Tee Dental Clinic RISHA MAE SALINGAY ABM-11

WORKSHEET
JULY 4, 2017 JULY 31, 2017
UNADJUSTED TB ADJUSTING ENTRIES ADJUSTED TB
DR CR DR CR DR CR
Cash 347,200 347,200
Dental Equipment 800,000 800,000
Furniture 11,000 11,000
Accounts Payable 1,800 1,800
Dr. Tee, Capital 500,000 500,000
Service Revenue 12,000 12,000
Supplies Expense 32,200 32,200
Bill Expense 1,800 1,800
Salaries Expense 16,000 16,000
Total: 861,000 861,000
Adjusting Entries:
Depreciation Expense 6400 6400
Accumulated Depreciation 6400 6400
Accrued Salaries Payable
Total: 6,400 6,400 867,400 867,400

Adjusting Entries
1. Depreciation Expense 6250 Depreciation Expense 150
Accumulated Depreciation-Equipment 6250 Accumulated Depreciation-Furnitur 150
Computation Computation
Cost 800,000 Cost 11,000
Less: Salvage Value 50,000 Less: Salvage Value 2,000
Depreciable Cost 750,000 Depreciable Cost 9,000
Divided by: Estimated Useful Life 10 Divided by: Estimated Useful Life 5
Annual Depreciation 75000 Annual Depreciation 1800
Divided by: No. of Months 12 Divided by: No. of Month (Annual) 12
Monthly Depreciation 6250 Monthly Depreciation 150
Multiply: Total Month 1 Total Month 1
Total Depreciation Expense 6250 Total Depreciation Expense 150
INCOME STATEMENT BALANCE SHEET
DR CR DR CR
347,200
800,000
11,000
1,800
500000
12,000
32,200
1,800
16,000

6400
6400

56,400 12,000 811,000 855,400

44,400 44,400
56,400 56,400 855,400 855,400