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ABC 10-Column

This document is an unadjusted trial balance worksheet for ABC Company for the year ended December 31, 2021. It shows account balances before and after adjustments, as well as an income statement and balance sheet. Key accounts include cash, accounts receivable, property and equipment, various expenses and liabilities. Adjustments were made for depreciation, supplies, salaries, and utilities expenses. The net loss for the year is ₱105,157.47.

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191 views

ABC 10-Column

This document is an unadjusted trial balance worksheet for ABC Company for the year ended December 31, 2021. It shows account balances before and after adjustments, as well as an income statement and balance sheet. Key accounts include cash, accounts receivable, property and equipment, various expenses and liabilities. Adjustments were made for depreciation, supplies, salaries, and utilities expenses. The net loss for the year is ₱105,157.47.

Uploaded by

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

Worksheet
For the year ended December 31, 2021

Unadjusted Trial Balance Adjustments Unadjusted Trial Balance Income Statement Balance Sheet
Cash ₱18,700.00 ₱18,700.00 ₱18,700.00
Accounts Receivable 3,400.00 3400.00 3,400.00
Marketable Securities 5,000.00 5000.00 5,000.00
Prepaid Insurance 12,000.00 12000.00 12,000.00
Prepaid Rent 30,000.00 30000.00 30,000.00
Office Supplies 4,500.00 c. 1,600.00 2,900.00 2,900.00
Furniture and Fixtures 12,000.00 12,000.00 12,000.00
Machinery 370,000.00 370,000.00 370,000.00
Building 850,000.00 850,000.00 850,000.00
Land 1,000,000.00 1,000,000.00 1,000,000.00
Accounts Payable ₱21,000.00 ₱21,000.00 ₱21,000.00
Notes Payable 15,000.00 15,000.00 15,000.00
Interest Payable 3,500.00 3,500.00 3,500.00
Unearned Service Income 180,000.00 180,000.00 180,000.00
Salaries Payable 24,000.00 d. 15,000.00 39,000.00 39,000.00
Long-Term Payable 1,600,000.00 1,600,000.00 1,600,000.00
Mortgage Payable 450,000.00 450,000.00 450,000.00
Service Income 37,900.00 37,900.00 ₱37,900.00
Advertising Expense 16,000.00 16,000.00 ₱16,000.00
Interest Expense 2,300.00 2,300.00 2,300.00
Taxes and Licenses 1,800.00 1,800.00 1,800.00
Utilities Expense 5,700.00 e. 800.00 6,500.00 6,500.00
Total ₱2,331,400.00 ₱2,331,400.00

Depreciation Expense - Machinery a. 35,937.50 35,937.50 35,937.50


Accumulated Depreciation - Machinery a. 35,937.50 35,937.50 35,937.50
Depreciation Expense - Building b. 63,749.97 63,749.97 63,749.97
Accumulated Depreciation - Building b. 63,749.97 63,749.97 63,749.97
Office Supplies Expense c. 1,600.00 1,600.00 1,600.00
Salaries Expense d. 15,000.00 15,000.00 15,000.00
Utilities Payable e. 800.00 800.00 800.00
Bad Debts Expense f. 170.00 170.00 170.00
Allowance for Bad Debts f. 170.00 170.00 170.00
117,257.47 117,257.47 ₱2,447,057.47 ₱2,447,057.47 ₱143,057.47 ₱37,900.00 ₱2,304,000.00 ₱2,409,157.47
Net Loss ₱105,157.47 ₱105,157.47
₱143,057.47 ₱143,057.47 ₱2,409,157.47 ₱2,409,157.47

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