Till La Hok Computer Services Trial Balance January 31, 2020 Debit Credit Cash P382,460 Accounts Receivable 92,000 Supplies 67,000 Office Equipment 700,000 Accounts Payable P980 Lok, Capital 947,000 Service Revenue 297,000 Utilities Expense 3,520 TOTALS P1.244,980 P1,244,980
Till La Hok Computer Services Trial Balance January 31, 2020 Debit Credit Cash P382,460 Accounts Receivable 92,000 Supplies 67,000 Office Equipment 700,000 Accounts Payable P980 Lok, Capital 947,000 Service Revenue 297,000 Utilities Expense 3,520 TOTALS P1.244,980 P1,244,980
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.1C
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Question
Create a Balance Sheet for Till La Hok Computer Services. The other picture is just for the format .
![tie
Menes
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Numbe
Narmal
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Conditiceal fomet asChe cel
Fumeting
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Cxpiona
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Assets
Equation:
OWNER'S EQUITY = ASSETS-LIABILITIES
Current Assets
Cash
06,000
ASSETS OWNER'S EQUITY + LIABILITIES
Account receivMable
Notes repelvable
10
80,000
20,000
166 000
12 Noeoament Assets
Laundny Equipment
Ofnice fumiture
48,000
25,000
0.000
15 Total Assets
16
Tabibties
20 Corrent Liabitities
Accounts payable
34,000
18,000
Total Llabties
Capta/Eqoity
ea, 000
Denny Teledo, Capital
TotalNet mceine
36,000
304, 003
204, 000
30 Total Lisheties & Capital](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcdb616cd-f044-4fcb-914c-2e11610dd0ef%2F3ba89fe6-cf5e-4da9-a215-a82ae6a4097d%2Fecefinf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:tie
Menes
talp
Tall me wiot gou want to da
Numbe
Narmal
ste
fureat faresr
Conditiceal fomet asChe cel
Fumeting
Mege & Cemer
Cxpiona
rent
een
%3D
Assets
Equation:
OWNER'S EQUITY = ASSETS-LIABILITIES
Current Assets
Cash
06,000
ASSETS OWNER'S EQUITY + LIABILITIES
Account receivMable
Notes repelvable
10
80,000
20,000
166 000
12 Noeoament Assets
Laundny Equipment
Ofnice fumiture
48,000
25,000
0.000
15 Total Assets
16
Tabibties
20 Corrent Liabitities
Accounts payable
34,000
18,000
Total Llabties
Capta/Eqoity
ea, 000
Denny Teledo, Capital
TotalNet mceine
36,000
304, 003
204, 000
30 Total Lisheties & Capital
![Accessibility Mode
Till La Hok Computer Services
Trial Balance
January 31, 2020
Debit
Credit
Cash
P382,460
Accounts Receivable
92,000
Supplies
67,000
Office Equipment
700,000
Accounts Payable
P980
Lok, Capital
947,000
Service Revenue
297,000
Utilities Expense
3,520
TOTALS
P1.244,980
P1,244,980
INCOME STATEMENT](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcdb616cd-f044-4fcb-914c-2e11610dd0ef%2F3ba89fe6-cf5e-4da9-a215-a82ae6a4097d%2Fv7eweis_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Accessibility Mode
Till La Hok Computer Services
Trial Balance
January 31, 2020
Debit
Credit
Cash
P382,460
Accounts Receivable
92,000
Supplies
67,000
Office Equipment
700,000
Accounts Payable
P980
Lok, Capital
947,000
Service Revenue
297,000
Utilities Expense
3,520
TOTALS
P1.244,980
P1,244,980
INCOME STATEMENT
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