Fundamentals of Accounting, Bus Management (Bridging)

Name Jan Ray Visperas Course/Year AOM-A Score .

Below is the adjusted Trial Balance of Golden Bright Company as of December 31, 2022

ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET

DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Cash 975,000 975,000
Accounts Receivable 1,250,000 1,250,000
Allowance for Bad Debts 62,500 62,500
Prepaid Rent 75,000 75,000
Office Supplies 45,000 45,000
Furniture and Fixtures 225,000 225,000
Accumulated Depreciation - F & F 45,000 45,000
Office Equipment 1,250,000 1,250,000
Accumulated Depreciation- Of Eq. 250,000 250,000
Accounts Payable 75,000 75,000
Loans Payable 375,000 375,000
Unearned Service Revenue 65,000 65,000
Gold, Capital 2,500,000 2,500,000
Gold, Drawings 75,000 75,000
Service Revenue 875,000 875,000
Interest Revenue 105,000 105,000
Salaries Expense 235,000 235,000
Office Supplies Expense 15,250 15,250
Miscellaneous Expense 15,500 15,500
Rent Expense 25,000 25,000
Utilities Expense 19,250 19,250
Depreciation Expense 147,500 147,500

TOTAL 4,352,500 4,352,500 457,500 980,000 3,895,000 3,372,500

Net Income 522,500 522,500
TOTALS 980,000 980,000 3,895,000 3,895,000