Computer.Systems.

Net
Chart of Accounts

Account Title Acc No.

Assets Cash 101
Accounts Receivable 102
Deposit for Rent 103
Prepaid Insurance 104
Printing Materials and Supplies 105
Office Supplies 106
Computer Equipments 107
Accumulated Depreciation - Computer Equipments 108
Furniture and Fixtures 109
Accumulated Depreciation - Furniture and Fixtures 110
Liabilities Accounts Payable 201
SSS/Phealth/HDMF Premium Payable 202
Withholding Tax Payable 203
Percentage Tax Payable 204
Unearned Professional Fees 205
Equity Owner's Equity - G.G. Gabriel 301
Drawing - G.G. Gabriel 302
Income and Expense Summary 303
Income Professional Fees 401
Internet and Other Fees 402
Expense Direct Charges - Salaries, Wages and Benefits 501
Direct Charges - Materials, Supplies and Facilities 502
Direct Charges - Depreciation, Computer Equipments 503
Direct Charges - Rental 504
Expense - Communication, Light and Water 505
Expense - Depreciation, Furniture and Fixtures 506
Expense - Insurance 507
Expense - Office Supplies 508
Expense - Taxes and Licenses 509
General Journal
Date Particulars PR Debit
20xx
April 2 Accounts Payable 201 ₱ 22,000.00
Cash 101
To record payment on account, Air-Cool Company
#
2 Printing Materials and Supplies 105 1,000.00
Cash 101
To record printing materials and supplies
#
3 Office Supplies 106 1,000.00
Cash 101
To record office supplies
#
7 Cash 101 15,000.00
Unearned Professional Fees 205 15,000.00
Professional Fees 401
To record earned professional fee
#
14 Cash 101 12,500.00
Internet and Other Fees 402
To record internet and other fees
#
17 Percentage Tax Payable 204 1,500.00
Cash 101
To record tax payable
#
20 Accounts Receivable 102 20,000.00
Professional Fees 401
To record installed computer program on
account.
#
27 Cash 101 20,000.00
Accounts Receivable 102
To record collection of account
#
27 Cash 101 21,000.00
Unearned Professional Fees 201
To record advance payment of computers
#
28 Cash 101 14,500.00
Internet and Other Fees 402
To record internet and other fees
#
28 Expense - Communication, Light and Water 505 6,120.00
Cash 101
To record telephone bill, P1,000; electricity
bill, P4,800; and water bill, P320
#
28 Drawing - G.G. Gabriel 302 15,000.00
 Cash 101
To record withdrawal
#
30 Direct Charges - Materials, Supplies and Facilities 502 3,000.00
Direct Charges - Rental 504 5,000.00
Cash 101
To record internet and rent
#
30 Direct Charges - Salaries, Wages and Benefits 501 12,116.00
Direct Charges - Salaries, Wages and Benefits 501 1,144.00
Cash 101
SSS/Phealth/HDMF Premium Payable 201
To record salary for the month and SSS/Phealth/
HDMF Premium Payable
#
30 Cash 101 20,000.00
Unearned Professional Fee 201
To record advance payment of computer system
to Green Dollar
#

General Journal: Adjusting Entries

Date Particulars PR Debit
20xx
April 30 Unearned Professional Fees 205 ₱ 12,000.00
Professional Fee 401
To record unearned professional fees
#
Direct Charges - Depreciation, Computer Equipments 503 6,000.00
Accumulated Depreciation - Computer Equipments 108
To record depreciation expense, CE
#
Expense - Depreciation, Furniture and Fixtures 506 500.00
Accumulated Depreciation - Furniture and Fixtures 110
To record depreciation expense, F&F
#
Direct Charges - Materials, Supplies and Facilities 502 1,500.00
Printing Materials and Suppplies 105
To record used printing materials and supplies
#
Expense - Office Supplies 508 750.00
Office Supplies 106
To record office supplies used
#
Expense - Insurance 507 200.00
Prepaid Insurance 104
To record expired insurance
#
Expense - Taxes and Licenses 509 2,670.00
Percentage Tax Payable 204
 To record percentage tax for the month
#

