What is the unadjusted trial balance?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the unadjusted
Transcribed Image Text:Transactions
March 1
Sabine Callas invested P1,500,000 cash in the business.
5
Purchased desks and other office furniture for P200,000 from F & F Furniture;
received Invoice # 6704, payable in 60 days.
6
Issued Check # 1001 for P205,000 to purchase art equipment.
Purchased supplies for P83,500, paid with Check # 1002.
7
10 Issued Check # 1003 for P15,000 for office cleaning service.
12
Performed services to Titan Merchandising for P300,000; received 70% cash,
the balance on credit. (Use compound entry).
15 Returned damaged supplies, received P15,000 cash refund.
18
Purchased a computer for P150,000 from Office R Us; Invoice # 304;
issued Check # 1004 for P87,500 as down payment, the balance is payable in 30 days.
(Use compound entry).
20 Issued Check # 1005 for P125,000 to F & F Furniture, as payment on account for Invoice
6704
26 Performed services to North Star Corporation for P240,000 on credit.
Paid P18,000 for monthly telephone bill, issued Check # 1006.
27
29 Paid March office rent of P60,000 issued Check # 1007.
30
Received P90,000 from Titan Merchandising as full payment for services rendered on
March 12.
30 Issued Check # 1008 to pay the monthly electricity bill of P20,000.
30 Issued Check # 1009 for P120,000 for salaries.
30
Sabine Callas withdrew P50,000 for personal use, issued Check # 1010.
Date
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education