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2021 are as follows: Accounts receivable P 29,250 Unearned Fees P 26,500 Supplies 2,700 Fees Earned 299,800 Prepaid Rent 18,000 Salary Expense 60,000 Equipment 70,000 Rent Expense 24,000 Accumulated Depreciation 14,000 Supplies Expense Salary Payable 0 Depreciation Expense Lopez has a P 136,350 cash on hand balance on December 31, 2021. Required: 1. Prepare the Unadjusted Trial balance as of December 31, 2021 for Lopez Realty Agency

2021 are as follows: Accounts receivable P 29,250 Unearned Fees P 26,500 Supplies 2,700 Fees Earned 299,800 Prepaid Rent 18,000 Salary Expense 60,000 Equipment 70,000 Rent Expense 24,000 Accumulated Depreciation 14,000 Supplies Expense Salary Payable 0 Depreciation Expense Lopez has a P 136,350 cash on hand balance on December 31, 2021. Required: 1. Prepare the Unadjusted Trial balance as of December 31, 2021 for Lopez Realty Agency

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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Selected account balances before adjustments for Lopez Realty Agency on December 31, 2021 are as follows: Accounts receivable P 29,250 Unearned Fees P 26,500 Supplies 2,700 Fees Earned 299,800 Prepaid Rent 18,000 Salary Expense 60,000 Equipment 70,000 Rent Expense 24,000 Accumulated Depreciation 14,000 Supplies Expense Salary Payable O Depreciation Expense Lopez has a P 136,350 cash on hand balance on December 31, 2021. Required: 1. Prepare the Unadjusted Trial balance as of December 31, 2021 for Lopez Realty Agency.
Transcribed Image Text:Selected account balances before adjustments for Lopez Realty Agency on December 31, 2021 are as follows: Accounts receivable P 29,250 Unearned Fees P 26,500 Supplies 2,700 Fees Earned 299,800 Prepaid Rent 18,000 Salary Expense 60,000 Equipment 70,000 Rent Expense 24,000 Accumulated Depreciation 14,000 Supplies Expense Salary Payable O Depreciation Expense Lopez has a P 136,350 cash on hand balance on December 31, 2021. Required: 1. Prepare the Unadjusted Trial balance as of December 31, 2021 for Lopez Realty Agency.
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