General Journal: Closing Journal Entries

Date Particulars PR Debit
20xx
April 30 Professional Fees 401 62,000.00
Internet and Other Fees 401 27,000.00
Income and Expense Summary 303
To close income accounts
#
Income and Expense Summary 303 39,000.00
Direct Charges - Salaries, Wages and Benefits 501
Direct Charges - Materials, Supplies and Facilities 502
Direct Charges - Depreciation, Computer Equipments 503
Direct Charges - Rental 504
Expense - Communication, Light and Water 505
Expense - Depreciation, Furniture and Fixtures 506
Expense - Insurance 507
Expense - Office Supplies 508
Expense - Taxes and Licenses 509
To close expense accounts
#
Income and Expense Summary 303 50,000.00
Owner's Equity - G.G. Gabriel 301
To close income and expense summary account
#
Owner's Equity - G.G. Gabriel 301 15,000.00
Drawing - G.G. Gabriel 302
To close drawing account
#
 page no. 1
Credit

₱ 22,000.00

1,000.00

1,000.00

30,000.00

12,500.00

1,500.00

20,000.00

20,000.00

21,000.00

14,500.00

6,120.00
 15,000.00

8,000.00

P1144 all of employer share

11,430.00
1,830.00

20,000.00

page no. 2
Credit

₱ 12,000.00

6,000.00

500.00

1,500.00

750.00

200.00

2,670.00
 *kasama na ba yung 12k from unearned sa prof fee?
If oo, 62k ang total P.F. kaya ang tax ay 2,670
*Oo, kasama siya, included na yung sa adjusting
page no. 3
Credit

89,000.00

13,260.00
4,500.00
6,000.00
5,000.00
6,120.00
500.00
200.00
750.00
2,670.00

*Income minus sa expense, dapat same sa Income stement

50,000.00 value mo rito. Hindi kukunin sa Changes of Equity

15,000.00
General Ledger: Cash

Date Particulars PR Debit

20xx
Mar 1 Initial Capital, G.G. Gabriel J2 ₱ 375,000.00
1 Rent deposit J2
1 Business permit and Licenses J2
2 Chairs and Computer cabinets J2
2 15 sets computer and 2 printers J2
2 Printing materials and supplies J2
3 Office supplies J2
3 Insurance premium J2
14 Internet and other fees J3 ₱ 10,000.00
27 Collection from Manila prep. J3 ₱ 22,500.00
28 Telephone, electricy and water J3
29 Drawing, G.g. Gabriel J3
30 Internet and other fees J3 ₱ 17,500.00
31 Internet/Wifi, rent andsalary J3
31 Advance payment, Finest Gold J4 ₱ 15,000.00
April 2 Payment on account GJ-1
2 Printing materials and supplies GJ-1
3 Office supplies GJ-1
7 Professional Fees GJ-1 ₱ 15,000.00
14 Internet and other fees GJ-1 ₱ 12,500.00
17 Remitted percentage tax GJ-1
27 Collection on account GJ-1 ₱ 20,000.00
27 Advance payment of 7 laptop computers GJ-1 ₱ 21,000.00
28 Internet and other fees GJ-1 ₱ 14,500.00
28 Telephone, electricy and water GJ-1
28 Withdrawal GJ-1
30 Internet and rent GJ-1
30 Salary for the month GJ-1
30 50% Advance payment of computer system GJ-1 ₱ 20,000.00

General Ledger Accounts Receivable

Date Particulars PR Debit

20xx
Mar 20 Manila Preparatory School J3 ₱ 22,500.00
27 Collection, Manila prep school J3
April 20 Computer program on account GJ-1 ₱ 20,000.00
27 Collection of account

General Ledger Deposit for Rent

Date Particulars PR Debit

20xx
Mar 1 Rent deposit J2 ₱ 50,000.00

General Ledger Prepaid Insurance

 Date Particulars PR Debit
20xx
Mar 3 One year inurance premium J2 ₱ 2,400.00
31 Adj, Expired Insurance J4
April 30 Adj, Expired Insurance GJ-2

