OBIAS LE

CUSTOMER NAME
BIAS LENDING CO.

NEW_CUSTOMER
ENTER
 OBIAS LENDING CO.
DATASHEET

Balance $ 35,114,314.24
Unadjusted
Date Account Title PR Debit
Jan-16 Wage & Salary Expenses 6560 50,000.00
Jan-16 Wages and Salaries Payable 2101 -
Jan-16 IRS Income Tax Withheld Payable 2103 -
Jan-16 IRS FICA Payable 2104 -
Jan-16 Payable to Franchise Tax Board 2105 -
Jan-16 Payroll Liabilities 2100 -
Jan-16 Wages and Salaries Payable 2101 32,350.00
Jan-16 Payroll Liabilities 2100 3,825.00
Jan-16 Checking 1002 -
Jan-17 IRS Income Tax Withheld Payable 2103 2,500.00
Jan-17 IRS FICA Payable 2104 3,825.00
Jan-17 Payable to Franchise Tax Board 2105 7,500.00
Jan-17 Checking 1002 -
Jan-01 Supplies 1600 10,000.00
Jan-01 Checking 1002 -
Jan-30 Wage & Salary Expenses 6560 -
Jan-30 Wages and Salaries Payable 2101 -
Jan-30 IRS Income Tax Withheld Payable 2103 -
Jan-30 IRS FICA Payable 2104 -
Jan-30 Payable to Franchise Tax Board 2105 -
Jan-30 Payroll Liabilities 2100 -
Jun-01 Checking 1002 20,000,000.00
Jun-01 Capital Stock 3010 -
Jul-01 Loans Receivable Aleana Co. 1024 5,000,000.00
Jul-01 Checking 1002 -
Jul-01 Unearned Interest Income 2600 250,000.00
Jul-01 Checking 1002 -
Jul-01 Checking 1002 442,100.00
Jul-01 Unearned Interest Income 2600 -
Aug-01 Checking 1002 458,333.67
Aug-01 Unearned Interest Income 2600 6,412.33
Aug-01 Loans Receivable Aleana Co. 1024 -
Aug-01 Interest Income 7010 -
Aug-30 Loans Receivable Buenaventura Inc. 1025 4,000,000.00
Aug-30 Checking 1002 -
Aug-30 Unearned Interest Income 2600 250,000.00
Aug-30 Checking 1002 -
Aug-30 Checking 1002 442,100.00
Aug-30 Unearned Interest Income 2600 -
Sep-01 Checking 1002 458,333.67
Sep-01 Unearned Interest Income 2600 6,476.45
Sep-01 Loans Receivable Aleana Co. 1024 -
Sep-01 Interest Income 7010 -
Sep-30 Checking 1002 33,333.33
Sep-30 Unearned Interest Income 2600 4,745.67
Sep-30 Interest Income 7010 -
Oct-01 Checking 1002 458,333.67
Oct-01 Unearned Interest Income 2600 6,541.22
Oct-01 Loans Receivable Aleana Co. 1024 -
Oct-01 Interest Income 7010 -
Oct-30 Checking 1002 33,333.33
Oct-30 Unearned Interest Income 2600 4,793.12
Oct-30 Interest Income 7010
Nov-01 Checking 1002 458,333.67
Nov-01 Unearned Interest Income 2600 6,606.63
Nov-01 Loans Receivable Aleana Co. 1024 -
Nov-01 Interest Income 7010 -
Nov-30 Checking 1002 33,333.33
Nov-30 Unearned Interest Income 2600 4,841.05
Nov-30 Interest Income 7010 -
Nov-30 Loans Receivable Cuesta Computer 1021 2,000,000.00
Nov-30 Checking 1002 -
Nov-30 Unearned Interest Income 2600 55,000.00
Nov-30 Checking 1002 -
Nov-30 Checking 1002 75,000.00
Nov-30 Unearned Interest Income 2600 -
Dec-30 Checking 1002 33,333.33
Dec-30 Unearned Interest Income 2600 4,889.47
Dec-30 Interest Income 7010 -
Dec-30 Checking 1002 11,666.67
Dec-30 Unearned Interest Income 2600 1,533.33
Dec-30 Interest Income 7010 -
Dec-31 Checking 1002 458,333.67
Dec-31 Unearned Interest Income 2600 6,606.63
Dec-31 Loans Receivable Aleana Co. 1024 0.00
Dec-31 Interest Income 7010 0.00
0 0.00
0 0.00
 0 0.00
0 0.00
0 0.00
~ Need to add more rows? Insert Row before this message.~
NG CO.
ET

