DAVAO LAUNDREY SERVICES

WORKSHEET
FOR THE MONTH ENDED 31 MARCH 20A

ACCOUNT TITLES UNADJUSTED TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE STATEMENT OF COMPREHENSIVE INCOME STATEMENT OF FINANCIAL POSITION

DR CR DR CR DR CR DR CR DR CR
Cash in Bank ₱ 743,000.00 ₱ 743,000.00 ₱ 743,000.00
Accounts Receivable 35,000.00 35,000.00 35,000.00
Laundry Supplies 90,000.00 b) ₱ 20,000.00 70,000.00 70,000.00
Laundry Equipment 150,000.00 150,000.00 150,000.00
Notes Payable ₱ 100,000.00 ₱ 100,000.00 ₱ 100,000.00
Accounts Payable 30,000.00 30,000.00 30,000.00
S. Santos, Capital 850,000.00 850,000.00 850,000.00
S. Santos, Drawing 10,000.00 10,000.00 10,000.00
Laundry Income 80,000.00 80,000.00 ₱ 80,000.00
Salaries Expense 10,000.00 10,000.00 ₱ 10,000.00
Rent Expense 5,000.00 5,000.00 5,000.00
Utilities Expense 12,000.00 12,000.00 12,000.00
Taxes and Licenses 4,000.00 4,000.00 4,000.00
Interest Expense 1,000.00 1,000.00 1,000.00
TOTAL ₱ 1,060,000.00 ₱ 1,060,000.00
ADJUSTMENTS
Uncollectible Accounts a) ₱ 350.00 350.00 350.00
Estimated Uncollectible Accounts a) 350.00 350.00 350.00
Laundry Supplies Expense b) 20,000.00 20,000.00 20,000.00
Depreciation Expense c) 2,500.00 2,500.00 2,500.00
Accumulated Depreciation c) 2,500.00 2,500.00 2,500.00
Advertising Expense d) 3,000.00 3,000.00 3,000.00
Accrued Advertising d) 3,000.00 3,000.00 3,000.00
TOTAL ₱ 25,850.00 ₱ 25,850.00 ₱ 1,065,850.00 ₱ 1,065,850.00 ₱ 57,850.00 ₱ 80,000.00 ₱ 1,008,000.00 ₱ 985,850.00
PROFIT 22,150.00 22,150.00
TOTAL ₱ 80,000.00 ₱ 80,000.00 ₱ 1,008,000.00 ₱ 1,008,000.00