Prepare a TRIAL BALANCE for Uy Merchandising, found the following balances in the ledger accounts as of November 2017. (The following accounts are not arranged chronologically.) Sales - ₱225,000 Sales Return and Allowances - 19,500 Sales Discount - 9,000 Store Equipment - 22,500 Accumulated Depreciation-Store Equipment - 5,900 Office Equipment - 18,000 Accumulated Depreciation-Office Equipment - 4,000 Cash - 25,000 Accounts Receivable - 10,000 Merchandise Inventory - 24,750 Prepaid Insurance - 1,300 Office Supplies - 3,000 Freight -in = 1,200 Salaries Expense - 18,000 Rent Expense - 30,000 Utilities Expense - 3,750 Freight Out - 1,800 Accounts Payable - 15,000 Lyndon, Capital - 39,900 Lyndon, Drawing - 7,500 Purchases - 112,500 Purchase Return and Allowances - 7,000 Purchase Discounts - 2,000
Prepare a
Sales - ₱225,000
Sales Return and Allowances - 19,500
Sales Discount - 9,000
Store Equipment - 22,500
Office Equipment - 18,000
Accumulated Depreciation-Office Equipment - 4,000
Cash - 25,000
Accounts Receivable - 10,000
Merchandise Inventory - 24,750
Prepaid Insurance - 1,300
Office Supplies - 3,000
Freight -in = 1,200
Salaries Expense - 18,000
Rent Expense - 30,000
Utilities Expense - 3,750
Freight Out - 1,800
Accounts Payable - 15,000
Lyndon, Capital - 39,900
Lyndon, Drawing - 7,500
Purchases - 112,500
Purchase Return and Allowances - 7,000
Purchase Discounts - 2,000
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