Teresita Buenaflor Shoes

Worksheet
February 2020

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
PARTICULARS TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE COMPREHENSIVE INCOME FINANCIAL POSITION
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Cash 221,180 221,180 221,180
Accounts receivable 428,000 428,000 428,000
Merchandise inventory 413,000 397,000 413,000 397,000 397,000
Supplies 72,000 58,000 14,000 14,000
Prepaid insurance 48,000 2,000 46,000 46,000
Land 460,000 460,000 460,000
Building 1,750,000 1,750,000 1,750,000
Accumulated depreciation - Building 350,000 9,000 359,000 359,000
Equipment 2,310,000 2,310,000 2,310,000
Accumulated depreciation - Equipment 630,000 12,000 642,000 642,000
Accounts payable 517,000 517,000 517,000
Salaries payable 51,000 51,000 51,000
Mortgage payable 2,600,000 2,600,000 2,600,000
Buenaflor, capital 1,569,000 1,569,000 1,569,000
Buenaflor, withdrawal 400,000 400,000 400,000
Income summary 413,000 397,000 413,000 397,000 413,000 397,000
Sales 1,332,000 1,332,000 1,332,000
Sales returns and allowances 141,000 141,000 141,000
Sales discount 11,840 11,840 11,840
Purchases 668,000 668,000 668,000
Purchases Returns and allowances 25,000 25,000 25,000
Purchase discounts 7,020 7,020 7,020
Transportation in 13,000 13,000 13,000
Salaries expense 51,000 51,000 102,000 102,000
Supplies expense 58,000 58,000 58,000
Insurance expense 2,000 2,000 2,000
Depreciation expense - building 9,000 9,000 9,000
Depreciation expense - equipment 12,000 12,000 12,000
Transportation out 4,000 4,000 4,000
Advertising expense 6,000 6,000 6,000
Interest expense 26,000 26,000 26,000
Miscellaneous expense 7,000 7,000 7,000
7,030,020 7,030,020 942,000 942,000 7,499,020 7,499,020 1,472,840 1,761,020 6,026,180 5,738,000
Net Income 288,180 288,180
1,761,020 1,761,020 6,026,180 6,026,180