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    Madelyn Rialubin Travel Agency Adjusting Entries Adjusted

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    Justine Almodiel
    The unadjusted trial balance of Madelyn Rialubin Travel Agency shows various asset, liability, capital, revenue and expense accounts as of December 31, 2019. Adjustments were made to prepaid rent, office supplies, accumulated depreciation, salaries payable and interest payable accounts. The adjusted trial balance totals to ₱8,667,000 on both the debit and credit sides.

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    Madelyn Rialubin Travel Agency Adjusting Entries Adjusted

    Uploaded by

    Justine Almodiel
    11K views5 pages
    The unadjusted trial balance of Madelyn Rialubin Travel Agency shows various asset, liability, capital, revenue and expense accounts as of December 31, 2019. Adjustments were made to prepaid rent, office supplies, accumulated depreciation, salaries payable and interest payable accounts. The adjusted trial balance totals to ₱8,667,000 on both the debit and credit sides.

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    Madelyn_Rialubin_Travel_Agency_Adjusting_Entries_Adjusted

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    The unadjusted trial balance of Madelyn Rialubin Travel Agency shows various asset, liability, capital, revenue and expense accounts as of December 31, 2019. Adjustments were made to prepaid rent, office supplies, accumulated depreciation, salaries payable and interest payable accounts. The adjusted trial balance totals to ₱8,667,000 on both the debit and credit sides.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    11K views5 pages

    Madelyn Rialubin Travel Agency Adjusting Entries Adjusted

    Uploaded by

    Justine Almodiel
    The unadjusted trial balance of Madelyn Rialubin Travel Agency shows various asset, liability, capital, revenue and expense accounts as of December 31, 2019. Adjustments were made to prepaid rent, office supplies, accumulated depreciation, salaries payable and interest payable accounts. The adjusted trial balance totals to ₱8,667,000 on both the debit and credit sides.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    The document shows an unadjusted trial balance for Madelyn Rialubin Travel Agency that is then adjusted. Key accounts include cash, accounts receivable, prepaid rent, furniture, and revenues and expenses.

    Adjustments were made to prepaid rent, office supplies, accumulated depreciation, salaries payable, interest payable, and salaries expense.

    Prepaid rent was adjusted down by $120,000, office supplies were adjusted down by $36,000, accumulated depreciation was adjusted up by $75,000, salaries payable was adjusted up by $105,000, interest payable was adjusted up by $54,000, and salaries expense was adjusted up by $105,000.

    Madelyn Rialubin Travel Agency

    Unadjusted Trial Balance


    Dec. 31,2019
    Debit Credit
    Cash 126,000
    Accounts Receivable 645,000
    Prepaid Rent 360,000 a.)
    Office Supplies 63,000 b.)
    Furniture 2,175,000
    Accumulated Depreciation 435,000 c.)
    Notes Payable 900,000
    Accounts Payable 285,000
    Salaries Payable d.)
    Interest Payable e.)
    Rialubin, Capital 1,680,000
    Rialubin, Withdrawals 1,200,000
    Travel Revenues 5,133,000
    Salaries Expense 3,771,000 d.)
    Rent Expense a.)
    Office Supplies Expense b.)
    Depreciation Expense c.)
    Interest Expense e.)
    Miscellaneous Expense 93,000

    Total 8,433,000 8433000


    Adjustments Adjusted Trial Balance
    Debit Credit Debit Credit
    126,000
    645,000
    120,000 240,000
    36,000 27,000
    2,175,000
    75,000 510,000
    900,000
    285,000
    105,000 105,000
    54,000 54,000
    1,680,000
    1,200,000
    5,133,000
    105,000 3,876,000
    120,000 120,000
    36,000 36,000
    75,000 75,000
    54,000 54,000
    93,000

    390,000 390,000 8,667,000 8,667,000


    Madelyn Rialubin Travel Agency
    Unadjusted Trial Balance
    December 31, 2019

    CASH
    Date Explanation PR Debit Credit Balance
    Dec 31 Ending Balance ₱ 126,000.00

    ACCOUNTS RECEIVABLE
    Date Explanation PR Debit Credit Balance
    Dec 31 Ending Balance ₱ 645,000.00

    PREPAID RENT
    Date Explanation PR Debit Credit Balance
    ₱ 360,000.00
    Dec 31 Adjustment 120,000.00 ₱ 240,000.00
    OFFICE SUPPLIES
    Date Explanation PR Debit Credit Balance
    ₱ 63,000.00
    Dec 31 Adjustment 36,000.00 ₱ 27,000.00
    FURNITURE
    Date Explanation PR Debit Credit Balance
    Ending Balance ₱ 2,175,000.00

    ACCUMULATED DEPRECIATION
    Date Explanation PR Debit Credit Balance
    ₱ 435,000.00
    Dec 31 Adjustment 75,000.00 ₱ 360,000.00
    NOTES PAYABLE
    Date Explanation PR Debit Credit Balance
    Dec 31 Ending Balance ₱ 900,000.00

    ACCOUNTS PAYABLE
    Date Explanation PR Debit Credit Balance
    Dec 31 Ending Balance ₱ 285,000.00

    SALARIES PAYABLE
    Date Explanation PR Debit Credit Balance
    Dec 31 Adjustment ₱ 105,000.00

    INTEREST PAYABLE
    Date Explanation PR Debit Credit Balance
    Dec 31 Adjustment ₱ 54,000.00
    RIALUBIN, CAPITAL
    Date Explanation PR Debit Credit Balance
    Dec 31 Ending Balance ₱ 1,680,000.00

    RIALUBIN, WITHDRAWALS
    Date Explanation PR Debit Credit Balance
    Dec 31 Ending Balance ₱ 1,200,000.00

    TRAVEL REVENUES
    Date Explanation PR Debit Credit Balance
    Dec 31 Ending Balance ₱ 5,133,000.00

    SALARIES EXPENSE
    Date Explanation PR Debit Credit Balance
    ₱ 3,771,000.00
    Dec 31 Adjustment 105,000.00 ₱ 3,876,000.00

    RENT EXPENSE
    Date Explanation PR Debit Credit Balance
    Dec 31 Adjustment ₱ 120,000.00

    OFFICE SUPPLIES EXPENSE


    Date Explanation PR Debit Credit Balance
    Dec 31 Adjustment ₱ 36,000.00

    DEPRECIATION EXPENSE
    Date Explanation PR Debit Credit Balance
    Dec 31 Adjustment ₱ 75,000.00

    INTERETS EXPENSE
    Date Explanation PR Debit Credit Balance
    Dec 31 Adjustment ₱ 54,000.00

    MISCELLANEOUS EXPENSE
    Date Explanation PR Debit Credit Balance
    Dec 31 Ending Balance ₱ 93,000.00
    Particulars Debit Credit
    a. Rent Expense 120,000.00
    Prepaid Rent 120,000

    b. Office Supplies Expense 36,000.00


    Office Supplies 36,000

    c. Depreciation Expense 75,000.00


    Accumulated Depreciation
    75,000.00
    d. Salaries Expense 105,000.00
    Salaries Payable 105,000.00

    e. Interest Expense 54,000.00


    Interest Payable 54,000.00

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