accounts Payable P980 Lok, Capital 947,000 Service Revenue 297,000 Utilities Expense 3,520 TOTALS P1.244,980 P1,244,980 INCOME STATEMENT
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