5:59 b 18 77 * l B/s Edit 2 WEEK 8: PREPARATION OF WORKSHEET (Page 338 : 8-4) Cajegas Trucking Services Trial Balance June 30, 2021 Debit Credit 1,020,000.00 Cash in Bank Petty cash Fund Accounts...


5:59 b<br>18<br>77<br>* l B/s<br>Edit<br>2<br>WEEK 8:<br>PREPARATION OF WORKSHEET<br>(Page 338 : 8-4)<br>Cajegas Trucking Services<br>Trial Balance<br>June 30, 2021<br>Debit<br>Credit<br>1,020,000.00<br>Cash in Bank<br>Petty cash Fund<br>Accounts Receivable<br>P<br>1,000.00<br>120,000.00<br>Estimated Uncollectible Account<br>1,200.00<br>Unused Supplies<br>Prepaid Insurance<br>Prepaid Rent<br>15,000.00<br>8,500.00<br>30,000.00<br>Delivery Truck<br>Accumulated Depreciation -Delivery Truck<br>Accounts Payable<br>P. Cajegas, Capital<br>P. Cajegas , Drawing<br>1,500,000.00<br>250,000.00<br>130,000.00<br>1,818,500.00<br>50,000.00<br>Trucking Income<br>Taxes and Licenses<br>935,000.00<br>10,000.00<br>Repairs and Maintenance<br>27,000.00<br>Retainers Fee<br>25,000.00<br>Salaries and Wages<br>Utilities Expenses<br>320,000.00<br>8,200.00<br>Total<br>3.134,700.00<br>P 3.134.70o0.00<br>Additional Information<br>1.) Provision for uncollectible account should be 2% of the outstanding receivable account.<br>2.) Supplies actually on hand, P5,000<br>3.) Of the prepaid insurance, P 6,200 has actually expired<br>4.) P 18,000 of the prepaid rental has expired<br>5.) Depreciation expense for the period is P 105,000.<br>Required:<br>a. ) Adjusting entries (to guide you in the completion of worksheet)<br>b. ) A 10-column worksheet<br>DO<br>Tools<br>Mobile View<br>Share<br>

Extracted text: 5:59 b 18 77 * l B/s Edit 2 WEEK 8: PREPARATION OF WORKSHEET (Page 338 : 8-4) Cajegas Trucking Services Trial Balance June 30, 2021 Debit Credit 1,020,000.00 Cash in Bank Petty cash Fund Accounts Receivable P 1,000.00 120,000.00 Estimated Uncollectible Account 1,200.00 Unused Supplies Prepaid Insurance Prepaid Rent 15,000.00 8,500.00 30,000.00 Delivery Truck Accumulated Depreciation -Delivery Truck Accounts Payable P. Cajegas, Capital P. Cajegas , Drawing 1,500,000.00 250,000.00 130,000.00 1,818,500.00 50,000.00 Trucking Income Taxes and Licenses 935,000.00 10,000.00 Repairs and Maintenance 27,000.00 Retainers Fee 25,000.00 Salaries and Wages Utilities Expenses 320,000.00 8,200.00 Total 3.134,700.00 P 3.134.70o0.00 Additional Information 1.) Provision for uncollectible account should be 2% of the outstanding receivable account. 2.) Supplies actually on hand, P5,000 3.) Of the prepaid insurance, P 6,200 has actually expired 4.) P 18,000 of the prepaid rental has expired 5.) Depreciation expense for the period is P 105,000. Required: a. ) Adjusting entries (to guide you in the completion of worksheet) b. ) A 10-column worksheet DO Tools Mobile View Share

Jun 10, 2022
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