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    Worksheet (Dajao)

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    John Dajao
    This document contains trial balance, income statement, and balance sheet information for Samar Traders. The trial balance shows unadjusted and adjusted account balances after various adjustments including recognizing uncollectible accounts, depreciation expense, prepaid insurance, and rent payable. The income statement reports sales, expenses, and net income. The balance sheet lists assets, liabilities, and capital as of December 31, 20B.

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    Worksheet (Dajao)

    Uploaded by

    John Dajao
    1K views2 pages
    This document contains trial balance, income statement, and balance sheet information for Samar Traders. The trial balance shows unadjusted and adjusted account balances after various adjustments including recognizing uncollectible accounts, depreciation expense, prepaid insurance, and rent payable. The income statement reports sales, expenses, and net income. The balance sheet lists assets, liabilities, and capital as of December 31, 20B.

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    This document contains trial balance, income statement, and balance sheet information for Samar Traders. The trial balance shows unadjusted and adjusted account balances after various adjustments including recognizing uncollectible accounts, depreciation expense, prepaid insurance, and rent payable. The income statement reports sales, expenses, and net income. The balance sheet lists assets, liabilities, and capital as of December 31, 20B.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    Worksheet (Dajao)

    Uploaded by

    John Dajao
    This document contains trial balance, income statement, and balance sheet information for Samar Traders. The trial balance shows unadjusted and adjusted account balances after various adjustments including recognizing uncollectible accounts, depreciation expense, prepaid insurance, and rent payable. The income statement reports sales, expenses, and net income. The balance sheet lists assets, liabilities, and capital as of December 31, 20B.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    ACCOUNT TITLES UNADJUSTED ADJUSTMENTS ADJUSTED TRIAL INCOME BALANCE SHEET

    TRIAL BALANCE BALANCE STATEMENT


    DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
    CASH ON HAND 295,000 295,000 295,000
    PETTY CASH FUND 1,000 1,000 1,000
    ACCOUNTS RECEIVABLE 50,000 50,000 50,000
    ESTIMATED UNCOLLECTIBLE 1,000 B. 900 1,900 1,900
    ACCOUNTS
    MERCHANDISE INVENTORY 125,000 125,000 125,000
    FURNITURE AND FIXTURE 175,000 175,000 175,000
    ACCUMULATED DEPRECIATION 23,000 C. 35,000 58,000 58,000
    ACCOUNTS PAYABLE 20,000 20,000 20,000
    C. CARPESO, CAPITAL 1,183,700 1,183,700 1,183,700
    C. CARPESO, DRAWING 2,000 2,000 2,000
    SALES 1,430,000 1,430,000 1,430,000
    SALES RETURN AND ALLOWANCES 1,500 1,500 1,500
    PURCHASES 1,630,000 1,630,000 1,630,000
    FREIGHT-IN 800 800 800
    PURCHASE RETURN AND ALLOWANCES 1,600 1,600 1,600
    SALARIES AND WAGES 240,000 240,000 240,000
    TAXES AND LICENSES 14,000 14,000 14,000
    RENTAL EXPENSE 110,000 E. 10,000 120,000 120,000
    INSURANCE EXPENSE 15,000 ________ D. 12,000 3,000 3,000
    TOTAL 2,659,300 2,659,300
    MERCHANDISE INVENTORY, END 985,000 985,000
    UNCOLLECTIBLE ACCOUNTS B. 900 B. 900 B. 900
    DEPRECIATION EXPENSE C. 35,000 C. 35,000 C. 35,000
    PREPAID INSURANCE D. 12,000 D. 12,000 D. 12,000
    RENT PAYABLE ________ E. 10,000 ________ E. 10,000 ________ ________ ________ E. 10,000
    TOTAL 57,900 57,900 2,705,200 2,705,200 2,170,200 1,273,600
    246,400 246,400
    2,416,600 2,416,600 1,520,000 1,520,000
    Samar Traders
    Worksheet
    December 31, 20B

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