PROMOTE Engineering Services, owned by Yvone Iris, had the following transactions during the month of February 2016:

Feb 1 – Angel invested the following:

Cash in bank P300,000
Printing equipment 600,000
Binding equipment 150,000
2 – Paid the following:
Taxes and Licenses P10,000
Rent expenses 8,000
3 – Received cash for printing services, P40,000
4 – Bought office supplies on account, P10,000
6 – Billed the customer for various services, P60,000
8 – Paid the advertising for six-month period, P15,000
10 – Received notes from customer for various services, P30,000
12 – Received check amounting to P25,000 as partial payment of February 6 billing. The check was deposited immediately.
14 – Withdrew P10,000 for personal use
15 – Paid the salaries of the workers, P10,000.
16 – Issued check as payment of office supplies
18 – Received cash for services rendered, P40,000. The cash remained in the vault.
20 – Collected the balance of February 6 billing
24 – Billed the customer for various services, P75,000
25 – Collected one-half of the notes on February 10
28 – Purchased office supplies on account, P15,000
- Paid the following:
Transportation Expenses 3,000
Light and Water 15,000

Account Titles:
Cash on Hand
Cash on Bank
Accounts Receivable
Notes Receivable
Office Supplies
Printing Equipment
Binding Equipment
Accounts Payable
Angel, Capital
Angel, Drawing
Printing Income
Taxes and Licenses
Rent Expenses
Advertising Expenses
Salaries and Wages
Transportation expense
Light and water
2020 Particulars P.R. Debit Credit
1 Cash on hand P 3 0 0 0 0 0
Printing 6 0 0 0 0 0
Binding Equipment 1 5 0 0 0 0
Yvone, Capital P 1 0 5 0 0 0 0
#
2 Taxes and Licenses 1 0 0 0 0
Rent Expense 8 0 0 0
Cash on hand 1 8 0 0 0
#
3 Cash on hand 4 0 0 0 0
Printing Income 4 0 0 0 0
#
4 Office Supplies 1 0 0 0 0
Accounts Payable 1 0 0 0 0
#
6 Accounts Receivable 6 0 0 0 0
Printing Income 6 0 0 0 0
#
8 Advertising Expense 1 5 0 0 0
Cash on hand 1 5 0 0 0
#
10 Notes Receivable 3 0 0 0 0
Cash on hand 3 0 0 0 0
#
12 Cash on bank 2 5 0 0 0
Accounts Receivable 2 5 0 0 0
#
14 Yvone, Drawing 1 0 0 0 0
Cash on hand 1 0 0 0 0
#
15 Salaries and Wages 1 0 0 0 0
Cash on hand 1 0 0 0 0
#
16 Accounts Payable 1 0 0 0 0
Cash on bank 1 0 0 0 0
#
18 Cash on hand 4 0 0 0 0
Printing Income 4 0 0 0 0
#
20 Cash on hand 3 5 0 0 0
Accounts Receivable 3 5 0 0 0
#
24 Accounts Receivable 7 5 0 0 0
Printing Income 7 5 0 0 0
#
25 Cash on hand 1 5 0 0 0
Printing Income 1 5 0 0 0
#
28 Office Supplies 1 5 0 0 0
Accounts Payable 1 5 0 0 0
#
Transportation Expense 3 0 0 0
Light and Water 1 5 0 0 0
Cash on hand 1 8 0 0 0
 Name Of Company
Worksheet
31-Dec-16

Trial Balance Comprehensive Income Financial Position

Account Titles Dr Cr Dr Cr Dr
Cash on Hand 329,000.00 329,000.00
Cash on Bank 15,000.00 15,000.00
Accounts Receivable 75,000.00 75,000.00
Notes Receivable 30,000.00 30,000.00
Office Supplies 25,000.00 25,000.00
Printing Equipment 600,000.00 600,000.00
Binding Equipment 150,000.00 150,000.00
Accounts Payable 15,000.00
Angel, Capital 1,050,000.00
Angel, Drawing 10,000.00 10,000.00
Printing Income 230,000.00 230,000.00
Taxes and Licenses 10,000.00 10,000.00
Rent Expenses 8,000.00 8,000.00
Advertising Expenses 15,000.00 15,000.00
Salaries and Wages 10,000.00 10,000.00
Transportation expense 3,000.00 3,000.00
Light and water 15,000.00 15,000.00
Total 1,295,000.00 1,295,000.00 61,000.00 230,000.00 1,234,000.00
Net Income 169,000.00
Grand Total 230,000.00 230,000.00 1,234,000.00
Totals
Net Income
Totals
Financial Position
Cr

15,000.00
1,050,000.00

1,065,000.00
169,000.00
1,234,000.00