CORAZON

Wor
For the month ende
Unadjusted Trial Balance
Account Titles
Debit Credit
Cash in Bank 175,000
Accounts Receivable 80,000
Estimated Uncollectible Accounts 500
Supplies Inventory 25,000
Office Equipment 160,000
Accumulated Depreciation-Office Equipment
Accounts Payable 50,000
Accrued Salaries Expense
Tabaranza, Capital 328,500
Service Income 85,000
Uncollectible Accounts
Depreciation Expense
Salaries Expense 24,000
Supplies Used
Total 464,000 464,000
PROFIT (LOSS)
Total
 CORAZON TABARANZA
Worksheet
For the month ended December 31, 20A
Adjustments Adjusted Trial Balance Income Statement
Debit Credit Debit Credit Debit
7,000 10,000 172,000
80,000
300 800
15,000 10,000
160,000
16,000 16,000
10,000 40,000
14,000 14,000
328,500
7,000 92,000
300 300 300
16,000 16,000 16,000
14,000 38,000 38,000
15,000 15,000 15,000
62,300 62,300 491,300 491,300 69300
22,700
92,000
Income Statement Balance Sheet
Credit Debit Credit
172,000
80,000
800
10,000
160,000
16,000
40,000
14,000
328,500
92,000

422,000 399300
22,700
92,000 422,000 422000
DATE PARTICULARS
Dec. 31 Cash in Bank
Service Income
To record cash received from service rendered

Uncollectible Accounts
Estimated Uncollectible Aaccounts
To record 1% of uncollectible accounts

Depreciation Expense
Accumulated Depreciation-Equipment
To record depreciation expense from July 1, 20A to December 20A

Accounts Payable
Cash in Bank
To record payment to a supplier's account

Supplies Used
Supplies Inventory
To record cost of supplies used

Salaries Expense
Accrued Salaries Expense
To record accrued Salaries
DEBIT CREDIT
7,000
7,000

300
300

16,000
16,000

10,000
10,000

15,000
15,000

14,000
14,000
 CORAZON TABARANZA
Income Statement
For the month ended December 31, 20A
Revenue
Service Income 92,000
Operating Expenses
Uncollectible Accounts 300
Depreciation Expense 16,000
Salaries Expense 38,000
Supplies Used 15,000 69300
Profit 22,700
 CORAZON TABARANZA
Balance Sheet
As of December 31, 2018
Assets
Current Assets
Cash in Bank 172,000
Accounts Receivable 80,000
Less: Estimated Uncollectible Accounts 800 79,200
Supplies Inventory 10,000
Total Current Assets 261,200
Non- Current Assets
Office Equipment 160,000
Less: Accumulated Depreciation- Office Equipment 16,000 144,000
Total Non- Current Assets 144,000
Total Assets 405,200
TABARANZA
e Sheet
ber 31, 2018
Liabilities
Current Liabilities
Accounts Payable 40,000
Accrued Salaries Expense 14,000
Total Current Liabilities 54,000

Owner's Equity
Tabaranza, Capital 351,200

Total liabilities and Owner's Equity 405,200

 DATE PARTICULARS DEBIT CREDIT
Dec. 31 Service Income 92,000
Uncollectible Accounts 300
Depreciation Expense 16,000
Salaries Expense 38,000
Supplies used 15,000
Income and Expense Summary 22,700

Income and Expense Summary 22,700

Tabaranza Capital 22,700