Adjustment - NO expense Account (walang Temporary Acccount) = I/S

Permanent Account (SFP account)

1.) Del Mundo, Capital 6,000

Merchandise Inventory (Asset) 6,000

AR 240,000 Recorded 230,000

Uncollectible 5% Should Be 228,000
12000 2,000

New Dati
AR 240,000 240,000
ADA 5% 12,000 10,000 2,000
NRV 228,000 230,000

2.) Del Mundo, Capital 2,000

Allowance for DA 2,000

3.) 10,000 12% 3/12 300

20,000 12% 2/12 400
700

Interest Receivable 700

Del Mundo, Capital 700

4.) 40,000 14% 6/12 2800

Del Mundo, Capital 2,800

Interest Payable 2,800

5.) FF Dati New

Cost 60,000 60,000
A/D 6,000 14,000 8,000
Net Value 54,000 46,000

Del Mundo, Capital 8,000

Accumulated Depreciation 8,000

6.) Office Supplies 4,000

Del Mundo, Capital 4,000
Interest Receivable 700
Office Supplies 4,000
Del Mundo, Capital 14,100
Merchandise Inventory (Asset)
Allowance for DA
Interest Payable
Accumulated Depreciation

Del Mundo Capita (6,000.00) (1)

(2,000.00) (2)
700.00 (3)
(2,800.00) (4)
(8,000.00) (5)
4,000.00 (6)
(14,100.00)
6,000
2,000
2,800
8,000

314,000
14,100
299,900
Allowance for DA 12,000
Accumulated Depn 14,000
Notes Payable 40,000
Accounts Payable 100,000
Interest Payable 2,800
Del Mundo, Capital 299,900
Cash 60,000
Notes Receivable 30,000
Accounts Receivable 240,000
Merchandise Inventory 74,000
Furniture and Fixtures 60,000
Interest Receivable 700
Office Supplies 4,000
Cash 60,000
Notes Receivable 30,000
Accounts Receivable 240,000
Merchandise Inventory 74,000
Furniture and Fixtures 46,000
Interest Receivable 700
Office Supplies 4,000
Allowance for DA 12,000
Notes Payable 40,000
Accounts Payable 100,000
Interest Payable 2,800
Del Mundo, Capital 299,900 149950

Cash 149, 950 #VALUE!

Dima, Capital 149, 950