Date Particulars PR Debit Credit

1-Apr Cash $77,300.00

Deposit For Rent $50,000.00
Prepaid Insurance $2,200.00
Printing Materials and Supplies $1,000.00
Office Supplies 500
Computer Equipments $252,000.00
Furniture Fixture $42,000.00
Accum. Dep'n - Computer Equipment $60,000.00
Accum. Dep'n - Furniture & Fixture $500.00
Account Payable $22,000.00
Percentage Tax Payable $1,500.00
Unearned Professional Fees $15,000.00
Owner's Equity - G.G Gabriel $380,000.00

DISRECARD THI
RD THIS SHEET
Date Particulars PR Debit Credit
2-Apr Account Payable 201 $22,000.00
Cash 101 $22,000.00
To record the paid Furn. & Fixture in account From Aircool Company

2-Apr Printing Materials & Supplies 105 $1,000.00

Cash 101 $1,000.00
To record the bought printing materials & Supplies

3-Apr Office Supplies 106 $1,000.00

Cash 101 $1,000.00
To record The bought office supplies

7-Apr Cash 101 $15,000.00

Unearned Professional Fee 205 $15,000.00
Professional Fee 401 $30,000.00
To record the full payment from fines Gold pawnshop (rendered)

14-Apr Cash 101 $12,500.00

Internet & Other Services 402 $12,500.00
To record the collection of Internet & Other Services

17-Apr Precentage Tax Payable 204 $1,500.00

Cash 101 $1,500.00
To record the remitted to BIR Authorized Agent Bank

20-Apr Account Receivable 102 $20,000.00

Professional Fees 401 $20,000.00
To record the bill to Tiffany Clothing Coporation

27-Apr Cash 101 $20,000.00

Account Receivable 102 $20,000.00
To record the collection from Tiffany Clothing Corporation

27-Apr Cash 101 $21,000.00

Professional Fees 401 $21,000.00
To record the repair & system installation 3,000 each; collected 21,000

28-Apr Cash 101 $14,500.00

Internet & Other fees 402 $14,500.00
To record the received internet and other fees

28-Apr Expense - Communication, light & water 505 $6,120.00

 Cash 101 $6,120.00
To record the Paid telephone, electrical and water bill

30-Apr Drawing - G.G Gabriel 302 $15,000.00

Cash 101 $15,000.00
To record the Withhdrawal

30-Apr Direct Charges - Materials, Supplies & Facilities 502 $3,000.00

Direct Charges - Rental 504 $5,000.00
Cash 101 $8,000.00
To record the paid Facility charges and rent

30-Apr Direct Charges - Salaries, Wages & Benefits 501 $12,116.00

Cash 101 $10,286.00
SSS/Phealth/HDMF Premium Payable 202 $1,830.00
To record the Paid Salary foth month with tax exempt

30-Apr Cash 101 $20,000.00

Unearned professional Fee 205 $20,000.00
To record the advance payment 50% from Green Dollar
 COMPUTER.SYSTEM.NET
Trial Balance
For the Month Ended April 30, 20xx
Particulars PR Debit Credit
Cash 101 ₱ 115,394.00
Account Receivable 102
Deposit for rent 103 50,000.00
Prepaid Insurance 104 2,200.00
Printing Materials and Supplies 105 2,000.00
Office Supplies 106 1,500.00
Computer Equipments 107 252,000.00
Accum. Dep'n - Computer Equipments 108 ₱ 6,000.00
Furniture & Fixture 109 42,000.00
Accum. Dep'n - Furniture & Fixture 110 500.00
Account Payable 201
SSS/Phealth/HDMF Premium Payable 202 1,830.00
Withholding Tax payable 203
Percentage Tax Payable 204
Unearned Professional Fees 205 20,000.00
Owner's Equity - G.G Gabriel 301 380,000.00
Drawing - G.G Gabriel 302 15,000.00
Income & Expense Summary 303
Professional Fees 401 71,000.00
Internet & Other fees 402 27,000.00
Direct Charges - Salaries, Wages and benefits 501 12,116.00
Direct Charges - Materials, Supplies & Facilities 502 3,000.00
Direct Charges - Dep'n, Computer Equipment 503
Direct Charges - Rental 504 5,000.00
Expense - Communication, Light & water 505 6,120.00
Expense - Dep'n Furniture & Fixtures 506
Expense - Insurance 507
Expense - Office Supplies 508
Expense - Taxes & Licenses 509
₱ 506,330.00 ₱ 506,330.00
Date Particulars PR Debit Credit
30-Apr Professional Fee 401 ₱ 9,000.00
Unearned Professional Fee 205 ₱ 9,000.00

