Summa Cum Laude Company

Worksheet
December 31, 2019
P/ Trial Balance Adjustments Adjusted Trial Balance Comprehensive Income Financial Position
Account No. Account Title
R Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
101 Cash ₱4 8 2 6 0 0 0 00 ₱4 8 2 6 0 0 0 00 ₱4 8 2 6 0 0 0 00
102 Rent receivable 5 4 0 0 0 00 a) 5 4 0 0 0 00 1 0 8 0 0 0 00 1 0 8 0 0 0 00
103 Office supplies 1 0 0 0 0 00 b) 7 0 0 0 00 3 0 0 0 00 3 0 0 0 00
104 Prepaid insurance 6 0 0 0 0 00 c) 2 0 0 0 0 00 4 0 0 0 0 00 4 0 0 0 0 00
105 Land 5 0 0 0 0 0 0 00 5 0 0 0 0 0 0 00 5 0 0 0 0 0 0 00
106 Building 30 0 0 0 0 0 0 00 30 0 0 0 0 0 0 00 30 0 0 0 0 0 0 00
106-aAccumulated depreciation - Building ₱2 0 0 0 0 0 0 00 d) 1 6 6 6 6 6 67 ₱2 1 6 6 6 6 6 67 ₱2 1 6 6 6 6 6 67
107 Furniture and fixtures 3 0 0 0 0 0 0 00 3 0 0 0 0 0 0 00 3 0 0 0 0 0 0 00
107-aAccumulated depreciation - Furniture and fixtures 1 0 0 0 0 0 00 d) 8 3 3 3 33 1 0 8 3 3 3 33 1 0 8 3 3 3 33
108 Computers 3 0 0 0 0 0 00 3 0 0 0 0 0 00 3 0 0 0 0 0 00
108-aAccumulated depreciation - Computers 2 0 0 0 0 00 d) 1 6 6 6 67 2 1 6 6 6 67 2 1 6 6 6 67
201 Accounts payable 1 9 0 0 0 0 0 00 1 9 0 0 0 0 0 00 1 9 0 0 0 0 0 00
202 Unearned rent revenue 1 0 0 0 0 0 00 e) 1 0 0 0 0 0 00 -- -- -- --
203 Interes payable 6 0 0 0 0 00 6 0 0 0 0 00 6 0 0 0 0 00
204 Salaries and wages payable 5 0 0 0 0 00 f) 5 0 0 0 0 00 1 0 0 0 0 0 00 1 0 0 0 0 0 00
205 Utilities payable 1 0 0 0 0 0 00 1 0 0 0 0 0 00 1 0 0 0 0 0 00
206 Notes payable 6 5 0 0 0 0 0 00 6 5 0 0 0 0 0 00 6 5 0 0 0 0 0 00
301 Matalino, capital 9 0 0 0 0 0 0 00 9 0 0 0 0 0 0 00 9 0 0 0 0 0 0 00
302 Matalino, drawing 2 0 0 0 0 0 00 2 0 0 0 0 0 00 2 0 0 0 0 0 00
401 Rent revenue 25 0 0 0 0 0 0 00 a)e) 1 5 4 0 0 0 00 25 1 5 4 0 0 0 00 25 1 5 4 0 0 0 00
402 Gain on disposal of equipment 5 0 0 0 0 0 00 5 0 0 0 0 0 00 5 0 0 0 0 0 00
501 Administrative expense 4 0 0 0 0 00 4 0 0 0 0 00 4 0 0 0 0 00
502 Advertising expense 8 0 0 0 0 00 8 0 0 0 0 00 8 0 0 0 0 00
503 Salaries and wages expense 8 0 0 0 0 0 00 f) 5 0 0 0 0 00 8 5 0 0 0 0 00 8 5 0 0 0 0 00
504 Maintenance and repairs expense 3 5 0 0 0 0 00 3 5 0 0 0 0 00 3 5 0 0 0 0 00
505 Utilities expense 5 5 0 0 0 0 00 5 5 0 0 0 0 00 5 5 0 0 0 0 00
506 Insurance expense 6 0 0 0 0 00 c) 2 0 0 0 0 00 8 0 0 0 0 00 8 0 0 0 0 00
Totals ₱45 3 3 0 0 0 0 00 ₱45 3 3 0 0 0 0 00
Adjustments:
507 Office supplies expense b) 7 0 0 0 00 7 0 0 0 00 7 0 0 0 00
508 Depreciation expense d) 1 7 6 6 6 6 67 1 7 6 6 6 6 67 1 7 6 6 6 6 67
Totals ₱ 4 0 7 6 6 6 67 ₱ 4 0 7 6 6 6 67 ₱45 6 1 0 6 6 6 67 ₱45 6 1 0 6 6 6 67 ₱2 1 3 3 6 6 6 67 ₱25 6 5 4 0 0 0 00 ₱43 4 7 7 0 0 0 00 ₱19 9 5 6 6 6 6 67
Net Income 23 5 2 0 3 3 3 33 23 5 2 0 3 3 3 33
Totals ₱25 6 5 4 0 0 0 00 ₱25 6 5 4 0 0 0 00 ₱43 4 7 7 0 0 0 00 ₱43 4 7 7 0 0 0 00