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Problem # 1Magallanes ConsultancyChart of AccountsAccount #Account Name AccountType 110 Cash Asset 120 Accounts Receivable Asset 130 Office Supplies Asset 140 Prepaid rent Asset 150 Furnitures and Fixtures Asset 160 Accumulated Depreciation – Furnitures and FixturesAsset170 Building Asset 180 Accumu...

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Problem # 1

Magallanes Consultancy Chart of Accounts

Account # 110 120 130 140 150 160 170 180 190 210 220 230 240 310 320 410 420 430 510 520 530 540 550 560 570 580

Account Name Cash Accounts Receivable Office Supplies Prepaid rent Furnitures and Fixtures Accumulated Depreciation – Furnitures and Fixtures Building Accumulated Depreciation – Building Land Accounts Payable Interest Payable Unearned Consulting Revenue Notes Payable Magallanes Capital Magallanes Withdrawal Consulting Revenue Referral Revenue Income Summary Depreciation Expense – Furnitures and Fixtures Depreciation Expense – Building Salaries Expense Interest Expense Insurance Expense Rent Expense Office Supplies Expense Miscellaneous Expense

Account Type Asset Asset Asset Asset Asset Asset Asset Asset Asset Liability Liability Liability Liability Equity Equity Revenue Revenue Revenue Expense Expense Expense Expense Expense Expense Expense Expense

Problem #3 Marichu Fornolles Guardians Transactions General Ledger Account As of October 2017 CASH ACCOUNTS RECEIVABLE 243,000 7650 Debit Credit ARTS AND COMMUNICATION

PREPAID INSURANCE 4,500 Credit Credit

17,500 Debit Debit 21,600 13,740 7,710

53,890 7,710 13,740

18,000 CLEANING REVENUE Debit Credit 4,800 4,800

1030 31,500 18000

169,140 SERVICE VEHICLE Debit Credit 93000

93000

SALARIES EXPENSE Debit Credit ACCOUNTS PAYABLE Debit Credit 4,500

13,740 48,000 1,757

58,997

31,500 31,500

RENT EXPENSE Debit Credit 7650 7650

FORNOLLES CAPITAL

Debit

Credit 243,000 34,000

277,000 ARENAS WITHDRAWAL Debit Credit 18,000

GASOLINE EXPENSES

Debit 720 720

Credit

UTILITIES EXPENSES

Debit 1,030 1,030

Credit

SUPPLIES EXPENSES

Debit 1,757 1,757

Credit

Marichu Fornolles Guardians Transactions Trial Balance As of October 2017

Account Name Cash Accounts Receivable Prepaid Insurance Arts & Communications equipment Service Vehicle Accounts Payable Fornolles Capital Fornolles Withdrawals Service Revenues Salaries Expenses Rent Expenses Gasoline Expenses Utilities Expenses Supplies Expenses TOTAL

Debit Balances

Credit Balances

169,140 53,890 7,710 13,740 93,000 18,000 31,500 7,650 720 1030 1757 398,137

-58,997 277,000 62,140 398,137

Violeta Nunez Bicycle Rental Trial Balance As of April

Account Name

Debit Balances

Credit Balances

Cash Accounts Receivable Supplies Container Bicycles Accounts Payable Nunez Capital Nunez Withdrawals Rental Revenues Wages Expense Maintenance Expense Repair Expense Concession Fee Expense TOTAL:

82, 060 1, 100 1, 500 29, 000 25, 000 5, 000 1, 440 4, 750 550 3000 153, 400

13, 000 120, 000 20, 400 153, 400

Problem #4 Violeta Nunez Bicycle Rental

GENERAL LEDGER As of April CASH Debit Credit ACCOUNTS RECEIVABLE DebitSUPPLIES Credit 1,100 5, 000 4000 Debit Credit CONTAINERS 5, 4,100 480 Debit Credit 1,500 1, 500 29, 000 550 29, 000 480 3, BICYCLES000 480 Debit Credit 5,000 25, 000

