Account Titles Unadjusted

Debit
Cash ₱ 216,490
Accounts Receivable 60,750
Finished Goods Inventory 6,000
Work in Process Inventory 40,000
Raw Materials Inventory 30,000
Factory Supplies Inventory 8,000
Finished Goods Inventory, End
Work in Process Inventory, End
Raw Materials Inventory, End
Office Supplies Inventory 650
Factory Insurance
Machinery 225,000
Accumulated Depreciation - Machinery
Office Furniture and Equipment 79,600
Accumulated Depreciation - Office Furniture and Equipment
Delivery Equipment 80,000
Accumulated Depreciation - Delivery Equipment
Accounts Payable
Notes Payable
SSS Premium Payable
Philhealth Premium Payable
HDMF Premium Payable
Withholding Tax Payable
Capital Stock
APIC
Retained Earnings
Income/ Expense Summary
Manufacturing Summary
Sales
Sales Discount 1,600
Raw Materials Purchases 23,000
Purchase Discount
Freight In 2,000
Direct Labor 39,000
Indirect Labor 10,000
Sales Salaries Expense 8,000
Administrative Salaries Expense 15,000
Factory Insurance - Factory Expense 1,500
Rent - Factory Expense 8,000
Machine Repair - Factory Expense 2,000
Machine and Oil Lubrication - Factory Expense 4,500
Delivery Truck Repairs - Factory Expense 3,750
Rent - Manufacturing Expense 4,000
Light and Power - Manufacturing Expense 3,000
Rent - Selling Expense 2,000
Light and Power - Selling Expense 1,500
Rent - Administrative Expense 2,000
Light and Power - Administrative Expense 1,500
Depreciation Expense - Machinery
Depreciation Expense - Office Furniture and Equipment
Depreciation Expense - Delivery Trucks
Factory Supplies Expense
Factory Expense
Office Supplies Expense
Totals ₱ 878,840
Net Income
Totals
Unadjusted Adjustments Adjusted
Credit Debit Credit Debit Credit
₱ 216,490
60,750

₱ 3,000 5,000
₱ 10,800 10,800
20,500 20,500
14,000 14,000
450 200
1,200 1,200
225,000
₱ 19,500 2,500 ₱ 22,000
79,600
10,200 750 10,950
80,000
17,000 1,000 18,000
11,500 1,750 13,250
74,800 74,800
1,440 1,440
1,080 1,080
720 720
3,600 3,600
250,000 250,000
155,000 155,000
93,500 93,500
10,800 6,000 10,800
34,500 70,000 34,500
240,000 240,000
1,600
23,000
500 500
2,000
39,000
10,000
8,000
15,000
1,200 300
8,000
2,000
4,500
3,750
4,000
 3,000
2,000
1,500
2,000
1,500
2,500 2,500
750 750
1,000 1,000
3,000 3,000
1,750 1,750
450 450
₱ 878,840 ₱ 55,950 ₱ 55,950 ₱ 930,140 ₱ 930,140
 Income Statement Balance Sheet
Debit Credit Debit Credit
₱ 216,490
60,750

5,000
10,800
20,500
14,000
200
1,200
225,000
₱ 22,000
79,600
10,950
80,000
18,000
13,250
74,800
1,440
1,080
720
3,600
250,000
155,000
93,500
₱ 6,000 ₱ 10,800
70,000 34,500
240,000
1,600
23,000
500
2,000
39,000
10,000
8,000
15,000
300
8,000
2,000
4,500
3,750
4,000
 3,000
2,000
1,500
2,000
1,500
2,500
750
1,000
3,000
1,750
450
₱ 216,600 ₱ 285,800 ₱ 713,540 ₱ 644,340
69,200 69,200
₱ 285,800 ₱ 285,800 ₱ 713,540 ₱ 713,540