Data for adjustments:Supplies on hand December 31, 2020, 9,000Doubtful Accounts for the year, 4000 WORKSHEET AND FINANCIAL STATEMMENTSCHAPTER 7-TEST SDateScoreCashNotes ReceivablesAccounts ReceivablesUnused Office SuppliesPrepaid Rentoffice EquipmentP310.000100,000120,00036,00060,000120,000Furniture and FixturesAccumulated Depreciation Office EquipmentAccumulated Depreciation - Furniture & Fixtures80,00020,00014,000Notes PayableLoans Payable - BankUnearned Professional Fees50,000200,00040,000Professional Fees510,000Calimlim, CapitalCalimlim, WithdrawalSalaries ExpenseTransportation ExpenseAdvertising ExpenseLight and Water ExpenseTelephone ExpenseMiscellaneous ExpenseAllowance for Doubtful Accounts203,20042,000108,00016,00014,0009,00018,00012,2008,000alor adjustments:SuppliesAn hand December 31, 2020, P9,000.

Worksheet - Worksheet includes unadjusted trial balance, adjustments and adjusted trial balance.…

WORKSHEET AND FINANCIAL STATEMENTS CHAPTER 7-TESTS Date e and Section Score Cash Notes Receivables Accounts Receivables Unused Office Supplies Prepaid Rent office Equipment Furniture and Fixtures Accumulated Depreciation Office Equipment Accumulated Depreciation- Furniture & Fixtures P 310000 100,000 120,000 36,000 60,000 120,000 80,000 20,000 14,000 Notes Payable Loans Payable-Bank Unearned Professional Fees 50,000 200,000 40,000 Professional Fees 510,000 203,200 Calimlim, Capital Calimlim, Withdrawal Salaries Expense Transportation Expense Advertising Expense Light and Water Expense Telephone Expense Miscellaneous Expense Allowance for Doubtful Accounts 42,000 108,000 16,000 14,000 9,000 18,000 12,200 8,000 lor adjustments:

WORKSHEET AND FINANCIAL STATEMENTS CHAPTER 7-TESTS Date e and Section Score Cash Notes Receivables Accounts Receivables Unused Office Supplies Prepaid Rent office Equipment Furniture and Fixtures Accumulated Depreciation Office Equipment Accumulated Depreciation- Furniture & Fixtures P 310000 100,000 120,000 36,000 60,000 120,000 80,000 20,000 14,000 Notes Payable Loans Payable-Bank Unearned Professional Fees 50,000 200,000 40,000 Professional Fees 510,000 203,200 Calimlim, Capital Calimlim, Withdrawal Salaries Expense Transportation Expense Advertising Expense Light and Water Expense Telephone Expense Miscellaneous Expense Allowance for Doubtful Accounts 42,000 108,000 16,000 14,000 9,000 18,000 12,200 8,000 lor adjustments:

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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