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    Prob 9 & 10 Millan

    Uploaded by

    April Gumiran
    FOR BSA STUDENTS

    Copyright:

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

    Prob 9 & 10 Millan

    Uploaded by

    April Gumiran
    15 views4 pages
    FOR BSA STUDENTS

    Original Title

    PROB 9 & 10 MILLAN

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

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    FOR BSA STUDENTS

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    15 views4 pages

    Prob 9 & 10 Millan

    Uploaded by

    April Gumiran
    FOR BSA STUDENTS

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    MILLAN

    CHAPTER 6

    PROBLEM 9 PAGE 210

    2 kinds of Trial balance


    1. Trial balance of totals
    2. Trial balance of balances

    Content:
    Heading
    Body: account titles plus balances

    Trial balance of totals

    Silva Enterprise
    Trial Balance
    September 30, 2021
    Debit Credit
    Cash 150,000 101,000
    Accounts receivable 70,000 50,000
    Inventory 40,000 30,000
    Supplies 1,000
    Prepaid advertisilng 20,000
    Silva, Capital 100,000
    Sales 70,000
    Salaries Expense 8,000
    Taxes and Licenses 10,000
    Cost of sales 30,000
    Delivery Expense 10,000
    Utilities Expense 12,000
    Totals 351,000 351,000

    Trial balance of balances

    Silva Enterprise
    Trial Balance
    September 30, 2021
    Debit Credit
    Cash 49,000
    Accounts receivable 20,000
    Inventory 10,000
    Supplies 1,000
    Prepaid advertisilng 20,000
    Silva, Capital 100,000
    Sales 70,000
    Salaries Expense 8,000
    Taxes and Licenses 10,000
    Cost of sales 30,000
    Delivery Expense 10,000
    Utilities Expense 12,000
    Totals 170,000 170,000

    PROBLEM 10
    JOURNAL ENTRIES:
    1 Cash 200,000
    Mendoza, Capital 200,000

    2 Cash 600,000
    Loans Payable 600,000

    3 Equipment 450,000
    Cash 450,000

    4 Prepaid rent 20,000 Use asset method


    Cash 20,000

    5 Purchases 500,000 Use periodic method


    Accounts payable 500,000

    6 Cash 200,000
    Sales 200,000

    7 Accounts receivable 900,000


    Sales 900,000

    8 Accounts payable 400,000


    Cash 400,000

    9 Mendoza, Drawing 10,000


    Cash 10,000

    10 Interest Expense 15,000


    Cash 15,000

    post to account
    extract the trial balance (of balances)
    et method

    odic method

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