Dasmarinas Duplicators

Trial Balance
June 30,2020
ACCOUNT TITLES   DEBIT   CREDIT
Cash   ₱ 34,800.00  
Accounts Receivable   142,800.00    
Supplies   70,800.00    
Equipment   560,000.00    
Accounts Payable       ₱ 15,800.00
Pascual, Capital       513,000.00
Pascual, Withdrawals   50,000.00    
Revenues       379,200.00
Salaries Expense   35,000.00    
Rent Expense   10,000.00    
Utilities Expense   4,600.00    
         
Totals   ₱ 908,000.00 ₱ 908,000.00
         
         
         
         
         
Activity 14
Corrected Trial Balance
 Activity 13
Journalizing

P.
DATE ACCOUNT TITLES AND EXPLANATION R DEBIT CREDIT
Mar. 1 Cash 110 ₱ 42,500.00  
  Brite, Capital 310   ₱ 42,500.00
(To record Marly Brite’s investment on cash to
  Marlon Brite, M.D.)      
         
2 Medical Equipment 140 95,000.00  
  Cash 110   15,000.00
  Notes Payable 210   80,000.00
( To record the acquisition of Office Equipment
from Tammy Medical Equipment Company with
cash as downpayment and issuing a notes
  payable for the balance .)      
         
3 Rent Expense 520 7,500.00  
  Cash 110   7,500.00
  ( To record the payment of March's Rent.)      
         
5 Medical Supplies 130 15,250.00  
  Accounts Payable 220   15,250.00
(To record the acquisition of medical supplies on
  account from Zeny Medical Supply.)      
         
7 Cash 110 18,450.00  
  Medical Revenues 410   18,450.00
(To record the cash received from patients for
  the services rendered.)      
         
9 Laboratory Expense 530 1,800.00  
  Cash 110   1,800.00
(To record the payment to Pablo Labs for
  laboratory work.)      
         
12 Salaries Expense 510 9,600.00  
  Cash 110   9,600.00
  ( To record the payment of salaries of medical      
  Technician and receptionist.)      
         
DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT
Mar. 15 Accounts Receivable 120 ₱ 51,700.00  
  Medical Revenues 110   ₱ 51,700.00
  (To record the amount of services rendered.)      
         
17 Accounts payable 220 3,750.00  
  Cash 110   3,750.00
( To record the payment to Zeny Medical
  Supply      
  Company on credit.)      
         
20 Telephone Expense 540 850.00  
  Cash 110   850.00
(To record the payment for Telephone
  Expense.)      
         
21 Miscellaneous Expense 550 1,150.00  
  Cash 110   1,150.00
(To record the payment for miscellaneous
  expense.)      
         
22 Cash 110 27,500.00  
  Accounts receivable 120   27,500.00
(To record the collected cash from customers
  billed on Mar. 15.)      
         
23 Medical Supplies 130 9,100.00  
  Accounts Payable 220   9,100.00
  (To record the medical supplies acquired from      
  Zeny Medical Supplies Company on credit.)      
         
25 Salaries Expense 510 11,200.00  
  Cash 110   11,200.00
  (To record the payment of salaries paid.)      
         
26 Accounts Receivable 120 40,150.00  
  Medical Revenues 410   40,150.00
(To record the Medical services rendered to
  patients.)      
         
DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT
27 Accounts payable 220 ₱ 6,150.00  
  Cash 110   ₱ 6,150.00
(Paid Zeny Medical Supply Company on credit)      
         
28 Brite, Withdrawals 320 15,000.00  
  Cash 110   15,000.00
  (To record the withdrawal of Marly Brite.)      
         

 TOTAL     ₱ 356,650.00   ₱ 356,650.00

POSTING

P.R 110   CASH

DATE Debit DATE Credit
Mar. 1  ₱ 42,500.00 Mar.  2 ₱ 15,000.00
 7 18,450.00 3 7,500.00
 22 27,500.00  9 1,800.00
  88,450.00  12 9,600.00
       20 850.00
       21 1,150.00
       25 11,200.00
      27 6,150.00
       17 3,750.00
       28 15,000.00
        72,000.00