General Ledger Printing Materials and Supplies

Date Particulars PR Debit

20xx
Mar 2 Printing Materials and Supplies J2 ₱ 2,000.00
31 Adj, Expired, Printing materials J4
April 2 Printing Materials and Supplies GJ-1 1,000.00
30 Adj, Expired, Printing materials GJ-2

General Ledger Office Supplies

Date Particulars PR Debit

20xx
Mar 3 Office Supplies J2 ₱ 1,000.00
31 Adj, Expired, Office supplies used J4
April 3 Office Supplies GJ-1 1,000.00
30 Adj, Expired, Office supplies used GJ-2

General Ledger Computer Equipments

Date Particulars PR Debit

20xx
Mar 2 15 sets computer and 2 printers J2 ₱ 252,000.00

General Ledger Accum. DEPR. - Computer Equipments

Date Particulars PR Debit

20xx
Mar 31 Adj Entry, Depr. For the month J4
April 30 Adj Entry, Depr. For the month GJ-2

General Ledger Furnitures and Fixtures

Date Particulars PR Debit

20xx
Mar 2 One air-conditioned unit J2 ₱ 22,000.00
2 Chairs and computer cabinets J2 ₱ 20,000.00

General Ledger Accum. DEPR. - Furnitures and Fixtures

Date Particulars PR Debit

20xx
Mar 31 Adj Entry, Depr. For the month J4
April 30 Adj Entry, Depr. For the month GJ-2
General Ledger Accounts Payable

Date Particulars PR Debit

20xx
Mar 1 AirCoolCompany J2
April 2 AirCoolCompany GJ-1 ₱ 22,000.00

General Ledger SSS/PHEALTH/HDMF Premium Payable

Date Particulars PR Debit

20xx
April 1 SSS/PHEALTH/HDMF Premium Payable GJ-1

General Ledger Withholding Tax Payable

Date Particulars PR Debit

20xx

General Ledger Percentage Tax Payable

Date Particulars PR Debit

20xx
Mar 31 Adj Entry, Percentage tax, March J4
April 17 Percentage Tax Payable GJ-1 ₱ 1,500.00
30 Adj Entry, Percentage tax, April GJ-2

General Ledger Unearned Professional Fees

Date Particulars PR Debit

20xx
Mar 31 Adj Entry, Finest Gold J4
April 7 Earned professional fee GJ-1 ₱ 15,000.00
27 Advance payment GJ-1
30 Advance payment of Greedn Dollar GJ-1
30 Adj Entry, 7 laptop computers GJ-2 ₱ 12,000.00

General Ledger Owner's Equity, G.G. Gabriel

Date Particulars PR Debit

20xx
Mar 1 Initial Capital J2
2 To close Net Income to Equity J5
31 To close drawing account to equity J5 ₱ 10,000.00
April 30 To close Net Income to Equity GJ-3
30 To close drawing account to equity GJ-3 ₱ 15,000.00

General Ledger Drawing, G.G. Gabriel

Date Particulars PR Debit

 20xx
Mar 29 Drawing, G.G. Gabriel J3 ₱ 10,000.00
31 To close Drawing to Equity J2
April 28 Drawing, G.G. Gabriel GJ-1 ₱ 15,000.00
30 To close Drawing to Equity GJ-3

General Ledger Income and Expense Summary

Date Particulars PR Debit

20xx
Mar 31 Closing/E, Income Accounts J5
31 Closing/E, Expense Accounts J5 ₱ 35,000.00
31 To close Net Income to equity J5 ₱ 15,000.00
30 Closing Entry, Income Accounts GJ-3
30 Closing Entry, Expense Accounts GJ-3 ₱ 39,000.00
30 Closing Entry, Income and Summary Account GJ-3 ₱ 50,000.00

General Ledger Professional Fees

Date Particulars PR Debit

20xx
Mar 20 Manila Preparatory School J3
31 Closing Entry J5 ₱ 22,500.00
April 7 Professional Fees GJ-1
20 Professional Fees GJ-1
30 Adj Entry, Professional fee GJ-2
30 Closing Entry GJ-3 ₱ 62,000.00