82, 060 25, 000

WAGES EXPENSE Debit Credit 480 480 480 1440

ACCOUNTS PAYABLE Debit Credit 1, 500

1, 500 13, 000 13, 000

CAPITAL Debit Credit 120, 000 120, 000

MAINTENANCE EXPENSE Debit Credit 4000 750

RENTAL REVENUE Debit Credit 4, 700 5, 000 5, 500 1, 100 4, 100

20, 400 WITHDRAWAL Debit Credit 5, 000 5, 000

CONCESSION FEE EXPENSE Debit Credit 3,000 3,000

Ellen Almaro Painting Business Trial Balance As of April

Account Name Cash Accounts Receivable Painting Supplies Prepaid Insurance Painting equipment Service Vehicle Notes Payable Accounts Payable Capital Withdrawals Painting Revenues Wages Expenses Utilities Expenses Maintenance Expenses TOTAL

Debit Balances

Credit Balances

(54,300) 2,900 7,700 4,000 77,000 80,000 3,000 3,300 600 400 124,600

--

Problem #5

28,000 9,500 71,000 16,100 124,600

Ellen Almaro Painting Business GENERAL LEDGER As of April

CASH Debit 1,500 4,800 3300 3600

Credit 50,000 1,600 4000 1,500 400 3,200 3000 2,000 1800

(54,300) ACCOUNTS RECEIVABLE Debit Credit 4,800 4,800 6,200 3300 2,900

SERVICE VEHICLE Debit Credit

80,000 80,000 ACCOUNTS PAYABLE Debit Credit 3,200

3,200 6,000 2,900 600 9,500

CAPITAL Debit Credit 71,000 71,000

PAINTING SUPPLIES

Debit

Credit

3,200 1,600 2,900 7,700 Prepaid Insurance Debit Credit

4,000 4,000 Painting equipment

Debit 71,000 6,000 77,000

Credit

WITHDRAWAL Debit Credit 3,000 3,000 PAINTING REVENUE Debit Credit 4,800 1,500 6,200 3,600

16,100

WAGES EXPENSE Debit Credit 1,500 1,800 3,300

MAINTENANCE EXPENSE Debit Credit 400 400

UTILITIES EXPENSE Debit Credit 600 600

Problem #6

Salvacion Capistrano Accounting Firm GENERAL LEDGER As of May 2017

CASH Debit 92,500 9,750 14,600

Credit 19,500 4,100 38,000 14,200 650 8150 10300 5500 3250

13,200

ACCTNG LIBRARY Debit Credit 19,500 19,500 NOTES PAYABLE Debit Credit 227,000 227,000 ACCOUNTS PAYABLE Debit Credit

ACCOUNTS RECEIVABLE Debit Credit 29,200 9750 31,600

4,100

36,800 17,100 4,650 54,450

51,050 OFFICE SUPPLIES

Debit

Credit

17,100 4,650 21,750 OFFICE CONDOMINIUM Debit Credit

265,000 265,000 OFFICE EQUIPMENT

Debit 36,800 36,800

Credit

CAPITAL Debit Credit 92,500 92,500 WITHDRAWAL Debit Credit 8,150 8,150 ACCOUNTING REVENUE Debit Credit 29,200 14,600 31,600

75,400

SALARIES EXPENSE Debit Credit 14,200 10,300 24,500

RENT EXPENSE Debit Credit 3,250 3,250

TELEPHONE EXPENSE Debit Credit 650 650 PROFESSIONAL DUE EXPENSE Debit Credit 5,500 5,500

Salvacion Capistrano Accounting Firm Trial Balance As of May 2017

Account Name Cash Accounts Receivable Office Supplies Office Condominium Office Equipment Accounting Library Notes Payable Accounts Payable Capital Withdrawals Accounting Revenues Salaries Expenses Rent Expenses Telephone Expenses Professional Due Expenses TOTAL

