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The following adjustments to be made on Quality Auto Repair Shop Trial Balanoe December31, 200C December 31, 200C 1. Unused supplies, Php 367.80 ACCOUNTS DERIT CREDIT 2. One half of the advertising expense is still P 179670.12 37,00,00 12,168.50 15,530.00 24,000.00 57,000.00 Cah Aocunta Recuivble Teols Fumiture & Fixtures Ofloe Equipmemt Repair Fquipment Note Payuble Aconts Payahle Lean Payable D. Mapalim, Capital D. Maputin, Drawing Repeir Income Rental Income prepaid 3. Unpaid water, bill Php 995.12 3,00000 49,367.10 10,00.00 152,368.50 4. Uncollected rental income, Php 2,500 5. Accrued interest on the note payable, Php 5,000.00 20 120,370.25 2,500.00 6. Php 5,000 of the repair income is Salaries Expeme Rent Expene Supelies Expense Light and Witer Expenae Gm d Ol Espense Communication ixpme Tes und Lioenes Expense Advartising Expense 50.328 00 3,N00.00 2,167.0 9,614.88 3,000.00 2,156.75 1,230.50 4,500.00 collected in advance and not yet earned 7. The fixed assets are to be depreciated as follows: Furniture & Fixtures - Php 1,553 Totala Office Equipment 1,200 Repair Equipment 2,350 Bad Debts (impairment loss) P370 red: Prepare the adjusting journal entries. Use journal form with two columns

The following adjustments to be made on Quality Auto Repair Shop Trial Balanoe December31, 200C December 31, 200C 1. Unused supplies, Php 367.80 ACCOUNTS DERIT CREDIT 2. One half of the advertising expense is still P 179670.12 37,00,00 12,168.50 15,530.00 24,000.00 57,000.00 Cah Aocunta Recuivble Teols Fumiture & Fixtures Ofloe Equipmemt Repair Fquipment Note Payuble Aconts Payahle Lean Payable D. Mapalim, Capital D. Maputin, Drawing Repeir Income Rental Income prepaid 3. Unpaid water, bill Php 995.12 3,00000 49,367.10 10,00.00 152,368.50 4. Uncollected rental income, Php 2,500 5. Accrued interest on the note payable, Php 5,000.00 20 120,370.25 2,500.00 6. Php 5,000 of the repair income is Salaries Expeme Rent Expene Supelies Expense Light and Witer Expenae Gm d Ol Espense Communication ixpme Tes und Lioenes Expense Advartising Expense 50.328 00 3,N00.00 2,167.0 9,614.88 3,000.00 2,156.75 1,230.50 4,500.00 collected in advance and not yet earned 7. The fixed assets are to be depreciated as follows: Furniture & Fixtures - Php 1,553 Totala Office Equipment 1,200 Repair Equipment 2,350 Bad Debts (impairment loss) P370 red: Prepare the adjusting journal entries. Use journal form with two columns

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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REQUIRED: ADJUSTMENTS AND ADJUSTED TRIAL BALANCE

 

The following adjustments to be made on Quality Auto Repair Shop Trial Balance December 31, 200C December31, 200c 1. Unused supplies, Php 367.80 2. One half of the advertising expense is still ACCOUNTS DERIT CREDIT P 179670.12 37,000,00 12,368.50 15,530.00 24,000.00 57,000.00 Canh Accounts Receivable Teals prepaid Fimiture & Fixtures 3. Unpaid water, bill Php 995.12 Office Equipment Repair Equipment Note Payuble Aconunts Payahle Lean Payable D. Mapatim, Capital D. Maputim, Drawing Repair Income Rental lncome 3,000,00 49,367.80 80,000.00 152,36R.50 4. Uncollected rental income, Php 2,500 5. Accrued interest on the note payable, Php 20 5,000.00 120,370.25 2,500,00 6. Php 5,000 of the repair income is Saluries Expense Rent Expenae Supplies Expense Light and Waler Expense Gm and Cil Expense Communication Expene Tumes und Lioerues Expense Adverticing Expense 5032R.00 3,800.00 2,367.80 9,614.88 3,000.00 2,156.75 1,230.50 4,50,00 collected in advance and not yet earned 7. The fixed assets are to be depreciated as follows: Furniture & Fixtures - Php 1,553 Office Equipment 1,200 Totala P407.606.55 Repair Equipment 2,350 Bad Debts (impairment loss) P370 ired: Prepare the adjusting journal entries. Use journal form with two columns
Transcribed Image Text:The following adjustments to be made on Quality Auto Repair Shop Trial Balance December 31, 200C December31, 200c 1. Unused supplies, Php 367.80 2. One half of the advertising expense is still ACCOUNTS DERIT CREDIT P 179670.12 37,000,00 12,368.50 15,530.00 24,000.00 57,000.00 Canh Accounts Receivable Teals prepaid Fimiture & Fixtures 3. Unpaid water, bill Php 995.12 Office Equipment Repair Equipment Note Payuble Aconunts Payahle Lean Payable D. Mapatim, Capital D. Maputim, Drawing Repair Income Rental lncome 3,000,00 49,367.80 80,000.00 152,36R.50 4. Uncollected rental income, Php 2,500 5. Accrued interest on the note payable, Php 20 5,000.00 120,370.25 2,500,00 6. Php 5,000 of the repair income is Saluries Expense Rent Expenae Supplies Expense Light and Waler Expense Gm and Cil Expense Communication Expene Tumes und Lioerues Expense Adverticing Expense 5032R.00 3,800.00 2,367.80 9,614.88 3,000.00 2,156.75 1,230.50 4,50,00 collected in advance and not yet earned 7. The fixed assets are to be depreciated as follows: Furniture & Fixtures - Php 1,553 Office Equipment 1,200 Totala P407.606.55 Repair Equipment 2,350 Bad Debts (impairment loss) P370 ired: Prepare the adjusting journal entries. Use journal form with two columns
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