Sep. 5, SW. T-accounts and Trial Balance. Airo Miranda.xlsx...

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CashAccounts receivableMedical SuppliesLandMedical BldgNote Payable1-Oct250,000---------------------------250,000-------1-Oct----250,000------------------1,000,000---------------------1,200,000---------50,000-----------------1-Oct------420,000-------------39,000------------------------400,000---------59,000-----------------2-Oct---20,000---------------20,000-----------------4-Oct117,000-----------------------------117,000-----7-Oct--17,000----------------------17,000----------10-Oct--------------73,000----73,000-----------------12-Oct90,000-------------------------90,000---------18-Oct-317,000----------------------------317,000-----21-Oct---------------23,000---23,000-----------------23-Oct----------------3,000--3,000-----------------24-Oct------45,000------------------45,000----------25-Oct113,000-------------------113,000----------------27-Oct--------13,000-----------13,000-----------------30-Oct-----------200,000-------200,000-----------------30-Oct-----------------15,000-15,000-----------------114,000204,00056,00020,000250,0001,000,000465,00049,00090,0001,600,000250,000200,000434,000-73,00023,0003,00015,000T AssetsT AssetsT AssetsT AssetsT AssetsT AssetsT AssetsTliabilitiesTliabilitiesTliabilitiesInvestmentWithdrawalsTrevTrevTexpTexpTexpTexpT Assets2,109,000 Dr Normal BalanceTliabilities1,739,000 Cr Normal BalanceTequity370,000 Cr Normal Balance2,109,000 =2,109,000Investment250,000 Cr Normal BalanceWithdrawals200,000 Dr Normal BalanceTrev434,000 Cr Normal BalanceTexp114,000 Dr Normal BalanceJournalEntriesPrepaidInsuranceMedicalEquipmentAccountsPayableResearchRevenuesMarasigan,CapitalMarasigan,WithdrawalsMedicalRevenuesResearchRevenuesSalariesexpenseRepairsexpenseTelephoneexpenseAssociationdues expense
Engracio LucinadaCash1 Deposited P210,000 in the bank in210,000---------2 Bought office equipment on accou----147,000-----3 Invested his personal law library in----------4 Paid office rent for the month, P7,------7,600----5 Bought office supplies for cash, P8,--8,850---8,850----6 Paid the premium for one-year fire---1,860--1,860----7 Received professional fees for serv24,600---------8 Received and paid bill for the use o------2,280----9 Paid salaries of two-part time legal------9,600----10 Paid car rental , P2,880.------2,880----11 Received professional fees for serv21,200---------12 Paid Daraga Company a portion of------15,000----13 Lucinada withdrew cash for person------20,750----186,980-8,8501,860147,000CashAssetsAssetsAssetsAssetsAssets12-222Assets401,690401,690 AssetsLiabilities132,000Equity269,690401,690 Liabilities + EquityCapital267,000-Drawings20,750Income45,800Expenses22,360Income45,800Less: Expenses22,360AccountsreceivableOfficeSuppliesPrepaidInsuranceOfficeequipmentAccountsreceivableOfficeSuppliesPrepaidInsuranceOfficeequipment
Profit (loss)23,440
Professional libraryRevenues---------210,000------------147,000-----57,000--------57,000---------7,600-----------------------------------------------24,600------------------------------------2,880------------------21,200----15,000---------------20,750----------57,000132,000267,00020,75045,8007,6002,880Professional libraryRevenuesAssetsLiabilitiesCapitalDrawingsIncomeExpensesExpenses2332322Tabular39J/E54Summary below7100AccountsPayableLucinada,CapitalLucinada,WithdrawalsOffice RentexpenseCar RentalexpenseAccountsPayableLucinada,CapitalLucinada,WithdrawalsOffice RentexpenseCar Rentalexpense

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Term
Spring
Professor
N/A
Tags
Generally Accepted Accounting Principles, t Assets, Concepcion Manalo

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