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On Sept. 1, the entity signed a contract, effective immediately, with Lei Hospital to dry clean, for a fixed monthly charge of P4,000, the uniforms used by doctors in surgery. The hospital paid for four months' service in advance. (Liability Method) Credit: Cete C n as tolo A Cered Ce De C Ca Acc ce Peped Cny ppen 340 Ceang 2040 000 M Cat 100 000

On Sept. 1, the entity signed a contract, effective immediately, with Lei Hospital to dry clean, for a fixed monthly charge of P4,000, the uniforms used by doctors in surgery. The hospital paid for four months' service in advance. (Liability Method) Credit: Cete C n as tolo A Cered Ce De C Ca Acc ce Peped Cny ppen 340 Ceang 2040 000 M Cat 100 000

Intermediate Accounting: Reporting And Analysis
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 11RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...
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On Sept. 1, the entity signed a contract, effective immediately, with Lei Hospital to dry clean, for a fixed monthly charge of P4,000, the uniforms used by doctors in surgery. The hospital paid for four months' service in advance. (Liability Method) Credit: The baane tr Are Cenfed Ceaners aceas as fowg Ar Cerifed Cleaners Trial Balance Sept. 30, 2015 Debit Credt Ca Accounts Receabe Prepad insurance 24 40 34 000 Cearng Supples Land Bding Accumulated DepreciatonBudng Accounts Paye Uneamed Ceaing Revenes Mortgage Payae 73740 100 000 1 000 NS.000 204 000 16000 00 000 Are Capta Arel d 545 600 100 000 san O Salaries Epere Clearing Eoement Rental Epense Delvery Truck Epense 1013300 60000 43.740 eret tperse 70340 PA1740 Oher Eperse Total O Delivery Truck Expense O Interest Expense O Cleaning Equipment Rental Expense O Interest Payable O Mortgage Payable O Salaries Expense O Insurance Expense Accumulated Depreciation - Building O Accounts Payable O Cleaning Supplies Expense O Ariel, Capital O Accounts Receivable O Land O Cash O Cleaning Supplies O Building O Ariel, Withdrawals O Depreciation Expense-Building O Salaries Payable O Unearned Cleaning Revenues O Prepaid Insurance O Cleaning Revenues O O O O O O O O
Transcribed Image Text:On Sept. 1, the entity signed a contract, effective immediately, with Lei Hospital to dry clean, for a fixed monthly charge of P4,000, the uniforms used by doctors in surgery. The hospital paid for four months' service in advance. (Liability Method) Credit: The baane tr Are Cenfed Ceaners aceas as fowg Ar Cerifed Cleaners Trial Balance Sept. 30, 2015 Debit Credt Ca Accounts Receabe Prepad insurance 24 40 34 000 Cearng Supples Land Bding Accumulated DepreciatonBudng Accounts Paye Uneamed Ceaing Revenes Mortgage Payae 73740 100 000 1 000 NS.000 204 000 16000 00 000 Are Capta Arel d 545 600 100 000 san O Salaries Epere Clearing Eoement Rental Epense Delvery Truck Epense 1013300 60000 43.740 eret tperse 70340 PA1740 Oher Eperse Total O Delivery Truck Expense O Interest Expense O Cleaning Equipment Rental Expense O Interest Payable O Mortgage Payable O Salaries Expense O Insurance Expense Accumulated Depreciation - Building O Accounts Payable O Cleaning Supplies Expense O Ariel, Capital O Accounts Receivable O Land O Cash O Cleaning Supplies O Building O Ariel, Withdrawals O Depreciation Expense-Building O Salaries Payable O Unearned Cleaning Revenues O Prepaid Insurance O Cleaning Revenues O O O O O O O O
On Sept. 1, the entity signed a contract, effective immediately, with Lei Hospital to dry clean, for a fixed monthly charge of P4,000, the uniforms used by doctors in surgery. The hospital paid for four months' service in advance. (Liability Method) Debit: The ta beance for Are Cetfed Ceerers pearsfolows Arel Certifed Cleaners Trial Balance Sept. 3,20 Deb Cred Cash Accounts Receate 2440 Prepad insurance Ceanng Suctes Land 34.000 73740 100 000 1.50 000 ing Accumulated Deprecation-Buding Accounts Payatie INSS 00 204.000 Uneamed Ceaning Revenes 16000 Mortgage Payate Ae Capital 1 100 000 Arel Whdas 100 000 Cleanng Revenues Saanes Epe Cleaning tovpment Rent tpense Delvery Truck Expense interet Eper 0000 43740 110.000 70340 PA10 P3,17,140 Oter Epense O Cleaning Revenues O Accounts Payable O Cleaning Supplies O Prepaid Insurance O Mortgage Payable Cleaning Equipment Rental Expense O Ariel, Withdrawals O Accumulated Depreciation - Building O Land O Salaries Expense O Cash Interest Payable O Cleaning Supplies Expense O Insurance Expense O Interest Expense O Accounts Receivable O Depreciation Expense-Building Building O Delivery Truck Expense O Salaries Payable O Ariel, Capital Uneared Cleapina Deuenue O O O O O O O O O O O O O CO O O O O O O
Transcribed Image Text:On Sept. 1, the entity signed a contract, effective immediately, with Lei Hospital to dry clean, for a fixed monthly charge of P4,000, the uniforms used by doctors in surgery. The hospital paid for four months' service in advance. (Liability Method) Debit: The ta beance for Are Cetfed Ceerers pearsfolows Arel Certifed Cleaners Trial Balance Sept. 3,20 Deb Cred Cash Accounts Receate 2440 Prepad insurance Ceanng Suctes Land 34.000 73740 100 000 1.50 000 ing Accumulated Deprecation-Buding Accounts Payatie INSS 00 204.000 Uneamed Ceaning Revenes 16000 Mortgage Payate Ae Capital 1 100 000 Arel Whdas 100 000 Cleanng Revenues Saanes Epe Cleaning tovpment Rent tpense Delvery Truck Expense interet Eper 0000 43740 110.000 70340 PA10 P3,17,140 Oter Epense O Cleaning Revenues O Accounts Payable O Cleaning Supplies O Prepaid Insurance O Mortgage Payable Cleaning Equipment Rental Expense O Ariel, Withdrawals O Accumulated Depreciation - Building O Land O Salaries Expense O Cash Interest Payable O Cleaning Supplies Expense O Insurance Expense O Interest Expense O Accounts Receivable O Depreciation Expense-Building Building O Delivery Truck Expense O Salaries Payable O Ariel, Capital Uneared Cleapina Deuenue O O O O O O O O O O O O O CO O O O O O O
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