Cash A/R

a 280,000 1,000 b f 12,940

i 17,650 12,300 c n 5,500
1,080 e 18,440
1,850 g
3,500 h
1,000 j
8,400 k
3,500 l
8,500 m
297,650 41,130 DALANGIN, CAPITAL
256,520 280,000 a

ACCOUNTS PAYABLE
j 1,000 3950 b
2,750 d
1,000 6,700
5,700 RENT EXPENSE
k 8,400

SALARIES EXPENSE
l 3,500

Trial Balance

Cash 256,520
A/R 18,440
Office Equipment 7,700
Office Furniture 12,300
Accounts Payable 5,700
Dalangin, Capital 280,000
Dalangin, Withdrawals 8,500
Professional Fees 36,090
Salaries Expense 3,500
Rent Expense 8,400
Utilities Expense 2,930
Miscellaneous Expense 3,500

321,790 321,790
 OFFICE EQUIPMENT OFFICE FURNITURE
b 4,950 c 12,300
d 2,750
7,700

DALANGIN, WITHDRAWAL PROFESSIONAL FEES

m 8,500 12,940 f
17,650 i
5,500 n
36,090

UTILITIES EXPENSE MISCELLANEOUS EXPENSE

e 1,080 h 3,500
g 1,850
2,930
 CASH A/R
Apr. 1 67,000 17,500 2 15 42,200 21000 20
8 18,350 7,150 3 27 14,150
20 21,000 6,000 7 56,350 21000
8,050 9 35,350
11,600 11
5,700 16
4,300 19
14,500 21
14,100 22
3,850 24 NOTES PAYABLE
1,250 25 24 3850 63,500 2
106,350 94,000 59,650
12,350
SERVICE VEHICLE
2 81,000

PLUMBING REVENUES
18350 8
42200 15
14150 27
OMOTOY, WITHDRAWALS 74700
21 14,500 TELEPHONE EXPENSE
25 1250

Trial Balance

Cash 12,350
A/R 35,350
Plumbing Supplies 23750
Prepaid Advertising 6000
Service Vehicle 81000
Notes Payable 59650
Accounts Payable 10,000
Omotoy, Capital 67000
Omotoy, Withdrawals 14500
Plumbing Revenues 74,700
Salaries Expense 25700
Rent Expense 7150
Telephone Expense 1250
Misc. Expense 4300

211,350 211,350
 PLUMBING SUPPLIES PREPAID ADVERTISING
6 15,700 7 6,000
9 8,050
23,750

ACCOUNTS PAYABLE OMOTOY, CAPITAL

16 5,700 15700 6 67,000 Apr. 1
10,000

SALARIES EXPENSE RENT EXPENSE

11 11,600 3 7,150
22 14,100
25,700

MISCELLANEOUS EXPENSE
19 4300
 Unadjusted Adjustments Adjusted

Prepaid Insurance 48,000 12,000 36,000

Supplies 125,000 53,000 72,000
AD: Building 230,000 15,000 245,000
AD: Comp. Equip. 106,000 18,000 124,000
Salaries Payable 34,000 34,000
Interest Payable 77,000 77,000
Salaries Expense 813,000 34,000 847,000
Insurance Expense 12,000 12,000
Supplies Expense 53,000 53,000
DE: Building 15,000 15,000
DE: Comp. Equip. 18,000 18,000
Interest Expense 77,000 77,000

209,000 209,000
Batangas solutions Royalty Expense 3,250,000
Elisa Diaz Royalty Income 3,250,000

Batangas Solutions

Royalty Expense 2,250,000

Cash 2,250,000

Elisa Diaz

Cash 2,250,000
Royalty Income 2,250,000
1 P 0.00 Interest Expense 16,000 Principal
Interest Payable 16,000 Interest, 2021, 4 months
Balance
600,000 * 0.8 / 12 * 4
48000 Interest, 2022, 2 months
4000 Balance
16000

