25. Salaries and Wages Expense account was debited Increased Decreased Lesson 3 Preparation of the Trial Balance EXTEND Lampad, alin gake 3 -A Pm Name: Time: The following problem is a continuation to Lesson 2. Use your solutions to made in Lesson 2. Do requirement no. 3 for this lesson: The following John Karlo Dalangin, a dentist, established Dalagan Clinic. transactions occurred during June of this year: a. Dalangin deposited P280,000 in a bank account in the name of the business. b. Boughta 3-in-1 office equipment from Pitular Equipment for P4,950 paying P1,000 in cash and the balance on account. c. Bought waiting room chairs and a table, paying cash, P12,300. d. Bought office intercom on account from NE office Supply, P2,750. e. Received and paid the telephone bill, P1,080. f. Performed professional services on account, P12,940. g. Received and paid the electric bill, P1,850. h. Received and paid the bill for the Regional Dental Convention, P3,500. i. Performed professional services for cash, P17,650. j. Partially settled accounts with NE Office Supply, P1,000. k. Paid rent for the month, P8,400. 1. Paid salaries of the part-time receptionist, P3,500. m. Dalangin withdrew cash for personal use, P8,500. n. Received P5,500 on account from patients who were previously billed. Required: 1. Establish the following accounts in the Ledger: Cash; Accounts Receivable; Office Equipment; Office Furniture; Accounts Payable; Dalangin, Capital; Dalangin, Withdrawals; Professional Fees; Salaries Expense; Rent Expense; Utilities Expense and Miscellaneous Expense. 2. Record the transactions directly into the Ledger using the alphabets to identify each transaction. Use the sample format below. 3. Prepare the trial balance. (use the blank journal paper in lesson 1)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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25.
Salaries and Wages Expense account was debited
Increased
Decreased
Lesson 3
Preparation of the Trial Balance
EXTEND
Lampad,alin
gake
3-4 Pm
Name:
Time:
The following problem is a continuation to Lesson 2. Use your solutions to
made in Lesson 2. Do requirement no. 3 for this lesson:
John Karlo Dalangin, a dentist, established Dalagan Clinic. The following
transactions occurred during June of this year:
a. Dalangin deposited P280,000 in a bank account in the name of the
business.
b. Bought a 3-in-1 office equipment from Pitular Equipment for P4,950
paying P1,000 in cash and the balance on account.
c. Bought waiting room chairs and a table, paying cash, P12,300.
d. Bought office intercom on account from NE office Supply, P2,750.
e. Received and paid the telephone bill, P1,080.
f. Performed professional services on account, P12,940.
g. Received and paid the electric bill, P1,850.
h. Received and paid the bill for the Regional Dental Convention, P3,500.
i. Performed professional services for cash, P17,650.
j. Partially settled accounts with NE Office Supply, P1,000.
k. Paid rent for the month, P8,400.
1. Paid salaries of the part-time receptionist, P3,500.
m. Dalangin withdrew cash for personal use, P8,500.
n. Received P5,500 on account from patients who were previously billed.
Required:
1. Establish the following accounts in the Ledger: Cash; Accounts
Receivable; Office Equipment; Office Furniture; Accounts Payable;
Dalangin, Capital; Dalangin, Withdrawals; Professional Fees; Salaries
Expense; Rent Expense; Utilities Expense and Miscellaneous Expense.
2. Record the transactions directly into the Ledger using the alphabets
to identify each transaction. Use the sample format below.
3. Prepare the trial balance. (use the blank journal paper in lesson 1)
EVALUATE
3-A Pm
iampod, avinjake
Name:
Time:
Presented below is a trial balance of Elenita Dedumo which was prepared by
an unexperienced bookkeeper:
Transcribed Image Text:25. Salaries and Wages Expense account was debited Increased Decreased Lesson 3 Preparation of the Trial Balance EXTEND Lampad,alin gake 3-4 Pm Name: Time: The following problem is a continuation to Lesson 2. Use your solutions to made in Lesson 2. Do requirement no. 3 for this lesson: John Karlo Dalangin, a dentist, established Dalagan Clinic. The following transactions occurred during June of this year: a. Dalangin deposited P280,000 in a bank account in the name of the business. b. Bought a 3-in-1 office equipment from Pitular Equipment for P4,950 paying P1,000 in cash and the balance on account. c. Bought waiting room chairs and a table, paying cash, P12,300. d. Bought office intercom on account from NE office Supply, P2,750. e. Received and paid the telephone bill, P1,080. f. Performed professional services on account, P12,940. g. Received and paid the electric bill, P1,850. h. Received and paid the bill for the Regional Dental Convention, P3,500. i. Performed professional services for cash, P17,650. j. Partially settled accounts with NE Office Supply, P1,000. k. Paid rent for the month, P8,400. 1. Paid salaries of the part-time receptionist, P3,500. m. Dalangin withdrew cash for personal use, P8,500. n. Received P5,500 on account from patients who were previously billed. Required: 1. Establish the following accounts in the Ledger: Cash; Accounts Receivable; Office Equipment; Office Furniture; Accounts Payable; Dalangin, Capital; Dalangin, Withdrawals; Professional Fees; Salaries Expense; Rent Expense; Utilities Expense and Miscellaneous Expense. 2. Record the transactions directly into the Ledger using the alphabets to identify each transaction. Use the sample format below. 3. Prepare the trial balance. (use the blank journal paper in lesson 1) EVALUATE 3-A Pm iampod, avinjake Name: Time: Presented below is a trial balance of Elenita Dedumo which was prepared by an unexperienced bookkeeper:
Date
Particulars
P.R.
Debit
Credit
Balance
2.
3
4.
4.
7.
10
11
12
13
14
15
16
17
18
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
19
20
21
22
23
24
25
25
26
26
27
27
28
28
29
29
30
31
30
31
32
33
32
33
34
34
35
36
35\
36
37
38
37
38
39
39
40
40
41
42
43
41
42
43
44
44
45
45
46
46
47
47
48
48
49
49
50
50
51
51
52
52
53
54
55
53
54
55
56
56
57
57
58.
58
59
59
60
61
10
EEEEEEE
267
234 567
Transcribed Image Text:Date Particulars P.R. Debit Credit Balance 2. 3 4. 4. 7. 10 11 12 13 14 15 16 17 18 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 19 20 21 22 23 24 25 25 26 26 27 27 28 28 29 29 30 31 30 31 32 33 32 33 34 34 35 36 35\ 36 37 38 37 38 39 39 40 40 41 42 43 41 42 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 53 54 55 53 54 55 56 56 57 57 58. 58 59 59 60 61 10 EEEEEEE 267 234 567
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