Trial balance for Palicio Security Services Inc.

As on 31 December 2022
Description Debit Credit
Land
Cash
Accounts Receivable
Merchandise Inventory
Supplies
Prepaid Office rent
Prepaid motor Lease
Accounts payable
Un-earned Revenue
Common Stock
Retained Earnings
Purchases
Office supply expenses
Cutting grass expenses
Miscellaneous Expenses
Office rent Expenses
Motor Van Lease expense
Salaries
Advertising
Utilities
Dividends paid
Monitoring Services Income
Sales
(Add additional ledgers as per the requirement)

Total
 Income Statement for Palicio Security Services Inc.
For the period ending 31 December 2022
Particulars Amount ($) Amount ($)
Sales
Cost of goods sold
Opening Inventory
Purchases
Gross Profit

Other Income
Gross profit
Other Expenses
Office supplies
Cutting Grass
Miscellaneous
Office Rent
Motor Vehicle Lease
Salaries
Advertising
Utilities
Petty Cash
Less : Petty cash paid
Prepaid Exp
lease on the company van
Prepaid office rent
Purchased 100 alarm systems
Purchased supplies
Accounts Payable
Monitoring services exp
Paid installers and salaries
Dividend paid
Net Loss
Statement of change in Equity for Palicio Security Services Inc.
For the period ending 31 December 2022
Particulars Amount ($)
Balance at the beginning of the year
Profit for the year
Capital contributed during the year
Less: Dividend Paid

Balance at the end of the year

 Balance sheet for Palicio Security Services Inc.
For the period ending 31 December 2022
Particulars Amount(in $) Amount(in $)

Assets
Non Current Assets
Land and Building

Current Assets
Closing Inventory
Common stock
Debtors/Receivables
Add : Received during the year

Unearned reveneue

Bank and Cash

Sales

Supplies
Purchased supplies

Prepaid office rent

Prepaid Exp
lease on the company van
Prepaid office rent

Total Assets

Equity and Liabilities

Owners equity
Capital
Retained Earnings

Current Liabilities
Creditors/Payables
Add : Accounts payable
Salaries payable
Salary paid
Petty Cash
Monitoring services exp
Paid installers and salaries
Advertisement exp
Utilities exp
Dividend paid

Total Equity/Liabilities