B. The following account balances were taken from the ledger of Wilfredo Baltazar, a publicrelation consultant:P127,000Accounts Receivable20,000Baltazar, Capital- CashAccounts PayableSupplies On HandProfessional FeesBaltazar, Drawing- Rent ExpenseDepreciation ExpenseSupplies UsedSalaries Expense49,48012,0003,0008,0002,50015,0006,00073,0006,50063,020Utilities PayableEquipmentAccumulated DepreciationAdvertising Expense10,0003,500Taxes and Licenses10,000Furniture & Fixtures20,0005,00015,000Accumulated DepreciationPrepare a trial balance in good form as of December 31, 2010.

Name: B. The following account balances were taken from the ledger of Wilfr
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Description: B. The following account balances were taken from the ledger of Wilfredo Baltazar, a publicrelation consultant:P127,000Accounts Receivable20,000Baltazar, Capital- CashAccounts PayableSupplies On HandProfessional FeesBaltazar, Drawing- Rent ExpenseDe

To prepare trial balance take all debit balances of all ledger accounts to debit column and credit…

Business

Accounting

The following account balances were taken from the ledger of Wilfredo Baltazar, a public relation consultant: Baltazar, Capital P127,000 Accounts Receivable 20,000 Baltazar, Drawing Rent Expense Depreciation Expense - Supplies Used . Salaries Expense Cash 49,480 12,000 - Accounts Payable Supplies On Hand 3,000 2,500 73,000 6,500 8,000 15,000 Professional Fees 6,000 Utilities Payable Equipment Accumulated Depreciation Advertising Expense 10,000 63,020 Taxes and Licenses 3,500 10,000 15,000 Furniture & Fixtures 20,000 - Accumulated Depreciation 5,000 Prepare a trial balance in good form as of December 31, 2010.

The following account balances were taken from the ledger of Wilfredo Baltazar, a public relation consultant: Baltazar, Capital P127,000 Accounts Receivable 20,000 Baltazar, Drawing Rent Expense Depreciation Expense - Supplies Used . Salaries Expense Cash 49,480 12,000 - Accounts Payable Supplies On Hand 3,000 2,500 73,000 6,500 8,000 15,000 Professional Fees 6,000 Utilities Payable Equipment Accumulated Depreciation Advertising Expense 10,000 63,020 Taxes and Licenses 3,500 10,000 15,000 Furniture & Fixtures 20,000 - Accumulated Depreciation 5,000 Prepare a trial balance in good form as of December 31, 2010.

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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