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Salaries are paid on Saturdays. The weekly payroll is P25,200. Assume that Sept. 30 falls on a Thursday and the entity has a six-day pay week. Debit: The a belance for Ane Cetfed Cieaners apears as folous Ariel Certifed Cleaners Trial Balance Sept. 30, 2015 Debt Cred Cash Accounts Recevabie 264 940 34 000 Prepaid insurance 73740 180 000 1850 000 Cieaning Supples Land Buiding Accumulated DepreciatonBudng Accounts Pay Uneamed Ceaning Revenues Mortgage Payable S000 e 204.000 16.000 1,100.000 Anel Capita S5 600 Anel wedran 100 000 Cleaning Revenues 1SN 340 Salaies Epense Cleaning touipment Renta Expense Devery Truck Epense 1013 300 60.000 43.740 nteret Epens 110.000 Other Epense 70 340 Total O Cash O Accumulated Depreciation - Building O Interest Payable O Salaries Expense O Depreciation Expense-Building O Prepaid Insurance O Insurance Expense O Ariel, Withdrawals O Accounts Receivable O Cleaning Supplies Expense O Cleaning Equipment Rental Expense O Accounts Payable O Cleaning Revenues O Land O Building O Salaries Payable O Unearned Cleaning Revenues O Cleaning Supplies Delivery Truck Expense O Ariel, Capital O Mortgage Payable O Interest Expense OO O 0 O

Salaries are paid on Saturdays. The weekly payroll is P25,200. Assume that Sept. 30 falls on a Thursday and the entity has a six-day pay week. Debit: The a belance for Ane Cetfed Cieaners apears as folous Ariel Certifed Cleaners Trial Balance Sept. 30, 2015 Debt Cred Cash Accounts Recevabie 264 940 34 000 Prepaid insurance 73740 180 000 1850 000 Cieaning Supples Land Buiding Accumulated DepreciatonBudng Accounts Pay Uneamed Ceaning Revenues Mortgage Payable S000 e 204.000 16.000 1,100.000 Anel Capita S5 600 Anel wedran 100 000 Cleaning Revenues 1SN 340 Salaies Epense Cleaning touipment Renta Expense Devery Truck Epense 1013 300 60.000 43.740 nteret Epens 110.000 Other Epense 70 340 Total O Cash O Accumulated Depreciation - Building O Interest Payable O Salaries Expense O Depreciation Expense-Building O Prepaid Insurance O Insurance Expense O Ariel, Withdrawals O Accounts Receivable O Cleaning Supplies Expense O Cleaning Equipment Rental Expense O Accounts Payable O Cleaning Revenues O Land O Building O Salaries Payable O Unearned Cleaning Revenues O Cleaning Supplies Delivery Truck Expense O Ariel, Capital O Mortgage Payable O Interest Expense OO O 0 O

FINANCIAL ACCOUNTING
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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*I 2 I 90% 1 6:42 PM Salaries are paid on Saturdays. The weekly payroll is P25,200. Assume that Sept. 30 falls on a Thursday and the entity has a six-day pay week. Credit: The tral balance for Ariel Certfed Cieaners appears as folows Ariel Certified Cleaners Trial Balance Sept. 30, 2015 6 Debt Credt Cash D117.600 Accounts Receivable 264940 Prepaid insurance 34.000 Cleaning Supplies 73,740 Land 100.000 Building 1,050.000 Accumulated Depreciation - Building Accounts Payable DIS6.000 204.000 Uneamed Cleaning Revenues Mortgage Payatble Ariel. Capital Ariel, Wthdrawals 16.000 1,100,000 565. 600 100 000 Cleaning Revenues 1576 340 Salaries Eupense 1.013.300 Cleaning Equipment Rental Epense 60.000 Delivery Truck Expense Interest Experse Other Expense 43.740 110.000 70.340 Total: P3,917,940 O Depreciation Expense-Building O Ariel, Capital O Cleaning Supplies O Salaries Payable O Accounts Payable O Delivery Truck Expense Cleaning Supplies Expense O Ariel, Withdrawals O Unearned Cleaning Revenues O Mortgage Payable O Cleaning Revenues O Salaries Expense O Interest Payable Cleaning Equipment Rental Expense O Prepaid Insurance O Accumulated Depreciation - Building O Building O Land O Accounts Receivable O Interest Expense O Cash O Insurance Expense O O O O O
