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1) Teofila Albay established the Albay Eye Clinic and recorded various cash transactions and equipment purchases during June 2022. 2) Juan Aguilar recorded cash transactions involving supplies, prepaid insurance, equipment purchases and payments to accounts payable. 3) Tria contributed capital of $150,000 to start the business and various expenses were recorded including rent, office furniture, consulting fees and salaries.

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Christine Marie Caubanan
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3K views9 pages

Assignment Acc

1) Teofila Albay established the Albay Eye Clinic and recorded various cash transactions and equipment purchases during June 2022. 2) Juan Aguilar recorded cash transactions involving supplies, prepaid insurance, equipment purchases and payments to accounts payable. 3) Tria contributed capital of $150,000 to start the business and various expenses were recorded including rent, office furniture, consulting fees and salaries.

Uploaded by

Christine Marie Caubanan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Problem #14

On June 1, 2022, Teofila Albay, Optometrist, established the Albay Eye Clinic Transactions
completed during the month are follows

Cash Account Recievable Office Equipments = Accounts Payable Albay, Capital


200,000 200,000
-8,400 -8,400
-7,750 -7,750
91,800 91,800
-6,000 18,400 12,400
24,210 24,210
-9,000 -9,000
-2,430 -2,430
-9,900 -9,900
25,150 25,150
-12,500 -12,500
Problem #16

Cash Accounts Recievable Supplies Prepaid Insurance


a 60,000
b -22,500
c
d -5,600
e -5,760 5,760
f 21,750
g -5,730 5,730
h 4,440
i -960
j
k 16,420
l -10,500
m -20,400
Spray Equipment Service Vehicle = Accounts Payable Aguilar Equity
60,000
112,500 90,000
18,000 18,000
-5,600

21,750

4,440
-960
3,270 -3,270
16420
-10,500
-20,400
Problem 17

a. Cash = Tria, Capital


Debit Credit Debit Credit

150,000 150,000

b. Cash Rent Expense

Debit Credit Debit Credit

Bal. 150,000
7,500 7,500

c. Cash Office Furniture


Debit Credit Debit Credit

Bal. 150,000 7,500


26,000 26,000

d. Cash Consulting Revenue

Debit Credit Debit Credit

Bal. 150,00 7,500


10,500 26,000 10,500

e. Accounts Recievable Consulting Revenue

Debit Credit Debit Credit

10,500
12,750 12,750
f Office Equipment Accounts Payable
Debit Credit
Debit Credit

55,000 27,500

Cash Miscellaneous Expenses


Debit Credit
Debit Credit

150,00 7,500 55,000


10,500 26,000
27,500
9,500

Cash Accounts Recievable

Debit Credit Debit Credit

150,00 7,500
10,500 26,000 12,750
7,000 27,500 7,000
9,500

Office Furniture Accounts Payable


Debit Credit
Debit Credit

26,000 27,500
8,000 30,000
8,000

Cash Salaries Exapense

Debit Credit Debit Credit

150,00 7,500
10,500 26,000 32,500
7,000 9,500
27,500
32,500

Cash Consulting Revenue


Debit Credit
Debit Credit

150,00 7,500 10,500


10,500 26,000 12,750
7,000 9,500 10,250
10,250 27,500
32,500

Accounts Recievable Consulting Revenue


Debit Credit Debit Credit

10,500
12,750 7,000 12,750
11,500 10,250
11,500

Cash Accounts Recievable


Debit Credit
Debit Credit

150,00 7,500 12,750 7,000


10,500 26,000 11,500 6000
7,000 9,500
10,250 27,500
6000 32,500

Cash Accounts Payable


Debit Credit
Debit Credit

150,00 7,500 27,500


10,500 26,000 30,000
7,000 9,500 8,000
10,250 32,500 4,000
6000 4,000
Cash Utilities Expenses

Debit Credit Debit Credit

150,00 7,500
10,500 26,000 2250
7,000 9,500
10,250 27,500
6000 32,500
4,000
2250

Cash Utilities Expenses

Debit Credit Debit Credit

150,00 7,500
10,500 26,000 2,500
7,000 9,500
10,250 32,500
6000 4,000
2250
2,500

Cash
Tria, Withdrawal
Debit Credit

150,00 7,500
10,500 26,000 10,000
7,000 9,500
10,250 27500
6000 32,500
4,000
2250
2,500
10,000
Cash

Debit Credit

150,00 7,500
10,500 26,000
27,500

Accounts Payable
Debit Credit

27,500
30,000

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