THE MANAGEMENT OJT TRAINEE OF OPQQ ADVERTISING SERVICES SUBMITTED AN UN ADJUSTED LEDGER BALANCES AS OF DEC 31, 2019 OF OPQQ ADVDERTISING SERVICES AS FOLLOW OPQQ ADVERTISING SERVICES LISTING OF UNADJUSTED TRIAL BALANCES YEAR ENDING DEC 31, 2019 ANALYSIS USE BEE THIS AHTS - ADJUSTING JOURNAL ENTRIES ACCOUNT TITLES DB CB ADDTL DATA IHFO FOR ADJUSTHEHT. DEC 31. 201 A OUT OF THE BALANCE OF TOOLS ACCOUNT, 20% IS O TREATED AS EXPENSE B- B. UNADJUSTED BALANCES DEC 31'19 47,103 122,550 0 65,200 0 0 TRANSPORT EQUIPT IS ESTIMATED TO HAVE A USEFUL LIFE OF 10 YEARS WITH NO SALVAGE VALUE C- ACCRUED EXPENSES AS OF THE END OF THE PERIOD: TAXES 12,000 WAGES 5,600 UTILITIES 3,250 C-1 ? 210,000 D- PREPAID EXPENSES AS OF THE END OF THE PERIOD: RENT 5,000 SUPPLIES 11,500 D-1? ACCOUNT TITLES 1 CASH 2 ACCOUNTS RECEIVABLE 3 ALLOWANCE FOR BAD/DEBTS 4 TOOLS 5 PREPAID RENT 6 SUPPLES 7 TRANSPORT EQUIPMENT 8 ACCUM DPRN- TRANSP EQUIPT 9 UNEARNED SERVICE REVENUE 10 ACCOUNTS PAYABLE 11 ) QUIJANO, CAPITAL 12 QUIJANO, WITHDRAWAL 13 SERVICE REVENUE 14 BAD DEBTS EXPENSE 15 DEPRECIATION EXPENSE 16 MISCELLANEOUS EXPENSES 17 RENT EXPENSE 18 SUPPLIES EXPENSE 19 TAXES & PERMITS EXPENSES 20 TOOLS EXPENSE 21 UTILITIES EXPENSE 22 WAGES EXPENSES 42,000 0 55,660 240,000 120,000 1,035,750 0 E- REVENUE COLLECTED BUT NOT YET EARNED IS 24,500 F- F-1? F INCOME EARNED BUT NOT YET COLLECTED 7,500 G- G-1? BAD DEBTS IS ESTIMATED AT 295 OF ACCOUNTS RECEIVABLE, BEFORE ANY ADJUSTMENT 21,998 125,000 212,939 45,620 0 65,000 338,000