CHART OF ACCOUNTS

ASSETS LIABILITIES
CURRENT CURRENT
Cash On Hand Accounts Payable
Accounts Receivable Unearned Laundry Income
Estimated Uncollectible Account NON-CURRENT
Supplies Notes Payable-long term
Prepaid Rent Mortgage Payable
NON-CURRENT OWNER'S EQUITY
Laundry Equipment Irene Bora, Capital
Accumulated Depreciation-Laundry Equipment Irene Bora, Drawing
Office Equipment
Accumulated Depreciation-Office Equipment
Building
Accumulated Depreciation-Building
Land

IRENE'S COIN LAUNDRY The March 2018 transactions are as follo

TRIAL BALANCE March 5
FEBRUARY 28,2018 10
Debit Credit 15
Cash 9000 16
Accounts Receivable 2500 20
Estimated Uncollectible Account 500 21
Supplies 2000 26
Laundry Equipment 10000 29
Accumulated Depreciation-Laundry Equipment 1000 30
Accounts Payable 8000 Additional Information:
Unearned Income 2000 * The company practiced to depreciate th
Irene Bora, Capital 12000 * Adjusted the Allowance for Doubtful Ac
23500 23500
 REVENUE
Laundry Income
Other Income
EXPENSES
Salaries Expense
Utilities Expense
Rent Expense
Doubtful Account Expebse
Depreciation Expense

h 2018 transactions are as follows:

Received P1,800 cash from customer on account.
Billed customers for services performed, P7,000.
Paid employees salaries, P2,000.
Performed P680 of services for customers who paid in advance in February 14, 2018.
Paid P5,000 to creditors account.
Received P600 for services rendered on a account.
Purchased additional supplies, P320.
Withdraw P1,800 for personal used.
Paid rent billing for the month of March, P1,650.
al Information:
mpany practiced to depreciate the PPE at the end of calendar year.
d the Allowance for Doubtful Accounts and recorded Doubtful Account Expense at year-end, based on the aging of Accounts Receivable.
aging of Accounts Receivable.