Yes $ - Yes
Unadjusted Adjustments
Credit Debit Credit
0.00 0.00 0.00
32,350.00 0.00 0.00
2,500.00 0.00 0.00
3,825.00 0.00 0.00
7,500.00 0.00 0.00
3,825.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
36,175.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
13,825.00 0.00 0.00
0.00 0.00 0.00
10,000.00 0.00 0.00
0.00 50,000.00 0.00
0.00 0.00 32,350.00
0.00 0.00 7,500.00
0.00 0.00 3,825.00
0.00 0.00 2,500.00
0.00 0.00 3,825.00
0.00 0.00 0.00
20,000,000.00 0.00 0.00
0.00 0.00 0.00
5,000,000.00 0.00 0.00
0.00 0.00 0.00
250,000.00 0.00 0.00
0.00 0.00 0.00
442,100.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
416,667.00 0.00 0.00
48,079.00 0.00 0.00
0.00 0.00 0.00
4,000,000.00 0.00 0.00
 0.00 0.00 0.00
250,000.00 0.00 0.00
0.00 0.00 0.00
442,100.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
416,667.00 0.00 0.00
48,143.12 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
38,079.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
416,667.00 0.00 0.00
48,207.89 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
38,126.45 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
416,667.00 0.00 0.00
48,273.30 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
38,174.38 0.00 0.00
0.00 0.00 0.00
2,000,000.00 0.00 0.00
0.00 0.00 0.00
55,000.00 0.00 0.00
0.00 0.00 0.00
75,000.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
38,222.80 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
13,200.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
416,667.00 0.00 0.00
48,273.30 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
Row before this message.~
 OBIAS LENDING
SUBSIDIARY LED

Customer Cuesta Computer

Date Debit Credit

11/30/2016 2,000,000.00 0.00
Grand Total Php 2,000,000.00 Php -

LOAN AMORTIZATION
Payment No. Payment Date Scheduled Payment
0
1 12-30-2016 Php -
2 01-30-2017 Php -
3 03-02-2017 Php -
4 04-02-2017 Php -
5 05-02-2017 Php -
6 06-02-2017 Php -
7 07-02-2017 Php -
8 08-02-2017 Php -
9 09-02-2017 Php -
10 10-02-2017 Php -
11 11-02-2017 Php -
12 12-02-2017 Php -
 OBIAS LENDING CO.
SUBSIDIARY LEDGER

Balance Principal
2,000,000.00 Annual Interest Rate
Php 2,000,000.00 Effective Interest Rate
Loan Period in Years
Number of Payments per Year
Periodic Payments
Direct Origination Cost
Origination Fees

LOAN AMORTIZATION SCHEDULE

Interest Receivable Effective Interest Amortization

Php 11,666.67 Php 13,200.00 Php 1,533.33

11,666.67 13,210.22 1,543.56
11,666.67 13,220.51 1,553.85
11,666.67 13,230.87 1,564.20
11,666.67 13,241.30 1,574.63
11,666.67 13,251.80 1,585.13
11,666.67 13,262.36 1,595.70
11,666.67 13,273.00 1,606.34
11,666.67 13,283.71 1,617.04
11,666.67 13,294.49 1,627.83
11,666.67 13,305.34 1,638.68
11,666.67 14,226.38 2,559.72
Php 2,000,000.00
7%
8%
1
12
-
55,000.00
75,000.00

Carrying Value
Php 1,980,000.00
1,981,533.33
1,983,076.89
1,984,630.73
1,986,194.94
1,987,769.57
1,989,354.70
1,990,950.40
1,992,556.74
1,994,173.78
1,995,801.61
1,997,440.28
2,000,000.00
 OBIAS LENDING CO.
GENERAL LEDGER

