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  • Monica Banaag Cleaners: Trial Balance and Adjusting Entries

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    Jasmine Cate Jumilla
    72 views3 pages
    Monica Banaag Cleaners' trial balance and adjusting entries show debits of $3,917,640 and credits of $3,917,940. Key accounts include cash, accounts receivable, prepaid insurance, land, building, accounts payable, unearned cleaning revenues, salaries payable, capital, withdrawals, cleaning revenues, salaries expenses, and depreciation expense. Adjusting entries were made for accrued expenses, prepaid expenses, and depreciation.

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    BABA1C

    Original Title

    4.3.2.5

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    Monica Banaag Cleaners' trial balance and adjusting entries show debits of $3,917,640 and credits of $3,917,940. Key accounts include cash, accounts receivable, prepaid insurance, land, building, accounts payable, unearned cleaning revenues, salaries payable, capital, withdrawals, cleaning revenues, salaries expenses, and depreciation expense. Adjusting entries were made for accrued expenses, prepaid expenses, and depreciation.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    72 views3 pages

    Monica Banaag Cleaners: Trial Balance and Adjusting Entries

    Uploaded by

    Jasmine Cate Jumilla
    Monica Banaag Cleaners' trial balance and adjusting entries show debits of $3,917,640 and credits of $3,917,940. Key accounts include cash, accounts receivable, prepaid insurance, land, building, accounts payable, unearned cleaning revenues, salaries payable, capital, withdrawals, cleaning revenues, salaries expenses, and depreciation expense. Adjusting entries were made for accrued expenses, prepaid expenses, and depreciation.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 3

    Monica Bana

    Trial Balance and


    30-S
    Account Trial balance
    Debit
    Cash 117,880.00
    Accounts Receivable 264,940.00
    Prepaid Insurance 34,000.00
    Cleaning Supplies 73,740.00
    Land 180,000.00
    Building 1,850,000.00
    A/D Building
    Accounts Payable
    Unearned Cleaning Revenues
    Mortagage Payable
    Salaries Payable
    Banaag, Capital
    Banaag, Withdrawals 100,000.00
    Cleaning Revenues
    Salaries Expenses 1,013,000.00
    Cleaning and Equipment Rent E 60,000.00
    Delivery Truck Rent Expense 43,740.00
    Utilities Expense 70,340.00
    Interest Expense 110,000.00
    Depreciation Expense; Building
    3,917,640.00
    Monica Banaag Cleaners
    Trial Balance and Adjusting Entries
    30-Sep-19
    Trial balance Adjusting entries
    Credit Debit

    456,000.00
    204,000.00
    16,000.00 4,000.00
    1,100,000.00 10,000.00
    565,600.00

    1,576,340.00

    16,800.00
    61,300.00

    27,200.00
    128,000
    3,917,940.00 247,300.00
    rs
    Adjusting entries
    Credit

    27,200.00
    61,300.00

    128,000.00

    16,800.00
    10,000.00

    4,000.00

    247,300.00

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