Em

Unadjusted Trial Balance Adjustments

Particulars
Debit Credit Debit
Cash ₱ 31,500
Cash in Bank 50,000
Accounts Receivable 20,100
Inventory 40,500
Land 1,500,000
Equipment 180,000
Accomulated Depreciation-
Equipment ₱ 32,000
Accounts Payable 80,500
Income Tax Payable 55,000
Unearned Income 4,000 ₱ 4,000
Loans Payable 150,000
Long-Term Debt 255,000
Emman, Capital 1,227,600
Emman, Drawings 5,000
Sales 460,000
Sales Return & Allowances 12,000
Sales Discount 8,000
Cost of Sales 315,000 1,000
Advertising Expense 16,000
Salaries Expense 59,000 5,000
Utilities Expense 17,000
Rent Expense 10,000
Totals ₱ 2,264,100 ₱ 2,264,100
Depreciation Expense 8,000
Accrued Salaries Payable
Totals ₱ 18,000
Net Income
Totals
 Emman Company
Adjustments Adjusted Trial Balance Income Statement
Credit Debit Credit Debit
₱ 31,500
50,000
20,100
₱ 1,000 39,500
1,500,000
180,000

8,000 ₱ 40,000
80,500
55,000

150,000
255,000
1,227,600
5,000
4,000 464,000
12,000 12,000
8,000 8,000
316,000 316,000
16,000 16,000
64,000 64,000
17,000 17,000
10,000 10,000

8,000 8,000
5,000 5,000
₱ 18,000 ₱ 2,277,100 ₱ 2,277,100 ₱451,000
₱ 13,000
₱ 464,000
Income Statement Balance Sheet
Credit Debit Credit
₱ 31,500
50,000
20,100
39,500
1,500,000
180,000

₱ 40,000
80,500
55,000

150,000
255,000
1,227,600
5,000
464,000

5,000
₱464,000 ₱ 1,826,100 ₱ 1,813,100
₱ 13,000
₱ 464,000 ₱ 1,826,100 ₱ 1,826,100