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Davao Laundry Services - Post-Closing Trial Balance

This post-closing trial balance on March 31, 2023 shows the financial position of Davao Laundry Service, including P743,000 in cash in bank, P35,000 in accounts receivable, P70,000 in laundry supplies inventory, P150,000 in laundry equipment, P100,000 in notes payable, P30,000 in accounts payable, and P862,150 in owner's capital with total debits and credits of P998,000 each.

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Marjelyn Malinao Sebio
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356 views1 page

Davao Laundry Services - Post-Closing Trial Balance

This post-closing trial balance on March 31, 2023 shows the financial position of Davao Laundry Service, including P743,000 in cash in bank, P35,000 in accounts receivable, P70,000 in laundry supplies inventory, P150,000 in laundry equipment, P100,000 in notes payable, P30,000 in accounts payable, and P862,150 in owner's capital with total debits and credits of P998,000 each.

Uploaded by

Marjelyn Malinao Sebio
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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Davao Laundry Service

Post-Closing Trial Balance


March 31, 2023

Account Titles F Debit Credit


Cash In Bank GL-1 P743,000
Accounts Receivable GL-2 35,000
Est. Uncollectible Accounts GL-3 P 250
Laundry Supplies Inventory GL-4 70,000
Laundry Equipment GL-5 150,000
Acc. Depreciation GL-6 2,500
Notes Payable GL-7 100,000
Accounts Payable GL-8 30,000
Accrued Advertising Expense GL-9 3,000
S.Santos, Capital GL-10 862,150
Total P998,000 P998,000

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