30-Apr Direct Charges - Dep'n. Computer Equipment 503 6,000.00

Accum. Dep'n Computer equipment 108 6,000.00

30-Apr Expense - Dep'n. Furniture Fixture 506 500.00

Accum. Dep'n. Furniture & Fixture 110 500.00

30-Apr Direct chrages - Materials, supplies & Facilities 502 1,500.00

Printing Materials and Supplies 105 1,500.00

30-Apr Expense - Office Supplies 508 750.00

Office Supplies 106 750.00

30-Apr Expense - Insurance 507 200.00

Prepaid Insurance 104 200.00

30-Apr Expense - Taxes & Licenses 509 890.00

Precentage Tax Liability 204 890.00
Account Title: Unadjusted Trial Balace
Debit Credit
Cash ₱ 115,394.00
Account Receivable
Deposit for rent 50,000.00
Prepaid Insurance 2,200.00
Printing Materials and Supplies 2,000.00
Office Supplies 1,500.00
Computer Equipments 252,000.00
Accum. Dep'n - Computer Equipments ₱ 6,000.00
Furniture & Fixture 42,000.00
Accum. Dep'n - Furniture & Fixture 500.00
Account Payable
SSS/Phealth/HDMF Premium Payable 1,830.00
Withholding Tax payable
Percentage Tax Payable
Unearned Professional Fees 20,000.00
Owner's Equity - G.G Gabriel 380,000.00
Drawing - G.G Gabriel 15,000.00
Income & Expense Summary
Professional Fees 71,000.00
Internet & Other fees 27,000.00
Direct Charges - Salaries, Wages and benefits 12,116.00
Direct Charges - Materials, Supplies & Facilities 3,000.00
Direct Charges - Dep'n, Computer Equipment
Direct Charges - Rental 5,000.00
Expense - Communication, Light & water 6,120.00
Expense - Dep'n Furniture & Fixtures
Expense - Insurance
Expense - Office Supplies
Expense - Taxes & Licenses
Total: 506,330.00 506,330.00
Net Income
Totals:
 Quality Auto Repair Shop
Worksheet
December, 200c

Adjustment Adjusted Trial Balance Income Statement

Debit Credit Debit Credit Debit
₱ 115,394.00

50,000.00
200.00 2,000.00
1,500.00 500.00
750.00 750.00
252,000.00
6,000.00 12,000.00
42,000.00
500.00 1,000.00

1,830.00

890.00 890.00
9,000.00 29,000.00
380,000.00
15,000.00

9,000.00 62,000.00
27,000.00
12,116.00 12,116.00
1,500.00 4,500.00 4,500.00
6,000.00 6,000.00 6,000.00
5,000.00 5,000.00
6,120.00 6,120.00
500.00 500.00 500.00
200.00 200.00 200.00
750.00 750.00 750.00
890.00 890.00 890.00
18,840.00 18,840.00 513,720.00 513,720.00 36,076.00
52,924.00
89,000.00
Income Statement Balance Sheet
Credit Debit Credit
₱ 115,394.00

50,000.00
2,000.00
500.00
750.00
252,000.00
12,000.00
42,000.00
1,000.00

1,830.00

890.00
29,000.00
380,000.00
15,000.00

62,000.00
27,000.00

89,000.00 477,644.00 424,720.00

52,924.00
477,644.00
 COMPUTER.SYSTEM.NET
Statement of Income
For the Month Ended April 30, 20xx

