CRASH LANDING ON YOU

TRIAL BALANCE
FOR THE YEAR DECEMBER 31, 2020

ACCOUNTS DEBIT CREDIT

Cash on Hand ₱120,586.00
Cash on Bank 560,125.00
Trade Receivables 400,125.00
Allowance for Bad Debts ₱60,128.00
Advance to Suppliers 125,677.00
Interest Receivables 1,248.00
Prepaid Supplies 4,450.00
Receivable From Insurance 70,990.00
Merchandise Inventory - January 1, 2016 255,544.00
Prepaid Interest 987
Prepaid Insurance 6,680.00
Land 780,125.00
Land Improvements 5,040.00
Accumulated Depreciation - Land Improvements 2,050.00
Building 480,650.00
Accumulated Depreciation - Building 100,788.00
Building Improvements 65,234.00
Accumulated Depreciation - Building Improvements 5,019.00
Furniture and Equipment 88,190.00
Accumulated Depreciation - Furmiture 10,160.00
Machinery Equipment 110,897.00
Accumulated Depreciation - Machinery Equipment 45,678.00
Trading Payables 198,700.00
Advances from Officers and Employees 5,076.00
Utilities Payables 6,807.00
Salaries Payables 10,150.00
Unearned Rent 5,600.00
Notes Payable - short-term portion 250,000.00
Notes Payable - long-term portion 180,000.00
Loans Payable - short-term portion 130,000.00
Crash, capital 482,145.00
Crash, drawing 250,000.00
Sales 2,490,000.00
Sales Discount 10,250.00
Sales Return 1,577.00
Rent Income 10,000.00
Interest Income 1,500.00
Purchases 510,000.00
Purchases Discount 88,000.00
Purchases Return 7,650.00
Freight in 58,875.00
Freight ount 6,780.00
Salaries Expense 434,588.00
Utilities Expense 10,770.00
Advertising Expense 5,680.00
Rent Expense 60,000.00
Bad Debts 1,654.00
Depreciation - Building 45,670.00
Depreciation - Land Improvements 6,557.00
Depreciation - Building Improvements 5,078.00
Depreciation - Furniture 6,087.00
Depreciation - Machinery and Equipment 10,157.00
Supplies Expense 10,124.00
Insuranse Expense 18,000.00
Interest Expense 12,000.00
Miscellaneus Expense 1,056.00
Merchandise Inventory - December 31, 2016 301,256.00
Income and Expense Summary 300,256.00

TOTAL ₱4,840,707.00 ₱4,840,707.00