ASSIMILATION ABM Company POST-CLOSING TRIAL BALANCE Dec. 31, 2016 Accounts Cash in Bank Petty Cash Fund Account Receivable Allowance for Bad debts Notes Receivable TOTAL Р Merchandise Inventory Prepaid Expenses Furniture Acc. Dep.-Fumiture Transportation Equipment Acc. Dep. – Transpo Equipment Accounts Payable Notes Payable-Non Current SSS, Philhealth, HDMF Payable Withholding Taxes Payable Accrued Expenses Pinky Ramos, Capital Debit 123,153 10,000 659,340 132.200 774,307 3.200 900,000 1,400,000 4,002,200 Requirement 2: Prepare Statement of Financial Position as of Dec. 31, 2016. A Account Form B. Report Form Credit 15,000 45,000 140,000 960,300 234,000 4,000 2,600 1,300 2,600,000 4,002,200
ASSIMILATION ABM Company POST-CLOSING TRIAL BALANCE Dec. 31, 2016 Accounts Cash in Bank Petty Cash Fund Account Receivable Allowance for Bad debts Notes Receivable TOTAL Р Merchandise Inventory Prepaid Expenses Furniture Acc. Dep.-Fumiture Transportation Equipment Acc. Dep. – Transpo Equipment Accounts Payable Notes Payable-Non Current SSS, Philhealth, HDMF Payable Withholding Taxes Payable Accrued Expenses Pinky Ramos, Capital Debit 123,153 10,000 659,340 132.200 774,307 3.200 900,000 1,400,000 4,002,200 Requirement 2: Prepare Statement of Financial Position as of Dec. 31, 2016. A Account Form B. Report Form Credit 15,000 45,000 140,000 960,300 234,000 4,000 2,600 1,300 2,600,000 4,002,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![ASSIMILATION
·
ABM Company
POST-CLOSING TRIAL BALANCE
Dec. 31, 2016
Accounts
Cash in Bank
Petty Cash Fund
Account Receivable
Allowance for Bad debts
Notes Receivable
Merchandise Inventory
Prepaid Expenses
Furniture
Acc. Dep. - Furniture
Transportation Equipment
Acc. Dep.- Transpo Equipment
Accounts Payable
Notes Payable-Non Current
SSS, Philhealth, HDMF Payable
Withholding Taxes Payable
Accrued Expenses
Pinky Ramos, Capital
TOTAL
Debit
123,153
10,000
659,340
132.200
774,307
3,200
900,000
1,400,000
4,002,200
P
Requirement 2: Prepare Statement of Financial Position as of Dec. 31, 2016.
A Account Form
B. Report Form
Credit
15,000
45,000
140,000
960,300
234,000
4,000
2.600
1,300
2,600,000
4,002,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F180e22d4-6906-4499-a29c-946dbd9036de%2F19cf5079-87d1-4a3e-a711-51a262f9d56b%2Fcywrcbm_processed.png&w=3840&q=75)
Transcribed Image Text:ASSIMILATION
·
ABM Company
POST-CLOSING TRIAL BALANCE
Dec. 31, 2016
Accounts
Cash in Bank
Petty Cash Fund
Account Receivable
Allowance for Bad debts
Notes Receivable
Merchandise Inventory
Prepaid Expenses
Furniture
Acc. Dep. - Furniture
Transportation Equipment
Acc. Dep.- Transpo Equipment
Accounts Payable
Notes Payable-Non Current
SSS, Philhealth, HDMF Payable
Withholding Taxes Payable
Accrued Expenses
Pinky Ramos, Capital
TOTAL
Debit
123,153
10,000
659,340
132.200
774,307
3,200
900,000
1,400,000
4,002,200
P
Requirement 2: Prepare Statement of Financial Position as of Dec. 31, 2016.
A Account Form
B. Report Form
Credit
15,000
45,000
140,000
960,300
234,000
4,000
2.600
1,300
2,600,000
4,002,200
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