Ricardo Pangan Company

Worksheet
Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash P2,384,700
Accounts Receivable 740,000
Merchandise Inventory 730,000
Prepaid Rent 90,000
Office Supplies 200,000
Office Equipment 1,000,000
Accum. Depreciation P250,000
Notes Payable 570,000
Accounts Payable 1,190,000
Salaries Payable
Pangan, Capital 1,650,000
Pangan, Withdrawals 100,000
Income Summary
Sales 3,160,000
Sales Returns & Allow. 30,000
Sales Discounts 11,600
Purchases 1,440,000
Purchases Returns & Allow. 10,000
Purchase Discount 6,300
Transportation In 20,000
Salaries Expense 80,000
Rent Expense
Office Supplies Expense
Depreciation Expense
Interest Expense 10,000
P6,836,300 P6,836,300
Profit

For The Year Ended December 31, 2017