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    Particulars Unadjusted Trial Balance Adjustments

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    Veranice
    This document contains an unadjusted trial balance, adjustments, and an adjusted trial balance for a trucking company owned by E. Mabilis. It shows account balances before and after adjustments including an increase to accounts receivable, decreases to cash from various expenses, and reclassification of various equipment as assets. The net income for the period is ₱18,890.

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    Particulars Unadjusted Trial Balance Adjustments

    Uploaded by

    Veranice
    451 views6 pages
    This document contains an unadjusted trial balance, adjustments, and an adjusted trial balance for a trucking company owned by E. Mabilis. It shows account balances before and after adjustments including an increase to accounts receivable, decreases to cash from various expenses, and reclassification of various equipment as assets. The net income for the period is ₱18,890.

    Original Description:

    Worksheet

    Original Title

    Worksheet 1

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    This document contains an unadjusted trial balance, adjustments, and an adjusted trial balance for a trucking company owned by E. Mabilis. It shows account balances before and after adjustments including an increase to accounts receivable, decreases to cash from various expenses, and reclassification of various equipment as assets. The net income for the period is ₱18,890.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    451 views6 pages

    Particulars Unadjusted Trial Balance Adjustments

    Uploaded by

    Veranice
    This document contains an unadjusted trial balance, adjustments, and an adjusted trial balance for a trucking company owned by E. Mabilis. It shows account balances before and after adjustments including an increase to accounts receivable, decreases to cash from various expenses, and reclassification of various equipment as assets. The net income for the period is ₱18,890.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Particulars Unadjusted Trial Balance Adjustments

    Dr Cr Dr Cr
    Cash ₱49,330 ₱9,490
    Accounts Receivable ₱12,600 ₱30,800
    Furniture & Fixtures ₱68,000
    Delivery Trucks ₱2,150,000
    Mortgage Payable ₱2,114,000 ₱36,000
    E. Mabilis, Capital ₱150,000 ₱100,000
    E. Mabilis, Drawing ₱25,000 ₱2,500
    Trucking Service Fees ₱180,500 ₱46,800
    Gas and Oil Expense ₱26,500 ₱15,680
    Salaries Expense ₱40,250 ₱36,660
    Utilities Expense ₱3,680
    Office Supplies Expense ₱14,400
    Insurance Expense ₱36,000
    Taxes and Licenses Expense ₱18,740
    TOTAL ₱2,444,500 ₱2,444,500
    ADJUSTMENTS
    Notes Receivable ₱10,000
    Trucking Tools ₱8,150
    Office Equipment ₱50,000
    Office Supplies ₱2,125
    Accounts Payable ₱2,125
    Notes Payable ₱50,000
    Repair & Maintenance Expense ₱16,500
    TOTAL ₱208,415 ₱208,415
    NET INCOME (LOSS)
    TOTAL
    Adjusted Trial Balance Income Statement Balance Sheet
    Dr Cr Dr Cr Dr Cr
    ₱39,840 ₱39,840
    ₱43,400 ₱43,400
    ₱68,000 ₱68,000
    ₱2,150,000 ₱2,150,000
    ₱2,078,000 ₱2,078,000
    ₱250,000 ₱250,000
    ₱27,500 ₱27,500
    ₱227,300 ₱227,300
    ₱42,180 ₱42,180
    ₱76,910 ₱76,910
    ₱3,680 ₱3,680
    ₱14,400 ₱14,400
    ₱36,000 ₱36,000
    ₱18,740 ₱18,740

    10000 ₱10,000
    8150 ₱8,150
    50000 ₱50,000
    2125 ₱2,125
    2125 ₱2,125
    50000 ₱50,000
    16500 ₱16,500
    ₱2,607,425 ₱2,607,425 ₱208,410 ₱227,300 ₱2,399,015 ₱2,380,125
    ₱18,890 ₱18,890
    ₱227,300 ₱227,300 ₱2,399,015 ₱2,399,015
    Aug 1 Trucking Tools 8150
    Cash 8150

    1 Cash 100000
    E. Mabilis, Capital 100000

    2 Accounts Receivable 36800


    Trucking Service Fees 36800

    6 Repair & Maintenance Exp. 16500


    Cash 16500

    15 Gas and Oil Expense 12680


    Cash 12680

    16 Notes Receivable 10000


    Trucking service Fees 10000

    16 Gas and Oil Expense 3000


    Cash 3000

    18 Cash 6000
    Accounts Receivable 6000

    20 Office Equipment 50000


    Notes Payable 50000

    31 Mortgage Payable 36000


    Cash 36000

    31 Salaries Expense 36660


    Cash 36660

    31 Office Supplies 2125


    Trucking Tools Cash
    8150 bal 8150
    100000 16500
    6000 12680
    3000
    36000
    36660
    2500
    106000 115490
    Bal

    E, Mabilis Capital Accounts Receivable Trucking Service Fees


    bal 100000 36800 6000 36800
    30800 bal 10000
    bal 46800

    Repairs & Maintenance ExpenseGas and Oil Expense Notes Receivable


    16500 bal 12680 10000 bal
    3000
    15680 bal

    Office Equipment Notes Payable Mortgage Payable


    50000 bal bal 50000 36000 bal

    Salaries Expense Office Supplies Accounts Payable


    36660 bal 2125 bal bal 2125

    E. Mabilis, Drawing
    2500

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