Service revenue:
Professiona Fees ₱ 62,000.00
Internet and Other Fees 27,000.00 ₱ 89,000.00
Lest:Cost of Service
Direct Charges - Salaries, Wages & Benefits 12,116.00
Direct Charges - Materials, Supplies & Facilities 4,500.00
Direct Charges - Depr, Computer Equipments 6,000.00
Direct Charges - Rental 5,000.00 27,616.00

Gross Income 61,384.00

Less: Operating Enpenses

Expense - Communication, Light & Water 6,120.00
Expenses - Dep'n., Furniture & Fixture 500.00
Expense - Insurance 200.00
Expense - Office Supplies 750.00
Epense - Taxes & Licenses 890.00 8,460.00

Net Income 52,924.00

 COMPUTER.SYSTEM.NET
Statement of Changes In Equity
For the Month Ended April 30, 20xx

Owner's Equity, Beginning 380,000.00

Add: Net income 52,924.00
Less: Drawing 15,000.00 432,924.00
Owner's Equity, end ₱ 417,924.00

COMPUTER.SYSTEM.NET
Statement of Financial Position
For the Month Ended April 30, 20xx
Assets
Current Assters:
Cash 115,394.00
Account Recievable
Deposit for rent 50,000.00
Prepaid Insurance 2,000.00
Printing Materials & Supplies 500.00
Office Supplies 750.00
Non - Current Asstes:
Computer Equipments 252,000.00
Less:Accum. Depr. - Computer Equipments 12,000.00
Furniture & Fixture 42,000.00
Less: Accum. Depr. - Furniture & fixture 1,000.00
Total Assets: 449,644.00

Liabilities
Current Liabilities:
Account Payable
SSS/Phealth/HDMF Premium Payable 1,830.00
Withholding tax Payable
Percentage Tax Payable 890.00
Unearned Professional Fees 29,000.00
Non - Current Liabilities:

Owner's Equity, G.G Gabriel: 417,924.00

Total Liabilities and Owner's Equity: 449,644.00

 COMPUTER.SYSTEM.NET
Statement of Financial Position
For the Month Ended April 30, 20xx
Cash Flow From Operating Activities:
Cash Received from Customer 103,000.00
Cash paid for cost of services (19,286.00)
Cash Paid for Operating expenditures (8,620.00)
Cash paid for rent deposit -

Cash Flow from Investing Activities:

Purchased of Computer Sets -
Purchased of Furniture & Fixture (22,000.00)

Cash Flow from Financing Activities:

Equity of G. G Gabriel
G.G. Gabriel drawing (15,000.00)

Increase (Decreases) in cash: 38,094.00

Add: Cash Balance, Beginning 77,300.00
Cash, End: 115,394.00
Date Particulars PR Debit Credit
30-Apr Professional Fees 401 $ 62,000.00
Internet & Other fees 402 $ 27,000.00
Income & Expense Summary 303 $ 89,000.00

Income & Expense Summary 303 $ 36,076.00

Direct Charges - Salaries, Wages and benefits 501 12,116.00
Direct Charges - Materials, Supplies & Facilities 502 4,500.00
Direct Charges - Dep'n, Computer Equipment 503 6,000.00
Direct Charges - Rental 504 5,000.00
Expense - Communication, Light & water 505 6,120.00
Expense - Dep'n Furniture & Fixtures 506 500.00
Expense - Insurance 507 200.00
Expense - Office Supplies 508 750.00
Expense - Taxes & Licenses 509 890.00

