Tell me the Current assets in the photo all assets Course and Secti313.All Clean Laundry ShopTrial Balancegiven as follows:4.December 31, 2020DebitCreditP 510,000240,000CashAccounts ReceivableAllowance for doubtful accountsPrepaid RentPrepaid InsuranceLaundry SuppliesDelivery TruckAccumulated Depreciation - Del. TruckLaundry EquipmentAccumulated Depreciation - Laundry Equip.FurnituresAccumulated Depreciation - FurnituresAccounts PayableNotes Payable- BankUnearned Laundry IncomeOcampo, CapitalOcampo, WithdrawalsLaundry IncomeSalaries and Wages ExpenseTravel ExpenseGas & Oil ExpenseAdvertising ExpenseUtilities ExpenseTelephone ExpenseMiscellaneous Expense16,000120,00048,00036,000420,00040,000340,0007.60,000110,00020,0009.100,000400,00040,00010.580 800Rec64,000930,0001.2.213,60012,00024,00018,0006,00010,00015,200TotalsP 2,186,800P 2,186.800326420 9

Following are the current assets Cash…

Answered: Debit Credit P 510,000 Cash Accounts…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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

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