Scribd
Upload
37 views

Performance Task (Answer Format)

The document contains a list of transactions from June for Jerry Gomez's business, including purchases, sales, expenses and withdrawals. It also includes a trial balance for the month showing assets, liabilities, equity, revenues and expenses. The adjusted trial balance section separates the accounts into income statement, balance sheet and equity sections to prepare basic financial statements for the period.

Uploaded by

Jerome Soneja
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
37 views

Performance Task (Answer Format)

The document contains a list of transactions from June for Jerry Gomez's business, including purchases, sales, expenses and withdrawals. It also includes a trial balance for the month showing assets, liabilities, equity, revenues and expenses. The adjusted trial balance section separates the accounts into income statement, balance sheet and equity sections to prepare basic financial statements for the period.

Uploaded by

Jerome Soneja
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 11

Transactions

DATE ACCOUNT TITLE AND EXPLANATION REF DEBIT


Jun-03 Equipment ₱ 24,600
Cash ₱ 142,000
Jerry Gomez's Capital

5 Equipment ₱ 38,000
Cash
Notes Payable

7 Purchases ₱ 6,400
Account Payable

8 Account Receivable ₱ 9,600


Service Revenue

10 Cash ₱ 3,000
Service Revenue

11 No entry

12 Purchases ₱ 3,200
Cash

13 Cash ₱ 9,600.00
Account Receivable

14 Prepaid Insurance ₱ 8,000


Insurance Expense

16 Account Receivable ₱ 12,400


Service Revenue

18 Salaries Expense ₱ 3,000


Cash

19 Maintinance ₱ 800
Cash

20 Account Payable ₱ 6,400


Cash

21 Equipment ₱ 1,200
Purchases ₱ 5,800
Account Payable

23 Utility Expense ₱ 1,200


Utilities Payable

24 Cash ₱ 6,600
Account Receivable

26 Cash ₱ 7,200
Service Revenue

28 Note Payable ₱ 4,000


Cash

29 Salaries Expense ₱ 3,600


Cash

30 Jerry Gomez's Withdrawals ₱ 6,000


Cash
CREDIT

₱ 166,600

₱ 10,000
₱ 28,000

₱ 6,400

₱ 9,600

₱ 3,000

₱ 3,200

₱ 9,600

₱ 8,000

₱ 12,400

₱ 3,000

₱ 800

₱ 6,400
₱ 7,000

₱ 1,200

₱ 6,600

₱ 7,200

₱ 4,000

₱ 3,600

₱ 6,000
Jerry Gomez's Trial Balance
Trial Balance
For the Month Ended June
Cash ₱ 131,400
Equipment ₱ 63,800
Purchases ₱ 15,400
Account Receivable ₱ 5,800
Prepaid Insurance ₱ 8,000
Account Payable ₱ 7,000
Note Payable ₱ 24,000
Utilities Payable ₱ 1,200
Jayce Ferrer's Capital ₱ 166,600
Jayce Ferrer'ss Drawings ₱ 6,000
Service Revenue ₱ 32,200
Insurance Expense ₱ 8,000
Utilities Expense ₱ 1,200
Maintinance ₱ 800
Salaries Expense ₱ 6,600
239,000 239,000
Company Name
Statement
Date
No. Account Title Trial Balance Adjustments Adjusted Trial Balance
Debit Credit Debit Credit Debit
Cash ₱ 131,400
Equipment ₱ 63,800
Purchases ₱ 15,400
Account Receivable ₱ 5,800
Prepaid Insurance ₱ 8,000
Account Payable ₱ 7,000
Note Payable ₱ 24,000
Utilities Payable ₱ 1,200
Jayce Ferrer's Capital ₱ 166,600
Jayce Ferrer'ss Drawings ₱ 6,000
Service Revenue ₱ 32,200
Insurance Expense ₱ 8,000
Utilities Expense ₱ 1,200
Maintinance ₱ 800
Salaries Expense ₱ 6,600
239,000 239,000

`
justed Trial Balance Income Statement Balance Sheet
Credit Debit Credit Debit Credit
₱ 131,400
₱ 63,800
₱ 15,400
₱ 5,800
₱ 8,000
₱ 7,000
₱ 24,000
₱ 1,200
₱ 166,600
₱ 6,000
₱ 32,200
₱ 8,000
₱ 1,200
₱ 800
₱ 6,600
8,600 40,200 230,400 198,800
31,600 31,600
40,200 40,200 230,400 230,400

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy