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PLEASE DO ,journalizing,adjusted trial balance,Income statement, Balance sheet PLS ANSWER ASAP. I'll rate THANKS Additional information: 1. Office supplies on hand as at Dec 31,
PLEASE DO ,journalizing,adjusted trial balance,Income statement, Balance sheet
PLS ANSWER ASAP. I'll rate THANKS
Additional information: 1. Office supplies on hand as at Dec 31, 2020 is P 21,000. 2. One-third of the unearned revenues has been collected as at Dec 31, 2020. 3. Depreciation for the year amounted to P 38,000 for the building and P 123,000 for the equipment. 4. Salaries in the amount of P 14,000 have accrued at year-end. 5. The notes receivable were accepted from several customers. The notes were Issued on Sept 1, 2020 and will be settled together with a 20% interest on May 31, 2021. Required: 1. Journalize and post adjustments 2. Prepare the following: 2.1 Adjusted Trial Balance 2.2 Income Statement 2.3 Balance Sheet Additional accounts title: Depreciation expense - equipment Depreciation expense -building Office supplies expense Accrued interest receivable Accrued Salaridas payable Interest Income Note: you will be given a one and a half hour to finish the exam Presented below is the unadjusted trial balance of the Moises Dondoyano Information System For the year ended December 31, 2020: MOISES DONDOYANO INFORMATION SYSTEM Unadjusted Trial Balance December 31, 2020 P 45,000 156,000 360,000 63,000 2,150,000 P612,000 1,590,000 254,000 Cash Accounts receivable Notes Receivable Office Supplies Equipment Accum. Depreciation Building Accum. Depreciation Land Accounts Payable Unearned Consulting Revenues Dondovao, Capital (1/1/20) Dondoyao, Drawings Consulting Revenues Salaries Expense Repairs and Maintenance Miscellaneous Expense 300,000 213,000 450,000 2,655,000 600,000 2,108,000 875,000 116,000 37,000 P 6,292,000 P 6,292,000Step by Step Solution
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