Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd
Upload
160 views6 pages

Name: Edmalyn R. Canton - BSA 1 - BE 302 Morning Subject/course: 892 - Acc 111 Activity 34

Uploaded by

Adam Cuenca

This document is an accounting worksheet for Ga Bookstore for December 31, 2019. It includes the unadjusted trial balance, adjustments, adjusted trial balance, income statement, and balance sheet. The unadjusted trial balance lists asset, liability, capital, revenue and expense accounts. Adjustments are then made and the adjusted trial balance, income statement and balance sheet are presented. The income statement shows net income of $478,000 and the balance sheet shows total assets of $1,400,000 and total liabilities and capital of $1,400,000.

Copyright:

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

Name: Edmalyn R. Canton - BSA 1 - BE 302 Morning Subject/course: 892 - Acc 111 Activity 34

Uploaded by

Adam Cuenca
160 views6 pages
This document is an accounting worksheet for Ga Bookstore for December 31, 2019. It includes the unadjusted trial balance, adjustments, adjusted trial balance, income statement, and balance sheet. The unadjusted trial balance lists asset, liability, capital, revenue and expense accounts. Adjustments are then made and the adjusted trial balance, income statement and balance sheet are presented. The income statement shows net income of $478,000 and the balance sheet shows total assets of $1,400,000 and total liabilities and capital of $1,400,000.

Original Title

Activity 34

Copyright

© © All Rights Reserved

Available Formats

XLSX, PDF, TXT or read online from Scribd

Did you find this document useful?

Is this content inappropriate?

This document is an accounting worksheet for Ga Bookstore for December 31, 2019. It includes the unadjusted trial balance, adjustments, adjusted trial balance, income statement, and balance sheet. The unadjusted trial balance lists asset, liability, capital, revenue and expense accounts. Adjustments are then made and the adjusted trial balance, income statement and balance sheet are presented. The income statement shows net income of $478,000 and the balance sheet shows total assets of $1,400,000 and total liabilities and capital of $1,400,000.

Copyright:

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

Name: Edmalyn R. Canton - BSA 1 - BE 302 Morning Subject/course: 892 - Acc 111 Activity 34

Uploaded by

Adam Cuenca
This document is an accounting worksheet for Ga Bookstore for December 31, 2019. It includes the unadjusted trial balance, adjustments, adjusted trial balance, income statement, and balance sheet. The unadjusted trial balance lists asset, liability, capital, revenue and expense accounts. Adjustments are then made and the adjusted trial balance, income statement and balance sheet are presented. The income statement shows net income of $478,000 and the balance sheet shows total assets of $1,400,000 and total liabilities and capital of $1,400,000.

Copyright:

© All Rights Reserved
Download as XLSX, PDF, TXT or read online from Scribd
Download as xlsx, pdf, or txt
You are on page 1/ 6

Name: Edmalyn R.

Canton - BSA 1 - BE 302 Morning


Subject/course: 892 - Acc 111

ACTIVITY 34

Ga Bookstore
Accounting Worksheet
December 31 2019
Account Name Unadjusted Trial Balance #
Debit Credit
Cash 420,000
Petty Cash Fund 5,000
Accounts Receivable 250,000
Allowance for Doubtful Account 10,000 a.
Merchandise Inventory 591,500
Prepaid Insurance - c.
Prepaid Rent - f.
Furniture and Equipment 400,000
Accumulated Depreciation - F &E 120,000 b.
Accounts Payable 220,000
SSS/PHIC/Pag-Ibig premium payable 10,000
Withholding Taxes Payable 2,000
Salaries Payable - d.
Taxes Payable - e.
VM, Capital 500,000
VM, Withdrawals 50,000
Sales 2,799,000
Sales Returns & Allowances 30,000
Sales Discounts 45,000
Purchases 1,570,000
Purchases Returns & Allowances 20,000
Purchase Discount 60,000
Freight-in 5,000
Salaries Expense 220,000 d.
Rent Expense 110,000 f.
Taxes and Licenses 7,500 e.
Insurance Expense 12,000 c.
SSS/PHIC/Pag-Ibig contribution Expense 25,000
Doubtful Accounts Expense - a.
Depreciation Expense - b.
TOTAL 3,741,000 3,741,000
Net Income
GRAND TOTAL
Adjustments Adjusted Trial Balance Income Statement
Debit Credit Debit Credit Debit
420,000
5,000
250,000
5,000 15,000
591,500 591,500
5,000 5,000
20,000 20,000
400,000
40,000 160,000
220,000
10,000
2,000
12,000 12,000
3,000 3,000
500,000
50,000
2,799,000
30,000 30,000
45,000 45,000
1,570,000 1,570,000
20,000
60,000
5,000 5,000
12,000 232,000 232,000
20,000 90,000 90,000
3,000 10,500 10,500
5,000 7,000 7,000
25,000 25,000
5,000 5,000 5,000
40,000 40,000 40,000
85,000 85,000 3,801,000 3,801,000 2,651,000
478,000
3,129,000
come Statement Balance Sheet
Credit Debit Credit
420,000
5,000
250,000
15,000
250,000 250,000
5,000
20,000
400,000
160,000
220,000
10,000
2,000
12,000
3,000
500,000
50,000
2,799,000

20,000
60,000

3,129,000 1,400,000 922,000


0 0 478,000
3,129,000 1,400,000 1,400,000

You might also like