GRANFON SERVICE CO.

WORKSHEET
DECEMBER 31,2018
UNADJUSTED TB ADJUSTMENT
10 cash ₱ 52,000.00
11 accounts receivable ₱ 162,000.00 ₱ 63,500.00
12 prepaid insurance ₱ 40,000.00
13 supplies ₱ 24,500.00
14 land ₱ 1,000,000.00
15 building ₱ 1,415,000.00
16 accumulated dep'n - building ₱ 957,000.00
17 equipment ₱ 901,000.00
18 accumulated dep'n - equipment ₱ 653,000.00
21 accounts payable ₱ 75,000.00
22 unearned rent ₱ 60,000.00 ₱ 25,000.00
31 G. capital ₱ 1,271,000.00
32 G. drawing ₱ 50,000.00
41 service rev. ₱ 2,184,000.00
51 salaries expense ₱ 908,000.00 ₱ 31,700.00
52 utilities expense ₱ 282,000.00
53 advertising expense ₱ 190,000.00
54 repairs and maintenance expense ₱ 135,000.00
55 miscellanous expense ₱ 40,500.00
₱ 5,200,000.00 ₱ 5,200,000.00
Dep'n expense ₱ 61,000.00
salaries payable
insurance expense ₱ 21,000.00
supplies expense ₱ 17,750.00
₱ 219,950.00
ADJUSTMENT ADJUSTED TB adjusting entry
₱ 52,000.00
₱ 225,500.00 a. dep'n expense
₱ 21,000.00 ₱ 19,000.00 acc. Dep'n - buil
₱ 17,750.00 ₱ 6,750.00 #
₱ 1,000,000.00
₱ 1,415,000.00 b. dep'n expense
₱ 21,000.00 ₱ 978,000.00 acc. Dep'n - equipt
₱ 901,000.00 #
₱ 40,000.00 ₱ 693,000.00
₱ 75,000.00 c. salaries expense
₱ 35,000.00 salaries payable
₱ 1,271,000.00 #
₱ 50,000.00
₱ 88,500.00 ₱ 2,272,500.00 d. insurance expense
₱ 939,700.00 prepaid insurance
₱ 282,000.00 #
₱ 190,000.00
₱ 135,000.00 e. A/R
₱ 40,500.00 service rev
#
₱ 61,000.00
₱ 31,700.00 ₱ 31,700.00 f. supplies expense
₱ 21,000.00 supplies
₱ 17,750.00 #
₱ 219,950.00 ₱ 5,356,200.00 ₱ 5,356,200.00
g. unearned rent
service income
#
21,000
21,000

40,000
40,000

31,700
31,700

21,000
21,000

63,500
63,500

17,750
17,750

25,000
25,000