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ARRANGE AND PREPARE A BALANCE SHEET Use a Separate Sheet an

ARRANGE AND PREPARE A BALANCE SHEET Use a Separate Sheet an

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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ARRANGE AND PREPARE A BALANCE SHEET Use a Separate Sheet an SET B From the following information, prepare a balance sheet as of December 31, 2021 for Zach's Car Rental Agency owned and operated by Zach Monzon. naman Cash deposited in the name of Zach's Car Rental Agency Savings Account of Zach Monzon Office Furniture and Fixtures Residential House and Lot of Zach Monzon Salaries Payable to Employees Mortgage payable on Residential House and Lot Accounts Payable for overhauling of cars Unpaid household bills Cars Accounts Receivable from clients for use of cars P17,500 20,000 14,500 550,000 www.4,000 96,000 6,000 2,500 2,500,000 30,000
Transcribed Image Text:ARRANGE AND PREPARE A BALANCE SHEET Use a Separate Sheet an SET B From the following information, prepare a balance sheet as of December 31, 2021 for Zach's Car Rental Agency owned and operated by Zach Monzon. naman Cash deposited in the name of Zach's Car Rental Agency Savings Account of Zach Monzon Office Furniture and Fixtures Residential House and Lot of Zach Monzon Salaries Payable to Employees Mortgage payable on Residential House and Lot Accounts Payable for overhauling of cars Unpaid household bills Cars Accounts Receivable from clients for use of cars P17,500 20,000 14,500 550,000 www.4,000 96,000 6,000 2,500 2,500,000 30,000
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