Account Title (All)

Unadjusted Entries
Date Debit Credit
Jan-01 10,000.00 10,000.00
Jan-16 86,175.00 86,175.00
Jan-17 279,325.00 279,325.00
Jan-30 0.00 0.00
Jun-01 20,000,000.00 20,000,000.00
Jul-01 5,692,100.00 5,692,100.00
Sep-30 38,079.00 38,079.00
Nov-30 2,168,174.38 2,168,174.38
Dec-31 464,940.30 464,940.30
Aug-01 464,746.00 464,746.00
Aug-30 4,692,100.00 4,692,100.00
Sep-01 464,810.12 464,810.12
Oct-01 464,874.89 464,874.89
Oct-30 38,126.45 38,126.45
Nov-01 464,940.30 464,940.30
Dec-30 51,422.80 51,422.80
Grand Total $35,379,814.24 $35,379,814.24
NG CO.
DGER

0000
Adjusting Entries
Debit Credit Balance
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
50,000.00 50,000.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
$50,000.00 $50,000.00 $0.00
 Unadjusted Trial Balance
Code Account Title Dr
1002 Checking 11,780,868.34
1011 Accounts Receivable Cuesta Computer -
1012 Accounts Receivable Mustang Computer -
1013 Accounts Receivable SLO CPU -
1021 Loans Receivable Cuesta Computer 2,000,000.00
1022 Loans Receivable Mustang Computer -
1023 Loans Receivable SLO CPU -
1024 Loans Receivable Aleana Co. 2,916,665.00
1025 Loans Receivable Buenaventura Inc. 4,000,000.00
1121 Inventory Xtreme Game Systems -
1122 Inventory HP Office Systems -
1123 Inventory Gateway Home Systems -
1500 Investment in Land -
1600 Supplies 10,000.00
1800 Land -
1810 Building -
1811 Accumulated Depreciation - Building -
1820 Equipment -
1821 Accumulated Depreciation - Equipment -
2001 Accounts Payable Xtreme -
2002 Accounts Payable HP -
2003 Accounts Payable Gateway -
2100 Payroll Liabilities -
2101 Wages and Salaries Payable -
2103 IRS Income Tax Withheld Payable -
2104 IRS FICA Payable -
2105 Payable to Franchise Tax Board -
2200 Sales Tax Payable -
2501 Note Payable -
2502 Mortgage Payable -
2510 Bonds Payable -
2511 Discount on Bonds Payable -
2600 Unearned Interest Income -
3010 Capital Stock -
3021 Additional Paid in Capital -
3099 Retained Earnings -
4011 Sales Xtreme Game Systems -
4012 Sales HP Office Systems -
4013 Sales Gateway Home Systems -
4030 Sales Discounts -
5000 Cost of Goods Sold -
5301 Purchase Discounts -
6150 Depreciation Expense -
6240 Miscellaneous Expenses -
6560 Wage & Salary Expenses 50,000.00
6770 Supplies Expense -
7010 Interest Income -
8010 Interest Expenses -
8011 Mortgage Interest Expense -
8012 Note Interest Expense -
8013 Bond Interest Expense -
8020 Loss on Sale of Land -
$20,757,533.34
NET INCOME
TOTAL
 OBIAS LENDING CO.
WORKSHEET
For the Year Ended, December 31, 20XX

adjusted Trial Balance Adjusting Entries Adjusted Trial Balance

Cr Dr Cr Dr Cr
- - - 11,780,868.34 -
- - - - -
- - - - -
- - - - -
- - - 2,000,000.00 -
- - - - -
- - - - -
- - - 2,916,665.00 -
- - - 4,000,000.00 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - 10,000.00 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - 3,825.00 - 3,825.00
- - 32,350.00 - 32,350.00
- - 7,500.00 - 7,500.00
- - 3,825.00 - 3,825.00
- - 2,500.00 - 2,500.00
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
350,754.10 - - - 350,754.10
20,000,000.00 - - - 20,000,000.00
- - - - -
 - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- 50,000.00 - 100,000.00 -
- - - - -
406,779.24 - - - 406,779.24
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
$20,757,533.34 $50,000.00 $50,000.00 Err:507 Err:507

