The bookkeeper of Mr. Go, accounting the following balances from the general ledger on December 31,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The bookkeeper of Mr. Go, accounting the following balances from the general ledger on December 31, 2019, the end of the accounting period. At December 31, 2019, Mr. Andrew Go, a sole proprietor engaged in service business has the following account balances: Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Go, Drawing Go, Capital Service Revenue Salary Expense Utilities Expense Miscellaneous Expense REQUIRED: Prepare a trial balance in good form. Php400,000 280,000 100,000 60,000 100,000 450,000 200,000 120,000 390,000 200,000 80,000 55,000 45,000 The bookkeeper of Mr. Go, accounting the following balances from the general ledger on December 31, 2019, the end of the accounting period. At December 31, 2019, Mr. Andrew Go, a sole proprietor engaged in service business has the following account balances: Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accounts Payable Notes Payable Go, Drawing Go, Capital Service Revenue Salary Expense Utilities Expense Miscellaneous Expense REQUIRED: Prepare a trial balance in good form. Php400,000 280,000 100,000 60,000 100,000 450,000 200,000 120,000 390,000 200,000 80,000 55,000 45,000
Expert Answer:
Answer rating: 100% (QA)
TRIAL BALANCE AS AT DECEMBER 31 2019 Particulars Debit Credit Cash 280000 Accounts 100000 Receivab... View the full answer
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Posted Date:
Students also viewed these accounting questions
-
Mary Jo Fitzpatrick is the vice president for Nursing Services at St. Lukes Memorial Hospital. Recently she noticed in the job postings for nurses that those that are unionized seem to offer higher...
-
Vicki's Fabric Store shows the trial balance on page 603 as of December 31, 20-1. At the end of the year, the following adjustments need to be made: (a and b) Merchandise inventory as of December 31,...
-
The trial balance and adjustment data of Mylas Motors at November 30, 2012, follow: Additional data at November 30, 2012: a. Depreciation on equipment, $1,100. b. Accrued wage expense, $600. c....
-
Consider a static (one-period), closed economy with one representative consumer, one rep- resentative firm, and a government. The level of capital K and government expenditures G in the economy are...
-
Determine the magnitude and coordinate direction angles of the resultantforce. 2 m 500 N 600 N 4 m
-
Demonstrate graphically how the loanable funds market translates savings into investment. What equilibrates saving and investment?
-
A 20-cm-circumference loop of wire has a resistance of \(0.12 \Omega\). The loop is placed between the poles of an electromagnet, and a field of \(0.55 \mathrm{~T}\) is switched on in a time of \(15...
-
Matthews Delivery Service completed the following transactions during December 2014: Dec. 1 Matthews Delivery Service began operations by receiving $ 6,000 cash and a truck with a fair value of $...
-
QUESTION #2 : The age of the internet as well as the ensuing rise of social networking in the form of FaceBook, Instagram, Twitter and TikTok has significantly changed the way individuals process and...
-
All the following case study questions are based on this book: Project management achieving competitive advantage by Jeffrey K. Pinto Question 8.1 1. Given the history of large cost overruns...
-
determine the disadvantage to implement the automation and intelligence innovation at ports in China
-
You want to determine whether the following four suggestions (i.e., e, f, g, h) would improve the company's performance. Determine the effects of each suggestion on operating income, contribution...
-
The total price for movie tickets for four adults and two children is $25. Knowing that the ticket price for a child is half the price of an adult ticket, how much does a child's ticket cost?
-
Blockbuster Inc. just paid a dividend of $2 per share. Dividends are expected to grow at a rate of -50% annually over the next three years. After that, it is expected that Blockbuster will cease...
-
If the EUR/USD exchange rate is 1.1123, how many EUR can I buy with $1 million USD? 1. 1,112,300 EUR 2. 1,000,000 EUR 3. 899,038 EUR 4. 988,037 EUR
-
Assignment First, launch IntelliJ and close any previous projects that may be open (at the top menu go to File ==> Close All Projects). Create a new Java project and make sure "Create project from...
-
Question 5 6.67 pts Which of the following statements about the tax wedge is true? Note: The tax wedge is the difference between the pre-tax and after-tax wage (or any return to economic activity) O...
-
How many years will it take a $700 balance to grow into $900 in an account earning 5%?
-
Inventory computations require cost-flow assumptions only because specific identification of items sold is costly. Specific identification is theoretically superior to any cost-flow assumption and...
-
Construction companies often use the percentage-of-completion method. Why doesnt a typical manufacturing firm use this method of income recognition?
-
Working backward from consolidated income statements. Dealco Corporation published a consolidated income statement for the year, shown in Exhibit 13.10. The unconsolidated affiliate retained 25% of...
-
Using all the tips presented in this chapter, write your rsum. Aim it at a full-time job, part-time position, or internship that you researched online. Attach the job listing to your rsum. Also...
-
What is the imperative mood, and why is it preferred over the indicative mood?
-
Can workers today be successful if their writing is and remains poor? What could be the career fallout for someone who is unwilling or unable to train to become a better communicator?
Study smarter with the SolutionInn App