UNIVERSITY OF CEBU-BANILAD CAMPUS

Archbishop Reyes Avenue, Banilad, Cebu City

ACCTG. 111
FUNDAMENTALS OF ACCOUNTING

Worksheet

Name:_______________________________________ Time:_______________ Room:___________

The unadjusted trial balance of the Rosemarie Espanol Company for December 31, 2019 follows:

Cash 504,000
Accounts Receivable 789,000
Prepaid Rent 144,000
Cooking Supplies 357,000
Land 530,000
Building 1,250,000
Accumulated Depreciation-Building 413,000
Cooking Equipment 870,000
Accumulated Depreciation-Cooking Equipment 212,000
Notes Payable 1,400,000
Accounts Payable 117,000
Espanol, Capital 1,435,000
Espanol, Withdrawals 240,000
Gourment Cooking Revenues 2,256,000
Salaries Expense 619,000
Travel Expense 127,000
Advertising Expense 215,000
Insurance Expense 40,000
Utilities Expense 102,000
Miscellaneous Expense 46,000

Total 5,833,000 5,833,000

The following are the adjusting journal entries for the year:

a.) Rent Expense 72,000

Prepaid Rent 72,000

b.) Cooking Supplies Expense 332,000

Cooking Supplies 332,000

c.) Depreciation Expense-Building 28,000

Depreciation Expense-Cooking Equipment 52,000
Accumulated Depreciation-Building 28,000
Accumulated Depreciation-Cooking Equipment 52,000

d.) Salaries Expense 27,000

Salaries Payable 27,000

e.) Interest Expense 252,000

Interest Payable 252,000

Requirement:

1. From the given information above, prepare a 10-column worksheet.