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  • Cruz Specialty Foods Trial Balance December 31,2014 Debit Credit

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    Cruz Specialty Foods' trial balance on December 31, 2014 shows total debits of PHP 235,300 equal to total credits. Key accounts include PHP 18,500 in cash, PHP 20,000 in inventory, PHP 35,000 in equipment less PHP 9,000 in accumulated depreciation, PHP 33,650 in Juan Cruz's capital contribution, and PHP 187,000 in annual sales revenue.

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    chuchu

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    Exercise No. 8

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    Cruz Specialty Foods' trial balance on December 31, 2014 shows total debits of PHP 235,300 equal to total credits. Key accounts include PHP 18,500 in cash, PHP 20,000 in inventory, PHP 35,000 in equipment less PHP 9,000 in accumulated depreciation, PHP 33,650 in Juan Cruz's capital contribution, and PHP 187,000 in annual sales revenue.

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    44 views1 page

    Cruz Specialty Foods Trial Balance December 31,2014 Debit Credit

    Uploaded by

    bEATukons Hub
    Cruz Specialty Foods' trial balance on December 31, 2014 shows total debits of PHP 235,300 equal to total credits. Key accounts include PHP 18,500 in cash, PHP 20,000 in inventory, PHP 35,000 in equipment less PHP 9,000 in accumulated depreciation, PHP 33,650 in Juan Cruz's capital contribution, and PHP 187,000 in annual sales revenue.

    Copyright:

    © All Rights Reserved
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    CRUZ SPECIALTY FOODS

    Trial Balance
    December 31,2014

    Debit Credit
    Cash PHP 18,500
    Acounts Receivable,
    12/31/04 4,500
    Inventory,
    12/31/04 20,000
    Equipment 35,000
    Accumulated Depreciation,
    12/31/04 PHP 9,000
    Accounts Payable, 12/31/04 4,800
    Payroll Taxes Withheld 850
    Juan Cruz, Capital,
    12/31/04 33,650
    Juan Cruz,Drawings 24,000
    Sales Revenue 187,000
    Purchases 82,700
    Salaries Expense 29,500
    Payroll Tax Expense 2,900
    Rent Expense 8,400
    Miscellaneous Expense 3,900
    Insurance Expense 2,400
    Utilities expense 3,500
    Totals PHP 235,300 PHP 235,300

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