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    Adjusting Entry Page 180

    Uploaded by

    rainellagmendoza
    - The document is a trial balance on December 31, 2022 for Business Solution Company showing accounts with debit and credit balances. - It includes asset, liability, capital, revenue and expense accounts. - Adjustments are made for depreciation, supplies expense, unearned revenue, utilities expense and salaries payable which are reflected in the adjusted trial balance.

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    Download as XLSX, PDF, TXT or read online from Scribd

    Adjusting Entry Page 180

    Uploaded by

    rainellagmendoza
    27 views9 pages
    - The document is a trial balance on December 31, 2022 for Business Solution Company showing accounts with debit and credit balances. - It includes asset, liability, capital, revenue and expense accounts. - Adjustments are made for depreciation, supplies expense, unearned revenue, utilities expense and salaries payable which are reflected in the adjusted trial balance.

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    - The document is a trial balance on December 31, 2022 for Business Solution Company showing accounts with debit and credit balances. - It includes asset, liability, capital, revenue and expense accounts. - Adjustments are made for depreciation, supplies expense, unearned revenue, utilities expense and salaries payable which are reflected in the adjusted trial balance.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    27 views9 pages

    Adjusting Entry Page 180

    Uploaded by

    rainellagmendoza
    - The document is a trial balance on December 31, 2022 for Business Solution Company showing accounts with debit and credit balances. - It includes asset, liability, capital, revenue and expense accounts. - Adjustments are made for depreciation, supplies expense, unearned revenue, utilities expense and salaries payable which are reflected in the adjusted trial balance.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 9

    Business Solution Company

    Trial Balance
    December 31, 2022

    Cash on Hand ₱ 9,730.00


    Cash in Bank ₱ 40,000.00
    Accounts Receivable ₱ 6,000.00
    Computer Supplies ₱ 1,420.00
    Computer System installed on November 30 ₱ 20,000.00
    Office Equipment bought on November 15 ₱ 80,000.00
    Ty, Capital ₱ 100,000.00
    5% 30-day note issued on Dec 15 ₱ 45,000.00
    Ty, Drawings ₱ 3,000.00
    Computer Fees Revenue ₱ 33,400.00
    Advertising ₱ 1,500.00
    Repairs ₱ 1,750.00
    Salaries ₱ 15,000.00
    Totals ₱ 178,400.00 ₱ 178,400.00
    CORRECT ANSWER
    Particulars Debit Credit
    a Depreciation Expense - computer system ₱ 250.00
    Accumulated Depreciation - computer system ₱ 250.00

    b Depreciation Expense - office equipment ₱ 2,000.00


    Accumulated Depreciation - office equipment ₱ 2,000.00

    c Supplies Expense ₱ 920.00


    Computer Supplies ₱ 920.00

    d Computer Fees Revenue ₱ 7,500.00


    Unearned Revenue ₱ 7,500.00

    e Utilities Expense ₱ 5,000.00


    Utilities Payable ₱ 5,000.00

    f Salaries ₱ 15,000.00
    Salaries Payable ₱ 15,000.00

    g Salaries ₱ 15,000.00
    Salaries Payable ₱ 15,000.00
    Particulars Unadjusted Trial Balance Adjustments
    Debit Credit Debit
    Cash on Hand ₱ 9,730.00
    Cash in Bank ₱ 40,000.00
    Accounts Receivable ₱ 6,000.00
    Computer Supplies ₱ 1,420.00
    Computer System installed on November 30 ₱ 20,000.00
    Office Equipment bought on November 15 ₱ 80,000.00
    Ty, Capital ₱ 100,000.00
    5% 30-day note issued on Dec 15 ₱ 45,000.00
    Ty, Drawings ₱ 3,000.00
    Computer Fees Revenue ₱ 33,400.00 ₱ 7,500.00
    Advertising ₱ 1,500.00
    Repairs ₱ 1,750.00
    Salaries ₱ 15,000.00 ₱ 15,000.00
    Totals ₱ 178,400.00 ₱ 178,400.00

    Depreciation Expense - computer system ₱ 250.00


    Accumulated Depreciation - computer system
    Depreciation Expense - office equipment ₱ 2,000.00
    Accumulated Depreciation - office equipment
    Supplies Expense ₱ 920.00
    Unearned Revenue
    Utilities Expense ₱ 5,000.00
    Utilities Payable
    Salaries Payable
    TOTAL ₱ 30,670.00
    Adjustments Adjusted Trial Balance Income Statement Balance Sheet
    Credit Debit Credit Debit Credit Debit
    ₱ 9,730.00 ₱ 9,730.00
    ₱ 40,000.00 ₱ 40,000.00
    ₱ 6,000.00 ₱ 6,000.00
    ₱ 920.00 ₱ 500.00 ₱ 500.00
    ₱ 20,000.00 ₱ 20,000.00
    ₱ 80,000.00 ₱ 80,000.00
    ₱ 100,000.00
    ₱ 45,000.00
    ₱ 3,000.00 ₱ 3,000.00
    ₱ 25,900.00 ₱ 25,900.00
    ₱ 1,500.00 ₱ 1,500.00
    ₱ 1,750.00 ₱ 1,750.00
    ₱ 30,000.00 ₱ 30,000.00

    ₱ 250.00 ₱ 250.00
    ₱ 250.00 ₱ 250.00
    ₱ 2,000.00 ₱ 2,000.00
    ₱ 2,000.00 ₱ 2,000.00
    ₱ 920.00 ₱ 920.00
    ₱ 7,500.00 ₱ 7,500.00
    ₱ 5,000.00 ₱ 5,000.00
    ₱ 5,000.00 ₱ 5,000.00
    ₱ 15,000.00 ₱ 15,000.00
    ₱ 30,670.00 ₱ 200,650.00 ₱ 200,650.00 ₱ 41,420.00 ₱ 25,900.00 ₱ 159,230.00
    Net loss ₱ 15,520.00 ₱ 15,520.00
    ₱ 41,420.00 ₱ 41,420.00 ₱ 174,750.00
    Balance Sheet
    Credit

    ₱ 100,000.00
    ₱ 45,000.00

    ₱ 250.00

    ₱ 2,000.00

    ₱ 7,500.00

    ₱ 5,000.00
    ₱ 15,000.00
    ₱ 174,750.00 Ok lang kahit hindi magbalance
    Dapat laging parehas yung difference nila
    ₱ 174,750.00 Represents net income or net loss
    Particulars Unadjusted Trial Balance Adjustments Adjusted Trial Balance
    Debit Credit Debit Credit Debit
    Cash on Hand
    Cash in Bank
    Accounts Receivable
    Computer Supplies
    Computer System installed on November 30
    Office Equipment bought on November 15
    Ty, Capital
    5% 30-day note issued on Dec 15
    Ty, Drawings
    Computer Fees Revenue
    Advertising
    Repairs
    Salaries
    Adjusted Trial Balance Income Statement Balance Sheet
    Credit Debit Credit Debit Credit
    Worksheet
    Particulars Unadjusted Trial Balance Adjustments Adjusted Trial Balance
    Debit Credit Debit Credit Debit
    Adjusted Trial Balance Income Statement Balance Sheet
    Credit Debit Credit Debit Credit

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