Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Illustration: FUNDAMENTALS OF ABM-2 Performance-WORK Sheet 4 Quarter 2, 5Y 2021-2022 Assume that the unadjusted trial balance of Cardo tailoring Shop as of December 31,2021

Illustration: FUNDAMENTALS OF ABM-2 Performance-WORK Sheet 4 Quarter 2, 5Y 2021-2022 Assume that the unadjusted trial balance of Cardo tailoring Shop as of December 31,2021 ia as follows. CARDO Tailoring Shop UNADJUSTED TRIAL BALANCE December 31,2021 Accounts Debit Credit Cash P18,600 Accounts Receivable 8,000 Notes Receivable 5,000 Prepaid rent 6,000 Furniture 10,000 Equipment 50,000 Accounts Payable P6,000 Notes Payable 4,000 Unearned interest Income 600 Cardo, Capital 80,000 Cardo, Drawing 5,000 Service Income 25,000 Salaries 10,000 Rent Expense 1,000 Interest Expense 500 Electricity 1,500 TOTALS P115,600 P115,600 Required: 1. Prepare a 10-column worksheet 2. Accomplish the Unadjusted Trial balance column of the worksheet (Column 1 and 2)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial And Managerial Accounting

Authors: James Don Edwards, Roger H. Hermanson

1st Edition

0256130000, 978-0256130003

More Books

Students also viewed these Accounting questions

Question

Why do we say that a blob of putty is inelastic?

Answered: 1 week ago

Question

7. How can the models we use have a detrimental effect on others?

Answered: 1 week ago

Question

How is slaked lime powder prepared ?

Answered: 1 week ago

Question

Why does electric current flow through acid?

Answered: 1 week ago

Question

What is Taxonomy ?

Answered: 1 week ago

Question

1. In taxonomy which are the factors to be studied ?

Answered: 1 week ago

Question

2. Outline the functions of nonverbal communication

Answered: 1 week ago