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    Final Activity - Fabm 102624

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    nerupatmiranda

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    Final Activity - Fabm 102624

    Uploaded by

    nerupatmiranda
    8 views2 pages

    Original Title

    FINAL-ACTIVITY_FABM-102624

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    8 views2 pages

    Final Activity - Fabm 102624

    Uploaded by

    nerupatmiranda

    Copyright:

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

    ST.

    VINCENT COLLEGE OF CABUYAO


    FINAL ACTIVITY
    FUNDAMENTALS OF ACCOUNTING, BUSINESS & MANAGEMENT

    NAME____________________________________________________COURSE/YR__________________

    PART 1:

    Given: PURPLE PATRIOTS, INC. has the following accounts at the end of December 31, 2017:

    ACCOUNT TITLES WITH THE CORRESPONDING AMOUNTS:

    Accounts Payable P 25,250


    Accounts Receivable 108,000
    Accumulated Depreciation 30,000
    Cash 163,450
    Depreciation Expense 30,000
    Equipment 150,000
    Interest Income 2,000
    Per Pol, Capital 250,000
    Per Pol, Drawing 75,000
    Miscellaneous Expense 17,500
    Notes Payable 25,000
    Notes Receivable 50,000
    Supplies 194,300
    Prepaid Rent 60,000
    Rent Expense 120,000
    Repairs and Maintenance Expense 36,000
    Salaries Expense 504,000
    Service Income 1,800,000
    Supplies Expense 480,000
    Utilities Expense 144,000

    REQUIREMENT:

    Prepare an Adjusted Trial Balance


    Provide additional 2 columns for Income Statement
    Provide additional 2 columns for Balance Sheet
    Example:

    ACCOUNT TRIAL INCOME BALANCE


    NAME BALANCE STATEMENT SHEET
    DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
    CASH P5000.00 P5000.00
    ACCOUNTS
    PAYABLE P10000.00 P10000.00
    MR. X,
    DRAWING 1000.00 1000.00
    MR. X,
    CAPITAL 4000.00 4000.00
    INCOME 5000.00 P5000.00
    EXPENSES 10000.00 P10000.00

    “PLEASE REMAIN GOOD EVEN IF OTHERS ARE NOT…”

    /sir buddy

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