Income & Expense Summary 303 $ 52,924.00

Owner's Equity - G.G Gabriel 301 $ 52,924.00

Owner's Equity - G.G Gabriel 301 $ 15,000.00

Drawing - G.G Gabriel 302 $ 15,000.00
 General Ledger
Account Title: Cash

Date: Particulars PR
April 1 Opening Entry
2 To record the paid on account from Air Cool Company
2 To record the Purchase of printing materials & Supplies
3 To record the purchase of Office Supplies
7 To record the full payment from finest gold pawnshop
14 To record the collection of Internet & Other Services
17 To record the remitted to BIR Authorized Agent Bank
27 To record the collection from Tiffany Clothing Corporation
27 To record the repair & system installation 3,000 each; collected 21,000
28 To record the received internet and other fees
28 To record the Paid telephone, electrical and water bill
28 To record the Withhdrawal
30 To record the paid Facility charges and rent
30 To record the Paid Salary foth month with tax exempt
30 To record the advance payment 50% from Green Dollar

Account Title: Account Receivable

Date: Particulars PR
April 20 To record the bill to Tiffany Clothing Coporation
27 To record the collection from Tiffany Clothing Corporation

Account Title: Deposit for Rent

Date: Particulars PR
April 1 Opening Entry

Account Title: Prepaid Insurance

Date: Particulars PR
April 1 Opening Entry
April 30 Adjusting Entry

Account Title: Printing Materials and Supplies

Date: Particulars PR
April 1 Opening Entry
2 To record the Purchase of printing materials & Supplies
 30 Adjusting Entry

Account Title: Office Supplies

Date: Particulars PR
April 1 Opening Entry
3 To record the purchase of Office Supplies
30 Adjusting Entry

Account Title: Computer Equipment

Date: Particulars PR
April 1 Opening Entry
Account Title: Accum. Dep'n Computer Equipment

Date: Particulars PR
April 1 Opening Entry
30 Adjusting Entry

Account Title: Furniture & Fixture

Date: Particulars PR
April 1 Opening Entry
Account Title: Accum. Dep'n - Furniture & Fixture

Date: Particulars PR
April 1 Opening Entry
30 Adjusting Entry
Assets: Liabilities:
Account Number: 101 Account Title:
Balance:
Debit Credit Debit Credit Date:
₱ 77,300.00 ₱ 77,300.00 April 1
₱ 22,000.00 55,300.00 2
1,000.00 54,300.00
1,000.00 53,300.00
15,000.00 68,300.00
12,500.00 80,800.00
1,500.00 79,300.00
20,000.00 99,300.00
21,000.00 120,300.00
14,500.00 134,800.00
6,120.00 128,680.00
15,000.00 113,680.00
8,000.00 105,680.00
10,286.00 95,394.00
20,000.00 115,394.00

Account Number: 102 Account Title:

Balance:
Debit Credit Debit Credit Date:
₱ 20,000.00 ₱ 20,000.00 April 30
₱ 20,000.00 -

Account Number: 103 Account Title:

 Balance:
Debit Credit Debit Credit Date:
₱ 50,000.00 ₱ 50,000.00 April 1

Account Number: 104 Account Title:

Balance:
Debit Credit Debit Credit Date:
₱ 2,200.00 ₱ 2,200.00 April 1
200.00 2,000.00 17
30

Account Number: 105 Account Title:

Balance:
Debit Credit Debit Credit Date:
₱ 1,000.00 ₱ 1,000.00 April 1
1,000.00 2,000.00 7
 1,500.00 500.00 30
30

Account Number: 106

Balance:
Debit Credit Debit Credit
₱ 500.00 ₱ 500.00
1,000.00 1,500.00
750.00 750.00

Account Number: 107

Balance:
Debit Credit Debit Credit
₱ 252,000.00 ₱ 252,000.00
Account Number: 108
Balance:
Debit Credit Debit Credit
₱ 6,000.00 ₱ 6,000.00
6,000.00 $ 12,000.00

Account Number: 109

Balance:
Debit Credit Debit Credit
₱ 42,000.00 ₱ 42,000.00
Account Number: 110
Balance:
Debit Credit Debit Credit
₱ 500.00 ₱ 500.00
500.00 $ 1,000.00
 Account Payable Account Number: 201
Balance:
Particulars PR Debit Credit
Opening Entry $ 22,000.00
To record the paid on account from Air Cool Company $ 22,000.00

