Yllana Bayview College Inc

Fundamentals of Accountancy, Business and Management II

Prelim Examination

NAME: ________________________________________________ DATE: ____________________

YEAR: _________________________________

Requirement:
Statement of Financial Position and Statement of Financial Position

Cadujah Sari Sari Store

Trial Blance
31-Dec-18

Account Title Debit Credit

Accounts Payable 2,500,000.00
Accounts Receivable 500,000.00
Accumulated Depreciation-Building 100,000.00
Bala Kajan, Capital 3,000,000.00
Bala Kajan, Withdrawals 500,000.00
Building 3,000,000.00
Cash In Bank 5,000,000.00
Depreciation Expense-Building 100,000.00
Freight In 400,000.00
Freight Out 250,000.00
Land 5,000,000.00
Merchandise Inventory, Beg 450,000.00
Merchandise Inventory, End 550,000.00
Notes Payable (13months) 1,500,000.00
Prepaid Expense 250,000.00
Purchase 5,000,000.00
Purchase Discounts 1,000,000.00
Purchase Returns and Allowances 2,000,000.00
Rent Expense 100,000.00
Salary Expense 300,000.00
Sales 13,500,000.00
Sales Discounts 1,250,000.00
Sales Returns and Allowances 2,750,000.00
Utility Expense 200,000.00
Total 24,600,000.00 24,600,000.00

RCAM08/29/18