epaid insurance expired, P 6,000. erest revenue Accrued, P 41,000. Learned service revenue earned, P8,000. preciation, P 62,000 ployee salaries owed for two days of a five-day workweek: Task 2: Journalize the entries for the following adjustments unting period: Account Titles Debit
epaid insurance expired, P 6,000. erest revenue Accrued, P 41,000. Learned service revenue earned, P8,000. preciation, P 62,000 ployee salaries owed for two days of a five-day workweek: Task 2: Journalize the entries for the following adjustments unting period: Account Titles Debit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
PLEASE SKIP IF YOU ALREADY DID THIS
![Santos
LaN Fin
Nork sheet
month ended December 31, 2016
Adjusted
Trial balance
CR
DR
385,800
90,000
1,000
100,000
1,200,000
1,000
1,000,000
600,000
40.000
250,000
f.
Jaime
For the
Adjustments
DR
OR
(2) 4,000
Trial Balance
OR
cash
DR
985,800
Accounts Receivable 90,000
Office Supplies 5,000
Computer Equipment 100,000
Condominium Unit 1,200,000
Accounts Payable
Note Payable
1,000
1.000,000
600,000
Jaine Santos, Capital
Jaine Santos,
40,000
with drainals
Service Revenue
250.000
(3) 5,000
utilities Expense 6.200
Salary Expense. 15,000
Transportation Expore 9,000
Total
1,231,000 1,851.000
Step 1
(1) 10,000
Interest Receivable
(2) 4,000
Interest Incone
Office Supplies Exp.
Salary Payable
5,000
Depreciation Expens-
(4) 10,000
Computer Equipment
Depreciation Expons-
4 (20,000)
Condominium unit
Accumulated
Depreciation-
10.000
10,000
Computer Equipment
Accumulated
Pepreciation-
Condominium whit
20,000
1,896,000 1,896,000
Not Incone
49,000
240,000
69,200
190,800
260,000
20,000
1,826, 800 1. 696,000
190,800
260, 000 1.826, 800 1,224.800
STEP 45
STEP 12 ←
STEP 3
Learning Task 2: Journalize the entries for the following adjustments on December 31, the ed of
the accounting period:
a. Prepaid insurance expired, P 6,000.
b. Interest revenue Accrued, P 41,000.
C. Unearned service revenue earned, P8,000.
d. Depreciation, P 62,000
e. Employee salaries owed for two days of a five-day workweek: weekly payroll, P 90,000.
Learning Task 2: Journalize the entries for the following adjustments on December 31, the end
of the accounting period:
Account Titles
Debit
Credit
a.
b.
C.
d.
e.
(1) 10,000
(3) 5,000
6,200
20.000
9,000
10,000
4,000
10,000
20,000
(4) 10,000
(4) 20,000
49,000
Income statement Balance sheet
DR
CR
CR
DR
385,800
90,000
1,000
100,000
1,200,000
1,000
1,000,000
600,000
40,000
10,000
5,000
6, 200
20,000
9,000
4,000
10,000
20,000
250,000
10,000
10,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa99852df-c842-462a-a46f-ed378b3107be%2F4bf381c5-d83b-4fcd-b0a7-1edf4b62fc4a%2Fan4eaaq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Santos
LaN Fin
Nork sheet
month ended December 31, 2016
Adjusted
Trial balance
CR
DR
385,800
90,000
1,000
100,000
1,200,000
1,000
1,000,000
600,000
40.000
250,000
f.
Jaime
For the
Adjustments
DR
OR
(2) 4,000
Trial Balance
OR
cash
DR
985,800
Accounts Receivable 90,000
Office Supplies 5,000
Computer Equipment 100,000
Condominium Unit 1,200,000
Accounts Payable
Note Payable
1,000
1.000,000
600,000
Jaine Santos, Capital
Jaine Santos,
40,000
with drainals
Service Revenue
250.000
(3) 5,000
utilities Expense 6.200
Salary Expense. 15,000
Transportation Expore 9,000
Total
1,231,000 1,851.000
Step 1
(1) 10,000
Interest Receivable
(2) 4,000
Interest Incone
Office Supplies Exp.
Salary Payable
5,000
Depreciation Expens-
(4) 10,000
Computer Equipment
Depreciation Expons-
4 (20,000)
Condominium unit
Accumulated
Depreciation-
10.000
10,000
Computer Equipment
Accumulated
Pepreciation-
Condominium whit
20,000
1,896,000 1,896,000
Not Incone
49,000
240,000
69,200
190,800
260,000
20,000
1,826, 800 1. 696,000
190,800
260, 000 1.826, 800 1,224.800
STEP 45
STEP 12 ←
STEP 3
Learning Task 2: Journalize the entries for the following adjustments on December 31, the ed of
the accounting period:
a. Prepaid insurance expired, P 6,000.
b. Interest revenue Accrued, P 41,000.
C. Unearned service revenue earned, P8,000.
d. Depreciation, P 62,000
e. Employee salaries owed for two days of a five-day workweek: weekly payroll, P 90,000.
Learning Task 2: Journalize the entries for the following adjustments on December 31, the end
of the accounting period:
Account Titles
Debit
Credit
a.
b.
C.
d.
e.
(1) 10,000
(3) 5,000
6,200
20.000
9,000
10,000
4,000
10,000
20,000
(4) 10,000
(4) 20,000
49,000
Income statement Balance sheet
DR
CR
CR
DR
385,800
90,000
1,000
100,000
1,200,000
1,000
1,000,000
600,000
40,000
10,000
5,000
6, 200
20,000
9,000
4,000
10,000
20,000
250,000
10,000
10,000
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