Account Name: CASH Account No: 11

JOURNAL ENTRIES Date Item F Debit Date Item F Credit

Page 1 2023 2023
2023 PARTICULARS F DEBIT CREDIT
May 2 J1 P 270, 500 May 10 J1 P 6,240
May 2 Cash 11 P 2 7 0 5 0 0
13 J1 10, 000
Pasado, Capital 51 P 2 7 0 5 0 0 15 J1 5, 700
Investments made by the owner 16 J1 26, 871
28 J1 8, 075
5 Furniture and Fixtures 21 2 2 5 5 5
Accounts Payable 31 2 2 5 5 5 TOTAL 270, 500 TOTAL 56, 886
Purchased Furniture and Fixtures on accounts
Balance, End P 213, 614
10 Laundry Supplies 14 7 8 0 0
Cash 11 6 2 4 0
Accounts Payable 31 1 5 6 0
Purchased Office Supplies
1 0 0 0 0
13 Rent Expense 73 1 0 0 0 0
Cash 11
Paid Rent

15 Laundry Equipment 21 2 1 8 5 0
Cash 11 5 7 0 0
Accounts Payable 31 1 6 1 5 0
Purchased Laundry Equipment
Account Name: ACCOUNTS RECEIVABLE Account No: 12
16 Salaries Expense 71 1 5 5 5 0 Date Item F Debit Date Item F Credit
Utilities Expense 74 7 1 0 0 2023 2023
Miscellaneous Expense 75 4 2 2 1
Cash 11 2 6 8 7 1 May 20 J1 P 106, 890
Paid various expenses
Balance, End P 106, 890
20 Accounts Receivable 12 1 0 6 8 9 0
Service Revenue 61 1 0 6 8 9 0
Charged the company for services rendered

28 Accounts Payable 31 8 0 7 5
Cash 11 8 0 7 5
Paid half of its account
Account Name: ALLOWANCE FOR BAD DEBTS Account No: 12.1 Account Name: LAUNDRY SUPPLIES Account No: 14
Date Item F Debit Date Item F Credit Date Item F Debit Date Item F Credit
2023

May 10 J1 P 7, 800

Balance, End P 7, 800

Account Name: PREPAID INSURANCE Account No: 13 Account Name: LAUNDRY EQUIPMENT Account No: 21
Date Item F Debit Date Item F Credit Date Item F Debit Date Item F Credit
2023

May 15 J1 P 21, 850

Balance, End P 21, 850

Account Name: ACCUMULATED DEPRECIATION - LE Account No: 21.1 Account Name: ACCUMULATED DEPRECIATION – F&F Account No: 22.1
Date Item F Debit Date Item F Credit Date Item F Debit Date Item F Credit

Account Name: FURNITURE & FIXTURES Account No: 22 Account Name: ACCOUNTS PAYABLE Account No: 31
Date Item F Debit Date Item F Credit Date Item F Debit Date Item F Credit
2023 2023 2023

May 5 J1 P 18, 645 May 28 J1 P 8, 075 May 5 J1 P 18, 645

10 J1 1, 560
Balance, End P 18, 645 15 J1 16, 150

TOTAL 8, 075 TOTAL 36, 335

Balance, End P 28, 280

Account Name: PASADO, CAPITAL Account No: 51 Account Name: INCOME SUMMARY Account No: 53
Date Item F Debit Date Item F Credit Date Item F Debit Date Item F Credit
2023

May 2 J1 P 270, 500

Balance, End P 270, 500

Account Name: PASADO, PERSONAL Account No: 52 Account Name: SERVICE REVENUE Account No: 61
Date Item F Debit Date Item F Credit Date Item F Debit Date Item F Credit
2023

May 20 J1 P 106, 890

Balance, End P 106, 890

Account Name: SALARIES EXPENSE Account No: 71 Account Name: RENT EXPENSE Account No: 73
Date Item F Debit Date Item F Credit Date Item F Debit Date Item F Credit
2023 2023

May 16 J1 P 15, 550 May 13 J1 P 10, 000

Balance, End P 15, 550 Balance, End P 10, 000

Account Name: OFFICE SUPPLIES EXPENSE Account No: 72 Account Name: UTILITIES EXPENSE Account No: 74
Date Item F Debit Date Item F Credit Date Item F Debit Date Item F Credit
2023

