Start-up Tru

Work
For the Month E
Account Name Trial Balance Adjustments
Debit Credit Debit
Cash in Bank 1, 020, 000.00
Petty Cash Fund 1, 000.00
Accounts Receivable 120, 000.00
Estimated Uncollectible Account 1, 200.00 1, 200.00
Unused Supplies 15, 000.00 10, 000.00
Prepaid Insurance 8, 500.00 6, 200.00
Prepaid Rent 30, 000.00 18, 000.00
Delivery Truck 1, 500, 000.00
Acc. Depreciation - Del. Truck 250, 000.00
Accounts Payable 130, 000.00
Han-Mi, Capital 1, 818, 500.00
Han-Mi, Drawing 50, 000.00
Trucking Income 935, 000.00
Taxes and License 10, 000.00
Repairs and Maintenance 27, 000.00
Retainer Fees 25, 000.00
Salaries and Wages 320, 000.00
Utilities Expense 8, 200.00
3, 134, 700.00 3, 134, 700.00 35, 400.00

Provision for Uncollectible Account should be at 2% of the outstanding receivable account.

Supplies actually on hand P 5, 000
Of the prepaid Insurance, P 6, 200 has actually expired.
P 18, 000 of the prepaid rental has expired.
Depreciation Expense for the period is P 105, 000
 Start-up Trucking Services
Worksheet
For the Month Ended July 30, 20xx
Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Credit Debit Credit Debit Credit Debit
1, 020, 000.00 1, 020, 000.00
1, 000.00 1, 000.00
120, 000.00 120, 000.00

25, 000.00 15, 000.00

14, 700.00 8, 500.00
48, 000.00 30, 000.00
1, 500, 000.00 1, 500, 000.00
35, 400.00 285, 400.00
130, 000.00
1, 818, 500.00
50, 000.00 50, 000.00
935, 000.00 935, 000.00
10, 000.00 10, 000.00
27, 000.00 27, 000.00
25, 000.00 25, 000.00
320, 000.00 320, 000.00
8, 200.00 8, 200.00
35, 400.00 3, 168, 900.00 3, 168, 900.00 390, 200.00 935, 000.00 2, 744, 500.00
Balance Sheet
Credit

1, 200.00

250, 000.00
130, 000.00
1, 818, 500.00

2, 199, 700.00