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Cash Accounts receivable Merchandise inventory Dr Cr P 10,275.00 22,665.00 51,845.00 Store supplies 2,415.00 Office supplies 775.00 Prepaid insurance 3.255.00 Store equipment 61,980.00 Accumulated depreciation
Cash Accounts receivable Merchandise inventory Dr Cr P 10,275.00 22,665.00 51,845.00 Store supplies 2,415.00 Office supplies 775.00 Prepaid insurance 3.255.00 Store equipment 61,980.00 Accumulated depreciation store equipment P 10,830.00 Office equipment 12,510.00 Accumulated depreciation-office equipment 2,825.00 Accounts payable 8,310.00 Sitanya capital 106,015.00 Sitanya, withdrawals 15,000.00 Sales 562,140.00 Sales returns and allowances. 5,070.00 Purchases 385,085.00 Purchases returns and allow ances Purchases discounts Transportation-in Sales salaries expense 1,820.00 4,710.00 5,125.00 43,220.00 Rent expense Office salaries expense Totals 29,100.00 48,330.00 P 696,650.00 P 696,650.00 Required 1. Copy the unadjusted trial balance on a work sheet form and complete the work sheet using the information that follows: a. Ending store supplies inventory, P445. b. Ending office supplies inventory, P225. c. Expired insurance, P2,805. d. Depreciation on the store equipment, P5,415. e. Depreciation on the office equipment, P1,485. f. Accrued sales salaries payable, P445; and accrued office salaries payable, P210. g. Ending merchandise inventory, P54,365. 2. Prepare a multiple-step income statement showing in detail the expenses and the items that make up cost of goods sold
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