SSS/Phealth/HDMF Premium Payable Account Number: 202

Balance:
Particulars PR Debit Credit
To record the Paid Salary foth month with tax exempt $ 1,830.00

Withholding Tax Payable Account Number: 203

 Balance:
Particulars PR Debit Credit

Percentage Tax Payable Account Number: 204

Balance:
Particulars PR Debit Credit
Opening Entry $ 1,500.00
To record the remitted to BIR Authorized Agent Bank $ 1,500.00
To record the adjusting Entry $ 890.00

Unearned Professional Fees Account Number: 205

Balance:
Particulars PR Debit Credit
Opening Entry $ 15,000.00
To record the full payment from finest gold pawnshop $ 15,000.00
To record the advance payment 50% from Green Dollar $ 20,000.00
Adjusting Entry $ 9,000.00
 Equity:
Account Title: Owner's Equity- G.G. Gabriel
Balance:
Debit Credit Date: Particulars
$ 22,000.00 April 1 Opening Entry
- 30 closing of net income
30 Closing of Drawing

Account Title: Drawing - G.G Gabriel

Balance:
Debit Credit Date: Particulars
$ 1,830.00 April 30 to record the withdrawal of cash

Account Title: Income & Expense Summary

Balance:
Debit Credit Date: Particulars
April 30 Closing Entry of Revenues
30 Closing Entry of Expense & Direct chargeses
30 Closing Entry of Net income

Balance:
Debit Credit
$ 1,500.00
-
$ 890.00

Balance:
Debit Credit
$ 15,000.00
-
$ 20,000.00
$ 29,000.00
 Income:
Account Number: 301 Account Title:
Balance:
PR Debit Credit Debit Credit Date:
$ 380,000.00 $ 380,000.00 April
$ 52,924.00 $ 432,924.00
$ 15,000.00 $ 417,924.00

Account Number: 302

Balance: Account Title:
PR Debit Credit Debit Credit
$ 15,000.00 $ 15,000.00 Date:
April

Account Number: 302

 Balance:
PR Debit Credit Debit Credit
$ 89,000.00 $ 89,000.00
$ 36,076.00 $ 52,924.00
$ 52,924.00 -
$ 89,000.00 $ 89,000.00
Income:
Account Title: Professional Fees Account Number: 401

Particulars PR Debit Credit

7 To record the full payment from finest gold pawnshop $ 30,000.00
20 To record the bill to Tiffany Clothing Coporation $ 20,000.00
27 To record the repair & system installation 3,000 each; collected 21,000 $ 21,000.00
30 Adjusting Entry $ 9,000.00
30 Closing Entry $ 62,000.00
$ 71,000.00 $ 71,000.00

Account Title: Internet and Other fees Account Number: 402

Particulars PR Debit Credit

14 To record the collection of Internet & Other Services $ 12,500.00
28 To record the received internet and other fees $ 14,500.00
30 Closing Entry $ 27,000.00
$ 27,000.00 $ 27,000.00
 Expense:
Account Title: Direct Charges - Salaries, Wages & b
Balance:
Debit Credit Date: Particulars
$30,000.00 April 30 To record the Paid Salary foth month with tax exe
$50,000.00 30 Closing Entry
$71,000.00
$62,000.00
-

Account Title: Direct Charges - Materials, Supplies &

Balance:
Debit Credit Date: Particulars
$12,500.00 April 30 To record the paid Facility charges and rent
$27,000.00 30 Adjusting Entry
- 30 Closing Entry

Account Title: Direct Charges - Dep'n. Computer Eq

Date: Particulars
April 30 Adjusting Entry
30 Closing Entry

Account Title: Direct Charges - Rental

Date: Particulars
April 30 To record the paid Facility charges and rent
30 Closing Entry