2 Interest Expense 16,000

Interest Payable 16,000

3 16,000 Interest Payable

4 616,000 * .08 / 12 * 2
49280
4106.667
8213.333

Principal 1,200,000
Monthly Interest 8000

Interest Income, Apr. 1 - Dec. 31, 2020 72000

Balance 1,272,000
Monthly Interest 8480
Interest Income, Jan 1 - Mar. 31, 2021 25440

Balance 1,297,440
 600,000
2021, 4 months 16000
616,000

2022, 2 months 8213.333

624,213
V. Espiritu

Supplies, Beg. Balance 75,000 Supplies Expense

Supplies, Purchase 452,000 Supplies
Total Supplies 527,000
Supplies Expense 431,000
Supplies, End. Balance 96,000

D. Mallari
Supplies
Supplies Expense, Beginning 75,000 Supplies Expense
Supplies Expense, Purchase 452,000
Total Supplies 527,000
Supplies, End. Balance 96,000
Supplies, Unused 431,000

D. Ramos

Supplies, Beg. Balance 75,000

Supplies Expense, Purchase 452,000
Supplies Expense, End. Balance 96,000
 Supplies Supplies Expense
75,000 431,000 431,000
431,000 452,000
431,000 527,000
96,000

Supplies Supplies Expense

431,000 431,000 75,000
431,000 452,000
527,000
96,000

Supplies Supplies Expense

75,000 452,000

96,000
a Insurance Expense 9500
Prepaid Insurance 9500 588,000
80,000
b Salaries Expense 30,000 508,000
Salaries Payable 30,000 101600

c Supplies Expense 9,080

Supplies 9,080

d Depreciation Expense - Equip. 101600

AD - Equip. 101600
a Interest Expense 120,000
Interest Payable 120,000

b Salaries Expense 76800

Salaries Payable 76800

c Accounts Receivable 36,000

Unearned Revenue 36,000

d Supplies Expense 41950

Supplies 41950

e Insurance Expense 22,003

Prepaid Insurance 22003

f Dep Ex - Buildings 73,000

AD - Buildings 73,000

Dep Ex - Equipment 218,000

AD - Equipment 218,000

g No entry

h Unearned Revenue 35,000

Revenue 35,000
 Unadjusted TB
a Rent Expense 120000 Cash 126,000
Prepaid Rent 120000 AR 645,000
Prepaid Rent 360,000
b Supplies Expense 36000 Office Supplies 63,000
Supplies 36000 Furniture 2,175,000
AD
c Dep. Ex. - Furniture 75,000 NP
AD - Furniture 75,000 AP
Salaries Payable
d Salaries Expense 105,000 Interest Payable
Salaries Payable 105,000 Ria, Capital
Ria, Withdrawals 1,200,000
e Interest Expense 54000 Travel Revenues
Interest Payable 54000 Salaries Expense 3,771,000
Rent Expense
Supplies Expense
Dep. Ex. - Furniture
Interest Expense
Misc. Expense 93000
8,433,000
Unadjusted TB Adjustments Adjusted TB
126,000
645,000
120,000 240,000
36,000 27,000
2,175,000
435,000 75,000 510,000
900000 900000
285000 285000
105,000 105,000
54000 54000
1,680,000 1,680,000
1,200,000
5,133,000 5,133,000
105,000 3,876,000
120,000 120,000
36,000 36,000
75,000 75,000
54000 54000
93000
8433000 8,667,000 8667000
 Property
A B C D
Prepaid Rent, Apr. 1 40,000 50,000 90,000 60,000
Rent Payments during the Month 140,000 80,000 110,000 90,000
Total 180,000 130,000 200,000 150,000
Prepaid Rent, Apr. 30 30,000 40,000 80,000 70,000
Rent Expense for the Month 150,000 90,000 120,000 80,000
Supplies, Nov 30, 2021 15,000
Purchases, December 84,000
Total 99,000
Expenses 78,000
Supplies, Dec 31, 2021 21,000