May 16 J1 P 7, 100

Balance, End P 7, 100

Account Name: MISCELLANEOUS EXPENSE Account No: 75 Account Name: DEPRECIATION EXPENSE – F&F Account No: 77
Date Item F Debit Date Item F Credit Date Item F Debit Date Item F Credit
2023

May 16 J1 P 4, 221

Balance, End P 4, 221

Account Name: DEPRECIATION EXPENSE - LE Account No: 76

Date Item F Debit Date Item F Credit
 DI KO SUSUKUAN SERVICING COMPANY ADJUSTING ENTRIES
Page 1
Trial Balance
2023 PARTICULARS F DEBIT CREDIT
As of May 31, 2023 May 31 Bad Debts Expense 79 P 1 6 0 3 4
Allowance for Bad Debts 12.1 P 1 6 0 3 4
Account Numbers Account Titles Debit Credit To record the allowance
11 Cash P 2 1 3 6 1 4
12 Accounts Receivable 1 0 6 8 9 0 31 Laundry Supplies Expense 78 5 4 0 0
Laundry Supplies 14 5 4 0 0
14 Laundry Supplies 7 8 0 0
To record the used supplies
21 Laundry Equipment 2 1 8 5 0
22 Furniture and Fixtures 1 8 6 4 5 31 Depreciation Expense- Furniture and Fixtures 80 1 1 1 1 2
31 Accounts Payable P 2 8 2 8 0 Accumulated Depreciation- Furniture and Fixtures 21.1 1 1 1 1 2
51 Pasado, Capital 2 7 0 5 0 0 To record the depreciation of F and F
61 Service Revenue 1 0 6 8 9 0
71 Salaries Expense 1 5 5 5 0 31 Depreciation Expense- Laundry Equipment 81 1 5 0 8 1
Accumulated Depreciation- Laundry Equipment 22.1 1 5 0 8 1
73 Rent Expense 1 0 0 0 0
To record the depreciation of Laundry Equipment
74 Utitities Expense 7 1 0 0
75 Miscellaneous Expense 4 2 2 1 31 Prepaid Rent 13.5 8 0 0 0
Rent Expense 73 8 0 0 0
Total P 4 0 5 6 7 0 P 4 0 5 6 7 0 To record the prepaid rent
 DI KO SUSUKUAN SERVICING COMPANY
Worksheet
As of May 31, 2023
1 2 3 4 5 6 7 8 9 10
Unadjusted Adjusments Adjusted Income Statement Statement of
Trial Balance Trial Balance Financial Position
Account Titles Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash P 213,614 P 213,614 P 213,614
Accounts Receivable 106,890 106,890 106,890
Laundry Supplies 7,800 P5,400 2,400 2,400
Laundry Equipment 21,850 21,850 21,850
Furniture and Fixtures 18,645 18,645 18,645
Accounts Payable P28,280 P 28,280 28,280
Pasado, Capital 270,500 270,500 270,500
Service Revenue 106,890 106,890 P 106,890
Salaries Expense 15,550 15,500 P15,550
Rent Expense 10,000 8,000 2,000 2,000
Utitities Expense 7,100 7,100 7,100
Miscellaneous Expense 4,221 4,221 4,221

Totals P 405,670 P 405,670

Bad Debts Expense P 16,034 16,034 16,034

Allowance for Bad Debts 16,034 16,034 16,034
Laundry Supplies Expense 5,400 5,400 5,400
Depreciation Expense- Furniture and Fixtures 11,112 11,112 11,112
Accumulated Depreciation- Furniture and Fixtures 11,112 11,112 11,112
Depreciation Expense- Laundry Equipment 15,081 15,081 15,081
Accumulated Depreciation- Laundry Equipment 15,081 15,081 15,081
Prepaid Rent 8,000 8,000 8,000

P 55,627 P 55,627 P 447,897 P 447,897 P 76,498 P 106,890 P 371,399 P 341,007

Net Income 30,392 30,392
P 106,890 P 106,890 P 371,399 P 371,399
 DI KO SUSUKUAN SERVICING COMPANY DI KO SUSUKUAN SERVICING COMPANY
Income Statement Statement of Owner's Equity
For the Month ended May 31, 2023 As of May 31, 2023

REVENUES EARNED Pasado, Beginning Capital P 2 7 0 5 0 0

Add: Net Income 3 0 3 9 2
Service Revenue P 1 0 6 8 9 0
PASADO, ENDING CAPITAL P 3 0 0 8 9 2
Less: Operating Expenses

Salaries Expense P 1 5 5 5 0
Rent Expense 2 0 0 0
Utilities Expense 7 1 0 0
Miscellaneous Expense 4 2 2 1
Bad Debts Expense 1 6 0 3 4
Laundry Supplies Expense 5 4 0 0
Depreciation Expense- F&F 1 1 1 1 2
Depreciation Expense- L E 1 5 0 8 1

Total Operating Expenses 7 6 4 8 9

NET INCOME P 3 0 3 9 2
 DI KO SUSUKUAN SERVICING COMPANY
Statement of Financial Position DI KO SUSUKUAN SERVICING COMPANY
As of May 31, 2023 Statement of Cash Flows
As of May 31, 2023

ASSETS Account Titles Debit Credit

Cash flows from Operating Activities
Current Assets
Purchased of Laundry Supplies P (6 2 4 0)
Cash P 2 1 3 6 1 4 Payment of Rent Expense (1 0 0 0 0)
Accounts Receivable 1 0 6 8 9 0
Payment of Various Expenses (2 6 8 7 1)
Allowance for Bad Debts (1 6 0 3 4)
Payments of Accounts Payable (8 0 7 5)
Laundry Supplies 2 4 0 0
Prepaid Rent 8 0 0 0
Net Cash used in Operating Activities P (5 1 1 8 6)
Total Current Assets P 3 1 4 8 7 0
Cash Flows from Investing Activities
Non-Current Assets
Purchased of Laundry Equipment (5 7 0 0)
Laundry Equipment 2 1 8 5 0
Cash Flows from Financing Activities
Accumulated Depreciation- Laundry Equipment (1 5 0 8 1)
Furniture and Fixtures 1 8 6 4 5
Investments made by Pasado 2 7 0 5 0 0
Accumulated Depreciation- Furnitures and Fixtures (1 1 1 1 2)
Total Cash Flows from all Activities 2 1 3 6 1 4
Total Non-Current Assets 1 4 0 3 2
Add: Cash Beginning 0
TOTAL ASSETS P 3 2 9 1 7 2
CASH, END P 2 1 3 6 1 4
LIABILITIES AND OWNER'S EQUITY

Current Liabilities

Accounts Payable P 2 8 2 8 0

Owner's Equity

Pasado, Capital 3 0 0 8 9 2

TOTAL LIABILITIES AND OWNER'S EQUITY P 3 2 9 1 7 2

 DI KO SUSUKUAN SERVICING COMPANY
Post-Closing Trial Balance
As of May 31, 2023
CLOSING ENTRIES
Page 1
Account Numbers Account Titles Debit Credit
2023 PARTICULARS F DEBIT CREDIT
May 31 Service Revenue 61 P 1 0 6 8 9 0 11 Cash P 2 1 3 6 1 4
Income Summary 53 P 1 0 6 8 9 0 12 Accounts Receivable 1 0 6 8 9 0
To close the revenue account 12.1 Allowance for Bad Debts P 1 6 0 3 4
13.5 Prepaid Rent 8 0 0 0
31 Income Summary 53 7 6 4 9 8 14 Laundry Supplies 2 4 0 0
Salaries Expense 71 1 5 5 5 0 21 Laundry Equipment 2 1 8 5 0
Rent Expense 73 2 0 0 0 21.1 Accumulated Depreciation- L E 1 5 0 8 1
Utilities Expense 74 7 1 0 0
22 Furniture and Fixtures 1 8 6 4 5
Miscellaneous Expense 75 4 2 2 1
22.1 Accumulated Depreciation- F&F 1 1 1 1 2
Laundry Supplies Expense 78 1 6 0 3 4
31 Accounts Payable 2 8 2 8 0
Bad Debts Expense 79 5 4 0 0
51 Pasado, Capital 3 0 0 8 9 2
Depreciation Expense- Furniture and Fixtures80 1 1 1 1 2
Depreciation Expense- Laundry Equipment 81 1 5 0 8 1
To close the expense accountS P 3 7 1 3 9 9 P 3 7 1 3 9 9

31 Income Summary 53 3 0 3 9 2
Pasado, Capital 51 3 0 3 9 2
To close income summary