Scribd Logo
Upload

Welcome to Scribd!

  • Worksheet Problem of JOHN BALA MAPS Merhandising

    Uploaded by

    Kimberly G. Etang
    55 views2 pages
    The unadjusted trial balance of John Bala Maps as of December 31, 2019 shows total debits and credits of $3,333,000. Key accounts include cash of $31,000, accounts receivable of $83,000, merchandise inventory of $627,000, and office equipment of $370,000 on the debit side. Accounts payable of $58,000 and Bala's capital of $517,000 are on the credit side.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The unadjusted trial balance of John Bala Maps as of December 31, 2019 shows total debits and credits of $3,333,000. Key accounts include cash of $31,000, accounts receivable of $83,000, merchandise inventory of $627,000, and office equipment of $370,000 on the debit side. Accounts payable of $58,000 and Bala's capital of $517,000 are on the credit side.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    55 views2 pages

    Worksheet Problem of JOHN BALA MAPS Merhandising

    Uploaded by

    Kimberly G. Etang
    The unadjusted trial balance of John Bala Maps as of December 31, 2019 shows total debits and credits of $3,333,000. Key accounts include cash of $31,000, accounts receivable of $83,000, merchandise inventory of $627,000, and office equipment of $370,000 on the debit side. Accounts payable of $58,000 and Bala's capital of $517,000 are on the credit side.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    The unadjusted trial balance of the John Bala Maps as at December 31, 2019 follows:

    John Bala Maps


    Unadjusted Trial Balance
    December 31, 2019
    31,00
    CASH 0
    83,00
    ACCOUNTS RECEIVABLE 0
    627,00
    MERCHANDISE INVENTORY 0
    54,00
    PREPAID INSURANCE 0
    68,00
    OFFICE SUPPLIES 0
    370,00
    OFFICE EQUIPMENT 0
    50,00
    ACC. DEPRECIATION 0
    58,00
    ACCOUNTS PAYABLE 0
    517,00
    BALA, CAPITAL 0
    87,00
    BALA, WITHDRAWALS 0
    2,675,00
    SALES 0
    26,00
    SALES RETURNS AND ALLOWANCES 0
    23,00
    SALES DISCOUNTS 0
    1,512,00
    PURCHASES 0
    14,00
    PURCHASE RETURNS AND ALLOW. 0
    19,00
    PURCHASE DISCOUNTS 0
    38,00
    TRANSPORTATION IN 0
    327,00
    SALARIES EXPENSE 0
    61,00
    ADVERTISING EXPENSE 0
    26,00
    RENT EXPENSE 0  
    3,333,00 3,333,00
    TOTAL 0 0
    Additional information:
    a. Merchandise Inventory as at December 31, 2019 amounted to 532,000.
    b. Insurance coverage with premiums of 18,000 has expired during the year.
    c. Depreciation for the year amounted to 25,000.
    d. Office supplies remaining at year end amounted to 15,000.
    e. Salaries in the amount of 9,000 have accrued as at December 31, 2019.

    You might also like