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    Sample Worksheet

    Uploaded by

    John Carl Chavez

    Copyright:

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

    Sample Worksheet

    Uploaded by

    John Carl Chavez
    9 views2 pages

    Original Title

    Sample-Worksheet

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    © © All Rights Reserved

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    Copyright:

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

    Sample Worksheet

    Uploaded by

    John Carl Chavez

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    GGG Company

    Worksheet
    For the month ended August 31, 2022
    (in Philippine Peso)

    Acct No. Account Title Unadjusted Trial Balance Adjustments


    Dr. Cr. Dr. Cr.
    110 Cash 210,000
    120 Accounts Receivable 160,000
    130 Merchandise Inventory 40,000
    140 Office Supplies 22,000 (a) 4,000
    150 Prepaid Rent 30,000 (b) 10,000
    160 Equipment 180,000
    165 Accumulated Depreciation © 2,900
    210 Accounts Payable 80,000
    220 Salaries Payable 18,000 (d) 23,000
    230 Interest Payable (f) 3,000
    240 Loans Payable 300,000
    310 GGG, Capital 150,000
    320 GGG, Withdrawals 85,000
    410 Sales 820,000
    510 Purchases 450,000
    520 Salaries expense 130,000 (d) 23,000
    530 Office Supplies expense 5,000 (a) 4,000
    540 Rent expense (b) 10,000
    550 Light and Water expense 15,000
    560 Advertising expense 6,000
    570 Taxes and Licenses expense 35,000
    580 Interest expense (f) 3,000
    590 Depreciation expense © 2,900
    Totals 1,368,000.00 1,368,000.00 42,900.00 42,900.00
    Profit for the Period

    Adjustments:
    a. It was determined that the unused supplies at the end of the period amounted to P18,000.
    b. The prepaid rent covers 3 months rent beginning August 1, 2022
    c. The equipment was acquired on August 1, 2022. It has an estimated salvage value of P6,000 and useful life of 5 y
    d. Accrued salaries at the end of the month amounted to P23,000.
    e. Merchandise inventory at the end of the month amounted to P75,000
    f. The loan was acquired on August 1, 2022 which is due in 6 months and interest of 12% per year.
    Company
    orksheet
    nded August 31, 2022
    ippine Peso)

    Adjusted Trial Balance Income Statement Balance Sheet


    Dr. Cr. Dr. Cr. Dr. Cr.
    210,000 210,000
    160,000 160,000
    40,000 40,000 75,000 75,000
    18,000 18,000
    20,000 20,000
    180,000 180,000
    2900 2900
    80,000 80,000
    41,000 41,000
    3,000 3,000
    300,000 300,000
    150,000 150,000
    85,000 85,000
    820,000 820,000
    450,000 450,000
    153,000 153,000
    9,000 9,000
    10,000 10,000
    15,000 15,000
    6,000 6,000
    35,000 35,000
    3,000 3,000
    2,900 2,900
    1,396,900.00 1,396,900.00 723,900.00 895,000.00 748,000.00 576,900.00
    171,100.00 171,100.00
    895,000.00 895,000.00 748,000.00 748,000.00

    of P6,000 and useful life of 5 years.

    2% per year.

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