Question

Trial Balance Nov. 30, 2023 Acct. No. Account Titles Debit Credit 110 Cash P 1,129,800 120 Accounts Receivable 3,712,500 130 Uniform Supplies 31,050 140 Prepaid Insurance 950 150 Land 2,025,000 160 Training Facilities 12,750,000 170 Training Equipment 2,625,000 180 Other Non-current assets 11,250,000 210 Notes Payable P 1,800,000 220 Accounts Payable 4,725,000 230 Mortgage Payable 10,500,000 310 Fabella, Capital 17,643,750 320 Fabella, Withdrawals 1,875,000 410 Game Attendance Revenues 10,125,000 510 Salaries Expense 4,875,000 520 Advertising expense 400,000 530 Travel Expense 1,532,400 540 Laundry Expense 528,000 550 Medical Expense 194,550 560 Utilities Expense 1,734,000 570 Miscellaneous Expense 130,500 Totals P44.793.750 P44.793.750 

          Trial Balance
Nov. 30, 2023
Acct. No.
Account Titles
Debit
Credit
110
Cash
P 1,129,800
120
Accounts Receivable
3,712,500
130
Uniform Supplies
31,050
140
Prepaid Insurance
950
150
Land
2,025,000
160
Training Facilities
12,750,000
170
Training Equipment
2,625,000
180
Other Non-current assets
11,250,000
210
Notes Payable
P 1,800,000
220
Accounts Payable
4,725,000
230
Mortgage Payable
10,500,000
310
Fabella, Capital
17,643,750
320
Fabella, Withdrawals
1,875,000
410
Game Attendance Revenues
10,125,000
510
Salaries Expense
4,875,000
520
Advertising expense
400,000
530
Travel Expense
1,532,400
540
Laundry Expense
528,000
550
Medical Expense
194,550
560
Utilities Expense
1,734,000
570
Miscellaneous Expense
130,500
Totals
P44.793.750 P44.793.750
Show more…
Trial Balance Nov. 30, 2023 Acct. No. Account Titles Debit Credit 110 Cash P 1,129,800 120 Accounts Receivable 3,712,500 130 Uniform Supplies 31,050 140 Prepaid Insurance 950 150 Land 2,025,000 160 Training Facilities 12,750,000 170 Training Equipment 2,625,000 180 Other Non-current assets 11,250,000 210 Notes Payable P 1,800,000 220 Accounts Payable 4,725,000 230 Mortgage Payable 10,500,000 310 Fabella, Capital 17,643,750 320 Fabella, Withdrawals 1,875,000 410 Game Attendance Revenues 10,125,000 510 Salaries Expense 4,875,000 520 Advertising expense 400,000 530 Travel Expense 1,532,400 540 Laundry Expense 528,000 550 Medical Expense 194,550 560 Utilities Expense 1,734,000 570 Miscellaneous Expense 130,500 Totals P44.793.750 P44.793.750

Added by Julia S.

Close

Horngren’s Cost Accounting
Horngren’s Cost Accounting
Srikant M. Datar, Madhav V. Rajan 16th Edition
AceChat toggle button
Close icon
Ace pointing down

Please give Ace some feedback

Your feedback will help us improve your experience

Thumb up icon Thumb down icon
Thanks for your feedback!
Profile picture
Try to make Income statement, balance sheet and owner’s equity Trial Balance Nov.30,2023 Acct. No. 110 120 130 140 150 160 170 180 210 220 230 310 320 410 510 520 530 540 550 560 570 Account Titles Cash Accounts Receivable Uniform Supplies Prepaid Insurance Land Training Facilities Training Equipment Other Non-current assets Notes Payable Accounts Payable Mortgage Payable Fabella,Capital Fabella,Withdrawals Game Attendance Revenues Salaries Expense Advertising expense Travel Expense Laundry Expense Medical Expense Utilities Expense Miscellaneous Expense Totals Debit P 1,129,800 3,712,500 31,050 950 2,025,000 12,750,000 2,625,000 11,250,000 Credit P 1,800,000 4,725,000 10,500,000 17,643,750 1,875,000 10,125,000 4,875,000 400,000 1,532,400 528,000 194,550 1,734,000 130,500 P44.793.750 P44.793.750
Close icon
Play audio
Feedback
Powered by NumerAI
Kathleen Carty Danielle Fairburn
Ivan Kochetkov verified

Akash M and 81 other subject Principles of Accounting educators are ready to help you.

