Activity 5 Comp
Activity 5 Comp
Chart of Accounts
Current Assets
101 Cash
102 Accounts Receivable
102.1 Allowance for Bad Debts
103 Notes Receivable
104 Office Supplies
201 Cars
201.1 Accumulated Depreciation - Cars
202 Equipment
202.1 Accumulated Depreciations - Equipment
203 Furniture and Fixtures
203.1 Accumulated Depreciation - Furniture and Fixtures
Current Liabilities
Long-Term Liabilities
Capital
Revenue
Operating Expenses
2021
May.1 Cash P 50,000
Cars 750,000
Sorio, Capital P 800,000
3 Cash 100,000
Loans Payable 100,000
10 Equipment 55,000
Accounts Payable 55,000
21 Cash 15,000
Service Income 15,000
30 Cash 8,000
Accounts Receivable 8,000
CARS 201
May-01 ₱ 750,000
EQUIPMENT 202
May-10 ₱ 55,000
ASSETS
Current Assets
Cash ₱ 47,000
Accounts Receivables 28,000 ₱ 75,000
Noncurrent Assets
Cars 750,000
Equipment 55,000
Furniture & Fixtures 45,000 850,000
TOTAL ASSETS ₱ 925,000