BALANCE   ₱ 16,450.00    

P.R 120   ACCOUNTS RECEIVABLE

DATE Debit DATE Credit
Mar  15 ₱ 51,700.00 Mar  22 ₱ 27,500.00
 26 40,150.00      
  91,850.00      27,500.00

BALANCE   ₱ 64,350.00      

P.R 130   MEDICAL SUPPLIES

DATE Debit DATE Credit
Mar  5 ₱ 15,250.00      
 23 9,100.00      
           
BALANCE   ₱ 24,350.00      

P.R 140   MEDICAL EQUIPMENT

DATE Debit DATE Credit
Mar 2  ₱ 95,000.00      

BALANCE   ₱ 95,000.00      
P.R
520   RENT EXPENSE
DAT
DATE Debit E Credit
Mar  3 ₱ 7,500.00      

BALANCE   ₱7,500.00      
P.R 530   LABORATORY EXPENSE
DATE Debit DATE Credit
Mar  9 ₱ 1,800.00      

BALANCE   ₱ 1,800.00      

P.R 550   MISCELLANEOUS EXPENSE

DAT
DATE Debit E Credit
Mar 21 ₱ 1,150.00      

BALANCE   ₱ 1,150.00      
P.R 210   NOTES PAYABLE
DATE Debit DATE Credit
      Mar  2 ₱ 80,000.00
           
      BALANCE   ₱ 80,000.00

P.R 220   ACCOUNTS PAYABLE

DATE Debit DATE Credit
Mar 17  ₱ 3,750.00 Mar  5 ₱ 15,250.00
 2
Mar  27 6,150.00 Mar 3 9,100.00
           
  ₱ 9,900.00   ₱ 24,350.00

      BALANCE   ₱14,450.00

P.R 310   BRITE, CAPITAL

DATE Debit Credit
    Mar  1 ₱ 42,500.00

      BALANCE   ₱ 42,500.00
P.R 320   BRITE, WITHDRAWALS
DAT
DATE Debit E Credit
Mar  28 ₱ 15000.00      

BALANCE   ₱15,000.00      
P.R 410   MEDICAL REVENUES
DATE Debit DATE Credit
    Mar  7 ₱ 18,450.00
     15 51,700.00
     26 40,150.00

      BALANCE   ₱ 110,300.00

P.R 510   SALARIES EXPENSE

DATE Debit DATE Credit
 1
Mar 2 9,600.00      
 2
5 11,200.00      

BALANCE   20,800.00      
P.R 540   TELEPHONE EXPENSE
DATE Debit DATE Credit
Mar  20 ₱ 850.00      

BALANCE   ₱ 850.00      
Preparing a Trial Balance

Marlon Brite, M.D

Trial Balance
March 30,2020
DEBIT
ACCOUNT TITLES CREDIT
Cash ₱ 16,450.00  
Accounts Receivable 64,350.00  
Medical Supplies 24,350.00  
Medical Equipment 95,000.00  
Notes Payable   ₱ 80,000.00
Accounts Payable   14,450.00
Brite, Capital   425,00.00
Pascual, Withdrawals 15,000.00  
Medical Revenues   110,300.00
Salaries Expense 20,800.00  
Rent Expense 7,500.00  
Laboratory Expense 1,800.00  
Telephone Expense 850.00  
Miscellaneous Expense 1,150.00  
     

Totals 247,250.00 247,250.00

 Activity 12
Journalizing

DEBIT CREDIT
DATE ACCOUNT TITLES AND EXPLANATION P.R
 May 2 Cash  110  ₱ 92, 500.00  
Yu, Capital 310 ₱ 92,500.00
(To record the investment of Toni Yu on cash to Toni
Yu CPA)

3 Office Equipment 150 36,800.00

Accounts Payable 36,800.00
(To record the acquisition of an office equipment on
credit from Gicain Furniture)

4 Office Supplies 130 17,100.00

Accounts Payable 220 17,100.00
(To record the acquisition of the office supplies on
credit from Lorenzo Office Supply Company)

6 Accounts Receivable 120 29,200.00

Accounting Revenues 410 29,200.00
(To record the amount of the accounting services
rendered to Xendie Computer Company)

7 Accounting Library 160 19,500.00

Cash 110 19,500.00
(To record the payment of tax books for use in the
practice on cash)

