Scribd
Upload
22 views3 pages

PHP 512, 500 PHP 512, 500

This trial balance shows account balances for a salon business. It lists asset, liability, capital, revenue and expense accounts with their debit and credit balances. Adjustments are made for depreciation expense, accumulated depreciation, supplies expense and perming supplies expense. The adjusted trial balance and income statement are generated from the trial balance and adjustments. The income statement shows the business had net income of 42,550 pesos for the period.

Uploaded by

Nicole Burce
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
22 views3 pages

PHP 512, 500 PHP 512, 500

This trial balance shows account balances for a salon business. It lists asset, liability, capital, revenue and expense accounts with their debit and credit balances. Adjustments are made for depreciation expense, accumulated depreciation, supplies expense and perming supplies expense. The adjusted trial balance and income statement are generated from the trial balance and adjustments. The income statement shows the business had net income of 42,550 pesos for the period.

Uploaded by

Nicole Burce
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
You are on page 1/ 3

Trial Balance

Account Titles Debit Credit


Cash Php 146, 500
Account Receivable Php 14,000
Office Supplies Php 5,000 b
Perming Supplies Php 30,000 a
Prepaid Rent Php 60,000
Salon Equipment Php 175,000
Utilities Payable Php 15,000
Notes Payable Php 87,500
Mr. Way, Capital Php 350,000
Mr. Way, Drawing Php 10,000
Service Fee Php 60,000
Taxes and Licenses Php 45,000
Salaries Expense Php 12,000
Utilities Expense Php 15,000
Total Php 512, 500 Php 512, 500

Adjustments
Accumulated Depreciation S/E d
Depreciation Expense d
Supplies Expense b
Perming Supplies Expense a
Total:
Net Income (Loss)
Adjustments Adjusted Trial Balance Income Statement
Debit Credit Debit Credit Debit
Php 146, 500
Php 14,000
Php 3,350 Php 1,650
Php 20,500 Php 9,500
Php 60,000
Php 175,000
Php 15,000
Php 87,500
Php 350,000
Php 10,000
Php 60,000
Php 45,000 Php 45,000
Php 12,000 Php 12,000
Php 15,000 Php 15,000

Php 6, 700 Php 6,700


Php 6, 700 Php 6, 700 Php 6, 700
Php 3,350 Php 3,350 Php 3,350
Php 20,500 Php 20,500 Php 20,500
Php 30,550 Php 30,550 Php 519, 200 Php 519, 200 Php 102,550
Net Income (Loss) Php 42,550
Php 60,000
Income Statement Balance Sheet
Debit Credit Debit Credit
Php 146, 500
Php 14,000
Php 1,650
Php 9,500
Php 60,000
Php 175,000
Php 15,000
Php 87,500
Php 350,000
Php 10,000
Php 60,000
Php 45,000
Php 12,000
Php 15,000

Php 6,700
Php 6, 700
Php 3,350
Php 20,500
Php 102,550 Php 60,000 Php 416,650 Php 459,200
Php 42,550 (+) Php 42, 550
Php 60,000 Php 60,000 Php 459,200 Php 459,200

You might also like