Professional Documents
Culture Documents
2016
October 1 Cash 110
Susan Africa, Capital 310
5 Equipment 140
Cash 110
9 Supplies 130
Accounts Payable 210
27 Cash 110
Service Revenue 410
12 Cash 110
Accounts Receivable 120
15 Cash 110
Service Revenue 410
5 Cash 110
Service Revenue 410
11 Equipment 140
Cash 110
Accounts Payable 210
17 Cash 120
Service Revenue 410
₱500,000.00
₱500,000.00
₱40,000.00
₱40,000.00
₱20,000.00
₱20,000.00
₱2,000.00
₱2,000.00
₱47,825.00
₱47,825.00
₱2,500.00
₱2,500.00
₱8,000.00
₱8,000.00
₱3,500.00
₱3,500.00
₱1,500.00
₱1,500.00
₱5,000.00
₱5,000.00
₱500.00
₱500.00
₱10,000.00
₱10,000.00
₱1,500.00
₱1,500.00
₱50,000.00
₱50,000.00
₱15,000.00
₱15,000.00
₱30,000.00
₱30,000.00
₱5,000.00
₱5,000.00
₱20,000.00
₱5,000.00
₱15,000.00
₱35,000.00
₱35,000.00
₱30,000.00
₱30,000.00
₱15,000.00
₱15,000.00
₱5,000.00
₱5,000.00
₱56,000.00
₱56,000.00
₱114,500.00
₱20,000.00
₱8,000.00
₱1,500.00
₱50,000.00
₱30,000.00
₱5,000.00
₱58,500.00
₱58,500.00
₱30,000.00
₱30,000.00
SERVICE COMPANY
Trial Balance
Date
Account Title Debit Credit
CASH ₱286,675.00
ACCOUNTS RECEIVABLE ₱2,000.00
SUPPLIES ₱5,500.00
PREPAID INSURANCE ₱30,000.00
EQUIPMENT ₱60,000.00
FURNITURES & FIXTURES ₱47,825.00
ACCOUNTS PAYABLE ₱15,500.00
SUSAN AFRICA, CAPITAL ₱500,000.00
SUSAN AFRICA, DRAWING ₱30,000.00
SERVICE REVENUE ₱56,000.00
MARKETING EXPENSE ₱20,000.00
UTILITIES EXPENSE ₱8,000.00
SUPPLIES EXPENSE ₱1,500.00
SALARIES EXPENSE ₱50,000.00
RENT EXPENSE ₱30,000.00
TOTALS ₱571,500.00 ₱571,500.00
SERVICE COMPANY
Balance Sheet
Date
Assets Liabilit
CURRENT ASSETS CURRENT LIABILITIES
Cash ₱286,675.00
Accounts Receivable ₱2,000.00 TOTAL LIABILITIES
Supplies ₱5,500.00
Prepaid Insurance ₱25,000.00
Owner's E
Owner's Equity
Susan Africa, Capital ₱411,500.00
TOTAL OWNER'S EQUITY ₱411,500.00