General Ledger Internet and Other Fees

Date Particulars PR Debit

20xx
Mar 14 Internet and Other Fees J3
30 Internet and Other Fees J3
31 To close Net Income to equity J5 ₱ 27,500.00
April 14 Internet and Other Fees GJ-1
28 Internet and Other Fees GJ-1
30 Closing Entry GJ-3 ₱ 27,000.00

General Ledger Direct Charges - Salaries, Wages and Benefits

Date Particulars PR Debit

20xx
Mar 31 Salary for the month J3 ₱ 10,000.00
31 Closing Entry J5
April 30 Salary for the month GJ-1 ₱ 12,116.00
30 Salaries, Wages and Benefits GJ-1 1,144.00
30 Closing Entry GJ-3

General Ledger Direct Charges - Materials, Supplies and Facilities

 Date Particulars PR Debit
20xx
Mar 31 Internet/Wi-fi charge J3 ₱ 3,000.00
31 Adj Entry, Printing materials J4 ₱ 1,000.00
31 Closing entry J5
April 30 Material, Supplies and facilities GJ-1 ₱ 3,000.00
30 Adj Entry, Printing materials GJ-2 ₱ 1,500.00
30 Closing entry GJ-3

General Ledger Direct Charges - Depreciation, Computer Equipments

Date Particulars PR Debit

20xx
Mar 31 Adj Entry, Depr. For the month J4 ₱ 6,000.00
31 Closing Entry J5
April 30 Adj Entry, Depr. For the month GJ-2 ₱ 6,000.00
30 Closing Entry GJ-3

General Ledger Direct Charges - Rental

Date Particulars PR Debit

20xx
Mar 31 Rental for the month J3 ₱ 5,000.00
31 Closing Entry J5
April 30 Rental for the month GJ-1 ₱ 5,000.00
30 Closing Entry GJ-3

General Ledger Expense - Communication, Light and Water

Date Particulars PR Debit

20xx
Mar 28 Telephone, electricity and water J3 ₱ 4,800.00
31 Closing Entry J5
April 28 Telephone, electricity and water GJ-1 ₱ 6,120.00
30 Closing Entry GJ-3

General Ledger Expense - Depreciation, Furnitures and Fixtures

Date Particulars PR Debit

20xx
Mar 31 Adj Entry, depr. Of the month J4 ₱ 500.00
31 Closing Entry J5
April 30 Adj Entry, depr. Of the month GJ-2 ₱ 500.00
30 Closing Entry GJ-3

General Ledger Expense - Insurance

Date Particulars PR Debit

20xx
Mar 31 Adj Entry, Expired Insurance J4 ₱ 200.00
31 Closing Entry J5
April 30 Adj Entry, Expired Insurance GJ-2 ₱ 200.00
30 Closing Entry GJ-3

General Ledger Expense - Office Suppplies

Date Particulars PR Debit

20xx
Mar 31 Adj Entry, Office Supplies used J4 ₱ 500.00
31 Closing Entry J5
April 30 Adj Entry, Office Supplies used GJ-2 ₱ 750.00
30 Closing Entry GJ-3

General Ledger Expense - Taxes and Licenses

Date Particulars PR Debit

20xx
Mar 1 Business permit and licenses J2 ₱ 2,500.00
31 Adj Entry, Percentage tax J4 ₱ 1,500.00
31 Closing entry J5
April 30 Adj Entry, Percentage tax GJ-2 ₱ 2,670.00
30 Closing entry GJ-3
 Account no. 101
Balance
Credit Debit Credit

₱ 375,000.00
₱ 50,000.00 ₱ 325,000.00
₱ 2,500.00 ₱ 322,500.00
₱ 20,000.00 ₱ 302,500.00
₱ 252,000.00 ₱ 50,500.00
₱ 2,000.00 ₱ 48,500.00
₱ 1,000.00 ₱ 47,500.00
₱ 2,400.00 ₱ 45,100.00
₱ 55,100.00
₱ 77,600.00
₱ 4,800.00 ₱ 72,800.00
₱ 10,000.00 ₱ 62,800.00
₱ 80,300.00
₱ 18,000.00 ₱ 62,300.00
₱ 77,300.00
₱ 22,000.00 ₱ 55,300.00
₱ 1,000.00 ₱ 54,300.00
₱ 1,000.00 ₱ 53,300.00
₱ 68,300.00
₱ 80,800.00
₱ 1,500.00 ₱ 79,300.00
₱ 99,300.00
₱ 120,300.00
₱ 134,800.00
₱ 6,120.00 ₱ 128,680.00
₱ 15,000.00 ₱ 113,680.00
₱ 8,000.00 ₱ 105,680.00
₱ 11,430.00 ₱ 94,250.00
₱ 114,250.00

