16. What is the balance of the accounts receivable after pencil footing the ledger? 38,000 debit O 18,000 credit 20,000 debit zero balance 17. What is the total of the debit side of the trial balance for Tours4fun?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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first image contains the general information. please answer number  16-17 only thank you 

16. What is the balance of the accounts receivable after pencil footing the
ledger?
38,000 debit
O 18,000 credit
O 20,000 debit
O zero balance
17. What is the total of the debit side of the trial balance for Tours4fun?
517,000
490,000
O 450,000
O 497,000
Transcribed Image Text:16. What is the balance of the accounts receivable after pencil footing the ledger? 38,000 debit O 18,000 credit O 20,000 debit O zero balance 17. What is the total of the debit side of the trial balance for Tours4fun? 517,000 490,000 O 450,000 O 497,000
Activity 1- ACCHT 221 - RECORDING TRANSACTIONS ; POSTING TO LEDGER AND PREPARATION OF TRIAL BALANCE
Remy opened her Tours4Fun business. During the first month, January, she completed the following transactions:
Began business by investing cash of P300,000 a office equipment valued at P40,000, shop furniture worth
P 65,000.
Paid rent for the month, P20,000.
Bought additional office equipment from Kapamilya Store on credit, P25,000.
a.
b.
C.
Bought shop supplies for cash P8,000.
Received P20,000 from Sally for passporting services rendered.
Purchased another office equipment for cash for P18,000.
Completed work for Novy on credit, at P38,000.
Paid telephone and internet services worth P5,200.
Paid Kapamilya store in full.
Recelved cash from customers for services rendered worth P24,000.
Received P18,000 from Novy as partial payment of the amount she owes the Tours4Fun.
Paid the salary of the office staff, P15,000.
Bought another shop furniture worth P10,000 on credit.
Miscellaneous expenses paid during the month were paid worth P27,000.
d.
e.
f.
8.
h.
1.
J.
k.
1.
m.
n.
Using the following Account Titles, answer the questions found in the attached google forms.
ACCOUNT TITLES:
Cash
Accounts receivable
Shop supplies
Office equipment
Shop furniture
Accounts payable
Remy, capital
Service revenue
Rent expense
Telephone and wifi expense
Salary expense
Miscellaneous expense
Transcribed Image Text:Activity 1- ACCHT 221 - RECORDING TRANSACTIONS ; POSTING TO LEDGER AND PREPARATION OF TRIAL BALANCE Remy opened her Tours4Fun business. During the first month, January, she completed the following transactions: Began business by investing cash of P300,000 a office equipment valued at P40,000, shop furniture worth P 65,000. Paid rent for the month, P20,000. Bought additional office equipment from Kapamilya Store on credit, P25,000. a. b. C. Bought shop supplies for cash P8,000. Received P20,000 from Sally for passporting services rendered. Purchased another office equipment for cash for P18,000. Completed work for Novy on credit, at P38,000. Paid telephone and internet services worth P5,200. Paid Kapamilya store in full. Recelved cash from customers for services rendered worth P24,000. Received P18,000 from Novy as partial payment of the amount she owes the Tours4Fun. Paid the salary of the office staff, P15,000. Bought another shop furniture worth P10,000 on credit. Miscellaneous expenses paid during the month were paid worth P27,000. d. e. f. 8. h. 1. J. k. 1. m. n. Using the following Account Titles, answer the questions found in the attached google forms. ACCOUNT TITLES: Cash Accounts receivable Shop supplies Office equipment Shop furniture Accounts payable Remy, capital Service revenue Rent expense Telephone and wifi expense Salary expense Miscellaneous expense
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