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    Performance Task 2nd Quarter

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    Joe
    This document provides the trial balance for ABM Corp. as of December 31, 2017 along with additional financial information. It requires preparing a 10-column worksheet using the data provided in the trial balance and notes. Specifically, it lists accounts and debit/credit balances in the trial balance, provides additional information about account balances and transactions during the year, and asks to prepare a 10-column worksheet to analyze the trial balance data.

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    Performance Task 2nd Quarter

    Uploaded by

    Joe
    37 views1 page
    This document provides the trial balance for ABM Corp. as of December 31, 2017 along with additional financial information. It requires preparing a 10-column worksheet using the data provided in the trial balance and notes. Specifically, it lists accounts and debit/credit balances in the trial balance, provides additional information about account balances and transactions during the year, and asks to prepare a 10-column worksheet to analyze the trial balance data.

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    This document provides the trial balance for ABM Corp. as of December 31, 2017 along with additional financial information. It requires preparing a 10-column worksheet using the data provided in the trial balance and notes. Specifically, it lists accounts and debit/credit balances in the trial balance, provides additional information about account balances and transactions during the year, and asks to prepare a 10-column worksheet to analyze the trial balance data.

    Copyright:

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

    Performance Task 2nd Quarter

    Uploaded by

    Joe
    This document provides the trial balance for ABM Corp. as of December 31, 2017 along with additional financial information. It requires preparing a 10-column worksheet using the data provided in the trial balance and notes. Specifically, it lists accounts and debit/credit balances in the trial balance, provides additional information about account balances and transactions during the year, and asks to prepare a 10-column worksheet to analyze the trial balance data.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    UM Tagum College

    Senior High School Department


    Accountancy, Business and Management
    Accounting 1s

    Performance Task 09-Mar-17


    Presented below is the trial balance of ABM CORP. for December 31, 2017.

    ABM CORP
    Trial Balance
    December 31, 2017

    Account Titles Dr. Cr.


    Cash 16,800.00
    Accounts Receivable 6,600.00
    Allowance for Bad Debts
    Merchandise Inventory 16,500.00
    Prepaid Insurance 800.00
    Office Supplies 2,000.00
    Store Equipment 15,000.00
    Acc. Dep- Store Equipment 3,600.00
    Office Equipment 12,000.00
    Acc. Dep- Office Equipment 3,000.00
    Accounts Payable 10,000.00
    Ang Iingay, Capital 26,600.00
    Ang Iingay, Drawing 5,000.00
    Sales 150,000.00
    Sales Returns and Allowances 13,000.00
    Purchases 75,000.00
    Purchases Returns and Allowances 4,500.00
    Purchase Discounts 1,500.00
    Freight In 800.00
    Salaries Expense 12,000.00
    Rent Expense 20,000.00
    Utilities Expense 2,500.00
    Freight Out 1,200.00

    Additional informations determined for December 31, 2017 are as follows:


    a. Depreciation of the store equipment is P2,500 and that of the office equipment isP3,600.
    b. Office Supplies used during the year amounted to P3,500.
    c.Insurance expired during the year is P300.
    d. Ending Inventory amounted to P10,000.
    e. Doubtful accounts at year end are estimated to be P1,200.
    f. Unpaid utilities at year-end amounted to P20,000.

    Required:
    Prepare a 10-column worksheet.

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