Salaries Payable, Nov 30 37,000

Salaries Paid, December 846,000

Salaries Expense 877,000

Salaries Payable, Dec 31 31,000

USR, Nov 30 163,000

Cash Received 1,800,200
Total 1,963,200
SR 1,821,200
USR, Dec 31 142,000
a Salaries Expense 50400
Salaries Payable 50400

b Depreciation Expense 20,000

Acc. Dep. 20,000

c Unearned Revenue 1080000

Revenue 1080000

d Insurance Expense 4000

Prepaid Insurance 4000

e Accounts Receivable 50,000

Revenue 50,000
 UTB Adjustments

Cash 210,000
AR 930,000
Prepaid Advertising 360,000 140000 a
Eng. Supplies 270,000 180,000 b
Survey Equip. 1,890,000
AD - SE 640,000 160,000 c
AP 190,000
Unearned SR 120,000 d 40000
NP 500,000
Salaries Payable 140,000 e
Interest Payable 60,000 f
Abella, Capital 1,120,000
Abella, Withdrawals 700,000
SR 6,510,000 40000 d
Salaries Expense 3,270,000 e 140,000
Rent Expense 960,000
Insurance Expense 250,000
Utilities Expense 160,000
Misc Expense 80,000
Advertising Expense a 140000
Supplies Expense b 180,000
Depreciation Expense c 160,000
Interest Expense f 60,000

Total 9,080,000 9,080,000 720,000 720,000

 TB Income Statement Balance Sheet

210000 210000
930000 930000
220,000 220,000
90,000 90,000
1,890,000 1,890,000
800,000 800,000
190,000 190,000
80,000 80,000
500,000 500,000
140,000 140,000
60,000 60,000
1,120,000 1,120,000
700,000 700,000
6,550,000 6,550,000
3,410,000 3,410,000
960,000 960,000
250,000 250,000
160,000 160,000
80,000 80,000
140000 140000
180,000 180,000
160,000 160,000
60,000 60,000

9,440,000 9,440,000 5,400,000 6,550,000 4,040,000 2,890,000

1,150,000 1,150,000
6,550,000 6,550,000 4,040,000 4,040,000
a Supplies Expense 42000
Supplies 42000

b Unearned CR 150000
CR 150000

c DE - Building 38,000
DE - Equip 123,000
AD - Building 38,000
AD - Equip 123,000

d Salaries Exp 14,000

Salaries Pay 14,000

e Interest Receivable 24000

Interest Income 24000
 Adjusted TB Leah May Santiago Information Systems
Income Statement
Cash 45,000 For the Year Ended Dec. 31, 2021
NR 360000
AR 156,000 Revenues
Int Rec 24,000
Supplies 21,000 CR 2,258,000
Land 300,000 Int Inc 24,000
Building 1,590,000
AD - B 292000 Total Revenue 2,282,000
Equip 2,150,000
AD - E 735000 Expenses
AP 213,000
Sal Pay 14,000 Sal Exp 889,000
UCR 300000 Repairs Exp 116,000
San, Cap 2,655,000 Misc Exp 37,000
San, With 600,000 Sup Exp 42,000
CR 2258000 DE - B 38,000
Int Income 24000 DE - E 123,000
Sal Exp 889,000
Repairs Exp 116,000 Total Expenses 1,245,000
Misc Exp 37,000
Sup Exp 42000 Profit/Loss 1,037,000
DE - B 38,000
DE - E 123,000

Total 6,491,000 6,491,000

Leah May Santiago Information Systems Leah May Santiago Information Systems
Statement of Changes in Equity Balance Sheet
For the Year Ended Dec. 31, 2021 Dec 31, 2021

Santiago, OE, 1/1/2021 2,655,000 Current Assets

Add:
Profit 1,037,000 Cash 45,000
Total 3,692,000 NR 360000
Less: AR 156,000
Withdrawals 600,000 Int Rec 24,000
Santiago, OE, 12/31/2021 3,092,000 Supplies 21,000