8 Accounts Payable 220 4,100.00

Cash 110 4,100.00
(To record the payment of a payable to Lorenzo Office
Supply Company)

10 Office Condominium 140 265,000.00

Cash 110 38,000.00
Notes Payable 210 227,00.00
(To record the acquisition of a condominium unit on
cash as down payment and issued a note for the
remaining balance)

DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT

 May 12 Salaries Expense 510 ₱ 14,200.00
Cash 110 ₱ 14,200.00
(To record the payment of salaries on cash)

13 Cash 110 9,750.00

Accounts Receivable 120 9,750.00
(To record the cash collected on the services rendered
on May 6)

16 Telephone Expense 530 650.00

Cash 110 650.00
(To record the payment of telephone expense on cash)

19 Cash 110 14,600.00

Accounting Revenues 410 14,600.00
(To record the amount received for accounting services
rendered for the month from Ponfereda Book
Company)

22 Office Supplies 130 4,650.00

Accounts Payable 220 4,650.00
(To record the acquisition of office supplies on account
from Lorenzo Office Supply Company)

23 Yu Withdrawals 320 8,150.00

Cash 110 8,150.00
(To record the withdawals of the owner for personal
use)

25 Salaries Expense 510 10,300.00

Cash 110 10,300.00
(To record the payment of salaries)

26 Accounts Receivable 120 31,600.00

Accounting Revenues 410 31,600.00
(To record the Accounting services rendered to
Bosante Exporters)

27 Professional Dues Expense 540 5,500.00

Cash 110 5,500.00
(To record the payment of professional dues to PICPA-
Tacloban)
DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT
May 28 Rent Expense 520 ₱ 3,250.00
 Cash 110 ₱ 3,250.00

TOTAL
Posting

P.R 110   CASH

DATE Debit DATE Credit
May 2 ₱ 92,500.00 May 7 ₱ 19,500.00
13 9,750.00 8 4,100.00
14,600.00 38,00.00
14,200.00
116,850.00
650
8,150.00
10,300.00
5,500.00
3,250.00
103,650.00

₱ 13,200.00
BALANCE

P.R 120   ACCOUNTS RECEIVABLE

DATE Debit DATE Credit
Mar  15 ₱ 51,700.00 Mar  22 ₱ 27,500.00
 26 40,150.00      
  91,850.00      27,500.00

BALANCE   ₱ 64,350.00      

P.R 130   OFFICE SUPPLIES

DATE Debit DATE Credit
Mar  5 ₱ 17,100.00      
 23 4,650.00      
           
BALANCE   ₱ 21,750.00      

P.R 140   OFFICE EQUIPMENT

DATE Debit DATE Credit
Mar 2  ₱ 36,800.00      

BALANCE   ₱ 36,800.00      
P.R
520   RENT EXPENSE
DAT
DATE Debit E Credit
Mar  3 ₱ 3,250.00      

BALANCE   ₱ 3,250.00      

P.R 530   LABORATORY EXPENSE

DATE Debit DATE Credit
Mar  9 ₱ 1,800.00      

BALANCE   ₱ 1,800.00      

P.R 550   MISCELLANEOUS EXPENSE

DAT
DATE Debit E Credit
Mar 21 ₱ 1,150.00      

BALANCE   ₱ 1,150.00      
P.R 210   NOTES PAYABLE
DATE Debit DATE Credit
      Mar  2 ₱ 227,00.00
           
      BALANCE   ₱ 227,00.00

P.R 220   ACCOUNTS PAYABLE

DATE Debit DATE Credit
Mar 17  ₱ 3,750.00 Mar  5 ₱ 15,250.00
 2
Mar  27 6,150.00 Mar 3 9,100.00
           
  ₱ 9,900.00   ₱ 24,350.00

      BALANCE   ₱14,450.00
P.R 310   BRITE, CAPITAL
DATE Debit Credit
    Mar  1 ₱ 42,500.00

      BALANCE   ₱ 42,500.00

P.R 320   BRITE, WITHDRAWALS

DAT
DATE Debit E Credit
Mar  28 ₱ 15000.00      

BALANCE   ₱15,000.00      

P.R 410   MEDICAL REVENUES

DATE Debit DATE Credit
    Mar  7 ₱ 18,450.00
     15 51,700.00
     26 40,150.00

