Account Title Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet

Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash P 15, 846 P 15, 846 P 3, 450
Account Receivable 22, 431 200 1, 800 20, 831 24, 275
Allowance for Bad Debts P 1, 000 1, 800 800 1, 200
Merchandise Inventory 60, 869 60, 869 60, 869 51, 337 113, 700
Store Supplies 835 P 668 167 P 5, 250
Office Equipment 18, 512 18, 512 4, 250
Accumulated 7, 200 3, 600 p 10, 800 78, 000
Depreciation – Office
Equipment
Store Furniture and 4 , 800 4, 800 4, 500
Fixtures
Accumulated 960 480 1, 440 P 139, 275
Depreciation – Store
Furniture and Fixtures
Accounts Payable 4, 000 4, 000 P 31, 500
Notes Payable 12, 000 8, 960 3, 040 24, 000
SSS Premium Payable 411 411 17, 250
Withholding Taxes 350 350 2, 700
Payable
Philhealth Premium 650 650
Payable
Luz, Capital 68, 326 68, 326 4, 200
Luz, Drawing 3, 750 3, 750 4, 100
Sales 325, 250 325, 250 4,100
Sales Returns and 4, 792 4, 792 600
Allowances
Purchases 259, 237 259, 237 600
Purchases returns and 6, 670 6, 670 P 139, 275 P 147, 125 P 92,200
allowances
Purchases Discount 3, 867 3, 867 54, 925
Freight In 12, 312 12, 312 P 139, 275 P 147, 125 P 147, 125
Rent Income 1, 500 500 1, 000
 Salaries Expense 27, 650 628 28, 278
Insurance Expense 764 191 573
Interest Expense 386 8, 960 8, 574
Total P 432, 184 P 432, 184
Store Supplies Expense 668 668
Prepaid Insurance 191 191
Salaries Payable 628 628
Depreciation Expense 3, 600 3, 600
(Office equipment)
Depreciation Expense 480 480
(Store Furniture and
Fixtures)
Unearned Rent 500 500
Commission 200 200
P 17, 027 P 17, 027 P 435, 706 P 435, 706