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San Beda College Alabang: INSTRUCTION: Worksheet Preparation

This document provides the unadjusted trial balance for Moises Dondayano Information Systems for the year ended December 31, 2019 along with additional financial information. Students are instructed to prepare a 10-column worksheet using the trial balance and additional data, which includes adjustments for depreciation expenses, accrued salaries, and prepaid office supplies. The completed worksheet should include the adjusted trial balance, income statement, and balance sheet.

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Marriel Fate Cullano
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1K views1 page

San Beda College Alabang: INSTRUCTION: Worksheet Preparation

This document provides the unadjusted trial balance for Moises Dondayano Information Systems for the year ended December 31, 2019 along with additional financial information. Students are instructed to prepare a 10-column worksheet using the trial balance and additional data, which includes adjustments for depreciation expenses, accrued salaries, and prepaid office supplies. The completed worksheet should include the adjusted trial balance, income statement, and balance sheet.

Uploaded by

Marriel Fate Cullano
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
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San Beda College Alabang

Quiz No. 5 Worksheet Preparation


ACEFIAR Financial Accounting and Reporting

Name: _______________________________________ Date: __________ Section:________

INSTRUCTION: Worksheet Preparation


Complete the worksheet (unadjusted trial balance, adjustments, adjusted trial balance, income
statement and balance sheet). Please observe proper format. STRICTLY NO ERASURES.
Put your answers in a 10-column worksheet.

Presented below is the unadjusted trial balance of the Moises Dondayano Information Systems
for the year ended Dec. 31, 2019:

Moises Dondoyano Information Systems


Unadjusted Trial Balance
Dec. 31, 2019

Cash P 45,000
Notes Receivable 360,000
Accounts Receivable 156,000
Office Supplies 63,000
Land 300,000
Building 1,590,000
Accumulated Depreciation – Building P 254,000
Equipment 2,150,000
Accumulated Depreciation - Equipment 612,000
Accounts Payable 213,000
Unearned Consulting Revenues 450,000
Dondoyano, Capital 2,655,000
Dondoyano, Withdrawals 600,000
Consulting Revenues 2,108,000
Salaries Expense 875,000
Repairs Expense 116,000
Miscellaneous Expense 37,000
Totals P6,292,000 P6,292,000

Additional Information:
a. Office supplies on hand as at Dec. 31, 2019 is P21,000.
b. One-third of the unearned revenues has been earned as at Dec. 31, 2019.
c. Depreciation for the year amounted to P38,000 for the building and P123,000 for the
equipment.
d. Salaries in the amount of P14,000 have accrued at year-end.
e. The notes receivable were accepted from several customers. The notes were issued on
Sept. 1, 2019 and will be settled together with a 20% interest on May 31, 2020.

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