      BALANCE   ₱ 110,300.00

P.R 510   SALARIES EXPENSE

DATE Debit DATE Credit
 1
Mar 2 9,600.00      
 2
5 11,200.00      

BALANCE   20,800.00      
P.R 540   TELEPHONE EXPENSE
DATE Debit DATE Credit
Mar  20 ₱ 850.00      

BALANCE   ₱ 850.00      
Preparing Trial Balance
 Activity 11
Journalizing

DEBIT
DATE ACCOUNT TITLES AND EXPLANATION P.R CREDIT
April 2 Cash 110 ₱ 71,000.00
Painting Equipment 12,300.00
Almoro, Capital ₱ 83,300.00
(To record the investment of Almoro to her business
on cash and equipment)

3 Service Vehicle 80,000.00

Cash 50,000.00
Notes Payable 30,000.00
(To record the acquisition of a service vehicle on cash
and signed a note for the balance)

4 Painting Supplies 3,200.00

Accounts Payable 3,200.00
(To record the purchase painting supplies on account)

5 Accounts Receivable 4,800.00

Painting revenues 4,800.00
(To record the amount of painting job rendered)

7 Cash 1,500.00
Painting Revenues 1,500.00
(To record the cash received for rendering services)

10 Painting Supplies 1,600.00

Cash 1,600.00
(To record the painting supplies purchased on cash)

11 Cash 4,800.00
Accounts Receivables 4,800.00
(To record the cash received from the customer billed
on April 4)

12 Prepaid Insurance 4,000.00

Cash 4,000.00
(To record the payment for insurance policy for one
year coverage)

DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT

 April 13 Accounts Receivable ₱ 6,200.00
Painting Revenues ₱ 6,200.00
(To record the amount of painting job)

14 Wages Expense 1,500.00

Cash 1,500.00
(To record the payment for the assistant for twenty-
five hours of work on cash)

15 Maintenance Expense 400.00

Cash 400.00
(To record the payment for a tune up of the service
vehicle)

18 Accounts Payable 3,200.00

Cash 3,200.00
(To record the payment for the supplies purchased on
April 4)

20 Painting Equipment 6,000.00

Painting Supplies 2,900.00
Accounts Payable 8,900.00
(To record the purchase of a new ladder and painting
supplies on account)

22 Utilities Expense 600.00

Utilities Payable 600.00
(To record the amount of utilities to be paid next
month)

23 Cash 3,300.00
Accounts Receivable 3,300.00
(To record the cash received from the customer billed
on April 13)

24 Almoro, Withdrawals 3,000.00

Cash 3,000.00
(To record the amount withdrawn by the owner)

DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT

 April 25 Cash ₱ 3,600.00
Painting Revenues ₱ 3,600.00
(To record the amount received for painting a two-
room apartment)

27 Notes Payable 2,000.00

Cash 2,000.00
(To record the payment for the noted signed for the
service vehicle)

29 Wages Expense 1,800.00

Cash 1,800.00
(To record the payment to the assistant for thirty
hours of work)

TOTAL
Posting
Trial Balance
 Activity 10
Preparing a Trial Balance

Aristotle Go, Advertising Agency

Trial Balance
December 31 2019

ACCOUNT TITLES DEBIT CREDIT

Cash ₱ 21,000.00  
Accounts Receivable 28,500.00  

Building 375,000.00  
Land 87,000.00  
Notes Payable   ₱ 135,000.00
Accounts Payable   26,400.00
Go, Capital   254,700.00
Go, Withdrawals 18,000.00  
Service Revenues   258,000.00
Salaries Expense 75,000.00  
Supplies Expense 15,000.00  
Insurance Expense 9,600.00  
Utilities Expense 30,000.00  
Equipment Rental Expense 15,000.00  
     

Totals ₱ 674,100.00 ₱ 674,100.00

 Activity 9
Journal Entries

DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT

Octobe
r 1 Cash 110 ₱ 19,500.00
Alvarez, Capital ₱ 19,500.00
(To record the investment of Gina Alvarez to the
Alvarez Delivery Services)

