Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started