Jelai Hardware transactions as of Dec. 31, 2019 P130,115.00 30,000.00 125,750.00 4,835.00 785,345.00 6,000.00 3,750.00 120,000.00 36,000.00 60,000.00 18,000.00 48,000.00 335,535.00 50,000.00 10,550.00 586,230.00 1,950,345.00 16,750.00 24,820.00 1,320,500.00 12,585.00 20,350.00 31,475.00 115,600.00 18,000.00 Cash Note Receivable Account Receivable Allowable for Doubtful Accounts Merchandise inventory Prepaid Insurance Office Supplies Store Equipment Accumulated Dep-Eqpt. Office Equipment Accumulated Dep. Office eqpt. Grace Zamora Drawing Accounts Payable Notes Payable VAT Payable Grace Zamora Capital Sales Sales Return & allowances Sales discounts Purchases Purchase Return & allowances Purchase discounts Transportation In Sales salary expense Advertisement expense
Jelai Hardware transactions as of Dec. 31, 2019 P130,115.00 30,000.00 125,750.00 4,835.00 785,345.00 6,000.00 3,750.00 120,000.00 36,000.00 60,000.00 18,000.00 48,000.00 335,535.00 50,000.00 10,550.00 586,230.00 1,950,345.00 16,750.00 24,820.00 1,320,500.00 12,585.00 20,350.00 31,475.00 115,600.00 18,000.00 Cash Note Receivable Account Receivable Allowable for Doubtful Accounts Merchandise inventory Prepaid Insurance Office Supplies Store Equipment Accumulated Dep-Eqpt. Office Equipment Accumulated Dep. Office eqpt. Grace Zamora Drawing Accounts Payable Notes Payable VAT Payable Grace Zamora Capital Sales Sales Return & allowances Sales discounts Purchases Purchase Return & allowances Purchase discounts Transportation In Sales salary expense Advertisement expense
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 14P: Analyzing Accounts Receivable Upham Companys June 30, 2019, balance sheet included the following...
Related questions
Question
100%
Please help me I tried answering it but I cannot balance my debit and credit.
Requirements are:
![Transpo Out
Depreciation Expense Ept.
Misc. Selling expense
Office Salary expense
Rent expense
Insurance Expense
Supplies expense
Таx expense
Depreciation Expense, Office eqpt.
Bad debts expense
Misc. General expense
12,260.00
12,000.00
6,875.00
65,900.00
48,000.00
9,000.00
8,650.00
6,750.00
6,000.00
2,515.00
4,975.00
600.00
Interest Income
Interest expense
6,000.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1b4fb86f-bc77-4efa-b704-1de32223fdc9%2F4a7da2f5-5a1b-40d8-a662-a2e03cfae8fc%2F7he4fdx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Transpo Out
Depreciation Expense Ept.
Misc. Selling expense
Office Salary expense
Rent expense
Insurance Expense
Supplies expense
Таx expense
Depreciation Expense, Office eqpt.
Bad debts expense
Misc. General expense
12,260.00
12,000.00
6,875.00
65,900.00
48,000.00
9,000.00
8,650.00
6,750.00
6,000.00
2,515.00
4,975.00
600.00
Interest Income
Interest expense
6,000.00
![Jelai Hardware transactions as of Dec. 31, 2019
Cash
Note Receivable
Account Receivable
Allowable for Doubtful Accounts
Merchandise inventory
Prepaid Insurance
Office Supplies
Store Equipment
Accumulated Dep-Eqpt.
Office Equipment
Accumulated Dep. Office eqpt.
Grace Zamora Drawing
Accounts Payable
Notes Payable
VAT Payable
Grace Zamora Capital
Sales
Sales Return & allowances
Sales discounts
Purchases
P130,115.00
30,000.00
125,750.00
4,835.00
785,345.00
6,000.00
3,750.00
120,000.00
36,000.00
60,000.00
18,000.00
48,000.00
335,535.00
50,000.00
10,550.00
586,230.00
1,950,345.00
16,750.00
24,820.00
1,320,500.00
12,585.00
20,350.00
31,475.00
115,600.00
18,000.00
Purchase Return & allowances
Purchase discounts
Transportation In
Sales salary expense
Advertisement expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1b4fb86f-bc77-4efa-b704-1de32223fdc9%2F4a7da2f5-5a1b-40d8-a662-a2e03cfae8fc%2Fp0toawt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Jelai Hardware transactions as of Dec. 31, 2019
Cash
Note Receivable
Account Receivable
Allowable for Doubtful Accounts
Merchandise inventory
Prepaid Insurance
Office Supplies
Store Equipment
Accumulated Dep-Eqpt.
Office Equipment
Accumulated Dep. Office eqpt.
Grace Zamora Drawing
Accounts Payable
Notes Payable
VAT Payable
Grace Zamora Capital
Sales
Sales Return & allowances
Sales discounts
Purchases
P130,115.00
30,000.00
125,750.00
4,835.00
785,345.00
6,000.00
3,750.00
120,000.00
36,000.00
60,000.00
18,000.00
48,000.00
335,535.00
50,000.00
10,550.00
586,230.00
1,950,345.00
16,750.00
24,820.00
1,320,500.00
12,585.00
20,350.00
31,475.00
115,600.00
18,000.00
Purchase Return & allowances
Purchase discounts
Transportation In
Sales salary expense
Advertisement expense
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 3 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,