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Book 1

This document is an unadjusted trial balance, adjustments, and financial statements for Dores Marie Pateno Hobby Shop for December 31, 2023. It shows account titles and balances for assets, liabilities, equity, income and expense accounts. After adjustments for prepaid rent, salaries payable, and depreciation expense, it shows the adjusted trial balance, income statement and balance sheet with ending net income of $870,000.

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Laika Durada
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234 views2 pages

Book 1

This document is an unadjusted trial balance, adjustments, and financial statements for Dores Marie Pateno Hobby Shop for December 31, 2023. It shows account titles and balances for assets, liabilities, equity, income and expense accounts. After adjustments for prepaid rent, salaries payable, and depreciation expense, it shows the adjusted trial balance, income statement and balance sheet with ending net income of $870,000.

Uploaded by

Laika Durada
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Dores Marie Pateno Hobby Shop

31-Dec-23
Account Titles Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
DR CR DR CR DR CR DR CR DR
Cash P 100,000 100,000 100,000
Accounts Receivable 500,000 500,000 500,000
Merchandise Inventory 700,000 700,000 700,000 500,000 500,000
Prepaid Rent 300,000 100,000 200,000 200,000
Shop Equipment 1,600,000 1,600,000 1,600,000
Accumulated Depreciation P 200,000 200,000 400,000
Accounts Payable 400,000 400,000
Pateno, Capital 1,300,000 1,300,000
Pateno, Withdrawals 100,000 100,000 100,000
Sales 2,900,000 2,900,000 2,900,000
Sales Discounts 100,000 100,000 100,000
Purchases 800,000 800,000 800,000
Purchases Returns and Allowances 200,000 200,000 200,000
Transportation In 100,000 100,000 100,000
Salaries Expense 400,000 30,000 430,000 430,000
Adverstising Expense 150,000 150,000 150,000
Utilities Expense 100,000 100,000 100,000
Supplies Expense 50,000 50,000 50,000
TOTALS P5,000,000 P5,000,000
Salaries Payable a.30000 30,000
Rent Expense b.100000 100,000 100,000
Depreciation Expense c.200000 200,000 200,000
NET INCOME 5,230,000 2,730,000 3,600,000 3,000,000
870,000
2,730,000 2,730,000 3,000,000
Balance Sheet
CR

400,000
400,000
1,300,000

30,000

2,130,000
870,000
3,000,000

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