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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
I need the adjusted trial balance thanks
Transcribed Image Text:Account Titles
Debit
Credit
Cash in Bank
2,150
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
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
ТOTAL
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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education