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    Trial Balance

    Uploaded by

    Laurice Racraquin
    This trial balance on December 31, 2012 shows OMG Trucking Services' assets, liabilities, and equity accounts. It lists cash, accounts receivable, notes receivable, prepaid insurance, office supplies, office equipment, furniture and fixtures, and delivery equipment as assets totaling ₱3,934,000 in the debit column. Accounts payable, utilities payable, loan payable, and capital and drawing accounts of the owner total ₱3,934,000 in the credit column as liabilities and equity. Delivery income is listed as a credit along with salaries, utilities, taxes and licenses expenses in the debit column.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Trial Balance

    Uploaded by

    Laurice Racraquin
    636 views1 page
    This trial balance on December 31, 2012 shows OMG Trucking Services' assets, liabilities, and equity accounts. It lists cash, accounts receivable, notes receivable, prepaid insurance, office supplies, office equipment, furniture and fixtures, and delivery equipment as assets totaling ₱3,934,000 in the debit column. Accounts payable, utilities payable, loan payable, and capital and drawing accounts of the owner total ₱3,934,000 in the credit column as liabilities and equity. Delivery income is listed as a credit along with salaries, utilities, taxes and licenses expenses in the debit column.

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    Trial Balance.docx

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    This trial balance on December 31, 2012 shows OMG Trucking Services' assets, liabilities, and equity accounts. It lists cash, accounts receivable, notes receivable, prepaid insurance, office supplies, office equipment, furniture and fixtures, and delivery equipment as assets totaling ₱3,934,000 in the debit column. Accounts payable, utilities payable, loan payable, and capital and drawing accounts of the owner total ₱3,934,000 in the credit column as liabilities and equity. Delivery income is listed as a credit along with salaries, utilities, taxes and licenses expenses in the debit column.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    636 views1 page

    Trial Balance

    Uploaded by

    Laurice Racraquin
    This trial balance on December 31, 2012 shows OMG Trucking Services' assets, liabilities, and equity accounts. It lists cash, accounts receivable, notes receivable, prepaid insurance, office supplies, office equipment, furniture and fixtures, and delivery equipment as assets totaling ₱3,934,000 in the debit column. Accounts payable, utilities payable, loan payable, and capital and drawing accounts of the owner total ₱3,934,000 in the credit column as liabilities and equity. Delivery income is listed as a credit along with salaries, utilities, taxes and licenses expenses in the debit column.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    OMG Trucking Services

    Trial Balance
    December 31, 2012

    ACCOUNTS DEBIT CREDIT


    Cash ₱ 1,874,200.00
    Accounts Receivable 77,000.00
    Notes Receivable 11,000.00
    Prepaid Insurance 45,000.00
    Office Supplies 2,000.00
    Office Equipment 21,000.00
    Furniture and Fixtures 12,000.00
    Delivery Equipment 1,800,000.00
    Accounts Payable ₱ 6,000.00
    Utilities Payable 5,000.00
    Loan Payable 500,000.00
    OMG, Capital 3,300,000.00
    OMG, Drawing 50,000.00
    Delivery Income 123,000.00
    Salaries Expense 27,800.00
    Utilities Expense 8,500.00
    Taxes and Licenses 5,500.00
    Expense
    TOTAL ₱ 3,934,000.00 ₱ 3,934,000.00

    Laurice Mae C. Racraquin


    ABM 11- LUCIO TAN

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