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Prepare the 10 Column worksheet prepare the 10 column worsksheet EXERCISES 1. The following trial balance of Marquez Equipment Rental, as of December 31, 2020,

Prepare the 10 Column worksheet
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prepare the 10 column worsksheet image text in transcribed
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EXERCISES 1. The following trial balance of Marquez Equipment Rental, as of December 31, 2020, contains the following account balances. MARQUEZ EQUIPMENT RENTAL Trial Balance December 31, 2011 Debit Credit Cash P55,600 Accounts Receivable 32,500 Office Supplies 8,000 Prepaid Rent 58,500 Prepaid Insurance 11,760 Equipment 192,000 Accumulated Depreciation - Equipment 4,000 Accounts Payable P 31,150 E. Marquez, Capital 262,030 E. Marquez, Drawing 22,600 Rental Service Revenue 627,100 Salaries Expense 390,000 Utilities Expense 74,800 Travel Expense 58,720 Miscellaneous Expense 19,800 Total 924,280 924,280 EXERCISES 1. The following trial balance of Marquez Equipment Rental, as of December 31, 2020, contains the following account balances. MARQUEZ EQUIPMENT RENTAL Trial Balance December 31, 2011 Debit Credit Cash P55,600 Accounts Receivable 32,500 Office Supplies 8,000 Prepaid Rent 58,500 Prepaid Insurance 11,760 Equipment 192,000 Accumulated Depreciation - Equipment 4,000 Accounts Payable P 31,150 E. Marquez, Capital 262,030 E. Marquez, Drawing 22,600 Rental Service Revenue 627,100 Salaries Expense 390,000 Utilities Expense 74,800 Travel Expense 58,720 Miscellaneous Expense 19,800 Total 924,280 924,280 Adjustment data at December 31 are as follows: (a) Rent expense for the year amounts to P4,875. (b) Unexpired insurance at December 31, amounts P10,780. (c) The equipment acquired on Sept. 1, is to be depreciated at P38,400 per year. (d) Salaries incurred but unpaid at December 31, amounts to P7,500. (e) Unused office supplies at December 31, P3200. (f) Accrued Rental Service at December 31, P5,800

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