Don Bosco Technical Institute-Victorias

VICMICO, Victorias City, Negros Occidental

2nd Semester (End Term) SY 2020-2021
SENIOR HIGH SCHOOL

John Lee, CPA

Worksheet
For the Month Ended December 31, 2020

Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet

Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

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 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet

Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Additional Information:

a. Supplies on hand at December 31 amounted to 5,400.00.

b. Mr. Lee used up one month insurance for his accounting firm's one year insurance policy.

c. Depreciation for office equipment, P1,388.90.

d. Office Condominium has an estimated useful life of 40 years.

e. Accounting Library has an estimated useful life of 2 years.

 John Lee, CPA
Income Statement
For the Month Ended December 31, 2020

Sales Revenue

Expenses

Total Expenses
Net Profit/Loss
 John Lee, CPA
Statement of Changes in Equity
For the Month Ended December 31, 2020

Lee, Capital, 12/1/2020

Add: Additional investment
Profit
Total
Less: Withdrawals
Lee, Capital,12/31/2020
 John Lee, CPA
Statement of Financial Position
For the Month Ended December 31, 2020

Assets
Current Assets

Total Current Assets

Property and Equipment (Net)

Total Assets

Liabilities
Current Liabilities

Total Current Liabilities

Owner's Equity

Total Liabilities and Owner's Equity