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  • Trial Balance

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    ANDREA OLIVAS
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    This adjusted trial balance on August 2017 shows the financial position of Mindoro Enterprises with assets totaling P463,350 including cash, accounts receivable, inventory, and property and liabilities of the same amount including accounts payable, loans, capital, and various expenses for the period. It provides an overview of the company's revenues, expenses, and assets and liabilities at a point in time.

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    This adjusted trial balance on August 2017 shows the financial position of Mindoro Enterprises with assets totaling P463,350 including cash, accounts receivable, inventory, and property and liabilities of the same amount including accounts payable, loans, capital, and various expenses for the period. It provides an overview of the company's revenues, expenses, and assets and liabilities at a point in time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    9 views1 page

    Trial Balance

    Uploaded by

    ANDREA OLIVAS
    This adjusted trial balance on August 2017 shows the financial position of Mindoro Enterprises with assets totaling P463,350 including cash, accounts receivable, inventory, and property and liabilities of the same amount including accounts payable, loans, capital, and various expenses for the period. It provides an overview of the company's revenues, expenses, and assets and liabilities at a point in time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Mindoro Enterprises

    Adjusted Trial Balance

    August, 2017

    Debit Credit

    Cash P120,150.00

    Accounts Receivable 2,500.00

    Office Supplies 1,800.00

    Merchandise Inventory 63,000.00

    Furniture 35,000.00

    Accumulated Depreciation-Furniture P583.33

    Computer 45,000.00

    Accumulated Depreciation-Computer 750.00

    Accounts Payable 77,600.00

    Loans Payable 100,000.00

    Interest Payable 666.67

    De Leon Capital 100,000.00

    De Leon Withdrawal 5,000.00

    Sales 118,000.00

    Sales Discount 3,150.00

    Purchases 157,000.00

    Freight In 450.00

    Purchases Discount 2,750.00

    Licenses 5,000.00

    Rent Expense 5,000.00

    Salaries Expense 10,000.00

    Freight Out 2,000.00

    Utilities Expense 5,600.00

    Office Supplies Expense 650.00

    Depreciation Expense-Furniture 583.33

    Depreciation Expense-Computer 750.00

    Interest Expense 666.67

    Income Summary 63,000.00

    Total P463,350.00 P463,350.00

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