Smart Merchandising Company
Trial Balance
For the Year ended December 31, 2012
Account Title
Cash
Accounts Receivable
Allowance for Bad Debts
Merchandise Inventory
Store Supplies
Office Equipment
Accumulated Depreciation Office Equipment
Store Furniture and Fixtures Accumulated Depreciation Store Furniture/Fixtures
Accounts Payable
Notes Payable
SSS Premium Payable
Withholding Taxes Payable
Philhealth Premium Payable
Tippie, Capital
Tippie, Drawing
Sales
Sales Returns and Allowances
Purchases
Purchase Returns & Allowances
Purchase Discount
Freight in
Rent Income
Salaries Expense
Insurance Expense
Interest Expense
Total
Trial
Balance
Debit
Credit
15,846.00
22,431.00
1,000.00
60,869.00
835.00
18,512.00
AJE
Debit
Credit
7,200.00
4,800.00
960.00
4,000.00
12,000.00
411.00
350.00
650.00
68,326.00
3,750.00
325,250.00
4,792.00
259,237.00
6,670.00
3,867.00
12,312.00
1,500.00
27,650.00
764.00
386.00
432,184.00
432,184.00
Trial
Balance
Balance
Debit
Sheet
Credit
Income Statement
Debit
Credit
NAME OF STUDENT: ______________________________________
CLASS SCHEDULE:______________________________
PART II. SET A PROBLEM
The trial balance of Smart Dreams Service Company at December 31, 2012, the
Yolie Company
Trial Balance
For the Year ended December 31, 2012
Trial
Account Title
Debit
Cash
396,000.00
Accounts Receivable
740,000.00
Supplies
12,000.00
Furnitures and fixtures
200,000.00
Accumulated depreciation Furnitures and fixtures
Building
500,000.00
Accumulated depreciation - Bldg.
Accounts Payable
Salary Payable
Unearned Service Revenue
Fred Santos, Capital
Fred Santos, Withdrawals
130,000.00
Service Revenue
Salary Expense
344,000.00
Supplies Expense
Depreciation Expense - Furn & Fix
Depreciation Expense - building
Miscellaneous Expense
26,000.00
2,348,000.00
Account Title
Cash
Accounts Receivable
Supplies
Furnitures and fixtures
Accumulated depreciation Furnitures and fixtures
Building
Accumulated depreciation - Bldg.
Accounts Payable
Salary Payable
Unearned Service Revenue
Fred Santos, Capital
Fred Santos, Withdrawals
Service Revenue
Salary Expense
Supplies Expense
Depreciation Expense - Furn & Fix
Depreciation Expense - building
Miscellaneous Expense
Trial
Debit
396,000.00
740,000.00
12,000.00
200,000.00
500,000.00
130,000.00
344,000.00
26,000.00
2,348,000.00
__________
DATE: _____________________
SCORE: ____________________
any at December 31, 2012, the end of its fiscal year, is presented below:
31, 2012
Balance
Credit
80,000.00
Date needed for the adjusting entries include:
a.)
b.)
c.)
d.)
e.)
f.)
260,000.00
760,000.00
90,000.00
586,000.00
1.)
572,000.00
2.)
3.)
4.)
2,348,000.00
Supplies on hand at year end, P 4,000.00
Depreciation on furniture and fixtures, P 40,000.00
Depreciation on building, P 20,000.00
Salaries owned but not yet paid, P 10,000.00
Accrued service revenue, P 24,000.00
Of the P 90,000 balance of Unearned service revenu
P 64,000.00 was earned during 2012.
Requirements:
Prepare journal entries and post the adjustments in t
worksheet below with proper extension of amounts f
the balance sheet and income statement.
Prepare the final trial balance.
Prepare Balance sheet.
Prepare Income Statement.
Balance
Credit
80,000.00
260,000.00
760,000.00
90,000.00
586,000.00
572,000.00
2,348,000.00
AJE
Debit
Credit
Trial Balance
Debit
Credit
Balance
Debit
below:
g entries include:
, P 4,000.00
fixtures, P 40,000.00
0,000.00
aid, P 10,000.00
4,000.00
nearned service revenue,
ng 2012.
ost the adjustments in the
extension of amounts for
e statement.
Sheet Income Statement
Credit
Debit
Credit
NAME OF STUDENT: ______________________________________
CLASS SCHEDULE: ________________________________________
PART II. SET B PROBLEM
The trial balance of Smart Dreams Service Company at December 31, 2012, the end of its fiscal year,
Yolie Company
Trial Balance
For the Year ended
December 31, 2012
Account Title
Cash
Accounts Receivable
Supplies
Furnitures and fixtures
Accumulated depreciation Furnitures and fixtures
Building
Accumulated depreciation - Bldg.
Accounts Payable
Salary Payable
Unearned Service Revenue
Fred Santos, Capital
Fred Santos, Withdrawals
Service Revenue
Salary Expense
Supplies Expense
Depreciation Expense - Furn & Fix
Depreciation Expense - building
Miscellaneous Expense
TRIAL BALANCE
Debit
Credit
396,000.00
740,000.00
12,000.00
200,000.00
80,000.00
500,000.00
260,000.00
760,000.00
90,000.00
586,000.00
130,000.00
572,000.00
344,000.00
26,000.00
2,348,000.00
2,348,000.00
Account Title
Cash
Accounts Receivable
Supplies
Furnitures and fixtures
Accumulated depreciation Furnitures and fixtures
Building
Accumulated depreciation - Bldg.
Accounts Payable
Salary Payable
Unearned Service Revenue
Fred Santos, Capital
Fred Santos, Withdrawals
Service Revenue
Salary Expense
Supplies Expense
Depreciation Expense - Furn & Fix
Depreciation Expense - building
Miscellaneous Expense
FOR THE MONTH OF DEC
Trial
Debit
396,000.00
740,000.00
12,000.00
200,000.00
Balance
Credit
80,000.00
500,000.00
260,000.00
760,000.00
90,000.00
586,000.00
130,000.00
572,000.00
344,000.00
26,000.00
2,348,000.00
432,184.00
2,348,000.00
DATE: _____________________
SCORE: ____________________
12, the end of its fiscal year, is presented below:
Date needed for the adjusting entries include:
a.)
b.)
c.)
d.)
e.)
f.)
1.)
2.)
3.)
4.)
Supplies on hand at year end, P 14,000.00
Depreciation on furniture and fixtures, P 20,000.00
Depreciation on building, P 10,000.00
Salaries owned but not yet paid, P 30,000.00
Accrued service revenue, P 48,000.00
Of the P 90,000 balance of Unearned service revenue,
P 34,000.00 was earned during 2012.
Requirements:
Prepare journal entries and post the adjustments in the
worksheet below with proper extension of amounts for
the balance sheet and income statement.
Prepare the final trial balance.
Prepare Balance sheet.
Prepare Income Statement.
AJE
Debit
Credit
Trial
Debit
Balance
Credit
Balance Sheet
Debit
Credit
Income Statement
Debit
Credit
