The following are the balances of the ledger accounts of Balagbag Transit owned and operated...
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The following are the balances of the ledger accounts of Balagbag Transit owned and operated by Marcelino Banez, after a year of operation ended September 30, 2020. Supplies Expense Trucks Cash Gas and Oil Expense Accounts Payable Notes Payable Depreciation Expense Mortgage Payable Salaries Payable Repairs and Maintenance Banez, Drawing Equipment 3,000 7,500,000 153,500 150,000 10,000 50,000 75,400 4,885,400 4,500 88,000 15,000 180,500 Fares Earned Utility Expense Accumulated Depreciation-trucks Accumulate Depreciation - furniture and equipment Rent Expense Banez, Capital Salary Expense Interest Expense Insurance Expense Prepaid Insurance Office Supplies Unused P 2,450,000 140,000 72,000 3,400 120,000 1,486,600 450,000 70,000 11,250 4,750 500 Required: Total Assets Total Liabilities Total Proprietorship Revenue Expenses
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