1) R.

Rosario Travel Agency

Adjusting Entries
For the year ended Dec 31, 2019
Date Account Name P.R Debit
Nov-01 Rent expense 520 120,000
Prepaid rent 130
To record the rent expense from Nov-Dec 2019

Dec-31 Office supplies expense 530 36,000

Office supplies 140
To record supplies expense for December 2019

Depreciation expense 540 75,000

Accumulated depreciation 155
To record depriciation for the Year 2019

Salaries expense 510 105,000

Salaries Payable 230
To record the salaries accrued

Oct-01 Interest Expense 550 54,000

Interest Payable 240
To record the accrued interest of the note
 2) R. Rosario Travel Agency
General Ledger
For the year ended Dec 31, 2019
Cash
Credit
Date Item Post. Ref Debit Credit
120,000 2019 Cash 110 126,000

Accounts Receivable
36,000
Date Item Post. Ref Debit Credit
2019 Accounts Receivable 120 645,000

75,000 Prepaid Rent

Date Item Post. Ref Debit Credit

Nov-01 Prepaid Rent 130 360,000
105,000 130 120,000

Office Supplies

54,000 Date Item Post. Ref Debit Credit

Dec-31 Office supplies 140 63,000
140 36,000

Furniture and Equipment

Date Item Post. Ref Debit Credit

2019 Furniture & Equip. 150 2,175,000

Accumulated Depreciation Account No. 155

Date Item Post. Ref Debit Credit

Dec-31 Accumulated Dep. 155 435,000
155 75,000

Notes Payable

Date Item Post. Ref Debit Credit

2019 Notes Payable 210 900,000

Accounts Payable

Date Item Post. Ref Debit Credit

2019 Accounts Payable 220 285,000

Salaries Payable

Date Item Post. Ref Debit Credit

 Dec-31 Salaries Payable 230 105,000

Interest Payable

Date Item Post. Ref Debit Credit

Oct-01 Interest Payable 230 54,000

Rosario, Capital

Date Item Post. Ref Debit Credit

2019 Rosario Capital 310 1,680,000

Rosario, Withdrawals

Date Item Post. Ref Debit Credit

2019 Rosario Withdrawals 320 1,200,000

Travel Revenues

Date Item Post. Ref Debit Credit

2019 Travel Revenues 410 5,133,000

Salaries Expense

Date Item Post. Ref Debit Credit

Dec-31 Salaries Expense 510 3,771,000
510 105,000

Rent Expense
Date Item Post. Ref Debit Credit

Nov-01 Rent Expense 520 120,000

Office Supplies Expense Account No. 530

Date Item Post. Ref Debit Credit

Dec-31 Office Supplies Exp. 530 36,000

Depreciation Expense Account No. 540

Date Item Post. Ref Debit Credit

Dec-31 Depriciation Expense 540 75,000

Interest Expense Account No. 550

Date Item Post. Ref Debit Credit

Oct-31 Interest Expense 550 54,000

Miscellaneous Expense Account No. 560

Date Item Post. Ref Debit Credit
2019 Interest Expense 560 93,000
cy 3) R. Rosario Travel Agency
Trial Balance
2019 Dec 31, 2019
Account No. 110 Unadjusted
Balance
Debit Credit 110 Cash 126,000
120 Account Receivable 645,000
126,000 130 Prepaid Rent 360,000
140 Office Supplies 63,000
Account No. 120 150 Furniture and Equipment 2,175,000
Balance 155 Accumulated Depriciation 435,000
Debit Credit 210 Notes Payable 900,000
645,000 220 Account Payable 285,000
230 Salaries Payable
Account No. 130 240 interest Payable
Balance 310 Rosario, Capital 1,680,000
Debit Credit 320 Rosario, Withdrawal 1,200,000
360,000 410 Travel revenues 5,133,000
240,000 510 Salaries Expense 3,771,000
520 Rent Expense
Account No. 140 530 Office Supplies Expense
Balance 540 Depriciation Expense
Debit Credit 550 Interest Expense
63,000 560 Miscellaneous Expense 93,000
27,000 P8,433,000 P8,433,000

Account No. 150

Balance
Debit Credit
2,175,000

Account No. 155

Balance
Debit Credit
435,000
510,000

Account No. 210

Balance
Debit Credit
900,000

Account No. 220

Balance
Debit Credit
285,000

Account No. 230

Balance
Debit Credit
 105,000

Account No. 240

Balance
Debit Credit
54,000

Account No. 310

Balance
Debit Credit
1,680,000

Account No. 320

Balance
Debit Credit
1,200,000

Account No. 410

Balance
Debit Credit
5,133,000

Account No. 510

Balance
Debit Credit
3,771,000
3,876,000

Account No. 520

Balance
Debit Credit
120,000

Account No. 530

Balance
Debit Credit
36,000

Account No. 540

Balance
Debit Credit
75,000

Account No. 550

Balance
Debit Credit
54,000

Account No. 560

Balance
Debit Credit
93,000
cy

Adjusted

126,000
645,000
240,000
27,000
2,175,000
510,000
900,000
285,000
105,000
54,000
1,680,000
1,200,000
5,133,000
3,876,000
120,000
36,000
75,000
54,000
93,000
P8,667,000 P8,667,000