ACT. No. 4.3.2.

3 Elaborate – Preparing adjusting entries from unadjusted and adjusted trial balance
DC Cruz Architectural Design
Trial Balance
December 31, 2019

Unadjusted Trial Balance Adjustments

Dr Cr Dr Cr
Cash P72,000
Accounts Receivable 331,000
Prepaid Insurance 48,000 a) P12,000
Supplies 125,000 b) 53,000
Land 170,000
Building 850,000
Accumulated Depreciation- Building P230,000 c) 15,000
Computer Equipment 620,000
Accumulated Depreciation- Computer Equipment 106,000 d) 18,000
Notes Payable 550,000
Accounts Payable 143,000
Salaries Payable e) 34,000
Interest Payable f) 77,000
Mortgage Payable 470,000
Cruz, Capital 310,000
Cruz, Withdrawals 250,000
Architectural Design Service Revenues 1,470,000
Salaries Expense 813,000 e) P34,000
Insurance Expense a) 12,000
Supplies Expense b) 53,000
Depreciation Expense- Building c) 15,000
Depreciation Expense- Computer Equipment d) 18,000
Interest Expense f) 77,000
Totals P3,279,000 P3,279,000 P209,000 P209,000
 DC Cruz Architectural Design
Adjusting Entries
For the month ending December 31, 2019

Adjusted Trial Balance Date Account Name Dr

Dr Cr Dec. 31 Insurance Expense 12,000
P72,000 Prepaid Insurance
331,000
36,000 Dec. 31 Supplies Expense 53,000
72,000 Supplies
170,000
850,000 Dec. 31 Depreciation Expense- Building 15,000
P245,000 Accumulated Depreciation- Building
620,000
124,000 Dec. 31 Depreciation Expense- Computer Equipment 18,000
550,000 Accumulated Depreciation- Computer Equipment
143,000
34,000 Dec. 31 Salaries Expense 34,000
77,000 Salaries Payable
470,000
310,000 Dec. 31 Interest Expense 77,000
250,000 Interest Payable
1,470,000
847,000
12,000
53,000
15,000
18,000
77,000
P3,423,000 P3,423,000
Cr

12,000

53,000

15,000

18,000

34,000

77,000