Total CA 606,000

Non-current Assets

Land 300,000
Building 1,590,000
AD - B 292000 1,298,000
Equip 2,150,000
AD - E 735000 1,415,000

Total NCA 3,013,000

Total Assets 3,619,000

L & OE

AP 213,000
Sal Pay 14,000
UCR 300000

Total Liabilities 527,000

Sant, Capital, 12/31/2021 3,092,000

Total LOE 3,619,000

Nora Maniquiz Real Estate Agency Nora Maniquiz Real Estate Agency
Income Statement Statement of Changes in Equity
For the Month Ended June 30, 2021 For the Month Ended June 30, 2021

Revenue Capital, 6/1/2021 123,000

Add:
RE Rev 1,250,000 Investments 16,000
Profit 226,000
Expenses Total 365,000
Less:
Adv 163,000 Withdrawals 250,000
Comm 475,000 Capital, 6/31/2021 115,000
Off Sup 27,000
Rent 48,000
Sal 264,000
Util 42,000
Dep 5,000

Total Exp 1,024,000

Profit 226,000
 420,000 360,000 90,000 420,000 850,000 1,280,000
280,000 70,000 430,000
430,000 90,000 1,280,000 1,280,000
420,000 1,070,000 170,000 0
650,000 420,000 420,000
0

LG Travel Agency
Statement of C in E
For the year ended Dec. 31, 2021

Capital, 1/1/2021 360,000

Add
Investment 710,000
Profit 1,280,000
Total
Less
Withdrawals
Capital, 12/31/2021
Marriel Cullano, CPA Marriel Cullano, CPA
Income Statement Statement of Changes in Equity

Revenue Capital, 1/1/21 1,193,500

Add
Auditing Revenue 1,361,500 Investment 22,000
Profit 217,500
Expenses Less
Withdrawals 165,000
Salaries 735,000 Capital, 12/31/21 1,268,000
Rent 52,500
Off Supplies 96,000
Travel 41,000
Utilities 18,000
Prof Devt 86,500
DE - B 55,000
DE - OE 60,000

Total Expenses 1,144,000

Profit 217,500
Marriel Cullano, CPA
Balance Sheet

Assets

Cash 118,500
AR 198,000
NR 60,000
Off Sup 28,000
Land 75,000
Building 750000
AD - B 110000 640,000
OE 362500
AD - OE 120000 242,500

Total Assets 1,362,000

L&OE

Liabilities

AP 63,500
Sal Pay 30,500

Total L 94,000

Capital, 12/31/2021 1,268,000

Total LOE 1,362,000

Dec. 31 Printing Revenues 8,130,000
Income Summary 8,130,000

Dec. 31 Income Summary 3,430,000

Supplies Expense 710,000
Salaries Expense 2,270,000
Depreciation Expense 250,000
Repairs Expense 10,000
Telephone Expense 20,000
Utilities Expense 80,000
Misc. Expense 90,000

