Question 12Part III: Prepares the closing entries and performs thepost-closing trial balancewwwhAdjusted trial balanceCuenta (Account)(acceunts receivakle)(prepaid insurance)Balance119,00020,5003,850145,45035,00045,00042,80069,00020,000835,00024,500620,0003,500(supplies)(cash)(eauinment)(acceunts RANakle)(notes pavable)Juan del Pueblo, capitalJuan del Pueblo,ldrawings)(fee eamed)(utilities expense)(salary expense)(advertising expense) Question 11Part II: Make the following entries in the general journal1. When it closes the accounts, sales have a balance of $12,000.2. The company Camino Real has a balance in its account of advertising expenses of $5,200 at the end of the month of December and must be closed.3. At the Pollo Real food company there was a salary expense of $13,000 on March31 and closing tickets are being made.4. Prendas Mías bought a cash computer for $1,500.5. Camino Real has a balance of $2,000 in the sales account at the end of theaccounting cycle.6. The La Esquina store purchased prepaid insurance on Feb. 2 for $10,000.7. The owner of Pollo Real made personal withdrawals for $3,000 during the monthof April and closing tickets are being made.8. Martinez Rental had a customer who was offered a credit service for $1,800.9. Jorge Román started a business under the name of Cleaning Cars. Afteradjustments in December 2020 the following balances were recorded in theledger for each account.Jorge Román, capital$180,000Jorge Román, drawing2,500Service fee20,000Salary expense60,000Rent expense14,000Supplies expense12,500Miscellaneous expense5,00010. The total income summary account at La Esquina company is $25,000 in credit. Makethe daily wage entry to take the amount to the capital.

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Question 12 Part II: Prepares the closing entries and performs thepost-closing trial balance Adjusted trial balance Слеnta (Account) Balance 119,000 | 20,500 3,850 145,450 35,000 45,000 42,800 69,000 20,000 835,000 24,500 620,000 3,500 (asseunts receixakle) (Rrenaid insurance) (suRplies) (cash) (eauirment) (asceunts, pAvakle) (notes pavable) Juan del Pueblo, capital Juan del Pueblo,(drawings) (fee sarmed) (utilities expense) (salary expense) (advertising expense)

Question 12 Part II: Prepares the closing entries and performs thepost-closing trial balance Adjusted trial balance Слеnta (Account) Balance 119,000 | 20,500 3,850 145,450 35,000 45,000 42,800 69,000 20,000 835,000 24,500 620,000 3,500 (asseunts receixakle) (Rrenaid insurance) (suRplies) (cash) (eauirment) (asceunts, pAvakle) (notes pavable) Juan del Pueblo, capital Juan del Pueblo,(drawings) (fee sarmed) (utilities expense) (salary expense) (advertising expense)

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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Determine the ending balance of each of the following T-accounts. Cash Accounts Payable Beg.Bal. 160 110 Beg.Bal. 2,600 9,800 360 120 3,700 80 End.Bal. End.Bal. Supplies Accounts Receivable Beg.Bal. 10,600 4,400 Beg.Bal. 900 210 1,700 210 210 160 End.Bal. End.Bal. Wages Payable Cash Beg.Bal. 760 Beg.Bal. 12,800 5,100 760 860 6,600 160 1,900 End.Bal. End.Bal.
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Question 3 You are required to prepare a sales ledger control account from the following for the month of May. The balance of the account is to be taken as the total of accounts receivable as on 31 May. 2019 May 1 Debit balances Totals for May: Sales journal Cash and cheques received from accounts Discounts allowed receivable Debit balances in the sales ledger set off against credit balances in the purchase ledger 31 Credit balances RM 6,420,000 12,800,000 10,370,000 395,000 145,000 50,000 REQUIRED: Indicate whether the balance of accounts payable is right or wrong. Prepare the sales control accounts.
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Question 40 At March 1, 2019, Cookie purchased supplies of $1,90 report what balance in the su 008'T$ O 009'T$0 006 $1.9
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