I need the adjusted trial balance thanks Account TitlesDebitCreditCash in Bank2,150Accounts ReceivableEstimated Uncollectible AccountUnused SuppliesPrepaid RentDelivery TrucksAccumulated Depreciation – Delivery TruckAccounts PayableJean Tan, CapitalJean Tan, DrawingTrucking IncomeTaxes & LicensesRepairs and MaintenanceSalaries and WagesInsurance ExpenseUtilities Expense320,0007,00025,00070,0003,000,000185,00060,0003,215,65050,000395,0008,50097,000240,00010,00040,000ТOTALP 3,862,650P 3,862,6501. Provision for Uncollectible Account should be adjusted to equal 5% of the outstanding accountsreceivable.2. Prepaid rent that has expired, P35,000.3. Unexpired portion of insurance premium, P6,000.4. Unrecorded depreciation, P132,000.5. Unpaid salaries and wages, P20,000.6. Supplies on Hand P10,000.

Adjusting entries must be passed at the year-end to record all the expenses and incomes related to…

Account Titles Debit Credit Cash in Bank Accounts Receivable Estimated Uncollectible Account Unused Supplies Prepaid Rent Delivery Trucks Accumulated Depreciation - Delivery Truck Accounts Payable Jean Tan, Capital Jean Tan, Drawing Trucking Income Taxes & Licenses Repairs and Maintenance Salaries and Wages Insurance Expense Utilities Expense TOTAL 2,150 320,000 7,000 25,000 70,000 3,000,000 185,000 60,000 3,215,650 50,000 395,000 8,500 97,000 240,000 10,000 40,000 P 3,862,650 P 3,862,650 1. Provision for Uncollectible Account should be adjusted to equal 5% of the outstanding accounts receivable. 2. Prepaid rent that has expired, P35,000. 3. Unexpired portion of insurance premium, P6,000. 4. Unrecorded depreciation, P132,000. 5. Unpaid salaries and wages, P20,000. 6. Supplies on Hand P10,000.

Account Titles Debit Credit Cash in Bank Accounts Receivable Estimated Uncollectible Account Unused Supplies Prepaid Rent Delivery Trucks Accumulated Depreciation - Delivery Truck Accounts Payable Jean Tan, Capital Jean Tan, Drawing Trucking Income Taxes & Licenses Repairs and Maintenance Salaries and Wages Insurance Expense Utilities Expense TOTAL 2,150 320,000 7,000 25,000 70,000 3,000,000 185,000 60,000 3,215,650 50,000 395,000 8,500 97,000 240,000 10,000 40,000 P 3,862,650 P 3,862,650 1. Provision for Uncollectible Account should be adjusted to equal 5% of the outstanding accounts receivable. 2. Prepaid rent that has expired, P35,000. 3. Unexpired portion of insurance premium, P6,000. 4. Unrecorded depreciation, P132,000. 5. Unpaid salaries and wages, P20,000. 6. Supplies on Hand P10,000.

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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