1.) Problem A Problem B

Problem C. Prepare a corrected trial Balance

) Problem A The following alphabetical list shows the account balances of Madriaga Barbershop as of June 30, 2011. Prepare a trial balance for the company with the proper heading Accounts Payable Barbershop Supplies Barbershop Furniture Cash Notes Payable Prepaid Insurance Revenue Earned Barbershop Supplies Expense Utilities Expense Madriaga, Capital Madriaga, Drawing Wages Expense P 8,800 43,800 50,400 18,920 40,000 9,200 41,360 14,400 840 80,000 15,600 17,000 Problem B The preliminary trial balance of Albano Company presented below does not balance. When the ledger and other records are reviewed, you discover the following: A. The debits and credits in the cash account total P 28,500 and P 23,600 respectively & A receipt of P 150 from a customer on account was not posted to the accounts receivable account. A payment of P 400 to a creditor on account was not posted to the accounts payable account. 0. The balance of the equipment account is P 8,900. 5. Each account has a normal balance. Accounting 1 - Principles of Accounting PROBLEM C.) Prepare a corrected Trial Balance Albano Company Trial Balance July 31, 2011 P 28,500 6,850 P 750 9,800 4,800 500 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Salaries Payable Florencio Albano, Capital Florencio Albano, Drawing Service Revenue Salary Expense Advertising Expense Miscellaneous Expense 15,050 900 7,000 3,400 900 P 49.950 500 P 29,000