Ask a new question
*

Labs

-

Want to see this concept in action?

NEW

Explore this concept interactively to see how it behaves as you change inputs.

View Labs
*

Recommended Videos

-
prepare-a-trial-balance-income-statement-balance-sheet-and-statement-of-equity-in-excel-using-the-data-from-the-attached-excel-worksheet-account-amount-7400-51900-115750-300000-19700-50000-7-45473

Account Amount 7,400 51,900 115,750 300,000 19,700 50,000 70,400 96,000 2,700 800 6,350 40,000 Accounts Payable Accounts Receivable Cash Design Service Revenue Marketing Expense Office Rent Expense Owners Capital, 11/30/2021 Salaries Expense Salaries Payable Supplies Inventory Supplies Expense Withdrawals

Akash M.
prepare-a-balance-sheet-and-income-statement-for-tnt-inc-a-prepare-an-income-statement-for-tnt-b-prepare-a-balance-sheet-for-tnt-c-what-can-you-say-about-the-firms-financial-condition-based-64757

Depreciation expense $99,000 337,600 501,100 858,800 152,300 117,700 1,342,800 112,300 252,150 7,120 11,790 433,900 446,500 148,355 75,530 395,400 21,590 452,525

Adi S.
use-the-attached-trial-balance-and-create-1-income-statement-with-vertical-analysis-2-statement-of-retained-earnings-3-balance-sheet

Use the attached Trial balance and create: 1) income statement with vertical analysis 2) statement of retained earnings 3) balance sheet

Akash M.
*

Recommended Textbooks

-
Horngren’s Cost Accounting

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition
achievement 1,633 solutions
Cost Accounting A Managerial Emphasis

Cost Accounting A Managerial Emphasis

Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan 14th Edition
achievement 1,821 solutions
Principles of Accounting Volume 1: Financial Accounting

Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon Cooper 1st Edition
achievement 1,587 solutions
*

Transcript

-
00:01 Hello students, so first is trial balance accounts and their balance total credits which is $80 ,500 indicating an error next is income statement displays revenues and expenses net income is calculated at 128 ,000 $950 number three balance sheet assets list assets including accounts receivable cash and supplies inventory totaling of $168 ,450 next is balance sheet liabilities details liabilities like accounts payable and salaries payable amounting to $10 ,100 statement of statement of equity shows the change in owners equity beginning equity is $70 ,400 one withdrawals is $40 ,000 resulting in ending owners equity is $159 ,350 i hope you understood...
Need help? Use Ace
Ace is your personal tutor. It breaks down any question with clear steps so you can learn.
Start Using Ace
Ace is your personal tutor for learning
Step-by-step explanations
Instant summaries
Summarize YouTube videos
Understand textbook images or PDFs
Study tools like quizzes and flashcards
Listen to your notes as a podcast
Continue solving this problem
Create a free account to:
  • View full step-by-step solution
  • Ask follow-up questions with Ace AI
  • Save progress and study later
Continue Free
Numerade

Get step-by-step video solution
from top educators

Continue with Clever
or



By creating an account, you agree to the Terms of Service and Privacy Policy
Already have an account? Log In

A free answer
just for you

Watch the video solution with this free unlock.

Numerade

Log in to watch this video
...and 100,000,000 more!


EMAIL

PASSWORD

OR
Continue with Clever