DETOYA TAX CONSULTANT

Working Paper
December 31, 2020
Unadjusted trial Adjusting entries Adjusted trial balance Income Statement Balance Sheet Post-Closed Trial
balance Balance

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Cash P 93,800 P 93,800 P 93,800 P 93,800

Supplies 7,200 (1) 2,500 4,700 4,700 4,700

Accounts Receivables 48,000 (4) 10,000 58,000 58,000 58,000
Office Equipment 75,000 75,000 75,000 75,000
Accumulated (3) 800 P 800 P 800 P 800
Depreciation
Accounts Payable P 38,000 38,000 38,000 38,000
Salaries Payable (2) 1,800 1,800 1,800 1,800
Detoya, Capital 150,000 150,000 190,900 190,900
Detoya, Drawings 12,000 12,000 12,000 -
Service Revenue 68,000 (4) 10,000 68,500 78,000 -
Rent Expense 8,000 8,000 8,000 -
Salaries Expense 12,000 (2) 1,800 13,800 13,800 -
Supplies Expense (1) 2,500 2,500 2,500 -
Depreciation Expense- (3) 800 800 -
Office Equipment 800
Totals P 256,000 P 256,000 P 15,100 P 15,100 P 268,600 P 268,600 P 25,100 P 78,000 P 243,500 P 190,600 P 231,500 P 231,500

Net Income 52,900 52,900

Totals P 78,000 P 78,000 P 243,500 P 243,500