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    Assignment Acc

    Uploaded by

    Christine Marie Caubanan
    1) Teofila Albay established the Albay Eye Clinic and recorded various cash transactions and equipment purchases during June 2022. 2) Juan Aguilar recorded cash transactions involving supplies, prepaid insurance, equipment purchases and payments to accounts payable. 3) Tria contributed capital of $150,000 to start the business and various expenses were recorded including rent, office furniture, consulting fees and salaries.

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    Assignment Acc

    Uploaded by

    Christine Marie Caubanan
    364 views9 pages
    1) Teofila Albay established the Albay Eye Clinic and recorded various cash transactions and equipment purchases during June 2022. 2) Juan Aguilar recorded cash transactions involving supplies, prepaid insurance, equipment purchases and payments to accounts payable. 3) Tria contributed capital of $150,000 to start the business and various expenses were recorded including rent, office furniture, consulting fees and salaries.

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    1) Teofila Albay established the Albay Eye Clinic and recorded various cash transactions and equipment purchases during June 2022. 2) Juan Aguilar recorded cash transactions involving supplies, prepaid insurance, equipment purchases and payments to accounts payable. 3) Tria contributed capital of $150,000 to start the business and various expenses were recorded including rent, office furniture, consulting fees and salaries.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    364 views9 pages

    Assignment Acc

    Uploaded by

    Christine Marie Caubanan
    1) Teofila Albay established the Albay Eye Clinic and recorded various cash transactions and equipment purchases during June 2022. 2) Juan Aguilar recorded cash transactions involving supplies, prepaid insurance, equipment purchases and payments to accounts payable. 3) Tria contributed capital of $150,000 to start the business and various expenses were recorded including rent, office furniture, consulting fees and salaries.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 9

    Problem #14

    On June 1, 2022, Teofila Albay, Optometrist, established the Albay Eye Clinic Transactions
    completed during the month are follows

    Cash Account Recievable Office Equipments = Accounts Payable Albay, Capital


    200,000 200,000
    -8,400 -8,400
    -7,750 -7,750
    91,800 91,800
    -6,000 18,400 12,400
    24,210 24,210
    -9,000 -9,000
    -2,430 -2,430
    -9,900 -9,900
    25,150 25,150
    -12,500 -12,500
    Problem #16

    Cash Accounts Recievable Supplies Prepaid Insurance


    a 60,000
    b -22,500
    c
    d -5,600
    e -5,760 5,760
    f 21,750
    g -5,730 5,730
    h 4,440
    i -960
    j
    k 16,420
    l -10,500
    m -20,400
    Spray Equipment Service Vehicle = Accounts Payable Aguilar Equity
    60,000
    112,500 90,000
    18,000 18,000
    -5,600

    21,750

    4,440
    -960
    3,270 -3,270
    16420
    -10,500
    -20,400
    Problem 17

    a. Cash = Tria, Capital


    Debit Credit Debit Credit

    150,000 150,000

    b. Cash Rent Expense

    Debit Credit Debit Credit

    Bal. 150,000
    7,500 7,500

    c. Cash Office Furniture


    Debit Credit Debit Credit

    Bal. 150,000 7,500


    26,000 26,000

    d. Cash Consulting Revenue

    Debit Credit Debit Credit

    Bal. 150,00 7,500


    10,500 26,000 10,500

    e. Accounts Recievable Consulting Revenue

    Debit Credit Debit Credit

    10,500
    12,750 12,750
    f Office Equipment Accounts Payable
    Debit Credit
    Debit Credit

    55,000 27,500

    Cash Miscellaneous Expenses


    Debit Credit
    Debit Credit

    150,00 7,500 55,000


    10,500 26,000
    27,500
    9,500

    Cash Accounts Recievable

    Debit Credit Debit Credit

    150,00 7,500
    10,500 26,000 12,750
    7,000 27,500 7,000
    9,500

    Office Furniture Accounts Payable


    Debit Credit
    Debit Credit

    26,000 27,500
    8,000 30,000
    8,000

    Cash Salaries Exapense

    Debit Credit Debit Credit

    150,00 7,500
    10,500 26,000 32,500
    7,000 9,500
    27,500
    32,500

    Cash Consulting Revenue


    Debit Credit
    Debit Credit

    150,00 7,500 10,500


    10,500 26,000 12,750
    7,000 9,500 10,250
    10,250 27,500
    32,500

    Accounts Recievable Consulting Revenue


    Debit Credit Debit Credit

    10,500
    12,750 7,000 12,750
    11,500 10,250
    11,500

    Cash Accounts Recievable


    Debit Credit
    Debit Credit

    150,00 7,500 12,750 7,000


    10,500 26,000 11,500 6000
    7,000 9,500
    10,250 27,500
    6000 32,500

    Cash Accounts Payable


    Debit Credit
    Debit Credit

    150,00 7,500 27,500


    10,500 26,000 30,000
    7,000 9,500 8,000
    10,250 32,500 4,000
    6000 4,000
    Cash Utilities Expenses

    Debit Credit Debit Credit

    150,00 7,500
    10,500 26,000 2250
    7,000 9,500
    10,250 27,500
    6000 32,500
    4,000
    2250

    Cash Utilities Expenses

    Debit Credit Debit Credit

    150,00 7,500
    10,500 26,000 2,500
    7,000 9,500
    10,250 32,500
    6000 4,000
    2250
    2,500

    Cash
    Tria, Withdrawal
    Debit Credit

    150,00 7,500
    10,500 26,000 10,000
    7,000 9,500
    10,250 27500
    6000 32,500
    4,000
    2250
    2,500
    10,000
    Cash

    Debit Credit

    150,00 7,500
    10,500 26,000
    27,500

    Accounts Payable
    Debit Credit

    27,500
    30,000

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