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    Lycksele Rodulfa
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    The trial balance and adjusted trial balances for Rosalina Besario Surveyors for the year ended May 31, 2019 are presented. Various account balances were adjusted, including prepaid advertising, engineering supplies, accumulated depreciation, unearned survey revenues, salaries expense, and interest expense. The net income for the year was ₱1,150,000 based on revenues of ₱6,550,000 and expenses of ₱5,400,000.

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    The trial balance and adjusted trial balances for Rosalina Besario Surveyors for the year ended May 31, 2019 are presented. Various account balances were adjusted, including prepaid advertising, engineering supplies, accumulated depreciation, unearned survey revenues, salaries expense, and interest expense. The net income for the year was ₱1,150,000 based on revenues of ₱6,550,000 and expenses of ₱5,400,000.

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    9K views6 pages

    Worksheet Sample

    Uploaded by

    Lycksele Rodulfa
    The trial balance and adjusted trial balances for Rosalina Besario Surveyors for the year ended May 31, 2019 are presented. Various account balances were adjusted, including prepaid advertising, engineering supplies, accumulated depreciation, unearned survey revenues, salaries expense, and interest expense. The net income for the year was ₱1,150,000 based on revenues of ₱6,550,000 and expenses of ₱5,400,000.

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    Rosalina Besario Surveyors

    Trial Balance
    For the year ended May 31, 2019

    Trial Balance Adjustment Adjusted Trial Balance


    Account Titles Dr. Cr. Dr. Cr. Dr.
    Cash ₱ 210,000 ₱ 210,000
    Accounts Receivable 930,000 930,000
    Prepaid Advertising 360,000 140,000 220,000
    Engineering Supplies 270,000 180,000 90,000
    Survey Equipment 1,890,000 1,890,000
    Accumulated Depreciation –
    Survey Equipment 640,000 160,000
    Accounts Payable 190,000 190,000
    Unearned Survey Revenues 120,000 40,000
    Notes Payable 500,000
    Besario, Capital 1,120,000
    Besario, Withdrawals 700,000 700,000
    Survey Revenues 6,510,000 40,000
    Salaries Expense 3,270,000 140,000 3,410,000
    Rent Expense 960,000 960,000
    Insurance Expense 250,000 250,000
    Utilities Expense 160,000 160,000
    Miscellaneous Expense 80,000 80,000
    Totals ₱ 9,080,000 ₱ 9,080,000

    Advertising Expense 140,000 140,000


    Engineering Supplies Expense 180,000 180,000
    Depreciation Expense 160,000 160,000
    Salaries Payable 140,000
    Interest Expense 60,000 60,000 60,000
    Interest Payable ₱ 720,000 ₱ 720,000 ₱ 9,420,000
    Totals
    Surveyors
    nce
    May 31, 2019

    Adjusted Trial Balance Income Statement Balance Sheet


    Cr. Dr. Cr. Dr. Cr.

    800,000

    80,000
    500,000
    1,120,000

    6,550,000

    140,000
    60,000
    ₱ 9,250,000
    Rosalina Besario Surveyors
    Trial Balance
    For the year ended May 31, 2019

    Trial Balance Adjustment Adjusted Trial Balance


    Account Titles Dr. Cr. Dr. Cr. Dr.
    Cash ₱ 210,000 ₱ 210,000
    Accounts Receivable 930,000 930,000
    Prepaid Advertising 360,000 140,000 220,000
    Engineering Supplies 270,000 180,000 90,000
    Survey Equipment 1,890,000 1,890,000
    Accumulated Depreciation – 160,000
    Survey Equipment ₱ 640,000
    Accounts Payable 190,000
    Unearned Survey Revenues 120,000 ₱ 40,000
    Notes Payable 500,000
    Besario, Capital 1,120,000
    Besario, Withdrawals 700,000 700,000
    Survey Revenues 6,510,000 40,000
    Salaries Expense 3,270,000 140,000 3,410,000
    Rent Expense 960,000 960,000
    Insurance Expense 250,000 250,000
    Utilities Expense 160,000 160,000
    Miscellaneous Expense 80,000 80,000
    Totals ₱ 9,080,000 ₱ 9,080,000

    Advertising Expense 140,000 140,000


    Enginneering Supplies Expense 180,000 180,000
    Depreciation Expense 160,000 160,000
    Salaries Payable 140,000
    Interest Expense 60,000
    Interest Payable 60000 60,000

    Totals ₱ 720,000 ₱ 720,000 9,440,000


    Net Income
    Surveyors
    nce
    May 31, 2019

    Adjusted Trial Balance Income Statement Balance Sheet


    Cr. Dr. Cr. Dr. Cr.
    ₱ 210,000
    930,000
    220,000
    90,000
    1,890,000
    ₱ 160,000 ₱ 160,000
    640,000 640,000
    190,000 190,000
    80,000 80,000
    500,000 500,000
    1,120,000 1,120,000
    700,000
    6,550,000 6,550,000 6,550,000
    3,410,000 3,410,000
    960,000 960,000
    250,000 250,000
    160,000 160,000
    80,000 80,000

    140,000 140,000
    180,000 180,000
    160,000 160,000
    140,000 140,000
    60,000 60,000 60,000
    60,000

    9,440,000 5,400,000 6,550,000


    1,150,000
    6,550,000 6,550,000
    Prepaid Advertising 360 000
    Cash 360 000

    Advertising Expense 140 000


    Prepaid Advertising 140 000

    Engineering Supplies 270 000


    Cash 270 000

    Engineering Supplies Expense 180 000


    Engineering Supplies 180 000

    Depreciation Expense 160 000


    Accumulated Depreciation 160 000

    Cash 120 000


    Unearned Survey Revenues 120 000

    Unearned Survey Revenues 40 000


    Survey Revenues 40 000

    Salaries Payable 140 000


    Salaries Expense 140 000

    Interest Payable 60 000


    Interest Expense 60 000

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