JOURNAL ENTRIES

Date
Journal Entry
2020
ADJUSTING ENTRIES

Date
Journal Entry
2020
 (Optional)

Account No.
Account # Debit (Dr) Credit (Cr)
A

-
S

S
-

-
T

S
-
L
I
- A
B
&
- CAPITAL
DRAWING
REVENUE
-
E

X
-

-
E

N
-

-
E

S
 S
-

Account # Debit (Dr) Credit (Cr)

-
-

-
-
 Unadjusted Trial Balance
Account Name
Dr Cr
TOTALS - -
Adjustments:
Net Income (Loss)
TOTALS

* if revenue > total expense = Net income (Total of credit less total debits in IS )
* if revenue < total expense = Net Loss (Total of debit less total credits in IS )
 Adjustments Adjusted Trial Balance Income Statement
Dr Cr Dr Cr Dr
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
 - -
- - - - -
-
-
Income Statement Balance Sheet
Cr Dr Cr
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- - -
-
- - -
POSTING TO LEDGER
ASSET ACCOUNTS

Account Title:
Date
Item Ref.
Year
Month Day

Account Title:
Date
Item Ref.
Year
Month Day

Account Title:
Date
Item Ref.
Year
Month Day
Account Title:
Date
Item Ref.
Year
Month Day

Account Title:
Date
Item Ref.
Year
Month Day

Account Title:
Date
Item Ref.
Year
 Month Day

Account Title:
Date
Item Ref.
Year
Month Day

Account Title:
Date
Item Ref.
Year
Month Day
Account Title:
Date
Item Ref.
Year
Month Day

Account Title:
Date
Item Ref.
Year
Month Day
Debit Credit Balance

-
-
-
-
-
-
-
-
-
-

Debit Credit Balance

-
-
-
-
-
-
-
-
-
-

Debit Credit Balance

-
-
-
 -
-
-
-
-
-
-

Debit Credit Balance

-
-
-
-
-
-
-
-
-
-

Debit Credit Balance

-
-
-
-
-
-
-
-
-
-

Debit Credit Balance

 -
-
-
-
-
-
-
-
-
-

Debit Credit Balance

-
-
-
-
-
-
-
-
-
-

Debit Credit Balance

-
-
-
-
-
-
-
-
-
-
Debit Credit Balance

-
-
-
-
-
-
-
-
-
-

Debit Credit Balance

-
-
-
-
-
-
-
-
-
-
 ABC-123 Tutors
UNADJUSTED TRIAL BALANCE
For the Year Ended December 31, 2020

Accounts Debit
Cash P 583,700
AR 48,000
Prepaid Rent 240,000
Supplies 21,000
Office Equipment 35,000
Accumulated Depreciation - Office Equipment
Accounts Payable
Utilities Payable
Unearned Tutorial Revenue
Cabrera, Capital
Cabrera, Drawings -
Tutorial Revenue
Depreciation Expense
Permits and Licenses 6,500
Supplies Expense
Rent Expense
Salaries Expense 125,000
Utilities Expense 37,600
TOTALS P 1,096,800

ABC-123 Tutors
ADJUSTED TRIAL BALANCE
For the Year Ended December 31, 2020

Accounts Debit
Cash P 591,700
AR 40,000
Prepaid Rent 120,000
Supplies 12,000
Office Equipment 35,000
Accumulated Depreciation - Office Equipment
Accounts Payable
Utilities Payable
Unearned Tutorial Revenue
Cabrera, Capital
Cabrera, Drawings -
Tutorial Revenue
Depreciation Expense 2,083
Permits and Licenses 6,500
Supplies Expense 9,000
Rent Expense 120,000
Salaries Expense 125,000
Utilities Expense 37,600
TOTALS P 1,098,883
E
020

Credit
P

-
19,800
450,000
535,000

92,000

P 1,096,800

020

Credit
P
 2,083
-
19,800
262,500
535,000

279,500

P 1,098,883
 * COMPANY NAME*
Statement of Financial Position
As of *Month , Year*

ASSETS

Current Asets
Cash P
Accounts Receivable
Prepaid Insurance
Supplies

Non Current Asset

Land P
Equipment P
Less: Accumulated Depreciation
Building P
Less: Accumulated Depreciation
Total Assets

LIABILITIES AND OWNER'S EQUITY

Current Liabilities
Accounts Payable P
Salaries Payable
Non Current Liabilities P
Notes Payable
Mortgage Payable
Total Liabilities

Owner's Equity
Capital
* * COMPANY
sition STATEMENT OF CHANGES
As of *Month

Beginning Capitall
Add: Additional Investment
Net Income
Less: Withdrawals
Net Loss
P 0 Ending Capital

0 * COMPANY
INCOME STAT
0 0 For the Period Ending *M
P 0

S EQUITY Revenue
Less: Operating Expenses:

P -

-
P 0

Net Income (Loss)

P
P 0
 * COMPANY NAME*
STATEMENT OF CHANGES IN OWNER'S EQUITY ST
As of *Month, Year*

inning Capitall P I. OPERATING ACTIVIT

Additional Investment
Net Income
Withdrawals
Net Loss
P -

* COMPANY NAME*
INCOME STATEMENT TOTAL CASH FROM OP
For the Period Ending *Month Day, Year* II. INVES

P
: Operating Expenses: TOTAL CASH FROM INV
P III. FINANCING ACT

TOTAL CASH FROM FIN

TOTAL CASH AVAILAB

-
Income (Loss) P -
 * COMPANY NAME*
STATEMENT OF CHANGES IN OWNER'S EQUITY
As of *Month, Year*

I. OPERATING ACTIVITIES
CASH RECEIVED FROM
SALES/INCOME P
COLLECTIONS
119,500
CASH PAYMENT FOR
EXPENSES 26,000
SUPPLIES 5,650
31,650

TOTAL CASH FROM OPERATING ACTIVITIES P 151,150

FIXED ASSETS

EQUIPMENT 75,000
75,000
TOTAL CASH FROM INVESTING ACTIVITIES
III. FINANCING ACT CAPITAL 650,000
LESS: DRAWING 7,000

TOTAL CASH FROM FINANCING ACTIVITIES P 643,000

TOTAL CASH AVAILABLE 491,850