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Shown below is the trial balance of Mr. Jonas Mascarinas for the quarter ended 31 March 20A Mascarinas Auto Repair Shop Trial Balance March
Shown below is the trial balance of Mr. Jonas Mascarinas for the quarter ended 31 March 20A Mascarinas Auto Repair Shop Trial Balance March 31, 20A Debit Credit Cash In Bank P 320,000 Accounts Receivable Estimated Uncollectible Accounts Unused Shop Supplies 54,000 P 1,500 36,000 Furniture and Fixtures 120,000 Accumulated Depreciation-F/F 48,000 Shop Equipment 250,000 Accumulated Depreciation-S/E 50,000 Accounts Payable 135,000 VAT Payable 6,000 J. Mascarinas, Capital 391,700 J. Mascarinas, Drawing 10,000 Service Income 290,000 Taxes and Licenses 3,200 Rent Expense Utilities Expense 18,000 Salaries and Wages 21,000 Total 90,000 P 922,200 922,200 Requirement: 1. A 6-column Worksheet 2. Income Statement for the quarter ended March 31, 20A 3. Balance Sheet as of March 31, 201A
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