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Accounting1 Red Travel and Tours
Accounting1 Red Travel and Tours
Worksheet
December 31, 2018
Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Account Titles
Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
Cash ₱ 465,000.00 ₱ 465,000.00 ₱ 465,000.00
Accounts Receivable 318,000.00 318,000.00 318,000.00
Office Supplies 27,000.00 ₱ 15,000.00 12,000.00 12,000.00
Prepaid Rent 180,000.00 60,000.00 120,000.00 120,000.00
Office Equipment 500,000.00 500,000.00 500,000.00
Accounts Payable ₱ 50,000.00 ₱ 50,000.00 ₱ 50,000.00
Loans Payable 200,000.00 200,000.00 200,000.00
Red, Drawings 25,000.00 25,000.00 25,000.00
Red, Capital 800,000.00 800,000.00 800,000.00
Service Income 647,000.00 647,000.00 ₱ 647,000.00
Salaries Expense 146,000.00 ₱ 4,800.00 150,800.00 ₱ 150,800.00
Advertising Expense 36,000.00 36,000.00 36,000.00
Totals ₱ 1,697,000.00 ₱ 1,697,000.00
Adjustments:
Assets
Current Assets
Cash 465,000.00
Accounts Receivable, net 286,200.00
Office Supplies 12,000.00
Prepaid Rent 120,000.00 883,200.00
Non Current Assets
Office Equipment, net 404,000.00
Total Assets 1,287,200.00