1.

Sarabia Abad
2% allowance for doubtful accounts -370.00 -270.00
furniture and fixtures 1000.00
office equipment -250.00
2.C accrued rent expense -1000.00
accrued salaries expense -800.00
inventory -500.00 1500.00
total -870.00 180.00

Sarabia Abad Total

accounts Payable 45750.00 18000.00 63750.00
rent payable 1000.00 1000.00
salaries payable 800.00 800.00
46750.00 18800.00 65550.00
3.B
Sarabia Abad Total
Total 105375.00 51500.00 156875.00
2% allowance for doubtful accounts -370.00 -270.00 -640.00
furniture and fixtures 1000.00 1000.00
office equipment -250.00 -250.00
4.C inventory -500.00 1500.00 1000.00
105505.00 52480.00 157985.00

Ables Galang
Cash 20000.00 30000.00
Inventory 15000.00
Building 40000.00
Furniture and Equipment 15000.00
5.B Mortgage Payable -10000.00
35000.00 75000.00

6.B

7.C

8.B

9.A Calma Abello

Cash 15000.00 50000.00
Land 310000.00
Mortgage Payable -30000.00
15000.00 330000.00
10.B

11.A

12.D Kalaw Borromeo

Cash 30000.00 70000.00
Machinery and Equipment 25000.00 75000.00
Building 225000.00
Furniture and Fixtures 10000.00
Mortgage Payable -80000.00
65000.00 290000.00

13.A

14.A

15.C

16.C