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II. From the following data taken from the books of Dynamite Consultants, a service business owned and managed by Mr. Jimin Park and from other personal records, you are required to prepare a properly classified balance sheet using account form for the business as of August 31, 2020. Cash on Hand Cash in Bank Accounts Receivable Cash deposited in savings account of Mr. and Mrs. Park Furniture and Fixture used in the office Farmland located in Tanay Residential house and lot Household, appliances, furniture and equipment Unpaid salaries to business employees Interest payable on business loan Mortgage payable on GSIS housing loan Accounts Payable Notes Payables to bank for business loan (long-term) Unpaid household bill Jimin Park, Capital P 2,400 13,000 26,600 10,000 8,800 12,000 240,000 72,000 8,000 1,600 92,000 4,000 16,000 1,000 ?

II. From the following data taken from the books of Dynamite Consultants, a service business owned and managed by Mr. Jimin Park and from other personal records, you are required to prepare a properly classified balance sheet using account form for the business as of August 31, 2020. Cash on Hand Cash in Bank Accounts Receivable Cash deposited in savings account of Mr. and Mrs. Park Furniture and Fixture used in the office Farmland located in Tanay Residential house and lot Household, appliances, furniture and equipment Unpaid salaries to business employees Interest payable on business loan Mortgage payable on GSIS housing loan Accounts Payable Notes Payables to bank for business loan (long-term) Unpaid household bill Jimin Park, Capital P 2,400 13,000 26,600 10,000 8,800 12,000 240,000 72,000 8,000 1,600 92,000 4,000 16,000 1,000 ?

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter5: Accounting Systems
Section: Chapter Questions
Problem 17E: Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc....
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II. From the following data taken from the books of Dynamite Consultants, a service business owned and managed by Mr. Jimin Park and from other personal records, you are required to prepare a properly classified balance sheet using account form for the business as of August 31, 2020. Cash on Hand Cash in Bank Accounts Receivable Cash deposited in savings account of Mr. and Mrs. Park Furniture and Fixture used in the office Farmland located in Tanay Residential house and lot Household, appliances, furniture and equipment Unpaid salaries to business employees Interest payable on business loan Mortgage payable on GSIS housing loan Accounts Payable Notes Payables to bank for business loan (long-term) Unpaid household bill Jimin Park, Capital P 2,400 13,000 26,600 10,000 8,800 12,000 240,000 72,000 8,000 1,600 92,000 4,000 16,000 1,000 ?
Transcribed Image Text:II. From the following data taken from the books of Dynamite Consultants, a service business owned and managed by Mr. Jimin Park and from other personal records, you are required to prepare a properly classified balance sheet using account form for the business as of August 31, 2020. Cash on Hand Cash in Bank Accounts Receivable Cash deposited in savings account of Mr. and Mrs. Park Furniture and Fixture used in the office Farmland located in Tanay Residential house and lot Household, appliances, furniture and equipment Unpaid salaries to business employees Interest payable on business loan Mortgage payable on GSIS housing loan Accounts Payable Notes Payables to bank for business loan (long-term) Unpaid household bill Jimin Park, Capital P 2,400 13,000 26,600 10,000 8,800 12,000 240,000 72,000 8,000 1,600 92,000 4,000 16,000 1,000 ?
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