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    Book 1

    Uploaded by

    xbautista124
    The document is an unadjusted trial balance for Madelyn Rialubin Travel Agency for December 31, 2019. It shows various revenue and expense accounts with debits and credits to record transactions for the period. Adjustments are then made to reclassify certain accounts to prepare the financial statements.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Book 1

    Uploaded by

    xbautista124
    18 views6 pages
    The document is an unadjusted trial balance for Madelyn Rialubin Travel Agency for December 31, 2019. It shows various revenue and expense accounts with debits and credits to record transactions for the period. Adjustments are then made to reclassify certain accounts to prepare the financial statements.

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    Book1

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    The document is an unadjusted trial balance for Madelyn Rialubin Travel Agency for December 31, 2019. It shows various revenue and expense accounts with debits and credits to record transactions for the period. Adjustments are then made to reclassify certain accounts to prepare the financial statements.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    18 views6 pages

    Book 1

    Uploaded by

    xbautista124
    The document is an unadjusted trial balance for Madelyn Rialubin Travel Agency for December 31, 2019. It shows various revenue and expense accounts with debits and credits to record transactions for the period. Adjustments are then made to reclassify certain accounts to prepare the financial statements.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Date Descriptions/ Particulars F Debit Credit

    2019
    A Rent expense 1 2 0 0 0 0
    Prepaid rent 1 2
    To record rent expense.

    B Supplies expense 3 6 0 0 0
    Supplies 3
    To record the supplies expense.

    C Depreciation expense 7 5 0 0 0
    Accumulated depreciation- Furniture 7
    To record depreciation.

    D Salaries Expense 1 0 5 0 0 0
    Salaries Payable 1 0
    To record salaries not paid.

    E Interest expense 5 4 0 0 0
    Interest Payable 5
    To record Interest.
    Credit

    0 0 0 0

    6 0 0 0

    5 0 0 0

    5 0 0 0

    4 0 0 0
    Madelyn Rialubin Travel Agency
    Worksheet
    December 31,2019

    Unadjusted trial balance Adjustments


    Account Title Debit Credit Debit Credit

    Cash 126,000
    Accounts Receivable 645,000
    Prepaid Rent 360,000 120,000
    Office Supplies 63,000 36,000
    Furniture 2,175,000
    Accumulated Depriciation- Furniture 435,000 75,000
    Notes Payable 900,000
    Accounts Payable 285,000
    Rialubin, Capital 1,680,000
    Rialubin, Withdrawals 1,200,000
    Travel Revenues 5,133,000
    Salaries Expense 3,771,000 105,000
    Miscellaneous expense 93,000
    Total 8,433,000 8,433,000
    Rent Expense 120,000
    Office Supplies Expense 36,000
    Depreciation Expense 75,000
    Salaries Payable 105,000
    Interest Payable 54,000
    Interest Expense 54,000
    TOTAL 390,000 390,000
    Travel Agency
    heet
    31,2019

    Adjusted trial balance Income statement Balance sheet


    Debit Credit Debit Credit Debit Credit

    126,000 126,000
    645,000 645,000
    240,000 240,000
    27,000 27,000
    2,175,000 2,175,000
    510,000 510,000
    900,000 900,000
    285,000 285,000
    1,680,000 1,680,000
    1,200,000 1,200,000
    5,133,000 5,133,000
    3,876,000 3,876,000
    93,000 93,000

    120,000 120,000
    36,000 36,000
    75,000 75,000
    105,000 105,000
    54,000 54,000
    54,000 54,000
    8,667,000 8,667,000 4,254,000 5,133,000 4,413,000 3,534,000
    879,000 879,000
    5,133,000 5,133,000 4,413,000 4,413,000
    Madelyn Rialubin Travel Agency Madelyn Rialubin Travel Agency
    Income Statement Statement of Changes in Equity
    For the month ending Dec. 31,2019 For the month ending Dec. 31,2019

    Travel Revenue 5,133,000 Rialubin, Capital, beginning


    Add: Investments
    Less: Expenses Net income
    Salaries expense 3,876,000 Total
    Miscellaneous expense 93,000 Less: Mayo,Withdrawals
    Rent expense 120,000 Mayo, Capital, ending
    Office Supplies expense 36,000
    Depreciation expense 75,000
    Interest expense 54,000

    Total expenses 4,254,000


    Net income 879,000
    Rialubin Travel Agency Madelyn Rialubin Travel Agency
    t of Changes in Equity Balance Sheet
    nth ending Dec. 31,2019 As of Dec. 31,2019

    - Assets:
    1,680,000 Cash 126,000
    879,000 Accounts Receivable 645,000
    2,559,000 Prepaid Rent 240,000
    (1,200,000) Office Supplies 27,000
    1,359,000 Furniture 2,175,000
    Less:Accumulated depreciation- Furnitue (510,000) 1,665,000
    Total Assets 2,703,000

    Liabilities
    Notes Payable 900,000
    Accounts Payable 285,000
    Salaries Payable 105,000
    Interest Payable 54,000
    Total liabilities 1,344,000
    Owner's equity
    Rialubin, Capital 1,359,000
    Total liabilities and owner's equity 2,703,000

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