able Account No. 102

Balance
Credit Debit Credit

₱ 22,500.00
₱ 22,500.00 ₱ -
₱ 20,000.00
₱ 20,000.00 ₱ -

nt Account No. 103

Balance
Credit Debit Credit

₱ 50,000.00

nce Account No. 104

 Balance
Credit Debit Credit

₱ 2,400.00
₱ 200.00 ₱ 2,200.00
₱ 200.00 ₱ 2,000.00

Supplies Account No. 105

Balance
Credit Debit Credit

₱ 2,000.00
₱ 1,000.00 ₱ 1,000.00
₱ 2,000.00
₱ 1,500.00 ₱ 500.00

s Account No. 106

Balance
Credit Debit Credit

₱ 1,000.00
₱ 500.00 ₱ 500.00
₱ 1,500.00
₱ 750.00 ₱ 750.00

ments Account No. 107

Balance
Credit Debit Credit

₱ 252,000.00

Equipments Account No. 108

Balance
Credit Debit Credit

₱ 6,000.00 ₱ 6,000.00
₱ 6,000.00 ₱ 12,000.00

tures Account No. 109

Balance
Credit Debit Credit

₱ 22,000.00
₱ 42,000.00

and Fixtures Account No. 110

Balance
Credit Debit Credit

₱ 500.00 ₱ 500.00
₱ 500.00 ₱ 1,000.00
ble Account No. 201
Balance
Credit Debit Credit

₱ 22,000.00 ₱ 22,000.00
₱ -

mium Payable Account No. 202

Balance
Credit Debit Credit

₱ 1,830.00 ₱ 1,830.00

ayable Account No. 203

Balance
Credit Debit Credit

yable Account No. 204

Balance
Credit Debit Credit

₱ 1,500.00 ₱ 1,500.00
₱ -
₱ 2,670.00 ₱ 2,670.00

nal Fees Account No. 205

Balance
Credit Debit Credit

₱ 15,000.00 ₱ 15,000.00
₱ -
₱ 21,000.00 ₱ 21,000.00
₱ 20,000.00 ₱ 41,000.00
₱ 29,000.00

Gabriel Account No. 301

Balance
Credit Debit Credit

₱ 375,000.00 ₱ 375,000.00
₱ 15,000.00 ₱ 390,000.00
₱ 380,000.00
50,000.00 ₱ 430,000.00
₱ 415,000.00

briel Account No. 302

Balance
Credit Debit Credit
 ₱ 10,000.00
₱ 10,000.00 ₱ -
₱ 15,000.00
₱ 15,000.00 ₱ -

Summary Account No. 303

Balance
Credit Debit Credit

₱ 50,000.00 ₱ 50,000.00
₱ 15,000.00
₱ -
89,000.00 ₱ 89,000.00
₱ 50,000.00
₱ -

es Account No. 401

Balance
Credit Debit Credit

₱ 22,500.00 ₱ 22,500.00
₱ -
₱ 30,000.00 ₱ 30,000.00
₱ 20,000.00 ₱ 50,000.00
₱ 12,000.00 ₱ 62,000.00
₱ -

r Fees Account No. 402

Balance
Credit Debit Credit

₱ 10,000.00 ₱ 10,000.00
₱ 17,500.00 ₱ 27,500.00
₱ -
₱ 12,500.00 ₱ 12,500.00
₱ 14,500.00 ₱ 27,000.00
₱ -

