Unadjusted Trial

Account Titles Balance Adjusting Entries

Debit Credit Debit Credit
CASH 500,000
ACCOUNTS RECEIVABLE 175,000
ALLOWANCE FOR BAD DEBTS 21,000 11,000
PREPAID RENT 45,000 24,000
PREPAID INSURANCE 21,000 16,500
OFFICE SUPPLIES 9,000 9,000
OFFICE EQUIPMENT 85,000
ACCUMULATED DEPRECIATION -OFFICE EQUIPMENT 14,590
Delivery equipment 1,000,000
Accumulated depreciation – Delivery equipment 27,890
Accounts payable 91,000
Notes payable 23,900
Accrued office salaries 17890 9,710
Accrued utilities 13,000
Unearned trucking service income 36,500 24,500
Junna Bunay, Capital 1,391,810
Junna Bunay, Drawings 41,000
Trucking service income 375,000 24,500
Bad debts 11,000
Depreciation expense – Office equipment 14,590
Depreciation expense – Delivery equipment 27,890
Insurance expense 16,500
Office salaries expense 18,100 9,710
Office supplies expense 9,000
Rent expense 24,000
Repairs and maintenance 21,000
Truck drivers’ wages 42,000
Utility expense 13,000
TOTAL 1,957,100 1957100 150190 150,190
Adjusted Trial
Balance Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit
500,000 500,000
175,000 175,000
32,000 32,000
21,000 21,000
4,500 4,500

85,000 85,000
14,590 14,590
1,000,000 1,000,000
27,890 27,890
91,000 91,000
23,900 23,900
27,600 27,600
13,000 13,000
12,000 12,000
1,391,810 1,391,810
41,000 41,000
399,500 399,500
11,000 11,000
14,590 14,590
27,890 27,890
16,500 16,500
27,810 27,810
9,000 9,000
24,000 24,000
21,000 21,000
42,000 42,000
13,000 13,000
2,033,290 2,033,290 206790 399,500 1,826,500 1,633,790
192,710 192,710
399,500 399,500 1,826,500 1,826,500
 CALOOCAN'S REPAIR SHOP
ADJUSTED TRIAL BALANCE
DECEMBER 31, 2020

Cash 120,000
Accounts Receivable 53,000
Allowance for Bad debts 7,950
Prepaid Rent
Prepaid Advertisement
Repair Supplies
Furniture
Accumulated depreciation - Furniture
Repair Tools
Accumulated depreciation - Repair Tools
Accounts Payable
Notes Payable
Accrued Office Salaries
Accrued Maintenance Expense
Accrued Utiliy Expense
Vico Sotto, Capital
Vico Sotto, Drawings
Service Fees
Accrued Service Fees
Depreciation expense - Furniture
Depreciation expense - Repair Tools
Office Salaries Expense
Maintenance Expense
Utility Expense