DATE

2022 PARTICULARS DEBIT CREDIT

FEB 2 CASH 30,000
SEWING EQUIPMENT 18,000
FURNITURE AND FIXTURES 15,000
SHOP TOOLS 7,500
UNUSED SUPPLIES 2,500
TRAYNOR, CAPITAL 73,000

3 PREPAID RENT 18,000

CASH 18,000

5 SHOP TOOLS 2,500

UNUSED SUPPLIES 1,800
CASH 4,300

6 SEWING EQUIPMENT 6,000

ACCOUNTS PAYABLE 6,000

8 CASH 15,000
TRAYNOR, CAPITAL 15,000

9 ACCOUNTS RECEIVABLE 5,000

SERVICE INCOME 5,000

10 SALARIES EXPENSE 3,600

CASH 3,600

11 CASH 15,500
SERVICE INCOME 15,500

12 CASH 5,000
ACCOUNTS RECEIVABLE 5,000

14 UTILITIES EXPENSE 2,700

CASH 2,700

14 PERMITS AND LICENSES 550

CASH 550

16 UNUSED SUPPLIES 1,500

CASH 1,500

17 SALARIES EXPENSE 3,600

CASH 3,600
18 CASH 13,500
SERVICE INCOME 13,500

19 ACCOUNTS RECEIVABLE 2,300

SERVICE INCOME 2,300

20 REPAIRS AND MAINTENANCE 540

CASH 540

22 CASH 2,300
ACCOUNTS RECEIVABLE 2,300

22 CASH 18,000
SERVICE INCOME 18,000

24 SALARIES EXPENSE 3,600

CASH 3,600

25 CASH 8,700
SERVICE INCOME 8,700

25 ACCOUNTS PAYABLE 6,000

CASH 6,000

26 ADVANCES TO EMPLOYEES 2,000

CASH 2,000

27 TRAYNOR, DRAWINGS 1,300

UNUSED SUPPLIES 1,300

28 FURNITURE AND FIXTURES 6,500

ACCOUNTS PAYABLE 6,500

28 ACCOUNTS RECEIVABLE 4,600

SERVICE INCOME 4,600

223,090 223,090
 CASH SEWING EQUIPMENT
2-Feb 30,000 3-Feb 18,000 2-Feb 18,000
8-Feb 15,000 5-Feb 4,300 6-Feb 6,000
10-Feb 15,500 10-Feb 3,600
11-Feb 5,000 14-Feb 2,700
18-Feb 13,500 14-Feb 550
22-Feb 2,300 16-Feb 1,500 24,000
22-Feb 18,000 17-Feb 3,600 24,000
25-Feb 8,700 20-Feb 540
24-Feb 3,600
25-Feb 6,000
26-Feb 2,000
FURNITURE AND FIXTURES
108,000 46,390 2-Feb 15,000
61,610 28-Feb 6,500

ACCOUNTS RECEIVABLE
9-Feb 5,000 12-Feb 5,000
19-Feb 2,300 22-Feb 2,300 21,500
28-Feb 4,600 21,500

ACCOUNTS PAYABLE
11,900 7,300 25-Feb 6,000 6-Feb 6,000
4,600 28-Feb 6,500

ADVANCES TO EMPLOYEES
26-Feb 2,000
6,000 12,500
6,500

TRAYNOR, CAPITAL
2,000 2-Feb 73,000
2,000 8-Feb 15,000

SHOP TOOLS
2-Feb 7,500
5-Feb 2,500 88,000
88,000

TRAYNOR, DRAWINGS
10,000 27-Feb 1,300
10,000

UNUSED SUPPLIES
2-Feb 2,500 27-Feb 1,300
5-Feb 1,800 1,300
1,500 1,300

SERVICE INCOME
5,800 1,300 9-Feb 5,000
4,500 11-Feb 15,500
18-Feb 13,500
PREPAID RENT 16-Feb 2,300
3-Feb 18,000 22-Feb 18,000
25-Feb 8,700
28-Feb 4,600

67,600
18,000 67,600
18,000
 UTILITIES EXPENSE POKЀSHOP
14-Feb 2,700 UNADJUSTED TRIA
FOR THE MONTH ENDE

ACCOUNT CODE

2,700
2,700

PERMITS AND LICENSES

14-Feb 550

550
550

SALARIES EXPENSE
10-Feb 3,600
17-Feb 3,600
24-Feb 3,600

10,800
10,800

REPAIRS AND MAINTENANCE

20-Feb 540

540
540
 POKЀSHOPPE
UNADJUSTED TRIAL BALANCE
FOR THE MONTH ENDED FEB. 28, 2022

ACCOUNT TITLES DEBIT CREDIT

CASH P 61,610
ACCOUNTS RECEIVABLE 4,600
ADVANCES TO EMPLOYEES 2,000
SHOP TOOLS 10,000
UNUSED SUPPLIES 4,500
PREPAID RENT 18,000
SEWING EQUIPMENT 24,000
FURNITURE AND FIXTURES 21,500
ACCOUNTS PAYABLE P 6,500
TRAYNOR, CAPITAL 88,000
TRAYNOR, DRAWINGS 1,300
SERVICE INCOME 67,600
UTILITIES EXPENSE 2,700
PERMITS AND LICENSES 550
SALARIES EXPENSE 10,800
REPAIRS AND MAINTENANCE 540
TOTAL 162,100 162,100
 FOR T