Debit Balances

Credit Balances

13,200 51,050 21,750 265,000 36,800 19,500 8150 24,500 3,250 650 5,500 449,350

-

Problem #7 Marlon Cabance Medical Practice

-

227,000 54,450 92,500 75,400 449,350

GENERAL LEDGER As of March 2017

CASH Debit 42,500 18,450 27500

Credit 15,000 7,500 1,800 3,750 850 1150 11,200 6,150 15,000

16,450 ACCOUNTS RECEIVABLE Debit Credit 51,700 27,500 40,150

64,350

MEDICAL SUPPLIES

Debit

Credit

15,250 9100 24,350

MEDICAL EQUIPMENT

Debit 95,000 95,000

Credit

NOTES PAYABLE Debit Credit 80,000 80,000 ACCOUNTS PAYABLE Debit Credit 3,750 6,150

15,250 9,100 14,450

CAPITAL Debit Credit 42,500 42,500 WITHDRAWAL Debit Credit 15,000 15,000

MEDICAL REVENUE Debit Credit 18,450 51,700 40,150

110,300

SALARIES EXPENSE Debit Credit 9,600 11,200 20,800

RENT EXPENSE Debit Credit 7,500 7,500

TELEPHONE EXPENSE Debit Credit 850 850

LABORATORY EXPENSE Debit Credit 1,800 1,800

MISCELLANEOUS EXPENSE Debit Credit 1150 1150

Marlon Cabance Medical Practice

Trial Balance As of March 2017

Account Name Cash Accounts Receivable Medical Supplies Medical Equipment Notes Payable Accounts Payable Capital Withdrawals Medical Revenues Salaries Expenses Rent Expenses Laboratory Expenses Telephone Expenses MIscellaneous Expenses TOTAL

Debit Balances

Credit Balances

16,450 64,350 24,350 95,000 15,000 20,800 7,500 1,800 850 1,150 247,250

80,000 14,450 42,500 110,300 -

Problem #8

Arenas Cleaning Service

247,250

General Ledger Account As of February 2017

CASH Debit 62,000 31,800 9,800

Credit 10,000 7,300 1,700 4,800 9,000 2,200 8,400 2,400 900 7,900 10,000

Debit 15,600 15,600

Credit

SERVICE VEHICLE Debit Credit 47,000 47,000 NOTES PAYABLE Debit Credit 2,400 37,000 34,600

39,000 ACCOUNTS RECEIVABLE Debit Credit 18,600 9,800 22,500 31,300 CLEANING SUPPLIES Debit Credit 21,400 21,400 PREPAID INSURANCE Debit Credit 4,800 4,800

CLEANING EQUIPMENT

ACCOUNTS PAYABLE Debit Credit 9,000 21,400 15,600 28,000 ARENAS CAPITAL Debit Credit 62,000 62,000

ARENAS WITHDRAWAL Debit Credit 10,000 10,000 CLEANING REVENUE Debit Credit 31,800 18,600 22,500 72,900

SALARIES EXPENSE Debit Credit 8,400 7,900 16,300 RENT EXPENSE Debit Credit 7,300 7,300 ADVERTISING EXPENSE Debit Credit 1,700 1,700 TELEPHONE EXPENSE Debit Credit 900 900 MISCELLANEOUS EXPENSE Debit Credit 2,200 2,200

Arenas Cleaning Service Trial Balance As of February 2017

Account Name

Cash Accounts Receivable Cleaning Supplies Prepaid Insurance Cleaning Equipment Service Vehicle Notes Payable Accounts Payable Arenas Capital Arenas Withdrawal Cleaning Revenue Salaries Expense Rent Expense Advertising Expense Telephone Expense Miscellaneous Expense

BALANCE

Debit Balances

Credit Balances

39,000 31,300 21,400 4,800 15,600 47,000 10,000 16,300 7,300 1,700 900 2,200

34,600 28,000 62,000 72,900 -

197,500

197,500...