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Debit Credit P 510,000 Cash Accounts Receivable Allowance for doubtful accounts Prepaid Rent Prepaid Insurance Laundry Supplies 240,000 16,000 120,000 48,000 36,000 420,000

Debit Credit P 510,000 Cash Accounts Receivable Allowance for doubtful accounts Prepaid Rent Prepaid Insurance Laundry Supplies 240,000 16,000 120,000 48,000 36,000 420,000

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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Tell me the Current assets in the photo all assets
Course and Secti 31 3. All Clean Laundry Shop Trial Balance given as follows: 4. December 31, 2020 Debit Credit P 510,000 240,000 Cash Accounts Receivable Allowance for doubtful accounts Prepaid Rent Prepaid Insurance Laundry Supplies Delivery Truck Accumulated Depreciation - Del. Truck Laundry Equipment Accumulated Depreciation - Laundry Equip. Furnitures Accumulated Depreciation - Furnitures Accounts Payable Notes Payable- Bank Unearned Laundry Income Ocampo, Capital Ocampo, Withdrawals Laundry Income Salaries and Wages Expense Travel Expense Gas & Oil Expense Advertising Expense Utilities Expense Telephone Expense Miscellaneous Expense 16,000 120,000 48,000 36,000 420,000 40,000 340,000 7. 60,000 110,000 20,000 9. 100,000 400,000 40,000 10. 580 800 Rec 64,000 930,000 1. 2. 213,600 12,000 24,000 18,000 6,000 10,000 15,200 Totals P 2,186,800 P 2,186.800 326 420 9
Transcribed Image Text:Course and Secti 31 3. All Clean Laundry Shop Trial Balance given as follows: 4. December 31, 2020 Debit Credit P 510,000 240,000 Cash Accounts Receivable Allowance for doubtful accounts Prepaid Rent Prepaid Insurance Laundry Supplies Delivery Truck Accumulated Depreciation - Del. Truck Laundry Equipment Accumulated Depreciation - Laundry Equip. Furnitures Accumulated Depreciation - Furnitures Accounts Payable Notes Payable- Bank Unearned Laundry Income Ocampo, Capital Ocampo, Withdrawals Laundry Income Salaries and Wages Expense Travel Expense Gas & Oil Expense Advertising Expense Utilities Expense Telephone Expense Miscellaneous Expense 16,000 120,000 48,000 36,000 420,000 40,000 340,000 7. 60,000 110,000 20,000 9. 100,000 400,000 40,000 10. 580 800 Rec 64,000 930,000 1. 2. 213,600 12,000 24,000 18,000 6,000 10,000 15,200 Totals P 2,186,800 P 2,186.800 326 420 9
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