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Sample Woksheet For Service Concern

The document is a trial balance, income statement, and balance sheet for Maloles Boutique for the month of December 2019. It shows revenues of ₱2,256,000, expenses of ₱1,912,000, and net income of ₱344,000. Assets include cash, accounts receivable, supplies, land, buildings, and equipment. Liabilities include accounts payable, notes payable, and capital. Adjusting entries were made for prepaid rent, supplies, depreciation, and salaries payable.

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Ezekiel Lapitan
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264 views1 page

Sample Woksheet For Service Concern

The document is a trial balance, income statement, and balance sheet for Maloles Boutique for the month of December 2019. It shows revenues of ₱2,256,000, expenses of ₱1,912,000, and net income of ₱344,000. Assets include cash, accounts receivable, supplies, land, buildings, and equipment. Liabilities include accounts payable, notes payable, and capital. Adjusting entries were made for prepaid rent, supplies, depreciation, and salaries payable.

Uploaded by

Ezekiel Lapitan
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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Maloles Boutique

Worksheet
For the Month Ended December 31, 2019
Acct. Trial Balance Adjustment Income Statement Balance Sheet
No Account Title Debit Credit Debit Credit Debit Credit Debit Credit
Cash ₱ 504,000 ₱ 504,000
Accounts Receivable 789,000 789,000
Prepaid Rent 144,000 72,000 72,000
Cooking Supplies 357,000 332,000 25,000
Land 530,000 530,000
Building 1,250,000 1,250,000
Accumulated Depreciation – Building 413,000 28,000 441,000
Cooking Equipment 870,000 870,000
Accum. Depreciation – Cooking Equipment 212,000 52,000 264,000
Notes Payable 1,400,000 1,400,000
Accounts Payable 117,000 117,000
Interest Payable 252,000 252,000
Salazar, Capital 1,435,000 1,435,000
Salazar, Withdrawals 240,000 240,000
Cooking Revenues 2,256,000 2,256,000
Cooking Supplies Expense ₱ 332,000 332,000
Rent Expense 72,000 72,000
Salaries Expense 619,000 27,000 646,000
Travel Expense 127,000 127,000
Advertising Expense 215,000 215,000
Insurance Expense 40,000 40,000
Utilities Expense 102,000 102,000
Miscellaneous Expense 46,000 46,000
Interest Expense 252,000 252,000
Depreciation Expense – Building 28,000 28,000
Depreciation Expense – Cooking Equipment 52,000 52,000
Totals 5,833,000 5,833,000
Salaries Payable 27,000 27,000
763,000 763,000 1,912,000 2,256,000 4,280,000 3,936,000
344,000 344,000
2,256,000 2,256,000 4,280,000 4,280,000
- - -

a Insurance Expense 3,600


Prepaid Insurance 3,600
Adjusting Entry

b Office Supplies Expense 19,200


Office Supplies 19,200
Adjusting Entry

c Unearned Revenue 5,700


Service Revenue 5,700
Adjusting Entry

d Depreciation Expense - Office Equipment 47,040


Accumulated Depreciation - Office Equipment 47,040
Adjusting Entry

e Salaries Expense 70,000


Salaries Payable 70,000
Adjusting Entry

1-Dec Salaries Expense 17,500


Salaries Payable 70,000
Cash 87,500
Payment of salaries

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