CASH 110 REMEDI

DEBIT CREDIT TRIA

a 100,000 5,000 b
e 12,000 15,000 c ACC.NO.
h 5,400 27,000 d 110
k 7,000 3,000 g 120
o 2,000 10,000 i 170
4,500 j 175
1,350 m 220
2,400 n 310
7,000 p 320
126,400 75,250 410
51,150 510
530
ACCOUNTS RECEIVABLE 120 550
DEBIT CREDIT
f 10,800 5,400 h
l 12,000 2,000 O

22,800 7,400
15,400

OFFICE EQUIPMENT 170

DEBIT CREDIT
d 54,000
g 7,500
61,500

OFFICE FURNITURE 175

DEBIT CREDIT
c 15,000

ACCOUNTS PAYABLE 220

DEBIT CREDIT
j 4,500 27,000 d
4,500 g
4,500 31,500
27,000

PALAGANAS, CAPITAL 310

 DEBIT CREDIT
100,000 a

PALAGANAS, WITHDRAWALS 320

DEBIT CREDIT
p 7,000

CONSULTING REVENUES 410

DEBIT CREDIT
12,000 e
10,800 f
7,000 k
12,000 l
41,800
SALARIES EXPENSE 510
DEBIT CREDIT
i 10,000

RENT EXPENSE 530

DEBIT CREDIT
b 5,000

UTILITIES EXPENSE 530

DEBIT CREDIT
m 1,350
n 2,400
3,750
 REMEDIOS PALAGANAS
TRIAL BALANCE
Oct-1
ACCOUNTS TITLE DEBIT CREDIT
Cash 51,150
Accounts Receivable 15,400
Office Equipment 61,500
Office Furniture 15,000
Accounts Payable 27,000
Palaganas, Capital 100,000
Palaganas,Withdrawals 7,000
Consulting Revenues 41,800
Salaries Expense 10,000
Rent Expense 5,000
Utilities Expense 3,750
168,800 168,800
 Remedios Palagnas
Income Statement
For the Month October 2020

Revenues
Consulting Revenues 41,800
Expenses
Salaries Expense 10,000
Rent Expense 5,000
Utilities Expense 3,750
Total Expenses 18,750

Profit ₱41,800
 Remedios Palagnas
Statement of Change in Equity
For the Month October 2020

Palagnas, Capital 100,000

Add: Additional Investments by Palagnas ₱0
Profit 23,050 23,050
Total 123,050
Less: Withdrawals 7,000
Palagnas, Owner Equity ₱116,050
 Remedios Palagnas
Balance Sheet
October 2020

Assets

Current Assets
Cash
Account Receivable
Total Current Assets

Non Current Assets

Office Equipment
Office Furniture
Total Non-Current Assets

Total Assets

Liabilities
Current Liabilities
Account Payable
Total Liabilities

Owner's Equity
Palaganas, Capital
Total Liabilities and Owner's Equity
51,150
15,400
₱66,550

61,500
15,000
76,500

₱143,050

27,000
₱27,000

116,050
₱143,050