ges and Benefits Account No. 501

Balance
Credit Debit Credit

₱ 10,000.00
₱ 10,000.00 ₱ -
₱ 12,116.00
₱ 13,260.00
13,260.00 ₱ -

plies and Facilities Account No. 502

Balance
 Credit Debit Credit

₱ 3,000.00
₱ 4,000.00
₱ 4,000.00 ₱ -
₱ 3,000.00
₱ 4,500.00
₱ 4,500.00 ₱ -

mputer Equipments Account No. 503

Balance
Credit Debit Credit

₱ 6,000.00
₱ 6,000.00 ₱ -
₱ 6,000.00
₱ 6,000.00 ₱ -

ental Account No. 504

Balance
Credit Debit Credit

₱ 5,000.00
₱ 5,000.00 ₱ -
₱ 5,000.00
₱ 5,000.00 ₱ -

ight and Water Account No. 505

Balance
Credit Debit Credit

₱ 4,800.00
₱ 4,800.00 ₱ -
₱ 6,120.00
₱ 6,120.00 ₱ -

ures and Fixtures Account No. 506

Balance
Credit Debit Credit

₱ 500.00
₱ 500.00 ₱ -
₱ 500.00
₱ 500.00 ₱ -

nce Account No. 507

Balance
Credit Debit Credit

₱ 200.00
₱ 200.00 ₱ -
 ₱ 200.00
₱ 200.00 ₱ -

ppplies Account No. 508

Balance
Credit Debit Credit

₱ 500.00
₱ 500.00 ₱ -
₱ 750.00
₱ 750.00 ₱ -

Licenses Account No. 509

Balance
Credit Debit Credit

₱ 2,500.00
₱ 4,000.00
₱ 4,000.00 ₱ -
₱ 2,670.00
₱ 2,670.00 ₱ -
Cash Receipts Book
Collection
Date Particulars OR NO. Cash Revenue from customers
20xx
April 7 Professional fees 15,000.00
14 Internet and other fees 12,500.00
27 Collection on account 20,000.00
27 Advance 7 laptop computers
28 Internet and other fees 14,500.00
30 50% advance payment
27,000.00 35,000.00

103,000.00 Cash Received from Customers

*Tingin sa Cash Ledger
*For the month of april lang, excluded ang march
*yung mga nakuha mong collection, revenue from customers
sa book may OE kasi march sa april month waalang OE
*yung april 7 advance siya from customers
*pag may owner's equity, kasama siya sa total kaya hindi mo ilalagay yung OE sa cash received - C.F.

Cash Disbursements Book

Date OR. NO. Operating Purchase of
20xx Particulars Expenditures Noncurrent Assets
April 2 Payment of air condition 22,000.00
2 Printing Materials and Supplies 1,000.00
3 Office Supplies 1,000.00
17 Remitted Percentage tax 1,500.00
28 Telephone, electricity and water 6,120.00
28 Withdrawal
30 Internet and rent 8,000.00
30 Salary for the month 11,430.00
29,050.00 22,000.00

*yung others, for rent deposit etc. Cost of Services

*tingin sa I.S. para makita yung Operating tsaka cost of services Salaries
*minus yung drawing sa OE sa Cash flows Materilas, supplies
Rent
*Credits from iya marie, yung 22k from accounts payable operating
not an investing
Operating Expenditures
Comm, Light, water
Insurance
Office supplies
Taxes and Licenses
 Advancements Owner's
from customers Equity Total

15,000.00
12,500.00
20,000.00
21,000.00 21,000.00
14,500.00
20,000.00 20,000.00
41,000.00 - 103,000.00

eived from Customers

*Cash receipts - Inflow all debit

*Cash Disbursements - Cash Outflow all credit

Withdrawals Others Total

22,000.00
1,000.00
1,000.00
1,500.00
6,120.00
15,000.00 15,000.00
8,000.00
11,430.00
15,000.00 66,050.00

Direct Charges To check:

