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Look new repair shop Financial Statement, Exercises of Accounting

Palawan State University (PSU)Accounting

look new repair shop Financial statement for the month ended December 31, 2010. Together with account title, Income Statement and Balance sheet. this is for guide and example for records of transactions.

Typology: Exercises

2019/2020

Uploaded on 10/29/2020

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Look New Repair Shop
Worksheet
For the month ended December 31, 2010
Account Title Income Statement
Balance Sheet
Dr Cr Dr
Cash 50,000.00
Account Receivable 59,000.00
Prepaid Rent 78,000.00
Equipment 102,000.00
Account Payable
L, Capital
L, Drawing 50,000.00
Repair Income 320000.00
Rent Expense 75,000.00
Salaries Expense 45,000.00
Utilities Expense 27,000.00
TOTAL 147,000.00
173,000.00
₱ 320,000.00 ₱ 320,000.00 339,000.00
pf2

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Look New Repair Shop Worksheet For the month ended December 31, 2010 Account Title Income Statement Balance Sheet Dr Cr Dr Cash 50,000. Account Receivable 59,000. Prepaid Rent 78,000. Equipment 102,000. Account Payable L, Capital L, Drawing 50,000. Repair Income 320000. Rent Expense 75,000. Salaries Expense 45,000. Utilities Expense 27,000. TOTAL 147,000. 173,000. ₱ 320,000.00 ₱ 320,000.00 339,000.

Balance Sheet Cr 66,000. 100,000. 166,000. 173,000. 339,000.