Account Title: Expense - Communication, Light & W

Date: Particulars
April 28 To record the Paid telephone, electrical and water
30 Closing Entry
Account Title: Expense - Dep'n Furniture & Fixture

Date: Particulars
April 30 Adjusting Entry
30 Closing Entry

Account Title: Expense - Insurance

Date: Particulars
April 30 Adjusting Entry
30 Closing Entry
Account Title: Expense - Office Supplies

Date: Particulars
April 30 Adjusting Entry
30 Closing Entry

Account Title: Expense - Taxes & Liscenses

Date: Particulars
April 30 Adjusting Entry
30 Closing Entry
harges - Salaries, Wages & benefits Account Number: 501
Balance:
PR Debit Credit Debit Credit
Salary foth month with tax exempt $ 12,116.00 $ 12,116.00
12,116.00 -
12,116.00 12,116.00

harges - Materials, Supplies & Facilitie Account Number: 502

Balance:
PR Debit Credit Debit Credit
acility charges and rent $ 3,000.00 $ 3,000.00
$ 1,500.00 $ 4,500.00
$ 4,500.00 -
$ 4,500.00 $ 4,500.00

harges - Dep'n. Computer Equipment Account Number: 503

 Balance:
PR Debit Credit Debit Credit
$ 6,000.00 $ 6,000.00
$ 6,000.00 -
$ 6,000.00 $ 6,000.00

harges - Rental Account Number: 504

Balance:
PR Debit Credit Debit Credit
acility charges and rent $ 5,000.00 $ 5,000.00
$ 5,000.00 -
$ 5,000.00 $ 5,000.00

- Communication, Light & Water Account Number: 505

Balance:
PR Debit Credit Debit Credit
telephone, electrical and water bill $ 6,120.00 $ 6,120.00
$ 6,120.00 -
$ 6,120.00 $ 6,120.00
- Dep'n Furniture & Fixture Account Number: 506
Balance:
PR Debit Credit Debit Credit
$ 500.00 $ 500.00
$ 500.00 -
$ 500.00 $ 500.00

- Insurance Account Number: 507

Balance:
PR Debit Credit Debit Credit
$ 200.00 $ 200.00
$ 200.00 -
$ 200.00 $ 200.00
- Office Supplies Account Number: 508
Balance:
PR Debit Credit Debit Credit
$ 750.00 $ 750.00
$ 750.00 -
$ 750.00 $ 750.00

- Taxes & Liscenses Account Number: 509

Balance:
PR Debit Credit Debit Credit
$ 890.00 $ 890.00
$ 890.00 -
$ 890.00 $ 890.00
 COMPUTER.SYSTEM.NET
Post Closing of Trial Balance
For the Month Ended April 30, 20xx
Particulars PR Debit Credit
Cash 101 115,394.00
Account Receivable 102
Deposit for rent 103 50,000.00
Prepaid Insurance 104 2,000.00
Printing Materials and Supplies 105 500.00
Office Supplies 106 750.00
Computer Equipments 107 252,000.00
Accum. Dep'n - Computer Equipments 108 12,000.00
Furniture & Fixture 109 42,000.00
Accum. Dep'n - Furniture & Fixture 110 1,000.00
Account Payable 201 -
SSS/Phealth/HDMF Premium Payable 202 1,830.00
Withholding Tax payable 203
Percentage Tax Payable 204 890.00
Unearned Professional Fees 205 29,000.00
Owner's Equity - G.G Gabriel 301 417,924.00
Drawing - G.G Gabriel 302
Income & Expense Summary 303
Professional Fees 401
Internet & Other fees 402
Direct Charges - Salaries, Wages and benefits 501
Direct Charges - Materials, Supplies & Facilities 502
Direct Charges - Dep'n, Computer Equipment 503
Direct Charges - Rental 504
Expense - Communication, Light & water 505
Expense - Dep'n Furniture & Fixtures 506
Expense - Insurance 507
Expense - Office Supplies 508
Expense - Taxes & Licenses 509
₱ 462,644.00 ₱ 462,644.00