Dec. 31 Income Summary 4,700,000

Labalan, Capital 4,700,000

Dec. 31 Labalan, Capital 1,500,000

Labalan, Withdrawals 1,500,000
Dec. 31 Supplies Expense 20,000
Supplies 20,000

Dep. Exp - Furniture 30,000

Acc. Dep. - Furniture 30,000

Dep. Exp. - Building 60,000

Acc. Dep. - building 60,000

Salaries Expense 15,000

Salaries Payable 15,000

Accounts Receivable 35,000

Service Revenue 35,000
Jan. 1 Insurance Expense 25,000
Prepaid Insurance 25,000

Interest Income 17,000

Interest Receivable 17,000

Salaries Payable 35,000

Salaries Expense 35,000

Unearned Rent Revenue 80,000

Rent Revenue 80,000
 Edgar Detoya Edgar
General Journal Genera
Dec-21 De

Date Account Title P.R. Debit Credit Account: Cash

Dec. 1 Cash 110 150,000 Date
Detoya, Capital 310 150,000 1
2
2 Rent Expense 530 8,000 3
Cash 110 8,000 8
14
2 Supplies 140 7,200 20
Accounts Payable 210 7,200 28
31
3 Office Equipment 150 75,000
Cash 110 37,000 Account: Accounts Receivable
Accounts Payable 210 38,000 Date
30
8 Accounts Payable 210 7,200
Cash 110 7,200 Account: Fees Receivable
Date
14 Salaries Expense 510 6,000 31
Cash 110 6,000
Account: Supplies
20 Cash 110 20,000 Date
Consulting Revenues 410 20,000 2
31
28 Salaries Expense 510 6,000
Cash 110 6,000 Account: Office Equipment
Date
30 Accounts Receivable 120 48,000 3
Consulting Revenues 410 48,000
Account: Accumulated Depreciation
31 Detoya, Withdrawals 320 12,000 Date
Cash 110 12,000 31

31 Fees Receivable 130 10000 Account: Accounts Payable

Salaries Expense 510 1,800 Date
Supplies Expense 520 2,500 2
Depreciation Expense 530 800 3
Supplies 140 2,500 8
Accumulated Depreci 155 800
Salaries Payable 220 1,800 Account: Salaries Payable
Consulting Revenues 410 10000 Date
31
31 Consulting Revenues 410 78,000
Income Summary 330 78,000 Account: Detoya, Capital
 Date
31 Income Summary 330 25,100 1
Salaries Expense 510 13,800 31
Supplies Expense 520 2,500 31
Rent Expense 530 8,000
Depreciation Expense 540 800 Account: Detoya, Withdrawals
Date
31 Income Summary 330 52,900 31
Detoya, Capital 310 52,900 31

31 Detoya, Capital 310 12,000 Account: Income Summary

Detoya, Withdrawal 320 12,000 Date
31
Jan. 1 31
31

Account: Consulting Revenue

Date
20
30
31
31

Account: Salaries Expense

Date
14
28
31
31

Account: Supplies Expense

Date
31
31

Account: Rent Expense

Date
2
31

Account: Depreciation Expense

Date
31
31
 Edgar Detoya
General Ledger
Dec-21

Account: Cash Account No. 110

Explanation J.R. Debit Credit Balance Cash
Investment GJ1 150,000 150,000 Accounts Receivable
Pay rent GJ1 8,000 142,000 Fees Receivable
Office Equipment Downp GJ1 37,000 105,000 Supplies
Pay supplies GJ1 7,200 97,800 Office Equipment
Pay salaries GJ1 6,000 91,800 Accumulated Depreciation
Receive consulting revenu GJ1 20,000 111,800 Accounts Payable
Pay salaries GJ1 6,000 105,800 Salaries Payable
Withdraw GJ1 12,000 93,800 Detoya, Capital
Detoya, Withdrawals
Account: Accounts Receivable Account No. 120 Income Summary
Explanation J.R. Debit Credit Balance Consulting Revenues
Receive fees GJ1 48,000 48,000 Salaries Expense
Supplies Expense
Account: Fees Receivable Account No. 130 Rent Expense
Explanation J.R. Debit Credit Balance Depreciation Expense
Adjusting GJ1 10000 10000
Total
Account: Supplies Account No. 140
Explanation J.R. Debit Credit Balance
Buy supplies GJ1 7,200 7,200
Adjust GJ1 2,500 4,700

Account: Office Equipment Account No. 150

Explanation J.R. Debit Credit Balance
Buy office equipment GJ1 75,000 75,000

Account: Accumulated Depreciation Account No. 155

Explanation J.R. Debit Credit Balance
Adjust GJ1 800 800

Account: Accounts Payable Account No. 210

Explanation J.R. Debit Credit Balance
Buy supplies GJ1 7,200 7,200
Buy office equipment GJ1 38,000 45,200
Pay supplies GJ1 7,200 38,000

