Black Diamond Pawnshop Trial Balance June 30, 2020 Cash in Bank 210,000.45 Petty Cash Fund 999.55 Loan Pledge Receivable 218,000.00 Furniture and Fixtures 85,000.00 Vaults and Other Equipment 110,000.00 Accounts Payable 20,000.00 SsS Premium Payable Philhealth Premium Payable 1,888.00 550.00 B. Pozon, Capital 518,639.80 B. Pozon, Withdrawals 10,000.00 Interest Income 79,113.00 ServiceFee 1,056.00 Interest Past Due 32,015.65 Liquidated Damage 28,074.35 Miscellaneous Income 2,000.00 Gain on Auction Sale 15,000.00 Taxes and Licenses 4,576.00 Postage and Communication 2,325.00 Salaries Expense 22,000.00 Rent Expense 29,000.00 Utilities Expense SsS Contribution Expense 5,000.00 1,154.80 Philhealth Contributions Expense 275.00 Required: Prepare a trial balance

Black Diamond Pawnshop Trial Balance June 30, 2020 Cash in Bank 210,000.45 Petty Cash Fund 999.55 Loan Pledge Receivable 218,000.00 Furniture and Fixtures 85,000.00 Vaults and Other Equipment 110,000.00 Accounts Payable 20,000.00 SsS Premium Payable Philhealth Premium Payable 1,888.00 550.00 B. Pozon, Capital 518,639.80 B. Pozon, Withdrawals 10,000.00 Interest Income 79,113.00 ServiceFee 1,056.00 Interest Past Due 32,015.65 Liquidated Damage 28,074.35 Miscellaneous Income 2,000.00 Gain on Auction Sale 15,000.00 Taxes and Licenses 4,576.00 Postage and Communication 2,325.00 Salaries Expense 22,000.00 Rent Expense 29,000.00 Utilities Expense SsS Contribution Expense 5,000.00 1,154.80 Philhealth Contributions Expense 275.00 Required: Prepare a trial balance

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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Question

Time:
Black Diamond Pawnshop
Trial Balance
June 30, 2020
Cash in Bank
210,000.45
Petty Cash Fund
999.55
Loan Pledge Receivable
218,000.00
Furniture and Fixtures
85,000.00
Vaults and Other Equipment
110,000.00
Accounts Payable
20,000.00
SSS Premium Payable
1,888.00
Philhealth Premium Payable
550.00
B. Pozon, Capital
518,639.80
B. Pozon, Withdrawals
10,000.00
Interest Income
79,113.00
Service Fee
1,056.00
Interest Past Due
32,015.65
Liquidated Damage
28,074.35
Miscellaneous Income
2,000.00
Gain on Auction Sale
15,000.00
Taxes and Licenses
4,576.00
Postage and Communication
2,325.00
Salaries Expense
22,000.00
Rent Expense
29,000.00
Utilities Expense
5,000.00
Sss Contribution Expense
Philhealth Contributions Expense
1,154.80
275.00
Required: Prepare a trial balance

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