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    Book 1

    Uploaded by

    Laika Durada
    This document is an unadjusted trial balance, adjustments, and financial statements for Dores Marie Pateno Hobby Shop for December 31, 2023. It shows account titles and balances for assets, liabilities, equity, income and expense accounts. After adjustments for prepaid rent, salaries payable, and depreciation expense, it shows the adjusted trial balance, income statement and balance sheet with ending net income of $870,000.

    Copyright:

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

    Book 1

    Uploaded by

    Laika Durada
    155 views2 pages
    This document is an unadjusted trial balance, adjustments, and financial statements for Dores Marie Pateno Hobby Shop for December 31, 2023. It shows account titles and balances for assets, liabilities, equity, income and expense accounts. After adjustments for prepaid rent, salaries payable, and depreciation expense, it shows the adjusted trial balance, income statement and balance sheet with ending net income of $870,000.

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    Book1

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    This document is an unadjusted trial balance, adjustments, and financial statements for Dores Marie Pateno Hobby Shop for December 31, 2023. It shows account titles and balances for assets, liabilities, equity, income and expense accounts. After adjustments for prepaid rent, salaries payable, and depreciation expense, it shows the adjusted trial balance, income statement and balance sheet with ending net income of $870,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    155 views2 pages

    Book 1

    Uploaded by

    Laika Durada
    This document is an unadjusted trial balance, adjustments, and financial statements for Dores Marie Pateno Hobby Shop for December 31, 2023. It shows account titles and balances for assets, liabilities, equity, income and expense accounts. After adjustments for prepaid rent, salaries payable, and depreciation expense, it shows the adjusted trial balance, income statement and balance sheet with ending net income of $870,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Dores Marie Pateno Hobby Shop

    31-Dec-23
    Account Titles Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
    DR CR DR CR DR CR DR CR DR
    Cash P 100,000 100,000 100,000
    Accounts Receivable 500,000 500,000 500,000
    Merchandise Inventory 700,000 700,000 700,000 500,000 500,000
    Prepaid Rent 300,000 100,000 200,000 200,000
    Shop Equipment 1,600,000 1,600,000 1,600,000
    Accumulated Depreciation P 200,000 200,000 400,000
    Accounts Payable 400,000 400,000
    Pateno, Capital 1,300,000 1,300,000
    Pateno, Withdrawals 100,000 100,000 100,000
    Sales 2,900,000 2,900,000 2,900,000
    Sales Discounts 100,000 100,000 100,000
    Purchases 800,000 800,000 800,000
    Purchases Returns and Allowances 200,000 200,000 200,000
    Transportation In 100,000 100,000 100,000
    Salaries Expense 400,000 30,000 430,000 430,000
    Adverstising Expense 150,000 150,000 150,000
    Utilities Expense 100,000 100,000 100,000
    Supplies Expense 50,000 50,000 50,000
    TOTALS P5,000,000 P5,000,000
    Salaries Payable a.30000 30,000
    Rent Expense b.100000 100,000 100,000
    Depreciation Expense c.200000 200,000 200,000
    NET INCOME 5,230,000 2,730,000 3,600,000 3,000,000
    870,000
    2,730,000 2,730,000 3,000,000
    Balance Sheet
    CR

    400,000
    400,000
    1,300,000

    30,000

    2,130,000
    870,000
    3,000,000

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