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  • C. O. L. C. Accelerated Learning Academy Inc 2016 & 2017 TB

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    Mary Joy Sumapid
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    This adjusted trial balance shows the financial accounts of C. O. L. C. Accelerated Learning Academy Inc. as of December 31, 2017, with cash, accounts receivable, office supplies, land, and retained earnings as assets, accounts payable, taxes payable, members' contributions, and sales as liabilities, and salaries, supplies, expenses, and fees as revenue and expense accounts.

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    This adjusted trial balance shows the financial accounts of C. O. L. C. Accelerated Learning Academy Inc. as of December 31, 2017, with cash, accounts receivable, office supplies, land, and retained earnings as assets, accounts payable, taxes payable, members' contributions, and sales as liabilities, and salaries, supplies, expenses, and fees as revenue and expense accounts.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    13 views1 page

    C. O. L. C. Accelerated Learning Academy Inc 2016 & 2017 TB

    Uploaded by

    Mary Joy Sumapid
    This adjusted trial balance shows the financial accounts of C. O. L. C. Accelerated Learning Academy Inc. as of December 31, 2017, with cash, accounts receivable, office supplies, land, and retained earnings as assets, accounts payable, taxes payable, members' contributions, and sales as liabilities, and salaries, supplies, expenses, and fees as revenue and expense accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    C. O. L. C. Accelerated Learning Academy Inc.

    ADJUSTED TRIAL BALANCE

    DECEMBER 31, 2017


    Account Name Debit Credit
    Cash 1,239,176
    Accounts Receivable 80,650
    Office Supplies 12,098
    Land 1,195,000
    Accounts Payable 18,877
    Withholding Taxes Payable-Compensation -
    Withholding Taxes Payable- Expanded -
    Percentage Taxes Payable 3,200
    SSS, Phil, HDMF payable 5,600
    Members' Contribution 250,000
    Members' Contribution-Land 1,195,000
    Retained Earnings 1,039,949
    Sales- Tuition fee 450,800
    Direct Cost- Salaries 336,000
    Direct Cost- Supplies 5,613
    Salaries & Wages 65,000
    Taxes and Licenses 16,758
    Communication, Light and Water Expense 8,054
    Gasoline and oil -
    Repairs and maintenance -
    Toll Fee 1,097
    Travel and Transportation 3,980
    2,963,426 2,963,426

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