11,430.00 29,050.00
1,000.00
8,000.00
20,430.00

g Expenditures Expenses
6,120.00
0
1,000.00
1,500.00
8,620.00
 Computer.Systems.Net
Trial Balance
April 30, 20xx
Date Partciulars PR Debit
20xx April 30 Cash 101 ₱ 114,250.00
Accounts 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
Accumulated Depreciation - Computer Equipments 108
Furniture and Fixtures 109 42,000.00
Accumulated Depreciation - Furniture and Fixtures 110
Accounts Payable 201
SSS/Phealth/HDMF Premium Payable 202
Withholding Tax Payable 203
Percentage Tax Payable 204
Unearned Professional Fees 205
Owner's Equity - G.G. Gabriel 301
Drawing - G.G. Gabriel 302 15,000.00
Income and Expense Summary 303
Professional Fees 401
Internet and Other Fees 402
Direct Charges - Salaries, Wages and Benefits 501 13,260.00
Direct Charges - Materials, Supplies and Facilities 502 3,000.00
Direct Charges - Depreciation, Computer Equipments 503
Direct Charges - Rental 504 5,000.00
Expense - Communication, Light and Water 505 6,120.00
Expense - Depreciation, Furniture and Fixtures 506
Expense - Insurance 507
Expense - Office Supplies 508
Expense - Taxes and Licenses 509
₱ 506,330.00
Credit

6,000.00

500.00

1,830.00

41,000.00
380,000.00

50,000.00
27,000.00

506,330.00
 Computer.Syste
Workshee
April 30, 20
Tial Balance Adjustments
Particulars Debit Credit Debit
Cash ₱ 114,250.00
Accounts 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
Accumulated Depreciation - Computer Equipments ₱ 6,000.00
Furniture and Fixtures 42,000.00
Accumulated Depreciation - Furniture and Fixtures 500.00
Accounts Payable
SSS/Phealth/HDMF Premium Payable 1,830.00
Withholding Tax Payable
Percentage Tax Payable
Unearned Professional Fees 41,000.00 ₱ 12,000.00
Owner's Equity - G.G. Gabriel 380,000.00
Drawing - G.G. Gabriel 15,000.00
Income and Expense Summary
Professional Fees 50,000.00
Internet and Other Fees 27,000.00
Direct Charges - Salaries, Wages and Benefits 13,260.00
Direct Charges - Materials, Supplies and Facilities 3,000.00 1,500.00
Direct Charges - Depreciation, Computer Equipments 6,000.00
Direct Charges - Rental 5,000.00
Expense - Communication, Light and Water 6,120.00
Expense - Depreciation, Furniture and Fixtures 500.00
Expense - Insurance 200.00
Expense - Office Supplies 750.00
Expense - Taxes and Licenses 2,670.00
₱ 506,330.00 ₱ 506,330.00 ₱ 23,620.00
 Computer.Systems.Net
Worksheet
April 30, 20xx
Adjustments Adjusted Trial Balance Statement of Income Statement of Financial Positio
Credit Debit Credit Debit Credit Debit
₱ 114,250.00 ₱ 114,250.00

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

1,830.00

2,670.00 2,670.00
29,000.00
380,000.00
15,000.00 15,000.00

12,000.00 62,000.00 ₱ 62,000.00

27,000.00 27,000.00
13,260.00 ₱ 13,260.00
4,500.00 4,500.00
6,000.00 6,000.00
5,000.00 5,000.00
6,120.00 6,120.00
500.00 500.00
200.00 200.00
750.00 750.00
2,670.00 2,670.00
₱ 23,620.00 ₱ 515,500.00 ₱ 515,500.00 ₱ 39,000.00 ₱ 89,000.00 ₱ 476,500.00
₱ 50,000.00 - -
₱ 89,000.00 ₱ 89,000.00 ₱ 476,500.00
ement of Financial Position
Credit

₱ 12,000.00

1,000.00

1,830.00

2,670.00
29,000.00
380,000.00

₱ 426,500.00
₱ 50,000.00
₱ 476,500.00
FINANNCIAL STATEMENTS
1. INCOME STATEMENT
Computer.Systems.Net
Statement of Comprehensive Income
For the Month Ended April 30, 20xx

Service Revenues
Professional Fees ₱ 62,000.00
Internet and Other Fees 27,000.00 ₱ 89,000.00

Less: Cost of Services

Direct Charges - Salaries, Wages and Benefits 13,260.00
Direct Charges - Depreciation, Computer Equipments 6,000.00
Direct Charges - Rental 5,000.00
Direct Charges - Materials, Supplies and Facilities 4,500.00 28,760.00

