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  • Adjusting Entries Activity

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    Rov Cayetano
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    This document shows a trial balance for an accounting period with debit and credit columns. It includes account titles like cash, accounts receivable, supplies, and various expenses. The trial balance also shows adjustment columns that debit and credit various expense and revenue accounts for prepaid, accrued, and deferred items. An adjusted trial balance is presented incorporating the adjustments.

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    Adjusting Entries

    Original Title

    Adjusting-Entries-Activity

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    This document shows a trial balance for an accounting period with debit and credit columns. It includes account titles like cash, accounts receivable, supplies, and various expenses. The trial balance also shows adjustment columns that debit and credit various expense and revenue accounts for prepaid, accrued, and deferred items. An adjusted trial balance is presented incorporating the adjustments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    25 views2 pages

    Adjusting Entries Activity

    Uploaded by

    Rov Cayetano
    This document shows a trial balance for an accounting period with debit and credit columns. It includes account titles like cash, accounts receivable, supplies, and various expenses. The trial balance also shows adjustment columns that debit and credit various expense and revenue accounts for prepaid, accrued, and deferred items. An adjusted trial balance is presented incorporating the adjustments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Account Title Trial Balance Adjustment

    Debit Credit Debit Credit


    Cash ₱ 78,400.00
    Accounts Receivable ₱ 8,900.00
    Office Supplies ₱ 2,500.00 ₱ 900.00
    Prepaid Advertising ₱ 2,400.00
    Prepaid Insurance ₱ 6,000.00 ₱ 500.00
    Furniture and Equipment ₱ 75,000.00
    Accumulated Depreciation ₱ 625.00
    Interest Payable ₱ 900.00
    Accounts Payable ₱ 30,000.00
    Rent Payable ₱ 4,000.00
    Loan Payable ₱ 60,000.00
    Unearned Legal Fees ₱ 5,000.00
    Nestor Capital ₱ 60,000.00
    Nestor Drawings ₱ 12,000.00
    Legal fees earned ₱ 44,400.00 ₱ 5,000.00
    Depreciation Expense ₱ 625.00
    Supplies Expense ₱ 900.00
    Insurance Expense ₱ 500.00
    Rent Expense ₱ 4,000.00
    Interest Expense ₱ 900.00
    Salaries expense ₱ 5,500.00
    Advertising expense ₱ 3,600.00 ₱ 2,400.00
    Utilities Expense ₱ 1,500.00
    Miscellaneous Expense ₱ 1,000.00
    ₱ 194,400.00 ₱ 194,400.00 ₱ 14,325.00 ₱ 14,325.00
    Adjusted Trial Balance
    Debit Credit
    ₱ 78,400.00
    ₱ 8,900.00
    ₱ 1,600.00
    ₱ 2,400.00
    ₱ 5,500.00
    ₱ 75,000.00
    ₱ 625.00
    ₱ 900.00
    ₱ - ₱ 30,000.00
    ₱ 4,000.00
    ₱ - ₱ 60,000.00
    ₱ 5,000.00
    ₱ - ₱ 60,000.00
    ₱ 12,000.00 ₱ -
    ₱ 39,400.00
    ₱ 625.00
    ₱ 900.00
    ₱ 500.00
    ₱ 4,000.00
    ₱ 900.00
    ₱ 5,500.00
    ₱ 1,200.00
    ₱ 1,500.00
    ₱ 1,000.00
    ₱ 199,925.00 ₱ 199,925.00

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