Asset

100 Cash
101 Accounts Receivable
102 Allowance for doubtful of accounts
103 Inventory
104 Prepaid Insurance
105 Supplies
106 Prepaid Rent
107 Land
108 Machine
109 Accumulated deprecition

Liabilities
200 Accounts Payable
201 Mortgage Payable
202 Interest Payable
203 Salaries Payable

Capital
300 Alacantara,Capital
301 Meneses, Capital
303 Vergara, Capital

304 Alacantara, Drawing

305 Meneses, Drawing

306 Vergara, Drawing

Revenue
400 Sales
401 Sales returns and allowances
402 Sales discounts

Expenses
500 Purchases
501 Freight in
502 Freight out
503 Purchase return and allowances
504 Purchase discounts
505 Bad debts Expense
506 Utilities Expenses
507 Salaries Expenses
508 Depreciation Expense
509 Insurance Expense
510 Supplies Expense
511 Rent Expense
512 Cost of Goods Sold
513 Income Summary
 HEADING

ASSETS LIABILITIES AND EQUITY

Current Assets Currents Liabilities
Cash Php 250,000.00 Accounts Payable
Accounts Receivable 100,000.00 Mortgage Payable
Inventory 50,000.00 Currents Liabilities
Prepaid Insurance 24,000.00
Supplies 5,000.00 Equity
Current Assets 429,000.00
Non- Current Assets
Land 300,000.00
TOTAL ASSETS Php 729,000.00
LIABILITIES AND EQUITY

62,000.00
25,000.00
87,000.00

642,000.00
642,000.00

Php 729,000.00

s
Date Particulars and Explanation Ref Debit Credit
 Date Particulars and Explanation Ref Debit Credit
12/31/2015 Bad debts Expense 505 Php 4,000.00
Allowance for doubtful of accounts 300 Php 4,000.00
to record an adjustment for the establish
establishment of allowance of 4% of gross
accounts receivable

Income Summary 513 4,000.00

Bad debts Expense 505 4,000.00

Alacantara,Capital 300 4,000.00

Income Summary 513 4,000.00
 GENERAL LEDGER
Account Title: CASH Account Code: 100
DATE ITEM REF DEBIT DATE ITEM
1/1/2016 Beg Php 250,000.00

TOTAL 12/31/2016 Php 250,000.00 TOTAL 12/31/2016

ENDING BALANCE 250000

GENERAL LEDGER
Account Title: Accounts Receivable Account Code: 100
DATE ITEM REF DEBIT DATE ITEM
1/1/2016 Beg Php -
TOTAL 12/31/2016 Php - TOTAL 12/31/2016

ENDING BALANCE 0
ount Code: 100
CREDIT
Php -

Php -

ount Code: 100

CREDIT
Php -
Php -
 SUBSIDIARY LEDGER -RECEIVALBE
NAME: Mrs . Mercy Hinayon Account Code: 100
DATE ITEM REF DEBIT DATE ITEM
Beg Php -

TOTAL 12/31/2016 Php - TOTAL 12/31/2016

ENDING BALANCE 0
ount Code: 100
CREDIT
Php -

Php -
 DATE PARTCULARS AND EXPLANATION Ref DEBIT CREDIT
12/3/2016
 HEADING

UNADJUSTED TRIAL ADJUSTED TRIAL

ADJUSTMENT
Account Title BALANCE BALANCE
Debit Credit Debit Credit Debit
Cash Php - Php - Php - Php - Php -
Accounts Receivable
Allowance for doubtful of accounts
Inventory
Prepaid Insurance
Supplies
Prepaid Rent
Land
Machine
Accumulated deprecition
Accounts Payable
Mortgage Payable
Interest Payable
Salaries Payable
Alacantara,Capital
Meneses, Capital
Vergara, Capital
Alacantara, Drawing
Meneses, Drawing
Vergara, Drawing
Sales
Sales returns and allowances
Sales discounts
Purchases
Freight in
Freight out
Purchase return and allowances
Purchase discounts
Bad debts Expense
Utilities Expenses
Salaries Expenses
Depreciation Expense
Insurance Expense
Supplies Expense
Rent Expense
Cost of Goods Sold
Income Summary
Php - Php - Php - Php - Php -
PROFIT
ADJUSTED TRIAL INCOME STATEMENT BALANCE SHEET
BALANCE
Credit Debit Credit Debit Credit
Php - Php - Php - Php - Php -

Php - Php - Php - Php - Php -

Php - Php - Php - Php - Php -