Preparing Adjusting Entries and Completing the Worksheet

Information Systems
Worksheet
Dec. 31, 2024

Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
No. Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
110 Cash P75,000 P75,000 P75,000
120 Notes Receivable 78,000 78,000 78,000
130 Accounts Receivable 156,000 156,000 156,000
140 Office Supplies 63,000 a P42,000 21000 21,000
150 Land 300,000 300,000 300,000
160 Building 1,590,000 1,590,000 1,590,000
165 Accumulated Depreciation –Building P254,000 c 38000 P292,000 P292,000
170 Equipment 2,150,000 2,150,000 2,150,000
175 Accumulated Depreciation - 612,000 c 123000 735,000 735,000
Equipment
210 Accounts Payable 213,000 213,000 213,000
220 Unearned Consulting Revenues 450,000 b P150000 300,000 300,000
230 Salaries Payable d 14000 14,000 14,000
310 Capital,1/1/2024 2,403,000 2,403,000 2,403,000
320 Withdrawals 600,000 600,000 600,000
410 Consulting Revenues 2,108,000 b 150000 2,258,000 2,258,000
510 Salaries Expense 875,000 d 14000 889,000 P889,000
520 Repairs Expense 116,000 116,000 116,000
530 Office Supplies Expense a 42,000 42,000 42,000
540 Miscellaneous Expense 37,000 37,000 37,000
550 Depreciation Expense-Building c 38000 38,000 38,000
560 Depreciation Expense-Equipment c 123000 123,000 123,000
TOTAL 6,040,000 6,040,000 367,000 367,000 6,215,000 6,215,000 1,245,000 2,258,000 4,970,000 3,957,000
PROFIT/LOSS 1,013,000 1,013,000
TOTAL 2,258,000 2,258,000 4,970,000 4,970,000