Gross Income ₱ 60,240.00

Less: Operating Expense

Expense - Communication, Light and Water 6,120.00
Expense - Depreciation, Furniture and Fixtures 2,670.00
Expense - Office Supplies 750.00
Expense - Depreciation, Furniture and Fixtures 500.00
Expense - Insurance 200.00 10,240.00

Comprehensive Income ₱ 50,000.00

3. STATEMENT OF CHANGES IN EQUITY

Computer.Systems.Net
Statement of Changes in Equity
For the Month Ended April 30, 20xx

Owner's Equity, G.G. Gabriel, beginning ₱ 380,000.00

Less: Drawing, G.G. Gabriel -15,000.00
Add: Net Income 50,000.00
Owner's Equity, G.G. Gabriel, end ₱ 415,000.00

Technology.com
Statement of Cash Flow
For the month ended April 30, 20xx

Cash Flow from Operating Activities

Cash received from customers ₱ 103,000.00
Cash paid for cost of services -20,430.00
Cash paid for accounts payable -22,000.00
 Cash paid for operating expenditures -8,620.00
Cash paid for rent deposit -
₱ 51,950.00

Cash Flow from Investing Activities

Purchased of Computer Equipments -
Purchased of Furniture and Fixtures -
₱ -

Cash Flow from Financing Activities

Owner's Equity, G.G. Gabriel -
Drawing, G.G. Gabriel -15,000.00
-₱ 15,000.00

Net Increase (decrease) in cash ₱ 36,950.00

Add: Cash balance, beginning ₱ 77,300.00

Cash, end ₱ 114,250.00

2. STATEMENT OF FINANCIAL POSITION
Technology.com
Statement of Financial Position
as at May 31, 20xx

Assets:
Current Assets:
Cash
Accounts Receivable
Deposit for Rent
Prepaid Insurance
Printing Materials and Supplies
Office Supplies
Total current Assets
Noncurrent Assets:
Computer Equipments ₱ 252,000.00
Less: Accumulated Depreciation - Computer Equipments 12,000.00
Net book value
Furniture and Fixtures 42,000.00
Less: Accumulated Depreciation - Furniture and Fixtures 1000.00
Net book value
Total noncurrent assets
Total Assets
Liabilities
Curent Liabilities:
Accounts Payable
SSS/Phealth/HDMF Premium Payable
Withholding Tax Payable
Percentage Tax Payable
Unearned Professional Fees
Total current liabilities
Owner's Equity
Owner's Equity, G.G. Gabriel
Add: Net Income
Less: Drawing, G.G. Gabriel
Total Owner's Equity
Total Liabilities and Owner's Equity
sition

₱ 114,250.00

50,000.00
2,000.00
500.00
750.00
₱ 167,500.00

₱ 240,000.00

41,000.00
₱ 281,000.00
₱ 448,500.00

₱ 1,830.00

2,670.00
29,000.00
₱ 33,500.00

₱ 380,000.00
50,000.00
-15,000.00
₱ 415,000.00
₱ 448,500.00
Expense - Communication, Light and Water
Expense - Depreciation, Furniture and Fixtures
Expense - Insurance
Expense - Office Supplies
Expense - Taxes and Licenses
 Computer.Systems.Net
Post-Closing Trial Balance
April 30, 20xx
Date Particulars PR Debit
20xx
April 30 Cash ₱ 114,250.00
Accounts Receivable
Deposit for Rent ₱ 50,000.00
Prepaid Insurance ₱ 2,000.00
Printing Materials and Supplies ₱ 500.00
Office Supplies ₱ 750.00
Computer Equipments ₱ 252,000.00
Accumulated Depreciation - Computer Equipments
Furniture and Fixtures ₱ 42,000.00
Accumulated Depreciation - Furniture and Fixtures
Accounts Payable
SSS/Phealth/HDMF Premium Payable
Withholding Tax Payable
Percentage Tax Payable
Unearned Professional Fees
Owner's Equity - G.G. Gabriel
₱ 461,500.00
 Credit

₱ 12,000.00

₱ 1,000.00

₱ 1,830.00

₱ 2,670.00
₱ 29,000.00
₱ 415,000.00
₱ 461,500.00