Transcribed Image Text:*I 2 I 90% 1 6:42 PM Salaries are paid on Saturdays. The weekly payroll is P25,200. Assume that Sept. 30 falls on a Thursday and the entity has a six-day pay week. Credit: The tral balance for Ariel Certfed Cieaners appears as folows Ariel Certified Cleaners Trial Balance Sept. 30, 2015 6 Debt Credt Cash D117.600 Accounts Receivable 264940 Prepaid insurance 34.000 Cleaning Supplies 73,740 Land 100.000 Building 1,050.000 Accumulated Depreciation - Building Accounts Payable DIS6.000 204.000 Uneamed Cleaning Revenues Mortgage Payatble Ariel. Capital Ariel, Wthdrawals 16.000 1,100,000 565. 600 100 000 Cleaning Revenues 1576 340 Salaries Eupense 1.013.300 Cleaning Equipment Rental Epense 60.000 Delivery Truck Expense Interest Experse Other Expense 43.740 110.000 70.340 Total: P3,917,940 O Depreciation Expense-Building O Ariel, Capital O Cleaning Supplies O Salaries Payable O Accounts Payable O Delivery Truck Expense Cleaning Supplies Expense O Ariel, Withdrawals O Unearned Cleaning Revenues O Mortgage Payable O Cleaning Revenues O Salaries Expense O Interest Payable Cleaning Equipment Rental Expense O Prepaid Insurance O Accumulated Depreciation - Building O Building O Land O Accounts Receivable O Interest Expense O Cash O Insurance Expense O O O O O
I B | 90% l 6:42 PM Salaries are paid on Saturdays. The weekly payroll is P25,200. Assume that Sept. 30 falls on a Thursday and the entity has a six-day pay week. Debit: The ral baance for Arel Certfed Cieaners aapears as folows Ariel Certified Cleaners Trial Balance Sept. 30, 2015 Debit Credt Cash Accounts Receivabie 264 940 Prepaid insurance 34.000 Cleaning Supples 73.740 Land 180 000 1,850.000 Buldng Accumulated Depreciation Buldng Accounts Payabie Unearmed Cleaning Revenues Mortgage Payable Ariel. Capital Arel Wthdrawas AS6.000 204.000 16.000 1. 100.000 565 600 100.000 Cieaning Revenues 1.576 340 Salaies Epense 1,013.300 Cleaning Equipment Renta Expense 60.000 Delivery Truck Expense Interest Expense Other Epense Total 43.740 110.000 70.340 P3917.940 P3.917.940 O Cash O Accumulated Depreciation - Building O Interest Payable O Salaries Expense O Depreciation Expense-Building O Prepaid Insurance O Insurance Expense O Ariel, Withdrawals O Accounts Receivable O Cleaning Supplies Expense Cleaning Equipment Rental Expense Accounts Payable O Cleaning Revenues O Land O Building O Salaries Payable Unearned Cleaning Revenues O Cleaning Supplies O Delivery Truck Expense O Ariel, Capital O Mortgage Payable O Interest Expense O O O O O O O
Transcribed Image Text:I B | 90% l 6:42 PM Salaries are paid on Saturdays. The weekly payroll is P25,200. Assume that Sept. 30 falls on a Thursday and the entity has a six-day pay week. Debit: The ral baance for Arel Certfed Cieaners aapears as folows Ariel Certified Cleaners Trial Balance Sept. 30, 2015 Debit Credt Cash Accounts Receivabie 264 940 Prepaid insurance 34.000 Cleaning Supples 73.740 Land 180 000 1,850.000 Buldng Accumulated Depreciation Buldng Accounts Payabie Unearmed Cleaning Revenues Mortgage Payable Ariel. Capital Arel Wthdrawas AS6.000 204.000 16.000 1. 100.000 565 600 100.000 Cieaning Revenues 1.576 340 Salaies Epense 1,013.300 Cleaning Equipment Renta Expense 60.000 Delivery Truck Expense Interest Expense Other Epense Total 43.740 110.000 70.340 P3917.940 P3.917.940 O Cash O Accumulated Depreciation - Building O Interest Payable O Salaries Expense O Depreciation Expense-Building O Prepaid Insurance O Insurance Expense O Ariel, Withdrawals O Accounts Receivable O Cleaning Supplies Expense Cleaning Equipment Rental Expense Accounts Payable O Cleaning Revenues O Land O Building O Salaries Payable Unearned Cleaning Revenues O Cleaning Supplies O Delivery Truck Expense O Ariel, Capital O Mortgage Payable O Interest Expense O O O O O O O
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