Trial Balance Adjustments Adjusting Trial Balance

Account Name Debit Credit Debit Credit Debit Credit

Cash P103,800 P103,800
Accounts Receivable 48,000 48,000
Prepaid Supplies 7,200 2,500 4,700
Office Equipment 54,000 54,000
Accumulated Depreciation 1,500 1,500
Accounts Payable 27,000 27,000
Accrued Salaries Payable 1,800 1,800
Detoya, Capital 150,000 150,000
Detoya, Withdrawal 12,000 12,000
Professional Fees Income 68,000 1,700 69,700
Accrued Professional Fees Income 1,700 1,700
Salaries Expense 12,000 1,800 13,800
Rent Expense 8,000 8,000
Supplies Expense 2,500 2,500
Depreciation Expense 1,500 1,500
TOTAL P245,000 P245,000 7,500 7,500 250,000 250,000

NET INCOME
 Income Statement Balance Sheet
Debit Credit Debit Credit
P103,800
48,000
4,700
54,000
1,500
27,000
1,800
150,000
12,000
69,700
1,700
13,800
8,000
2,500
1,500
25,800 69,700 224,200 224,200

69,700
-25,800
NET INCOME 43,900