Unadjusted trial balance Adjustments Income Statement Balance Sheet

PARTICULARS PR DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT

Cash and cash equivalents 124134 124134
Accounts receivable 21900 21900
Equipment 40000 40000
Accounts payable 89400 89400
Withholding tax payable 0 0
Expanded withholding tax payable 750 750
SSS,Pag-ibig,PhilHealth contributions payable 0 0
Perstaym, Capital 200000 200000
Sales 140000 140000
Sales Discount 2240 2240
Sales Returns 500 500
Purchases 110000 110000
Purchase Discount 224 224
Purchase Returns 200 200
Salaries Expense 100000 100000
Rent Expense 15000 15000
SSS,Pag-ibig,PhilHealth contributions 10000 10000
Input VAT 18600 18600
Output VAT 16800 16800
Supplies expense 5000 5000
Total 447374 447374

ADJUSTMENTS;
Merchandise inventory-end 40000 40000
Accumulated depreciation 166.67
Depreciation expense 166.67 166.67 166.67
Income Summary 40000 40000
Total 40166.67 40166.67 261506.67 197224 226034 290316.67
Net loss 64282.67 64282.67
TOTAL 261506.67 261506.67 290316.67 290316.67