Izzy Enterprises

Trial Balance
December 31,2016

Accounts Title Debit Credit

Cash ₱ 42,300.00
Accounts Receivable 68,000.00
Allowance for doubtful accounts ₱ 6,000.00
Merchandise Inventory 30,000.00
Prepaid rent 7,200.00
Store furniture 25,000.00
Accumulated Depreciation-Store Furniture 2,500.00
Accounts Payable 58,500.00
Izzy, Capital 132,500.00
Izzy, Drawing 22,500.00
Sales 140,000.00
Sales Discounts 3,000.00
Sales Returns and Allowances 7,000.00
Purchases 120,000.00
Freight-in 3,000.00
Purchase Discounts 1,500.00
Purchases Returns and Allowances 10,000.00
Salaries and Wages 16,000.00
Store supplies expense 4,000.00
Utilities Expense 3,000.00
Total ₱ 351,000.00 ₱ 351,000.00