-
 Income Statement Balance Sheet
Dr Cr Dr Cr
- - 11,780,868.34 -
- - - -
- - - -
- - - -
- - 2,000,000.00 -
- - - -
- - - -
- - 2,916,665.00 -
- - 4,000,000.00 -
- - - -
- - - -
- - - -
- - - -
- - 10,000.00 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 3,825.00
- - - 32,350.00
- - - 7,500.00
- - - 3,825.00
- - - 2,500.00
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 350,754.10
- - - 20,000,000.00
- - - -
 - -
- -
- -
- -
- -
- -
- -
- -
- -
100,000.00 - -
- -
- 406,779.24
- -
- -
- -
- -
- -
$100,000.00 $406,779.24 Err:507
306,779.24 0.00
$406,779.24 $406,779.24 Err:507
- -
- -
- -
- -
- -
- -
- -
- -
- -
-
- -
- -
- -
- -
- -
- -
- -
Err:507
0.00 306,779.24
Err:507
 OBIAS LENDING CO.
INCOME STATEMENT
For the Year Ended, December 31, 20XX

REVENUES
Interest Income ₱ 406,779.24

GROSS PROFIT 406,779.24

EXPENSES
Wage & Salary Expenses (100,000.00)
-
-
(100,000.00)
OPERATING INCOME ₱ 306,779.24

OTHER REVENUES/EXPENSES

NET INCOME ₱ 306,779.24

 OBIAS LENDING CO.
STATEMENT OF FINANCIAL POSITION
December 31, 20XX

ASSETS
Current Assets
Checking 11,780,868.34
Loans Receivable Cuesta Computer 2,000,000.00
Loans Receivable Aleana Co. 2,916,665.00
Loans Receivable Buenaventura Inc. 4,000,000.00
Supplies 10,000.00
TOTAL ASSETS $

LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
Payroll Liabilities 3,825.00
Wages and Salaries Payable 32,350.00
IRS Income Tax Withheld Payable 7,500.00
IRS FICA Payable 3,825.00
Unearned Interest Income 350,754.10
Payable to Franchise Tax Board 2,500.00
Total Current Liabilities
Non-Current Liabilities
Stockholders' Equity
Capital Stock 20,000,000.00
Additional Paid in Capital -
Retained Earnings 306,779.24
Total Owner's Equity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
N

20,707,533.34

TY

400,754.10

20,306,779.24
20,707,533.34 -
 CHART OF ACCOUNTS
Account No. Account Name
1002 Checking
1011 Accounts Receivable Cuesta Computer
1012 Accounts Receivable Mustang Computer
1013 Accounts Receivable SLO CPU
1121 Inventory Xtreme Game Systems
1122 Inventory HP Office Systems
1123 Inventory Gateway Home Systems
1500 Investment in Land
1600 Supplies
1800 Land
1810 Building
1811 Accumulated Depreciation - Building
1820 Equipment
1821 Accumulated Depreciation - Equipment
2001 Accounts Payable Xtreme
2002 Accounts Payable HP
2003 Accounts Payable Gateway
2100 Payroll Liabilities
2101 Wages and Salaries Payable
2103 IRS Income Tax Withheld Payable
2104 IRS FICA Payable
2105 Payable to Franchise Tax Board
2200 Sales Tax Payable
2501 Note Payable
2502 Mortgage Payable
2510 Bonds Payable
2511 Discount on Bonds Payable
3010 Capital Stock
3021 Additional Paid in Capital
3099 Retained Earnings
4011 Sales Xtreme Game Systems
4012 Sales HP Office Systems
4013 Sales Gateway Home Systems
4030 Sales Discounts
5000 Cost of Goods Sold
5301 Purchase Discounts
6150 Depreciation Expense
6240 Miscellaneous Expenses
6560 Wage & Salary Expenses
6770 Supplies Expense
7010 Interest Income
8010 Interest Expenses
8011 Mortgage Interest Expense
8012 Note Interest Expense
8013 Bond Interest Expense
8020 Loss on Sale of Land