1 Journal Entries 2 Ledger 3 Trial Balance

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 46P: Blue Company, an architectural firm, has a bookkeeper who maintains a cash receipts and...
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Required: Provide the following by creating a tab for each:
1 Journal Entries
2 Ledger
3 Trial Balance
4 Worksheet
5 Financial Statements (Income Statement, Statement of Changes in Equity, and Balance Sheet)
6 Adjusting Journal Entries
7 Closing Entries
8 Post-Closing Trial Balance
9 Reversing Entries
Transcribed Image Text:Required: Provide the following by creating a tab for each: 1 Journal Entries 2 Ledger 3 Trial Balance 4 Worksheet 5 Financial Statements (Income Statement, Statement of Changes in Equity, and Balance Sheet) 6 Adjusting Journal Entries 7 Closing Entries 8 Post-Closing Trial Balance 9 Reversing Entries
EF is a service provider. During the month of November 2022, he completed the following transactions.
Nov-0: Purchase supplies, P15,000
2 Paid P10,000 for business permit, DTI registration, BIR registration, and other permits and licenses.
2 Billed client for service rendered, P15,000
2 The owner withdrew P30,000 for personal use
3 Received cash from client for service rendered, P25,000
5 Billed client for service rendered, P35,000
6 Purchase supplies from National Bookstore, P12,000
14 Received cash from previously billed customer, P10,000
15 Paid P7,500 salary to employee
16 Paid accounts payable, P22,000
20 Received bill from advertiser, P5,000
25 Billed client for service rendered, P35,000
28 Paid mechanic for repairs and maintenance of vehicle, P5,000
30 Received cash from client for service rendered, P15,000
30 Paid P7,500 salary to employee
30 Received utility bills, meralco P5,500, water district P800, telephone P2,500
30 The owner withdrew P30,000 for personal use
Data for adjustment
1 Supplies on hand, P500
2 Rent
3 Insurance
4 Vehicle - depreciation
5 Furniture & Fixtures - Depreciation
6 unbilled customer, P5,000
7 unpaid workers, P15,000
Transcribed Image Text:EF is a service provider. During the month of November 2022, he completed the following transactions. Nov-0: Purchase supplies, P15,000 2 Paid P10,000 for business permit, DTI registration, BIR registration, and other permits and licenses. 2 Billed client for service rendered, P15,000 2 The owner withdrew P30,000 for personal use 3 Received cash from client for service rendered, P25,000 5 Billed client for service rendered, P35,000 6 Purchase supplies from National Bookstore, P12,000 14 Received cash from previously billed customer, P10,000 15 Paid P7,500 salary to employee 16 Paid accounts payable, P22,000 20 Received bill from advertiser, P5,000 25 Billed client for service rendered, P35,000 28 Paid mechanic for repairs and maintenance of vehicle, P5,000 30 Received cash from client for service rendered, P15,000 30 Paid P7,500 salary to employee 30 Received utility bills, meralco P5,500, water district P800, telephone P2,500 30 The owner withdrew P30,000 for personal use Data for adjustment 1 Supplies on hand, P500 2 Rent 3 Insurance 4 Vehicle - depreciation 5 Furniture & Fixtures - Depreciation 6 unbilled customer, P5,000 7 unpaid workers, P15,000
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