John Wick Repair Shop Trial Balance December 31, 2016 Cash on Hand Debit Credit Accounts Receivable P20,000 15,000 Allowance for Bad Debts Notes Receivable P750 7,000 30,000 Shop Equipment Accum. Depr.- Shop Equip 2,000 Furniture and Fixture Accum. Depr.-F&F Accounts Payable Notes Payable J.W, Capital J.W, Drawing Service Income Salaries Expense Rent Expense 8,000 5,000 11,000 12,000 54,750 1,000 20,000 8,000 8,000 4,000 1,500 3,000 Supplies Expense Taxes & Licenses Utilities Expense 105 Total Additional Information: 1. Salaries in the amount of P3,250 is not yet recorded 2. Supplies actually used is P3,500 3. Income earned from services rendered is not yet recorded P5,375. The allowance for bad debts should be increased to 10% of Accounts Receivable 4. John Wick Repair Shop Trial Balance December 31, 2016 Cash on Hand Debit Credit Accounts Receivable P20,000 15,000 Allowance for Bad Debts Notes Receivable P750 7,000 30,000 Shop Equipment Accum. Depr.- Shop Equip 2,000 Furniture and Fixture Accum. Depr.-F&F Accounts Payable Notes Payable J.W, Capital J.W, Drawing Service Income Salaries Expense Rent Expense 8,000 5,000 11,000 12,000 54,750 1,000 20,000 8,000 8,000 4,000 1,500 3,000 Supplies Expense Taxes & Licenses Utilities Expense 105 Total Additional Information: 1. Salaries in the amount of P3,250 is not yet recorded 2. Supplies actually used is P3,500 3. Income earned from services rendered is not yet recorded P5,375. The allowance for bad debts should be increased to 10% of Accounts Receivable 4