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Adjusted Adjusted Trial Balance Income Statement Balance

This document shows the unadjusted trial balance, adjusted trial balance, income statement, and adjusted balance of a company. The unadjusted trial balance lists debit and credit amounts for asset, liability, and equity accounts. Adjustments are made for bad debts, insurance, supplies, and rent expenses. The adjusted trial balance and income statement reflect these adjustments. The income statement shows revenues, expenses, and net income. The adjusted balance carries the net income amount to reflect the updated balance sheet value.

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148 views1 page

Adjusted Adjusted Trial Balance Income Statement Balance

This document shows the unadjusted trial balance, adjusted trial balance, income statement, and adjusted balance of a company. The unadjusted trial balance lists debit and credit amounts for asset, liability, and equity accounts. Adjustments are made for bad debts, insurance, supplies, and rent expenses. The adjusted trial balance and income statement reflect these adjustments. The income statement shows revenues, expenses, and net income. The adjusted balance carries the net income amount to reflect the updated balance sheet value.

Uploaded by

drea
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

UNADJUSTED TRIAL BALANCE ADJUSTED ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE

PARTICULARS DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Cash ₱935,300.00 ₱935,300.00 ₱935,000.00
Accounts Receivable ₱21,000.00 ₱21,000.00 ₱21,000.00
Allowance for Doubtful Account ₱4,000.00 ₱2,100.00 ₱6,100.00 ₱40,000.00 ₱6,100.00
Inventory ₱40,000.00 ₱40,000.00 ₱16,000.00
Prepaid Insurance ₱24,000.00 ₱8,000.00 ₱16,000.00 ₱500.00
Supplies ₱4,000.00 ₱3,500.00 ₱500.00 ₱300,000.00
Land ₱300,000.00 ₱300,000.00 ₱60,000.00
Prepaid Rent ₱120,000.00 ₱60,000.00 ₱60,000.00 ₱113,000.00
Accounts Payable ₱113,000.00 ₱113,000.00 ₱10,000.00
Mortage Payable ₱10,000.00 ₱10,000.00 ₱4,000.00
Interset Payable ₱4,000.00 ₱4,000.00 ₱667,000.00
AMV Capital ₱667,000.00 ₱667,000.00 ₱25,000.00
AMV Drawing ₱25,000.00 ₱25.000.00
Sales ₱1,050,000.00 ₱1,050,000.00 ₱1,050,000.00
Sales Return and Allowance ₱1,000.00 ₱1,000.00 ₱1,000.00
Sales Discounts ₱200.00 ₱200.00 ₱200.00
Purchase ₱252,000.00 ₱252,000.00 ₱252,000.00
Freight-in ₱4,000.00 ₱4,000.00 ₱4,000.00
Freight-out ₱6,000.00 ₱6,000.00 ₱6,000.00
Purchase Discounts ₱500.00 ₱500.00 ₱500.00
Purchase Return and Allowance ₱5,000.00 ₱5,000.00 ₱5,000.00
Utilities Expenses ₱30,000.00 ₱30,000.00 ₱30,000.00
Salary Expenses ₱83,000.00 ₱83,000.00 ₱83,000.00
Adjustments:
Bad Debts Expenses ₱2,100.00 ₱2,100.00 ₱2,100.00
Insurance Expense ₱8,000.00 ₱8,000.00 ₱8,000.00
Supplies Expenses ₱3,500.00 ₱3,500.00 ₱3,800.00
Rent Expenses ₱60,000.00 ₱60,000.00 ₱60,000.00
₱1,849,500.00 ₱1,849,500.00 ₱73,600.00 ₱73,600.00 ₱1,851,600.00 ₱489,800.00 ₱1,050,000.00 ₱1,361,800.00 ₱796,100.00
₱565,700.00 ₱565,700.00
₱1,055,500.00 ₱1,055,500.00 ₱1,401,800.00 ₱1,401,800.00

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