Balance of Deprec

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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Balance of Depreciation Expense
The trial balance for Ariel Certified Cleaners appears as follows:
Ariel Certified Cleaners
Trial Balance
Sept. 30, 2015
Debit
Credit
Cash
B117,880
Accounts Receivable
264,940
Prepaid Insurance
34,000
Cleaning Supplies
Land
73,740
180,000
Building
1,850,000
Accumulated Depreciation - Building
B456,000
Accounts Payable
204,000
Uneamed Cleaning Revenues
16,000
Mortgage Payable
Ariel, Capital
Ariel, Withdrawals
1,100,000
565,600
100,000
Cleaning Revenues
Salaries Expense
1,576,340
1,013,300
Cleaning Equipment Rental Expense
60,000
Delivery Truck Expense
43,740
Interest Expense
110,000
Other Expense
70,340
Total :
P3,917,940
P3,917,940
Your answer
Transcribed Image Text:Balance of Depreciation Expense The trial balance for Ariel Certified Cleaners appears as follows: Ariel Certified Cleaners Trial Balance Sept. 30, 2015 Debit Credit Cash B117,880 Accounts Receivable 264,940 Prepaid Insurance 34,000 Cleaning Supplies Land 73,740 180,000 Building 1,850,000 Accumulated Depreciation - Building B456,000 Accounts Payable 204,000 Uneamed Cleaning Revenues 16,000 Mortgage Payable Ariel, Capital Ariel, Withdrawals 1,100,000 565,600 100,000 Cleaning Revenues Salaries Expense 1,576,340 1,013,300 Cleaning Equipment Rental Expense 60,000 Delivery Truck Expense 43,740 Interest Expense 110,000 Other Expense 70,340 Total : P3,917,940 P3,917,940 Your answer
Balance of Accumulated
Depreciation - Building
The trial balance for Ariel Certified Cleaners appears as follows:
Ariel Certified Cleaners
Trial Balance
Sept. 30, 2015
Debit
Credit
Cash
B117,880
Accounts Receivable
264,940
Prepaid Insurance
34,000
Cleaning Supplies
73,740
Land
180,000
Building
1,850,000
Accumulated Depreciation - Building
9456,000
Accounts Payable
204,000
Uneamed Cleaning Revenues
16,000
Mortgage Payable
1,100,000
Ariel, Capital
565,600
Ariel, Withdrawals
100,000
Cleaning Revenues
1,576,340
Salaries Expense
1,013,300
Cleaning Equipment Rental Expense
60,000
Delivery Truck Expense
Interest Expense
43,740
110,000
Other Expense
70,340
Total :
P3,917,940
P3,917,940
Your answer
Transcribed Image Text:Balance of Accumulated Depreciation - Building The trial balance for Ariel Certified Cleaners appears as follows: Ariel Certified Cleaners Trial Balance Sept. 30, 2015 Debit Credit Cash B117,880 Accounts Receivable 264,940 Prepaid Insurance 34,000 Cleaning Supplies 73,740 Land 180,000 Building 1,850,000 Accumulated Depreciation - Building 9456,000 Accounts Payable 204,000 Uneamed Cleaning Revenues 16,000 Mortgage Payable 1,100,000 Ariel, Capital 565,600 Ariel, Withdrawals 100,000 Cleaning Revenues 1,576,340 Salaries Expense 1,013,300 Cleaning Equipment Rental Expense 60,000 Delivery Truck Expense Interest Expense 43,740 110,000 Other Expense 70,340 Total : P3,917,940 P3,917,940 Your answer
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