FUNDAMENTALS OF ABM-2Performance- WORK Sheet 4Quarter 2. 5Y 2021-2022Problem illustration:Assume that the unadjusted trial balance of Cardo tailoring Shop as of December31,2021 la as followsCARDO Tailoring ShopUNADJUSTED TRIAL BALANCEDecember 31,2021AccountsDebitCreditP18,6008,0005,0006,00010,000CashAccounts ReceivableNotes ReceivablePrepaid rentFurniture50,000EquipmentAccounts PayableNotes PayableUnearned interest IncomeP6,0004,00060080,000Cardo, CapitalCardo, Drawing5,000Service Income25,00010,0001,000SalariesRent Expense500Interest ExpenseElectricityTOTALS1.500P115,600P115,600Required:1. Prepare a 10-column worksheet2. Accomplish the Unadjusted Trial balance column of the worksheet (Column 1 and 2)

Worksheet - 10 Column Worksheet is the worksheet that contains Unadjusted Trial Balance,…

FUNDAMENTALS OF ABM-2 Performance- WORK Sheet 4 Quarter 2, SY 2021-2022 Problem illustration: Assume that the unadjusted trial balance of Cardo tailoring Shop as of December 31,2021 la as follows. CARDO Taloring Shop UNADIUSTED TRIAL BALANCE December 31,2021 Accounts Debit Credit P18,600 8,000 5,000 6,000 10,000 50,000 Cash Accounts Receivable Notes Receivable Prepaid rent Furniture Equipment Accounts Payable Notes Payable Unearned interest Income Cardo, Capital Cardo,Drawing Service Income P6,000 4,000 600 80,000 5,000 25,000 Salaries 10,000 1,000 500 Rent Expense Interest Expense Electricity TOTALS 1.500 - P115.600 P115.600 Required: 1. Prepare a 10-column worksheet 2. Accomplish the Unadjusted Trial balance column of the worksheet (Column 1 and 2)

FUNDAMENTALS OF ABM-2 Performance- WORK Sheet 4 Quarter 2, SY 2021-2022 Problem illustration: Assume that the unadjusted trial balance of Cardo tailoring Shop as of December 31,2021 la as follows. CARDO Taloring Shop UNADIUSTED TRIAL BALANCE December 31,2021 Accounts Debit Credit P18,600 8,000 5,000 6,000 10,000 50,000 Cash Accounts Receivable Notes Receivable Prepaid rent Furniture Equipment Accounts Payable Notes Payable Unearned interest Income Cardo, Capital Cardo,Drawing Service Income P6,000 4,000 600 80,000 5,000 25,000 Salaries 10,000 1,000 500 Rent Expense Interest Expense Electricity TOTALS 1.500 - P115.600 P115.600 Required: 1. Prepare a 10-column worksheet 2. Accomplish the Unadjusted Trial balance column of the worksheet (Column 1 and 2)

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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