REYNALDO GULANE CLEANERS

WORKSHEET
FOR THE YEAR ENDED SEPTEMBER 30, 2016
TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Cash ₱ 117,880.00 117,880.00 117,880.00
Accounts Receivable 264,940.00 264,940.00 264,940.00
Prepaid Insurance 34,000.00 (1) 27,200.00 6,800.00 6,800.00
Cleaning Supplies 73,740.00 (2) 61,300.00 12,440.00 12,440.00
Land 180,000.00 180,000.00 180,000.00
Building 1,850,000.00 1,850,000.00 1,850,000.00
Accumulated Depreciation - ₱ 456,000.00 (3) 128,000.00 584,000.00 584,000.00
Building
Accounts Payable 204,000.00 204,000.00 204,000.00
Unearned Cleaning Revenues 16,000.00 (5) 4,000.00 12,000.00 12,000.00
Mortgage Payable 1,100,000.00 1,100,000.00 1,100,000.00
Gulane, Capital 565,600.00 565,600.00 565,600.00
Gulane, Withdrawals 100,000.00 100,000.00 100,000.00
Cleaning Revenues 1,576,340.00 (5) 4.000.00 1,580,340.00 1,580,340.00
Salaries Expense 1,013,300.00 (6) 16,800.00 1,030,100.00 1,030,100.00
Cleaning Equipment and Rental 60,000.00 60,000.00 60,000.00
Expense
Delivery Truck Expense 43,740.00 43,740.00 43,740.00
Interest Expense 110,000.00 (4) 10,000.00 120,000.00 120,000.00
Other Expenses 70,340.00 70,340.00 70,340.00
₱3,917,940.00 ₱3,917,940.00
Adjustments:
Insurance Expense (1) 27,200.00 27,200.00 27,200.00
Cleaning Supplies Expense (2) 61,300.00 61,300.00 61,300.00
Depreciation Expense-Building (3) 128,000.00 128,000.00 128,000.00
Interest Payable (4) 10,000.00 10,000.00 10,000.00
Salaries Payable (6) 16,800.00 16,800.00 16,800.00
Subtotals 247,300.00 247,300.00 4,072,740.00 4,072,740.00 1,540,680.00 1,580,340.00 2,532,060.00 2,492,400.00
Net Income 39,660.00 39,660.00
Totals 1,580,340.00 1,580,340.00 2,532,060.00 2,532,060.00