Sugadol Commercial

Worksheet
June 30, 2020

Trial Balance Adjustments

Account Title Debit Credit Debit Credit
Cash in Bank 680,000
Petty Cash Fund 1,000
Accounts Receivable 52,000
Est. Uncollectible Account 1,500 1,100
Merchandise Inventory 160,000
Supplies Inventory 28,000 25,000
Prepaid Rent 12,000
Furniture and Fixture 270,000
Acc. Depreciation 54,000 27,000
Accounts Payable 230,000
VAT Payable 15,300
G. Subaldo, Capital 863,600
G. Subaldo, Drawing 20,000
Sales 1,758,000
Sales Return and Allowances 2,100
Sales Discount 3,500
Purchases 1,450,000
Purchase Discount 3,200
Salaries and Wages 180,000
Taxes and Licenses 14,000
Rent Expense 42,000 12,000
Insurance Expense 18,000
Freight Out 5,000
Uncollectible Account Expense 1,100
Supplies Expense 25,000
Depreciation Expense 27,000
2,925,600 2,925,600 65,100 65,100
Profit
Sugadol Commercial
Worksheet
June 30, 2020

Adjusted Trial Balance Income Statement Balance Sheet

Debit Credit Debit Credit Debit Credit
680,000 680,000
1,000 1,000
52,000 52,000
2,600 2,600
160,000 160,000 285,000 285,000
3,000 3,000
12,000 12,000
270,000 270,000
81,000 81,000
230,000 230,000
15,300 15,300
863,600 863,600
20,000 20,000
1,758,000 1,758,000
2,100 2,100
3,500 3,500
1,450,000 1,450,000
3,200 3,200
180,000 180,000
14,000 14,000
30,000 30,000
18,000 18,000
5,000 5,000
1,100 1,100
25,000 25,000
27,000 27,000
2,953,700 2,953,700 1,915,700 2,046,200 1,323,000 1,192,500
130,500 130,500

2,046,200 2,046,200 1,323,000 1,323,000