page 235 of your book JEAN

Account Titles

current asset Cash in Bank

current asset Accounts Receivable
contra asset Est. Uncollectible Account
NOTES RECEIVABLE
INTEREST RECEIVABLE/ACCRUED INTEREST INCOME
current asset Unused Supplies
current asset Prepaid Rent
non-current asset Delivery Trucks
contra-asset Acc. Depreciation- Delivery Truck
current liability Accounts Payable
UNEARNED TRUCKING INCOME
current liability Salaries Payable/Accrued Salaries & Wages
owner's equity Jean Tan, Capital
owner's equity Jean Tan, Drawing
income Trucking Income
INTEREST INCOME
expense Taxes & Licenses
expense Repairs & Maintenance
expense Salaries & Wages
expense Insurance Expense
expense Utilities Expense
expense Uncollectible Account Expense
expense Rent Expense
expense Depreciation Expense
expense Used supplies/ Supplies Expense
SUBTOTAL
LOSS
TOTAL
 JEAN TAN TRUCKING SERVICES
WORKSHEET
JUNE 30, 20B
Unadjusted Trial Balance Adjustments Adjusted Trial Balance
DR. CR. DR. CR. DR. CR.
2,150
320,000
7,000
450,000

25,000
70,000
3,000,000
185,000
60,000
450,000

3,215,650
50,000
395,000

8,500
97,000
240,000
10,000
40,000

4,312,650.00 4,312,650.00

4,312,650.00 4,312,650.00
0.00
 Additional information:

1. Supplies on hand as at June 30, 20B IS P21,000.00

Income statement Balance Sheet 2. ONE-THIRD OF THE UNEARNED INCOME HAS BEEN EA
DR. CR. DR. CR. 3. DEPRECIATION FOR THE YEAR AMOUNTED TO P161,0
4. SALARIES IN THE AMOUNT OF P14,000 HAVE ACCRUE
5. THE NOTES RECEIVABLE WERE ACCEPTED FROM SEVE
6. THE P70,000 PREPAID RENT REPRESENTS EXPENDITU
 ne 30, 20B IS P21,000.00
ARNED INCOME HAS BEEN EARNED AS AT JUNE 30,20B.
YEAR AMOUNTED TO P161,000 FOR THE DELIVERY TRUCK.
NT OF P14,000 HAVE ACCRUED AT YEAR-END.
WERE ACCEPTED FROM SEVERAL CUSTOMERS. THE NOTES WERE ISSUED ON SEPT. 1, 20A AND WILL NE SETTLED TOGETHER WITH 20% I
NT REPRESENTS EXPENDITURE MADE ON NOV. 1,20A FOR MONTHLY RENTAL OVER THE NEXT 18 MONTHS.
NE SETTLED TOGETHER WITH 20% INTERESY ON THE FOLLOWING YEAR SEPT 1, 20B.