Unadjusted Trial Balance

PARTICULARS Debit Credit
CASH ₱61,610
ACCOUNTS RECEIVABLE 4,600
ADVANCES TO EMPLOYEES 2,000
SHOP TOOLS 10,000
UNUSED SUPPLIES 4,500
PREPAID RENT 18,000
SEWING EQUIPMENT 24,000
FURNITURE AND FIXTURES 21,500
ACCOUNTS PAYABLE ₱6,500
TRAYNOR, CAPITAL 88,000
TRAYNOR, DRAWINGS 1,300
SERVICE INCOME 67,600
UTILITIES EXPENSE 2,700
PERMITS AND LICENSES 550
SALARIES EXPENSE 10,800
REPAIRS AND MAINTENANCE 540

SHOP TOOLS EXPENSE

DEPRECIATION EXPENSE - SEWING EQUIPMENT
DEPRECIATION EXPENSE - FURNITURE AND FIXTURES
ACCUMULATED DEPRECIATION - SEWING EQUIPMENT
ACCUMULATED DEPRECIATION - FURNITURE AND FIXTURES
ACCRUED SALARIES
ACRRUED UTILITIES
RENT EXPENSE
SUPPLIES EXPENSE
UNEARNED SERVICE INCOME
BAD DEBTS EXPENSE

₱162,100 ₱162,100
NET INCOME
 POKЀSHOPPE
WORKSHEET
FOR THE MONTH ENDED FEB. 28, 2022

Adjustments Adjusted Trial Balance Statement of Comprehensive Income

Debit Credit Debit Credit Debit
₱ 61,610
3,700 8,300
2,000
₱ 7,000 3,000
2,400 2,100
6,000 12,000
24,000
21,500
6,500
88,000
1,300
₱9,000 3,700 62,300
2,700 5,400 5,400
550 550
3,600 14,400 14,400
540 540

7,000 7,000 7,000

400 400 400
250 250 250
400 400
250 250
3,600 3,600
2,700 2,700
6,000 6,000 6,000
2,400 2,400 2,400
9,000 9,000
230 230 230
230 230

₱35,280 ₱35,280 ₱172,980 ₱172,980 ₱37,170

25,130
₱62,300
ent of Comprehensive Income Statement of Financial Position
Credit Debit Credit
₱ 61,610
8,300
2,000
3,000
2,100
12,000
24,000
21,500
6,500
88,000
1,300
₱ 62,300

400
250
3,600
2,700

9,000

230

₱62,300 ₱135,810 ₱110,680

25,130
₱62,300 ₱135,810 ₱135,810
 POKЀSHOPPE
CLOSING ENTRIES
DATE
2022 ACCOUNTS TITLE DEBIT CREDIT
FEB 28 SERVICE INCOME 62,300
INCOME SUMMARY 62,300

28 INCOME SUMMARY 37,170

UTILITIES EXPENSE 5,400
PERMITS AND LICENSES 550
SALARIES EXPENSE 14,400
REPAIRS AND MAINTENANCE 540
SHOP TOOLS EXPENSE 7,000
DEPRECIATION EXPENSE - SEWING EQUIPMENT 400
DEPRECIATION EXPENSE - FURNITURE AND FIXTURES 250
RENT EXPENSE 6,000
SUPPLIES EXPENSE 2,400
BAD DEBTS EXPENSE 230

28 INCOME SUMMARY 25,130

TRAYNOR, CAPITAL 25,130

28 TRAYNOR, CAPITAL 1,300

TRAYNOR, DRAWINGS 1,300
 POKЀSHOPPE
POST-CLOSING TRIAL BALANCE
ACCOUNT TITLES DEBIT CREDIT
CASH ₱ 61,610
ACCOUNTS RECEIVABLE 8,300
ADVANCES TO EMPLOYEES 2,000
SHOP TOOLS 3,000
UNUSED SUPPLIES 2,100
PREPAID RENT 12,000
SEWING EQUIPMENT 24,000
FURNITURE AND FIXTURES 21,500
ACCOUNTS PAYABLE ₱ 6,500
TRAYNOR, CAPITAL 111,830
ACCUMULATED DEPRECIATION - SEWING EQUIPMENT 400
ACCUMULATED DEPRECIATION - FURNITURE AND FIXTURES 250
ACCRUED SALARIES 3,600
ACRRUED UTILITIES 2,700
UNEARNED SERVICE INCOME 9,000
ALLOWANCE FOR BAD DEBTS 230
TOTAL ₱ 134,510 ₱ 134,510
 POKЀSHOPPE
REVERSING ENTRIES
DATE
2022 ACCOUNTS TITLE DEBIT CREDIT
MAR 1 SALARIES PAYABLE 3,600
SALARIES EXPENSE 3,600

1 UTILITIES PAYABLE 2,700

UTILITIES EXPENSE 2,700

1 UNEARNED SERVICE INCOME 9,000

SERVICE INCOME 9,000

1 UNEARNED SERVICE INCOME 3,700

ACCOUNTS RECEIVABLE 3,700