Problem 15

 

  roblem 15   reparing a Trial Balance The ledger of Daria Tolentino Advertising and Publicity contained the following account balances as at Oct. 31, 2010:

Cash  Accounts Receivable Receivable

160,000 426,000

Prepaid Insurance Equipment  Accounts Payable Payable Tolentino, Capital Tolentino, Withdrawals  Advertising Revenues Revenues Public Relation Revenues Salaries Expense Rent Expense Supplies Expense Utilities Expense Miscellaneous Expense

36,000 524,000 245,000 765,000 562,000 964,000 425,000 520,000 90,000 40,000 24,000 17,000

 ANSWER: ACCOUNT TITLES

DEBIT

Cash  Accounts Receivable Receivable Prepaid Insurance Equipment  Accounts Payable Payable Tolentino, Capital Tolentino, Withdrawals  Advertising Revenues Revenues Public Relation Revenues

CREDIT 160,000.00 426,000.00 36,000.00 524,000.00 245,000.00 765,000.00 562,000.00 964,000.00 425,000.00

S RaelnatriEexspEexnpseense Supplies Expense Utilities Expense Miscellaneous Expense TOTAL:

₱

59200,,000000..0000 40,000.00 24,000.00 17,000.00 2,399,000.00

₱

2,399,000.00