Account: Salaries Payable Account No. 220

Explanation J.R. Debit Credit Balance
Adjust GJ1 1,800 1,800

Account: Detoya, Capital Account No. 310

 Explanation J.R. Debit Credit Balance
Investment GJ1 150,000 150,000
Close IS GJ1 52,900 202,900
Close Withdrawals GJ1 12,000 190,900

Account: Detoya, Withdrawals Account No. 320

Explanation J.R. Debit Credit Balance
Withdraw GJ1 12,000 12,000
Close GJ1 12,000 0

Account: Income Summary Account No. 330

Explanation J.R. Debit Credit Balance
Close GJ1 78,000 78,000
Close GJ1 25,100 52,900
Close GJ1 52,900 0

Account: Consulting Revenue Account No. 410

Explanation J.R. Debit Credit Balance
Cash GJ1 20,000 20,000
On account GJ1 48,000 68,000
Adjust GJ1 10,000 78,000
Close GJ1 78,000 0

Account: Salaries Expense Account No. 510

Explanation J.R. Debit Credit Balance
Pay salaries GJ1 6,000 6,000
Pay salaries GJ1 6,000 12,000
Adjust GJ1 1,800 13,800
Close GJ1 13,800 0

Account: Supplies Expense Account No. 520

Explanation J.R. Debit Credit Balance
Adjust GJ1 2,500 2,500
Close GJ1 2,500 0

Account: Rent Expense Account No. 530

Explanation J.R. Debit Credit Balance
Pay rent GJ1 8,000 8,000
Close GJ1 8,000 0

Account: Depreciation Expense Account No. 540

Explanation J.R. Debit Credit Balance
Adjust GJ1 800 800
Close GJ1 800 0
 Edgar Detoya
Worksheet
December 31, 2021

UTB Adjustments ATB Income Statement

93,800 93,800
48,000 48,000
10000 10000
7,200 2,500 4,700
75,000 75,000
800 800
38,000 38,000
1,800 1,800
150,000 150,000
12,000 12,000

68,000 10000 78,000 78000

12,000 1,800 13,800 13800
2,500 2,500 2500
8,000 8,000 8000
800 800 800

256,000 256,000 15,100 15,100 268,600 268,600 25,100 78,000

52,900
78,000 78,000
 Edgar Detoya
Income Statement
For the Month Ended December 31, 2021

Balance Sheet Revenue

93800 Consulting Revenues 78000
48000 Total 78000
10000
4700 Expenses
75000 Salaries Expense 13800
800 Supplies Expense 2500
38000 Rent Expense 8000
1800 Depreciation Expense 800
150000 Total 25100
12000
Profit/Loss 52900

243,500 190,600
52,900
243,500 243,500
Edgar Detoya Edgar Detoya
Statement of Changes in Equity Balance Sheet
For the Month Ended December 31, 2021 December 31, 2021

Detoya, Capital, 12/1/21 150,000 Assets

Add: Cash
Profit 52,900 Accounts Receivable
Total 202,900 Fees Receivable
Less: Supplies
Detoya, Withdrawals 12,000 Office Equipment
Detoya, Capital, 12/31/21 190,900 Accumulated Depreciation
Total Assets

Liabilties and Owner's Equity

Liabilities
Accounts Payable
Salaries Payable
Total Liabilities

Detoya, Capital, 12/31/21

Total Liabilities and Owner's Equity

 Edgar Detoya
Statement of Cash Flows
For the Month Ended December 31, 2021

Cash Flows from Operating Activities

93800 Cash received from clients
48000 Payment to suppliers
10000 Payment to employees
4700 Payment for rent
75000 Payment for depreciation
ted Depreciation 800 74200
Total Assets 230,700

38000
1800
Total Liabilities 39800

190,900

Owner's Equity 230,700

Edgar Detoya
Post-Closing Trial Balance
December 31, 2021

Cash 93,800
Accounts Receivable 48,000
Fees Receivable 10000
Supplies 4,700
Office Equipment 75,000
Accumulated Depreciation 800
Accounts Payable 38,000
Salaries Payable 1,800
Detoya, Capital 190,900

Total 231,500 231,500