Experiment
Experiment
Experiment
Cash 55,000.00
Withholding Tax 55,000.00
Cash 204,783.70
SSS Payable 6,394.30
PhilHealth Payable 4,812.50
Pag-IBIG Payable 1,100.00
Withholding Tax Payable 192,476.90
557,983.80 557,983.80
TRIAL BALANCE
Cash 320,791.80
Accounts Receivable
Prepaid Insurance
Computer Equipment 1,400,000.00
Accumulated Depreciation 240,000
SSS Payable
PhilHealth Payable
Pag-IBIG Payable
Withholding Tax Payable
Loans Payable 1,000,000
Owner's Equity 1,254,000
Owner's Drawings 3,300,000.00
Service Fees 4,890,000
Salaries Exp 990,000.00
SSS/PhilHealth/Pag-IBIG Contribution Expense 19,208.20
Rent Exp 1,100,000.00
Utilities Exp 165,000.00
Office Supplies Exp 84,000.00
Insurance Exp 5,000.00
Cash 262,000.00
Service fees
Cash 100,000.00
Service fees
Cash 37,000.00
Service fees
Cash 350,000.00
Service fees
Salaries expense 45,000.00
Withholding tax Payable
Cash
TOTAL 1,220,746.20
5,000.00
95,000.00
262,000.00
20,000.00
100,000.00
581.30
437.50
100.00
8,581.13
35,300.07
1,208.70
437.50
100.00
150,000.00
15,000.00
37,000.00
90,000.00
5,000.00
350,000.00
8,916.77
36,083.23
1,220,746.20
TRIAL BA
As of Decemb
ASSET
Cash
Accounts Receivable
Prepaid Insurance
Office Supplies
Computer Equipment
Accumulated Depreciation
LIABILITY
SSS pAYABR
Loans Payable
EQUITY
OE
Drawings
REVENUE
Service Fees
EXPENSES
Salaries Exp
Rent Exp
Utilities Exp
Office Supplies Exp
Insurance Exp
TRIAL BALANCE
1,000,000.00
1,254,000.00
3,300,000.00
5,599,000.00
1,155,000.00
1,200,000.00
180,000.00
104,000.00
5,000.00
8,093,000.00 8,093,000.00
BANK RECONCILIATION
Expenses
Salaries Exp
Rent Exp
Utilities Exp
Office Supplies Exp
Insurance Exp
SSS contribution expense
Pag IBIG contribution expense
Depreciation Exp
Interest Exp
taxes and licenses
EMPLOYEE'S SHARE
0.00
0.00
90,000.00
Income Statement
0.00
0.00
0.00
0.00
0.00
Balance Sheet Statement of C
LIABILITY ASSET
EQUITY
OE
TOTAL LIAB AND EQUITY
Statement of Changes in Equity
Balance Sheet
ASSETS
Cash and cash equivalents
LIABILITIES
Trade and other payables
Total current liabilities
Loans Payable 1,000,000.00
Interest Payab 10,000.00 Long-term borrowings
Utilities Payab 7,500.00 Total non-current liabilities
EQUITY
### Owner's Capital
TOTAL LIABILITIES and OE
TOTAL LIAB AND EQUITY ###
Notes
Note 1 : Cash and cash equivalents
ash equivalents 1.00 613,545.60 Cash
3.00 34,000.00
Note 2: Trade and other receivables
681,545.60 Accounts receivable
Interest Payab
### Utilities Payab
### SSS contribution payable
Pag IBIG contribution payable
epaid Assets
Prepaid Insurance 5,000.00
Unused Office Supplies 29,000.00 Cash flows from financing activities
34,000.00 Cash receipts from loans
Cash payments to the owner
operty, plant, and equipment Net cash from financing activities
Computer Equipment 1,550,000.00
Accumulated Depreciation Err:509 Net increase in cash and cash equivalents
Err:509 cash and cash equivalents,beg
Cash and cash equivalents,end
ade and other payables
17,500.00
ng-term borrowings
Loan Payab 1,000,000.00
Statement of Cash Flow
Computer Equipment
Dec-01 1,400,000
Dec-17 150,000
1,550,000
LIABILITIES
EQUITY
Service Fees
4,890,000.00 37,226.00
262,000.00 37,591.00
60,000.00 41,244.00
37,000.00 45,261.00
350,000.00 11,293.00
5,599,000.00
EXPENSES
3,300,000.00
i/vi 90,000.00
1,170,000.00
20,954.40
1,200,000.00
v 7,500.00 187,500.00
ii 9,000.00 95,000.00
5,000.00
vii 500.00 500.00
ii 9,000.00 9,000.00
iii 126,250.00 126,250.00
iv 10,000.00 10,000.00
iv 10,000.00
v 7,500.00
268,612.90 268,612.90 8,326,750.00
Adjusted TB INCOME STATEMENT BALANCE SHEET
613,545.60
34,000.00
5,000.00
1,550,000.00
366,250.00
0.00
0.00
0.00
0.00
1,000,000.00
1,254,000.00
3,300,000.00
5,689,000.00 5,689,000.00
1,170,000.00
20,954.40
1,200,000.00
187,500.00
95,000.00
5,000.00
500.00
9,000.00
126,250.00
10,000.00
10,000.00
7,500.00
8,326,750.00 2,815,204.40 5,689,000.00 5,511,545.60
2,873,795.60
5,689,000.00 5,689,000.00 5,511,545.60
BALANCE SHEET
366,250.00
0.00
0.00
0.00
0.00
1,000,000.00
1,254,000.00
10,000.00
7,500.00
2,637,750.00
2,873,795.60
5,511,545.60
Adjusting Entries
Cash 56,000.00
Service Fees 56,000.00
ii
iii
iv
vi
vii
viii
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