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Coffee Facility Break-Even Analysis

The document contains a trial balance for a laundry service business as of May 31, 2018. It lists assets including cash, accounts receivable, prepaid insurance, equipment, and furniture and fixtures. It also lists liabilities such as accounts payable. Revenue items include laundry revenues. Expense accounts include salaries, supplies, rent, utilities, and miscellaneous expenses. The trial balance shows the debit and credit balances for each account to ensure they are equal.

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airah
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85 views4 pages

Coffee Facility Break-Even Analysis

The document contains a trial balance for a laundry service business as of May 31, 2018. It lists assets including cash, accounts receivable, prepaid insurance, equipment, and furniture and fixtures. It also lists liabilities such as accounts payable. Revenue items include laundry revenues. Expense accounts include salaries, supplies, rent, utilities, and miscellaneous expenses. The trial balance shows the debit and credit balances for each account to ensure they are equal.

Uploaded by

airah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Airah Shane B.

Diana BSAS1
ASSIGNMENT 1: PROBLEM #9

Asset

Cash Account Receivable Prepaid Insurance


a P250,000 b P6,700 g P5,600
f 19,250 d 5,750
j 12,350 e 35,000
P281,600 g 5,600
20,150 h 7,000
I 2,080
k 7,400
l 5,000
m 2,750
n 2,800
P80,080
Equity Revenue

Evangelista, Capital Evangelista, Withdrawal Laundry Revenues


a 250,000 l P5,000
Liabilities

Equipment Furniture & Fixture Accounts Payable


e P115,000 b P6,700 h P7,000 c P3,250
m 2,750 e 80,000
P9,750 P83,250
P73,500

Expenses

Laundry Revenues Salaries Expense Supplies Expenses Rent Expenses


f P19,250 k 7,400 c P3,250 d P 5,750
j 12,350
P31,600

Miscellaneous Expenses
n P2,800
TRIAL BALANCE

Laundry Service
Trial Balance
31-May-18

Account Title DR
Cash P201,520
Account Receivable 0
Prepaid Insurance 5,600
Equipment 115,000
Furniture&Fixture 6,700
Accounts Payable
Evangelista, Capital
Evangelista, withdrawal 5,000
Laundry Revenues
Salaries Expense 7,400
Supplies Expense 3,250
Rent Expense 5,750
Utilities Expense 2,080
Miscellaneous Expense 2,800
355,100
Rent Expenses Utilities Expenses
i P2,080
ndry Service
al Balance
1-May-18

CR

P73,100
250,000

31,600

355,100

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