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What is the ledger? How to make a ledger out of the trial balance given below?

What is the ledger? How to make a ledger out of the trial balance given below?

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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What is the ledger? How to make a ledger out of the trial balance given below?

Prob Journalizing, Posting, Preparing a Trial Balanc During the month of December 2022, the Bombers were participating in the 2021 Acquired the contract of Agustin Tiongco from the Negros Navigators for P1,875,000; paying P225,000 in cash and financing the P1,650,000 Collected P2,809,500 on accounts receivable from season-ticket 1. lose Rizal Heavy Bombers Trial Balance numbers and titles: Nov. 30, 2022 Credit Debit Acct. No. Account Titles P 1,129,800 3,712,500 31,050 110 Cash 120 Accounts Receivable 130 Uniform Supplies -0- 140 Prepaid Insurance 2,025,000 12,750,000 2,625,000 150 Land 160 Training Facilities Requr 170 Training Equipment 11,250,000 1. Er Player Contracts Notes Payable Accounts Payable Mortgage Payable Fabella, Capital Fabella, Withdrawals Game Attendance Revenues 180 P 1,800,000 4,725,000 10,500,000 17,643,750 210 le 220 230 2. Pr 310 320 3. Ро 1,875,000 410 10,125,000 4. Pr Salaries Expense Advertising Expense: Travel Expense 510 4,875,000 400,950 1,532,400 528,000 194,550 1,734,000 130,500 P44,793,750 520 5. P. 530 S40 Laundry Expense Medical Expense utilities Expense Miscellaneous Expense 560 S70 Totals P44,793,750 playoffs and the following transactions took place Dec. 1 by issuing a note payable. holders. 111 12NANNNKG
Transcribed Image Text:Prob Journalizing, Posting, Preparing a Trial Balanc During the month of December 2022, the Bombers were participating in the 2021 Acquired the contract of Agustin Tiongco from the Negros Navigators for P1,875,000; paying P225,000 in cash and financing the P1,650,000 Collected P2,809,500 on accounts receivable from season-ticket 1. lose Rizal Heavy Bombers Trial Balance numbers and titles: Nov. 30, 2022 Credit Debit Acct. No. Account Titles P 1,129,800 3,712,500 31,050 110 Cash 120 Accounts Receivable 130 Uniform Supplies -0- 140 Prepaid Insurance 2,025,000 12,750,000 2,625,000 150 Land 160 Training Facilities Requr 170 Training Equipment 11,250,000 1. Er Player Contracts Notes Payable Accounts Payable Mortgage Payable Fabella, Capital Fabella, Withdrawals Game Attendance Revenues 180 P 1,800,000 4,725,000 10,500,000 17,643,750 210 le 220 230 2. Pr 310 320 3. Ро 1,875,000 410 10,125,000 4. Pr Salaries Expense Advertising Expense: Travel Expense 510 4,875,000 400,950 1,532,400 528,000 194,550 1,734,000 130,500 P44,793,750 520 5. P. 530 S40 Laundry Expense Medical Expense utilities Expense Miscellaneous Expense 560 S70 Totals P44,793,750 playoffs and the following transactions took place Dec. 1 by issuing a note payable. holders. 111 12NANNNKG
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