Homework Help is Here – Start Your Trial Now!
Business
Accounting
II. FINANCIAL STATEMENTS The adjusted trial balance of MAQUI FUT MASSAGE PARLOR, as of December 31, 2021, presented below is not in proper order. Prepaid Interest Expense Fut, Drawing /Withdrawal Salary Expense Land 1- 2- 3- Interest Income Building Acc. Depreciation - Bldg. Tax Payable (payable in 10 months) Depreciation Expenses - Bldg. Fut, Capital Notes Receivable Insurance Expense Accounts Receivable Transportation Expense Bank loan payable ( due in 5 years) Service Income Unearned Interest Income Utility Expense Accounts Payable Accrued Interest Payable Allowance for Bad Debts Interest expense Notes Payable (2 years to pay) Unused Office Supplies Dividend income Rent receivable Office Supplies Expense Tools Cash Rent Income P Debit The total revenue/income is The total operating expenses is The net income or (net loss) is 14,000 36,000 100,000 180,000 10,000 40,000 14,000 170,000 4,000 3,000 6,000 2,000 6,000 8,000 4,000 20,000 Credit 16,000 P P P 4,000 18,000 2,000 196,000 130,000 350,000 16,000 67,000 28,000 6,000 50,000 Furniture and Equipment 100,000 Accumulated depreciation - Furniture and equipment Additional information: There was no additional investment during the year. 10,000 16,000 INSTRUCTION: You are required to compute what is being asked and write your answer on the BLANK. A separate computation in a yellow pad should be attached. No computation no credit. 20,000 6

II. FINANCIAL STATEMENTS The adjusted trial balance of MAQUI FUT MASSAGE PARLOR, as of December 31, 2021, presented below is not in proper order. Prepaid Interest Expense Fut, Drawing /Withdrawal Salary Expense Land 1- 2- 3- Interest Income Building Acc. Depreciation - Bldg. Tax Payable (payable in 10 months) Depreciation Expenses - Bldg. Fut, Capital Notes Receivable Insurance Expense Accounts Receivable Transportation Expense Bank loan payable ( due in 5 years) Service Income Unearned Interest Income Utility Expense Accounts Payable Accrued Interest Payable Allowance for Bad Debts Interest expense Notes Payable (2 years to pay) Unused Office Supplies Dividend income Rent receivable Office Supplies Expense Tools Cash Rent Income P Debit The total revenue/income is The total operating expenses is The net income or (net loss) is 14,000 36,000 100,000 180,000 10,000 40,000 14,000 170,000 4,000 3,000 6,000 2,000 6,000 8,000 4,000 20,000 Credit 16,000 P P P 4,000 18,000 2,000 196,000 130,000 350,000 16,000 67,000 28,000 6,000 50,000 Furniture and Equipment 100,000 Accumulated depreciation - Furniture and equipment Additional information: There was no additional investment during the year. 10,000 16,000 INSTRUCTION: You are required to compute what is being asked and write your answer on the BLANK. A separate computation in a yellow pad should be attached. No computation no credit. 20,000 6

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please answer all show solution, will surely given an upvote. Thank you 

II. FINANCIAL STATEMENTS The adjusted trial balance of MAQUI FUT MASSAGE PARLOR, as of December 31, 2021, presented below is not in proper order. Credit Prepaid Interest Expense Fut, Drawing /Withdrawal Salary Expense Land 1- 2- 3- 4. 5- 6- 7. Interest Income Building 8. 9. 10. Acc. Depreciation - Bldg. Tax Payable (payable in 10 months) Depreciation Expenses - Bldg. Fut, Capital Notes Receivable Insurance Expense Accounts Receivable Transportation Expense Bank loan payable ( due in 5 years) Service Income Unearned Interest Income Utility Expense Accounts Payable Accrued Interest Payable Allowance for Bad Debts Interest expense Notes Payable (2 years to pay) Unused Office Supplies Dividend income Rent receivable Office Supplies Expense Tools Cash Rent Income The total revenue/income is The total operating expenses is The net income or (net loss) is P Fut, capital, end / O. equity The total current assets is The total non-current assets is Total assets is Debit Total current liabilities is Total non-current liabilities is Total liabilities is 14,000 36,000 100,000 180,000 10,000 40,000 14,000 170,000 4,000 3,000 6,000 2,000 6,000 8,000 4,000 20,000 P P 16,000 P P P P P 4,000 Furniture and Equipment 100,000 Accumulated depreciation - Furniture and equipment Additional information: There was no additional investment during the year. P P P 18,000 2,000 196,000 130,000 350,000 16,000 INSTRUCTION: You are required to compute what is being asked and write your answer on the BLANK. A separate computation in a yellow pad should be attached. No computation no credit. 67,000 28,000 6,000 50,000 10,000 16,000 20,000 6 7
Transcribed Image Text:II. FINANCIAL STATEMENTS The adjusted trial balance of MAQUI FUT MASSAGE PARLOR, as of December 31, 2021, presented below is not in proper order. Credit Prepaid Interest Expense Fut, Drawing /Withdrawal Salary Expense Land 1- 2- 3- 4. 5- 6- 7. Interest Income Building 8. 9. 10. Acc. Depreciation - Bldg. Tax Payable (payable in 10 months) Depreciation Expenses - Bldg. Fut, Capital Notes Receivable Insurance Expense Accounts Receivable Transportation Expense Bank loan payable ( due in 5 years) Service Income Unearned Interest Income Utility Expense Accounts Payable Accrued Interest Payable Allowance for Bad Debts Interest expense Notes Payable (2 years to pay) Unused Office Supplies Dividend income Rent receivable Office Supplies Expense Tools Cash Rent Income The total revenue/income is The total operating expenses is The net income or (net loss) is P Fut, capital, end / O. equity The total current assets is The total non-current assets is Total assets is Debit Total current liabilities is Total non-current liabilities is Total liabilities is 14,000 36,000 100,000 180,000 10,000 40,000 14,000 170,000 4,000 3,000 6,000 2,000 6,000 8,000 4,000 20,000 P P 16,000 P P P P P 4,000 Furniture and Equipment 100,000 Accumulated depreciation - Furniture and equipment Additional information: There was no additional investment during the year. P P P 18,000 2,000 196,000 130,000 350,000 16,000 INSTRUCTION: You are required to compute what is being asked and write your answer on the BLANK. A separate computation in a yellow pad should be attached. No computation no credit. 67,000 28,000 6,000 50,000 10,000 16,000 20,000 6 7
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting for Property, Plant and Equipment
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS