ABC COMPANY TRIAL BALANCE For the year End: December 31, 2010

TRIAL BALANCE

Account title Cash Accounts Receivable - trade Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Merchandise Inventory Supplies Office equipment Store Equipment Accumulated Depreciation - Office equipment Accumulated Depreciation - Store equipment Accounts Payable - trade Notes Payable - short term loan Unearned Revenue Utilities Payable Salaries Payable Withholding tax Payable - compensation SSS, Philhealth, Pag-ibig Payable Mr. Cabora, Capital Mr. Cabora, drawing Sales Sales Return and allowances Other income Cost Of Sales Salaries Expense Utilities Expense Depreciation expense - Office equipment Depreciation expense - Store equipment SSS, Philhealth, Pag-ibig Expense Rent Expense Insurance Expense Doubtful Accounts Supplies Expense TOTAL

DR. 319,700.00 57,000.00 120,000.00 18,000.00 200,000.00 5,000.00 25,000.00 75,000.00

CR.

2,200.00

20,000.00 200,000.00 2,000.00 500,000.00 147,000.00

36,000.00 13,000.00

2,500.00

871,200.00 871,200.00

Adjusting Entries for Dec. 31, 2011 1. The estimated uncollectible of Accounts Receivable is 5% of the Total amount - JV#003 2. The Prepaid Rent w/ CV#2010 represent as advance rental payment covering for 1 year from 8/1/2010 -7/31/2011. The monthly rate is P 10,000. - JV #004 3. The Prepaid Insurance w/ CV#2011 represent as advance insurance payment for the store space rented covering from 8/1/2011 - 7/31/2011. - JV#005 4. The physical count of merchandise inventory as of Dec. 31 ,2010 is P 158,000. Physical count Inventory list no. #001 5. The physical count of supplies as of Dec. 31, 2010 is P 2,550. Physical count Inventory list no. #002 6. The Salaries of the employees from the period is still unpaid as of Dec. 31, 2010. CV#2036 was issued 1/4/2011 for the payment of Salaries Gross Salary Withholding Tax SSS, Philhealth, Pag-ibig contribution Net payroll 7. The itemized Property, Plant, equipment as follows Date Purchased Office Equipment 40,391.00 Store Equipment 40,391.00 8. An Advance payment from Customer received last 12/28/2010 amounting to P 2,000 w/ OR #003 & on 12/29/2010 - the company delivered P 1,000 worth of Items per per SI#21011 , still unrecorded. - JV#009 40,540.00 Cash Unearned Revenue

9. An utilities bills was received last Jan. 3, 2011 for the usage of light, water, communication from Dec. 1, 2010 - Dec. 31, 2010 amounting to P 4,550. - JV#010 10. A cash understated was discoverd, per book - 319,700 and per bank statement - 320,000. - JV#011 Last Sept. 2, 2010, Sales invoice # 023, P 23,000 was issued to Lian Company for the items delivered. The correct amount must be P 23,300, cash received was P 23,300.

KOPYA CENTER INC. TRIAL BALANCE For the year End: December 31, 2010
TRIAL BALANCE CR. ADJUSTMENTS DR. CR. ADJUSTED TRIAL BALANCE DR.

Account title Cash Accounts Receivable - trade Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Supplies Office equipment Store Equipment
Accumulated Depreciation - Office equipment Accumulated Depreciation - Store equipment

DR.

CR.

294,600.00 75,000.00 2,000.00 261,000.00 81,000.00 186,000.00 3,200.00 20,000.00 210,000.00 4,000.00 30,000.00 145,000.00 25,000.00

21,000 250 174,000 54,000 28,000 2,325

315,600 75,000 2,250 87,000 27,000 158,000 875 20,000 210,000 8,000 60,000 145,000 13,450 7,818 8,286 214 500 675,000 31,500 52,500 5,000 100,000 868,550 4,800 23,100

4,000 30,000 11,550 7,818 8,286 214 500

Accounts Payable - trade Unearned Revenue Utilities Payable Salaries Payable Withholding tax Payable - compensation SSS, Philhealth, Pag-ibig Payable Issued Capital Stock - P 100 par value
Subcription Receivable - P 105 per share of stock

675,000.00 52,500.00 52,500.00 5,000.00 100,000.00 857,000.00 4,800.00 23,100.00 505,000.00 207,000.00 13,000.00 28,000 9,000 7,818 4,000 30,000 174,000 54,000 250 2,325 341,943 533,000 216,000 20,818 4,000 30,000 5,500 174,000 54,000 250 2,325 1,969,668 21,000

Subscribed Capital Stock Premium on excess of Capital Stock Retained Earnings Sales Sales Return and allowances Other income Cost Of Sales Salaries Expense Utilities Expense Depreciation expense - Office equipment Depreciation expense - Store equipment SSS, Philhealth, Pag-ibig Expense Rent Expense Insurance Expense Doubtful Expense Supplies Expense TOTAL

11,550

5,500.00

1,918,600.00

1,918,600.00

341,943

1,969,668

Adjusting Entries for Dec. 31, 2011 1. The estimated uncollectible of Accounts Receivable is 3% of the Total amount - JV#123 2. The Prepaid Rent w/ CV#A3120 represent as advance rental payment covering for 1 1/2 years from 1/1/2010 -6/30/2011 - JV #124 3. The Prepaid Insurance w/ CV#A3121 represent as advance insurance payment for the store space rented covering from 1/1/2010 - 6/30/2011. - JV#125 4. The physical count of merchandise inventory as of Dec. 31 ,2010 is P 158,000. Physical count Inventory list no. #008 5. The physical count of supplies as of Dec. 31, 2010 is P 875. Physical count Inventory list no. #009 6. The Salaries of the employees from the period Dec. 15 - Dec. 31 is still unpaid as of Dec. 31, 2010. CV#A4007 was issued 1/4/2011 for the payment of Salaries Gross Salary 9,000.00 Withholding Tax (213.70) SSS, Philhealth, Pag-ibig contribution (500.00) Net payroll 8,286.30 JV#126 7. The itemized Property, Plant, equipment as follows Date Purchased Estimated useful life Office Equipment 1/1/2009 5 years JV#127 Store Equipment 1/1/2009 7 years JV#128 8. An Advance payment from Customer received last 12/28/2010 amounting to P 25,000 w/ OR #216& on 12/29/2010 - the company delivered partially, as per S.I #00218, P 11,550, still unrecorded - JV#127 12/29/2011 Cash 25,000 Unearned Revenue 9. An utilities bills was received last Jan. 3, 2011 for the usage of light, water, communication from Dec. 1, 2010 - Dec. 31, 2010 amounting to P 7,817.50. - JV#127 10. A cash understated was discoverd, per book - 294,600 and per bank statement - 315,600 . - JV#128 Last Dec. 28, 2011, The company received an amount of P 21,000 from subcription receivable of stockholders, 200 shares, as per OR#217. No issuance of certificate of stock issued as of December 31, 2010 - JV#129

25,000

TAYLOR MINI GROCERY TRIAL BALANCE For the year End: December 31, 2010
TRIAL BALANCE ADJUSTMENTS DR.

Account title Cash Accounts Receivable - trade Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Supplies Office equipment Store Equipment
Accumulated Depreciation - Office equipment Accumulated Depreciation - Store equipment

DR.

CR.

266,300.00 43,000.00 2,570.00 98,000.00 18,000.00 390,200.00 10,735.00 120,000.00 247,500.00 14,000.00 14,437.50 294,498.75 36,450.50

Accounts Payable - trade Unearned Revenue Utilities Payable Salaries Payable Withholding tax Payable - compensation SSS, Philhealth, Pag-ibig Payable Issued Capital Stock - P 50 par value
Subcription Receivable - P 55 per share of stock

600,000.00 13,750.00 13,750.00 60,000.00

Subscribed Capital Stock Premium on excess of Capital Stock

Retained Earnings Sales Sales Return and allowances Other income Cost Of Sales Salaries Expense Utilities Expense Depreciation expense - Office equipment Depreciation expense - Store equipment SSS, Philhealth, Pag-ibig Expense Rent Expense Insurance Expense Doubtful Expense Supplies Expense TOTAL 734,500.00 198,000.00 31,421.75 8,800.00 2,183,706.75 3,500.00

100,000.00 1,048,000.00

2,183,706.75

Adjusting Entries for Dec. 31, 2011 1. The estimated uncollectible of Accounts Receivable is 2.5% of the Total amount - JV#098 2. The Prepaid Rent Balance represent as advance rental payment covering for 1 1/2 years from 7/1/09 - 12/30/2010 JV #099 3. The Prepaid Insurance balance represent as advance insurance payment for the store space rented covering from 1/1/2010 - 12/30/2011. - JV#125 4. The physical count of merchandise inventory as of Dec. 31 ,2010 is P 270,540.25. Physical count Inventory list no. #032 5. The physical count of supplies as of Dec. 31, 2010 is P 3,251.50. Physical count Inventory list no. #033 6. The Salaries of the employees from the period Dec. 15 - Dec. 31 is still unpaid as of Dec. 31, 2010. CV#A3578 was issued 1/5/2011 for the payment of Salaries Gross Salary 9,000.00 Withholding Tax (417.70) SSS, Philhealth, Pag-ibig contribution (800.00) Net payroll 7,782.30 JV#033 7. The itemized Property, Plant, equipment as follows Date Purchased Estimated useful life Office Equipment 6/1/2009 5 years Store Equipment 6/1/2009 10 years 8. An Advance payment from Customer received last 12/15/2010 amounting to P 33000 w/ OR #1160 & on 12/26/2010 - the company delivered partially, as per S.I #033105, P 22,580, still unrecorded - JV#034 12/15/2011 Cash Unearned Revenue 9. An utilities bills was received last Jan. 5, 2011 for the usage of light, water, communication from Dec. 1, 2010 - Dec. 31, 2010 amounting to P 8,323.50. - JV#035 10. A cash understated was discoverd, per book - P 266,300 and per bank statement - P 268,800. - JV#036

during the course of auditing, bookkeeper discovered that the OR#1069 amounting to P 2,500 was still not yet recorded as of Dec. 31, 2010. The Bookkeeper made an adjustment for the said transaction - JV#037

ADJUSTMENTS CR.

ADJUSTED TRIAL BALANCE DR. CR.

the payment of Salaries

elivered partially, as per 33,000 3,300

ng to P 8,323.50. - JV#035

31, 2010. The Bookkeeper made