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    Hrs Acc 11 - Assessment Acc 11 - 6

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    Mellyn Cuenco
    E. Mortiz is preparing a worksheet to adjust the trial balance for the accounting period ending March 31, 2019. The adjustments include a decrease of $50 to office supplies to match the actual count, depreciation of $435 for office equipment, and an increase of $6 for accrued interest on notes payable. The worksheet will list the trial balance accounts, adjustments, adjusted trial balance, income statement, and resulting balance sheet columns to incorporate the adjustments.

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    Hrs Acc 11 - Assessment Acc 11 - 6

    Uploaded by

    Mellyn Cuenco
    283 views2 pages
    E. Mortiz is preparing a worksheet to adjust the trial balance for the accounting period ending March 31, 2019. The adjustments include a decrease of $50 to office supplies to match the actual count, depreciation of $435 for office equipment, and an increase of $6 for accrued interest on notes payable. The worksheet will list the trial balance accounts, adjustments, adjusted trial balance, income statement, and resulting balance sheet columns to incorporate the adjustments.

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    Hrs Acc 11 - Assessment Acc 11 - 6 (1)

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    E. Mortiz is preparing a worksheet to adjust the trial balance for the accounting period ending March 31, 2019. The adjustments include a decrease of $50 to office supplies to match the actual count, depreciation of $435 for office equipment, and an increase of $6 for accrued interest on notes payable. The worksheet will list the trial balance accounts, adjustments, adjusted trial balance, income statement, and resulting balance sheet columns to incorporate the adjustments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    283 views2 pages

    Hrs Acc 11 - Assessment Acc 11 - 6

    Uploaded by

    Mellyn Cuenco
    E. Mortiz is preparing a worksheet to adjust the trial balance for the accounting period ending March 31, 2019. The adjustments include a decrease of $50 to office supplies to match the actual count, depreciation of $435 for office equipment, and an increase of $6 for accrued interest on notes payable. The worksheet will list the trial balance accounts, adjustments, adjusted trial balance, income statement, and resulting balance sheet columns to incorporate the adjustments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    ASSESSMENT

    ACC 11 -6
    E. Mortiz, lawyer
    Trial Balance
    March 31, 2019
    011 Cash 940
    012 Accounts Receivable-United Bank 0
    013 Library 5000
    014 Office Equipment 4350
    015 Office Supplies 250
    111 Notes Payable 2000
    112 Accounts Payable-Office Supply 0
    Trading
    211 E. Mortiz, Capital 8000
    212 E. Mortiz, Personal 800
    311 Professional fees Income 3400
    411 Insurance Expense 550
    412 Salaries 1200
    413 Interest Expense 60
    414 Utilities 250
    TOTAL 13,400 13,400
    On December 31, the end of the accounting period, the following data were taken:
    1. An actual count of office supplies showed a balance of P200.
    2. Office equipment are depreciated at 10% per annum.
    3. 10% interest has accrued on the note payable
    NO. Accounts Title & Debit Credit
    Explanation
    1 Office supplies used 50
    Supplies 50
    (250-200=50)

    2 Depreciation – Office 435


    Equipment
    Accumulated Depreciation 435
    – office Equipment
    (4350 .10 =435)

    3 Interest Expense 6
    Accrued Interest Expense 6
    (60x .10 = 6)

    Required: Prepare the worksheet of E.MORTIZ

    Bulacan Date Developed:


    HOTEL AND June 2020
    RESTAURANT SERVICES Polytechnic Date Revised: Page 1 of 2
    ACC 11 College
    Principle of Accounting Document No. Developed by:
    Revision # 02
    90-ACC 11 Sarah Joy Dumalay Martin
    ANSWER SHEET
    ACC 11 - 6

    E. Mortiz, lawyer
    Worksheet
    March 31, 2019
    TRIAL ADJUSTMEN ADJUSTED INCOME BALANCE
    ACCOUNTS BALNCE S TRIAL BALANCE STATEMENT SHEET

    DR CR DR CR DR CR DR CR DR CR

    Bulacan Date Developed:


    HOTEL AND June 2020
    RESTAURANT SERVICES Polytechnic Date Revised: Page 2 of 2
    ACC 11 College
    Principle of Accounting Document No. Developed by:
    Revision # 02
    90-ACC 11 Sarah Joy Dumalay Martin

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