Dimayuga TV Repair Shop

Trial Balance
December 31, 2022

ACCOUN
ACCOUNTS TITLE DEBIT CREDIT
T CODE

1001 Cash 5,250

1002 Accounts Receivable 1,750
1003 Notes Receivable 2,500
1004 Prepaid Insurance 750
1005 Prepaid Rent 2,400
1006 Office Supplies 1,000
1007 Office Equipment 2,500
1008 Shop Supplies 2,000
1009 Shop Equipment 10,000
2001 Accounts Payable 2,000
2002 Notes Payable 7,000
3001 R. Dimayuga, Capital 10,600
3002 R. Dimayuga, Drawing 1,500
4001 Service Income 12,500
5001 Salaries Expense 1,000
5002 Advertising Expense 200
5003 Utilities Expense 150
5004 Miscellaneous Expense 1,100
32,100 32,100
 ADJUSTING ENTRY

DATE PARTICULAR PR DEBIT CREDIT

Dec 31 Rent Expense 5007 600

Prepaid Rent 1005 600
To record expired portion of prepaid rent
#
31 Office Supplies Expense 5005 300
Office Supplies 1006 300
To record office supplies on hand
#
31 Shop Supplies Expense 5006 1,300
Shop Supplies 1008 1,300
To record shop supplies on hand
#
31 Depreciation Expense - Office Equipment 5009 125
Accumulated Depreciation - Office Equipment 1009 125
To record office equipment depreciation
#
31 Depreciation Expense - Shop Equipment 5010 1,000
Accumulated Depreciation - Shop Equipment 1010 1,000
To record shop equipment depreciation
#
31 Insurance Expense 5008 187.5
Prepaid Insurance 1004 187.5
To record expired portion of prepaid insurance
#
31 Salaries Expense 5001 150
Salaries Payable 2003 150
To record salaries payable
#
31 Service Income 4001 200
Accounts Payable 2001 200
To record overpayment in revenues
#
31 Salaries Expense 5001 150
Salaries Payable 2003 150
To record salaries payable
#
PREPAID INSURANCE 1004
BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 Balance 750 750
Adjustment AEJ 187.5 562.5

PREPAID RENT 1005

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 Balance 2400 2400
Adjustment AEJ 600 1800

OFFICE SUPPLIES 1006

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 Balance 1000 1000
Adjustment AEJ 300 700

STORE SUPPLIES 1008

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 Balance 2000 2000
Adjustment AEJ 1300 700

ACCOUNTS PAYABLE 2001

BALANCE
PR
DATE PARTICULAR DEBIT CREDIT DEBIT CREDIT
Dec 31 Balance 2000 2000
Adjustment AEJ 200 2200

SERVICE INCOME 4001

BALANCE
PR
DATE PARTICULAR DEBIT CREDIT DEBIT CREDIT
Dec 31 Balance 12500 12500
Adjustment AEJ 200 12300

SALARIES EXPENSE 5001

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 Balance 1000 1000
Adjustment AEJ 150 1150
AEJ 150 1300

ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT 1010

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 AEJ 125 125
ACCUMULATED DEPRECIATION - STORE EQUIPMENT 10011
BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 AEJ 1000 1000

SALARIES PAYABLE 2003

BALANCE
PR
DATE PARTICULAR DEBIT CREDIT DEBIT CREDIT
Dec 31 AEJ 150 150
AEJ 150 300

OFFICE SUPPLIES EXPENSE 5005

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 AEJ 300 300

STORE SUPPLIES EXPENSE 5006

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 AEJ 1300 1300

RENT EXPENSE 5007

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 AEJ 600 600

INSURANCE EXPENSE 5008

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 AEJ 187.5 187.5

DEPRECIATION EXPENSE - OFFICE EQUIPMENT 5009

BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 AEJ 125 125

DEPRECIATION EXPENSE - STORE EQUIPMENT 5010

 BALANCE
DATE PARTICULAR PR DEBIT CREDIT
DEBIT CREDIT
Dec 31 AEJ 1000 1000
 Dimayuga TV Repair Shop
Trial Balance
December 31, 2022
UNADJUSTED TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET
ACCOUN
ACCOUNTS TITLE
T CODE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT

1001 Cash 5,250 5,250 5,250

1002 Accounts Receivable 1,750 1,750 1,750
1003 Notes Receivable 2,500 2,500 2,500
1004 Prepaid Insurance 750 ( d ) 187.5 562.50 562.50
1005 Prepaid Rent 2,400 ( a ) 600 1,800 1,800
1006 Office Supplies 1,000 ( b1 ) 300 700 700
1007 Office Equipment 2,500 2,500 2,500
1008 Shop Supplies 2,000 ( b2 ) 1300 700 700
1009 Shop Equipment 10,000 10,000 10,000
2001 Accounts Payable 2,000 ( f ) 200 2,200 2,200
2002 Notes Payable 7,000 7,000 7,000
3001 R. Dimayuga, Capital 10,600 10,600 10,600
3002 R. Dimayuga, Drawing 1,500 1,500 1,500
4001 Service Income 12,500 ( f ) 200 12,300 12300
5001 Salaries Expense 1,000 ( e & g ) 300 1,300 1300
5002 Advertising Expense 200 200 200
5003 Utilities Expense 150 150 150
5004 Miscellaneous Expense 1,100 1,100 1100
ADJUSTMENTS
1010 Accumulated Depreciation - Office Equipment ( c1 ) 125 125 125
1011 Accumulated Depreciation - Shop Equipment ( c2 ) 1000 1,000 1000
2003 Salaries Payable ( e & g ) 300 300 300
5005 Office Supplies Expense ( b1 ) 300 300 300
5006 Shop Supplies Expense ( b2 ) 1300 1,300 1,300
5007 Rent Expense ( a ) 600 600 600
5008 Insurance Expense ( d ) 187.5 187.50 187.50
5009 Depreciation Expense - Office Equipment ( c1 ) 125 125 125
5010 Depreciation Expense - Store Equipment ( c2 ) 1000 1,000 1,000
TOTAL 32,100 32,100 4,012.50 4,012.50 33,525 33,525 6,262.50 12,300 27,263 21,225
Profit or ( Loss ) 6,038 6,038
TOTAL 12,300 12,300 27,263 27,263