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 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 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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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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