Moises Dondoyano Inf

Wo
12/

UNADJUSTED TB ADJUSTM
No. Account Debit Credit
110 Cash P 45,000
120 Notes Receivable 360,000
130 Accounts Receivable 156,000
140 Office Supplies 63,000
150 Land 300,000
160 Building 1,590,000
165 Accum. Depreciation-Building P 254,000
170 Equipment 2,150,000
180 Interest Receivable e)
175 Accum. Depreciation-Equipment 612,000
210 Accounts Payable 213,000
220 Unearned Consulting Revenues 450,000 b)
230 Salaries Payable
310 Dondoyano, Capital, 1/1/2013 2,655,000
320 Dondoyano, Withdrawals 600,000
410 Consulting Revenues 2,108,000
420 Interest Income
510 Salaries Expense 875,000 d)
520 Repairs Expense 116,000
530 Supplies Expense a)
565 Depreciation Expense-Building c)
575 Depreciation Expense-Equipment c)
540 Miscellaneous Expense 37,000
Totals P 6,292,000 P 6292000 P
Profit
Totals
Moises Dondoyano Information Systems Company
Worksheet
12/31/2013

ADJUSTMENTS ADJUSTED TB INCOME STATEMENT BALANCE SHEET

Debit Credit Debit Credit Debit Credit
P 45,000 P
360,000
156,000
a)P 42,000 21,000
300,000
1,590,000
c) 38,000 P 292,000
2,150,000
24,000 24,000
c) 123,000 735,000
213,000
150,000 300,000
d) 14,000 14,000
2,655,000
600,000
b) 150,000 2,258,000 P 2,258,000
e) 24,000 24,000 24,000
14,000 889,000 P 889,000
116,000 116,000
42,000 42,000 42,000
38,000 38,000 38,000
123,000 123,000 123,000
37,000 37,000
391000 P 391000 P 6491000 P 6491000 P 1245000 P 2282000 P
1,037,000
P 2,282,000 P 2,282,000 P
BALANCE SHEET
Debit Credit
45,000
360,000
156,000
21,000
300,000
1,590,000
P 292,000
2,150,000
24,000
735,000
213,000
300,000
14,000
2,655,000
600,000

5246000 P 4209000
1,037,000
5,246,000 P 5,246,000
 Moises Dondoyano Information Systems Company
General Ledger

Account: Cash Account No: 110

Date Debit Credit Balance
P 45,000 P 45,000

Account: Notes Receivable Account No: 120

Date Debit Credit Balance
P 360,000 P 360,000

Account: Accounts Receivable Account No: 130

Date Debit Credit Balance
P 156,000 P 156,000

Account: Office Supplies Account No: 140

Date Debit Credit Balance
P 63,000 P 42,000 P 21,000

Account: Land Account No: 150

Date Debit Credit Balance
P 300,000 P 300,000

Account: Building Account No: 160

Date Debit Credit Balance
P 1,159,000 P 1,159,000

Account: Accum. Depreciation-Building Account No: 165

Date Debit Credit Balance
P 254,000
38,000 P 292,000

Account: Equipment Account No: 170

Date Debit Credit Balance
P 2,150,000 P 2,150,000

Account: Accum. Dep. Equipment Account No: 175

Date Debit Credit Balance
P 612,000
123,000 P 735,000

Account: Accounts Payable Account No: 210

Date Debit Credit Balance
 P 213,000 P 213,000

Account: Unearned Consulting Rev Account No: 220

Date Debit Credit Balance
P 150,000 P 450,000 P 300,000

Account: Dondoyano, Capital Account No: 310

Date Debit Credit Balance
1,1,2013 P 2,655,000 P 2,655,000

Account: Dondoyano, Withdrawals Account No: 320

Date Debit Credit Balance
P 600,000 P 600,000

Account: Consulting Revenues Account No: 410

Date Debit Credit Balance
P 2,108,000
150,000 P 2,258,000

Account: Salaries Expense Account No: 510

Date Debit Credit Balance
P 875,000
14,000 P 889,000

Account: Repairs Expense Account No: 520

Date Debit Credit Balance
P 116,000 P 116,000

Account: Miscellaneous Expense Account No: 540

Date Debit Credit Balance
P 37,000 P 37,000

Account: Interest Receivable Account No: 180

Date Debit Credit Balance
P 24,000 P 24,000

Account: Salaries Payable Account No: 230

Date Debit Credit Balance
P 14,000 P 14,000

Account: Interest Income Account No: 420

Date Debit Credit Balance
P 24,000 P 24,000
Account: Supplies Expense Account No: 530
Date Debit Credit Balance
P 42,000 P 42,000

Account: Depreciation Expense-Building Account No: 565

Date Debit Credit Balance
P 38,000 P 38,000

Account: Depreciation Expense-Equip, Account No: 575

Date Debit Credit Balance
P 123,000 P 123,000
 Moises Dondoyano Information Systems Company
Adjusting Entries

Transaction Account Title Debit Credit

A Supplies Expense P 42,000
Office Supplies P 42,000
# [63,000-21,000= 42,000]

B Unearned Revenue 150,000

Consulting Revenue 150,000
#[450,000(1/3)=150,000]

C Depreciation Expense- Building 38,000

Accum. Depreciation- Building 38,000
#

C Depreciation Expense- Equipment 123,000

Accum. Depreciation- Equipment 123,000
#

D Salaries Expense 14,000

Salaries Payable 14,000
#

E Interest Receivable 24,000

Interest Income 24,000
#[360,000 (20%)(4/12)=24,000]
 Moises Dondoyano Information Sy
Balance Sheet
31-Dec-13

Assets
Current Asset
Cash P 45,000
Notes Receivable 360,000
Account Receivable 156,000
Office Supplies 21,000
Interest Receivable 24,000
Total Current Assets P 606,000
Investments
Land 300,000 300,000
Building 1,590,000
Accum. Depreciation-Building 292,000 1,298,000
Equipment 2,150,000
Accum. Depreciation-Equipment 735,000 1,415,000
Total Assets P 3,619,000

Moises Dondoyano Information Sy

Income Statemen
31-Dec-13

Income
Consulting Revenue P 2,258,000
Interest Income/ Revenue 24,000
Total Income P 2,282,000

Profit
Income P 2,282,000
Expense 1,245,000
Total Profit P 1,037,000

Moises Dondoyano Information Sy

Statement of Changes in
31-Dec-13

Owner's Equity
Dondoyano, Capital, 1/1/2013
Additional Investment
Profit
Total
Withdrawals
Total
Dondoyano Information Systems Company
Balance Sheet
31-Dec-13

Liabilities
Current Liability
Account Payable P 213,000
Unearned Consulting Revenue 300,000
Salaries Payable 14,000
Total Current Liabilities P 527,000
Owner's Equity
Dondoyano, Capital, 1/1/2013 P 2,655,000
Additional Investment 0
Profit 1,037,000
Total P 3,692,000
Withdrawals P 600,000
Total P 3,092,000
Total Liabilities & Owner's Equity P 3,619,000

Dondoyano Information Systems Company

Income Statement
31-Dec-13

Expense
Salaries Expense P 889,000
Repairs Expense 116,000
Supplies Expense 42,000
Depreciation Expense-Building 38,000
Depreciation Expense-Equipment 123,000
Miscellaneous Expense 37,000
Total Expense P 1,245,000

Dondoyano Information Systems Company

Statement of Changes in Equity
31-Dec-13

P 2,655,000
 0
1,037,000
P 3,692,000
P 600,000
P 3,092,000