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Prepare all the necessary journal entries. Complete a 10-column working paper. Prepare all required Financial Statements. The unadjusted trial balance of MARUPOK Bags as
Prepare all the necessary journal entries. Complete a 10-column working paper. Prepare all required Financial Statements. The unadjusted trial balance of MARUPOK Bags as at December 31, 2019 follows: Accounts Cash Accounts Receivable Office Supplies MARUPOK Bags Trial Balance December 31, 2019 Merchandise Inventory Allowance for Doubtful Accounts Prepaid Advertising Land Office Building Accumulated Depreciation - Off. BLDG Office Equipment Accumulated Depreciation - Off. EQPT Accounts Payable Notes Payable - 2 years Mortgage Payable MARUPOK, Capital MARUPOK, Withdrawals Sales Sales Discount Sales Returns and Allowance Purchases Purchase Discount Purchase Returns and Allowance Debit 72,000 136,000 42,000 646,000 75,000 400,000 1,600,000 570,000 200,000 161,000 166,964 2,359,821 Credit 48,000 100,000 150,000 74,000 200,000 1,100,000 1,713,892 4,107,143 172,000 118,750
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