Accounting Title Unadjusted Trial Balance Adjustments

Debit Credit Debit

Cash in Bank ₱480,000
Petty Cash Fund 1,000
Accounts Receivable 87,000
Est.Uncollectible Accounts 2,000
Merchandise Inventory 190,000 720,000
Prepaid Rental 145,000
Unused Supplies 35,000
Furnitures & Fixtures 120,000
Acc. Depreciation 24,000
Delivery Equipment 450,000
Acc. Depreciation 90,000
Accounts Payable 40,000
Vat Payable 85,000
Matilde Perez,Capital 822,700
Matilde Perez,Drawing 30,000
Sales 2,850,000
Sales Returns & Allowances 4,500
Purchases 1,985,000
Purchase Returns & Allowances 3,800
Freight In 12,000
Salaries & Wages 298,000
Taxes & Licenses 14,000
Utilities Expense 66,000 6,500
Total 3,917,500 3917500

Adjustments
Merchandise Inventory on Hand
Prepaid Expense 49,000
Store Supplies Used 5,000
Furnitures & Fixtures 20,000
Delivery Equipment 30,000
Accrued utilities

TOTAL 830,500
Net Loss to Balance Sheet
Grand Totals
Adjustments Adjusted Trial Balance Income Statement BALANCE SHEET
Credit Debit Credit Debit Credit
480,000 480,000
1,000 1,000
87,000 87,000
2,000
910,000 910,000
49,000 96,000 96,000
5,000 30,000
120,000 120,000
20,000 44,000
450,000 450,000
30,000 60,000
40,000
85,000
822,700
30,000 30,000
2,850,000 2,850,000
4,500 4,500
1,985,000 1,985,000
3,800 3,800
12,000 12,000
298,000 298,000
14,000 14,000
72,500 72,500

720,000 720,000 720,000

49,000 49,000
5,000 5,000
20,000 20,000
30,000 30,000
6,500 6,500 6500

830,500 4,664,000 4,664,000 3,400,000 3,580,300 1,264,000

180,300 180,300
3,400,000 3,400,000 1,083,700
BALANCE SHEET

2,000

30,000

44,000

60,000
40,000
85,000
822,700

1,083,700

1,083,700