2 Service Vehicle 63,000.00

Cash 7,000.00
Notes Payable 56,000.00
(To record the Acquisition of second hand service
vehicle paying cash for a down payment and issuing a
notes payable for the balance)

4 Rent Expense 2,950.00

Cash 2,950.00
(To record the payment of the rent for the month)

5 Supplies 8,200.00
Accounts Payable 8,200.00
(To record the Acquisition of supplies on account)

6 Prepaid Insurance 4,500.00

Cash 4,500.00
(To record the payment for three months insurance)

8 Cash 13,900.00
Delivery Revenues 13,900.00
(To record the Cash received for delivery work to
Pascua Corporation)

1
0 Supplies 2,050.00
Cash 2,050.00
(To record the acquisition of additional supplies on
cash)

1
3 Salaries Expense 3,900.00
Cash 3,900.00
(To record the payment for salaries expense)
DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT
Octobe 1
r 6 Accounts Receivable 110 ₱ 15,250.00
Delivery Revenues ₱ 15,250.00
(To record the amount of services rendered to Luisita
Company)

1
7 Accounts Payable 2,300.00
Cash 2,300.00
(To record the payment of amount owed from the Oct.
transaction)

1
9 Miscellaneous Expense 1,700.00
Cash 1,700.00

2
1 Alvarez Withdrawals 6,150.00
Cash 6,150.00
(To record the amount withdrawn by the owner)

2
2 Cash 9,500.00
Accounts Receivable 9,500.00
(To record the amount of collected cash from Luisita
Company)

2
4 Salaries Expense 4,200.00
Cash 4,200.00
(To record the payment for salaries expense)

2
5 Utilities Expense 800.00
Cash 800.00

2
7 Accounts Receivable 13,400.00
Delivery Revenues 13,400.00
(To record the amount of services rendered to
Cojuanco Company)
TOTAL
 Activity 8
Journal Entries

DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT

April 1 Cash 110 ₱ 67,000.00
Marky, Capital ₱ 67,000.00
(To record the amount invested by Marky to his
business Marky Plumbing)

2 Service Vehicle 81,00.00

Cash 17,500.00
Notes Payable 63,500.00
(To record the acquisition of a service vehicle paying
cash as down payment and a note payable for the
remainder)

3 Rent Expense 7,150.00

Cash 7,150.00
(To record the payment of rent for the month)

6 Plumbing Supplies 15,700.00

Accounts Payable 15,700.00
(To record the Acquisition of plumbing supplies on
account)

7 Prepaid Advertising 6,000.00

Cash 6,000.00
(To record the payment for three months advertising
on cash)

8 Cash
Plumbing Revenues
(To record the cash received for plumbing services
rendered)

9 Plumbing Supplies
Cash
(To record the acquisition of additional plumbing
supplies on cash)

DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT

 1
April 1 Salaries Expense ₱ 11,600.00
Cash ₱ 11,600.00
(To record the payment of salaries on cash)

1
5 Accounts Receivable 42,200.00
Plumbing Revenues 42,200.00
(To record the services rendered to customers)

1
6 Accounts Payable 5,700.00
Cash 5,700.00
(To record the payment of amount owed from the
transaction of April 6.)

1
9 Miscellaneous Expense 4,300.00
Cash 4,300.00
(To record the payment for miscellaneous expense on
cash)

2
0 Cash 21,000.00
Accounts Receivable 21,000.00
(To record the cash collected from the customers on
the April 15 transaction)

2
1 Marky Withdrawals 14,500.00
Cash 14,500.00
(To record the withdrawal of the owner from the
business)

2
2 Salaries Expense 14,100.00
Cash 14,100.00
(To record the payment for salaries on cash)

2
4 Notes Payable 3,850.00
Cash 3,850.00
(To record the payment for the first instalment of the
note payable)
 2
5 Telephone Expense 1,250.00
Cash 1,250.00
(To record the payment for the telephone on cash)

DATE ACCOUNT TITLES AND EXPLANATION P.R DEBIT CREDIT

2
April 7 Accounts Receivable ₱ 14,150.00
Plumbing Revenue ₱ 14,150.00
(To record the amount of services rendered to Bel
Company)

TOTAL