PUNTA VERDE COMMERCIAL TRIAL BALANCE

TRIAL BALANCE
January 31, 20B

Account Titles Debit Credit

Cash in Bank ₱ 74,574.70

Petty Cash Fund 1,000.00
Accounts Receivable
Allowance for Bad Debts ₱ 4,000.00
Merchandise Inventory, Jan 1 18,000.00
Supplies Inventory
Prepaid rent
Furniture and fixtures 230,000.00
Acc. Dep'n - Furniture and fixtures
Store equipment
Acc. Dep'n - Store equipment 8,000.00
Accounts Payable 130,040.00
VAT Payable
SSS Premium Payable
PHIC Premium Payable
Pag-ibig Premium Payable
Withholding tax payables
E. Madelo, Capital 669,358.00
E. Madelo, Drawing
Sales 270,000.00
Sales Discounts
Sales Returns and Allowances
Purchases
Purchase Discounts 12,000.00
Purchase Returns and Allowances
Freight In
Salaries and Wages 32,000.00
Taxes and Licenses
Freight Out 2,450.00
Utilities Expense
SSS Contribution
Philhealth Contribution
Pag-ibig Contribution

TOTAL ₱ 1,150,240.00 ₱ 1,150,240.00