MOISES DONDOYANO INFORMATION SYSTEMS COMPANY

TRIAL BALANCE
December 31, 200X

ACCOUNTS Dr. Cr.

Cash ₱ 45,000.00
Accounts Receivable ₱ 360,000.00
Notes Receivable ₱ 156,000.00
Office Supplies ₱ 63,000.00
Land ₱ 300,000.00
Building ₱ 1,590,000.00
Accumulated Depreciation - Building ₱ 254,000.00
Equipment ₱ 2,150,000.00
Accumulated Depreciation - Equipment ₱ 612,000.00
Accounts Payable ₱ 213,000.00
Unearned Consulting Revenues ₱ 450,000.00
Dondoyano, Capital ₱ 2,655,000.00
Dondoyano, Withdrawals ₱ 600,000.00
Consulting Revenues ₱ 2,108,000.00
Salareis Expenses ₱ 875,000.00
Repairs Expenses ₱ 116,000.00
Miscellaneous Expenses ₱ 37,000.00
TOTAL ₱ 6,292,000.00 ₱ 6,292,000.00
 MOISES DONDOYANO INFORMATION SYSTEMS COMPANY
TRIAL BALANCE
December 31, 200X

Consulting Revenues ₱ 2,108,000.00

Less: Operating Expenses
Salareis Expenses ₱ 875,000.00
Repairs Expenses ₱ 116,000.00
Miscellaneous Expenses ₱ 37,000.00 ₱ 1,028,000.00
Net income beforer Taxes ₱ 1,080,000.00
 MOISES DONDOYANO INFORMATION SYSTEMS COMPANY
STATEMENT OF CHANGES IN OWNER'S EQUITY
For the year ended December 31, 200X

Dondoyano, Capital, 1/1/200X ₱ 2,655,000.00

Add: Additional Investments ₱ -
Net Income for the year ₱ 1,080,000.00
Total ₱ 1,080,000.00
Less: Withdrawals ₱ 600,000.00
Net Increase (Decrease) in Owner's Equity ₱ 480,000.00

Dondoyano, Capital, 12/31/200X ₱ 3,135,000.00

 MOISES DONDOYANO INFORMATION SYSTEMS COMPANY
STATEMENT OF FINANCIAL POSITION
As of December 31, 200X

ASSETS
Current Assets
Cash ₱ 45,000.00
Accounts Receivable ₱ 360,000.00
Notes Receivable ₱ 156,000.00
Office Supplies ₱ 63,000.00
Total Current Assets ₱ 624,000.00
Non-Current Assets
Land ₱ 300,000.00
Building ₱ 1,590,000.00
Less: Accumulated Depreciation - Building ₱ 254,000.00 ₱ 1,336,000.00
Equipment ₱ 2,150,000.00
Less: Accumulated Depreciation - Equipment ₱ 612,000.00 ₱ 1,538,000.00
Total Non-Current Assets ₱ 3,174,000.00
TOTAL ASSETS
LIABILITIES AND OWNER'S EQUITY
Current Liabilities
Accounts Payable ₱ 213,000.00
Unearned Consulting Revenues ₱ 450,000.00
Total Current Liablities ₱ 663,000.00
Owner's Equity
Dondoyano, Capital ₱ 3,135,000.00
TOTAL LIABILITIES AND OWNBER'S EQUITY
₱ 3,798,000.00

₱ 3,798,000.00