Date Explanation Particulars Debit Credit

Dec. 2019
1 Cash 110 150,000
Detoya, Capital 310 150,000

2 Rent Expense 530 8,000

Cash 110 8,000

2 Supplies 140 7,200

Accounts Payable 210 7,200

3 Office Equipment 150 75,000

Cash 110 37,000
Accounts Payable 210 38,000

8 Accounts Payable 210 7,200

Cash 110 7,200

14 Salaries Expense 510 6,000

Cash 110 6,000

20 Cash 110 20,000

Consulting Revenues 410 20,000

28 Salaries Expense 510 6,000

Cash 110 6,000

30 Accounts Receivable 120 48,000

Consulting Revenues 410 48,000

31 Detoya, Withdrawals 320 12,000

Cash 110 12,000

339,400 339,400
 Cash (110) Office Equipment (15
1-Dec 150,000 8,000 2-Dec 3-Dec
20-Dec 20,000 37,000 3-Dec
7,200 8-Dec
6,000 14-Dec
6,000 28-Dec
12,000 31-Dec
170,000 76,200
93,800

Accounts Receivable (120) Accumulated Depreciation

30-Dec 48,000

48,000

Fees Receivable (130) Accounts Payable (21

31-Dec 10,000 8-Dec

10,000

Supplies (140) Salaries Payable (220

2-Dec 7,200
2,500 31-Dec 1-Jan

4,700
 Office Equipment (150) Detoya, Capital (310)
75,000 31-Dec 12,000 150,000
52,900
12,000 202,900
190,900

75,000

Accumulated Depreciation (155) Detoya, Withdrawals (320)

800 31-Dec 31-Dec 12,000 12,000

800 0 0

Accounts Payable (210) Income Summary (330)

7,200 7,200 2-Dec 31-Dec 52,900 52,900
38,000 3-Dec

7,200 45,200 0 0
38,000

Salaries Payable (220) Consulting Revenues (410)

1,800 31-Dec 78,000 20,000
1,800 48,000
10,000

78,000 78,000
0 0 0
 Salaries Expense (510)
14-Dec 6,000 13,800
28-Dec 6,000
31-Dec 1,800

13,800 13,800
0 0

Supplies Expense (520)

31-Dec 2,500 2,500

0 0

Rent Expense (530)

2-Dec 8,000 8,000

0 0

Depreciation Expense (540)

20-Dec 31-Dec 800 800
30-Dec
31-Dec

0 0
 Edgar Detoya, Tax Consultant
Unadjusted Trial Balance
December 31, 2019

Cash ₱ 93,800.00
Accounts Receivable 48,000
Fees Receivable 0
Supplies 7,200
Office Equipment 75,000
Accumulated Depreciation 0
Accounts Payable 38,000
Salaries Payable 0
Detoya, Capital 150,000
Detoya, Withdrawals 12,000
Consulting Revenues 68,000
Salaries Expense 12,000
Supplies Expense 0
Rent Expense 8,000
Depreciaiton Expense 0
₱ 256,000 ₱ 256,000
 Edgar Detoya, Tax Consultant
Worksheet
For the month ended December 31, 2019

No. Trial Balance Adjustments Adjusted Trial Balance

Dr Cr Dr Cr Dr
110 Cash 93,800 93,800
120 Accounts Receivable 48,000 48,000
130 Fees Receivable - d. 10,000 10,000
140 Supplies 7,200 a. 2,500 4,700
150 Office Equipment 75,000 75,000
155 Accumulated Depreciation - c. 800
210 Accounts Payable 38,000
220 Salaries Payable - b. 1,800
310 Detoya, Capital 150,000
320 Detoya, Withdrawals 12,000 12,000
410 Consulting Revenues 68,000 d. 10,000
510 Salaries Expense 12,000 b. 1,800 13,800
520 Supplies Expense - a. 2,500 2,500
530 Rent Expense 8,000 8,000
540 Depreciation Expense - c. 800 800
256,000 256,000 15,100 15,100 268,600
nsultant

mber 31, 2019

Adjusted Trial Balance Income Statement Balance Sheet

Cr Dr Cr Dr Cr
93,800
48,000
10,000
4,700
75,000
800 800
38,000 38,000
1,800 1,800
150,000 150,000
12,000
78,000 78,000
13,800
2,500
8,000
800
268,600 25,100 78,000 243,500 190,600
52,900 52,900
78,000 78,000 243,500 243,500
 Edgar Detoya, Tax Consultant
Income Statement
For the month ended December 31, 2019

Revenues Detoya, Capital, Beg. (10/1/2019)

Consulting Revenes 78,000.00 Add:
Total 78,000.00 Addt'l Investments
Profit
Total
Less:
Expenses Withdrawals
Salaries Expense 13,800.00 Detoya, Capital, End. (10/1/2019)
Supplies Expense 2,500.00
Rent Expense 8,000.00
Depreciation Expense 800.00
Total 25,100.00

Profit 52,900.00
 Edgar Detoya, Tax Consultant Edgar Detoya, Tax Co
Statement of Changes in Equity Balance Shee
For the month ended December 31, 2019 December 31, 2
Current Assets
apital, Beg. (10/1/2019) 150,000.00 Cash
Accounts Receivable
Addt'l Investments - Fees Receivable
52,900.00 52,900.00 Supplies
202,900.00 Total CA

Withdrawals 12,000.00 Non-Current Assets

apital, End. (10/1/2019) 190,900.00 Office Equipments
Less: Accumulated Depreciation
Total NCA

Total Assets

Current Liabilities
Accounts Payable
Salaries Payable
Total Liabilities

Owner's equity
Detoya, Capital, (10/31/19)
Total Liabilities and Equity

Edgar Detoya, Tax Co

Statement of Cash
December 31, 2
Cash provided by:
Operating Activites
Investing Activities
Financing Activities
Net Increase in Cash
Beg. Cash Balance
End. Cash Balance
 Edgar Detoya, Tax Consultant
Balance Sheet
December 31, 2019

93,800.00
48,000.00
10,000.00
4,700.00
156,500.00

75,000.00
ed Depreciation 800.00 74,200.00
74,200.00

230,700.00

38,000.00
1,800.00
39,800.00

apital, (10/31/19) 190,900.00

230,700.00

Edgar Detoya, Tax Consultant

Statement of Cash Flows
December 31, 2019

(7,800.00)
(37,000.00)
138,000.00
93,200.00
-
93,200.00
ADJUSTMENTS CLOSING ENTRIES
December 31, 2019 December 31, 2019

Explanation Particulars Dr Cr Consulting Revenues

Supplies Expense 510 2,500.00 Income summary
Supplies 140 2,500.00
Income summary
Salaries Expense 510 1,800.00 Salaries expense
Salaries Payable 220 1,800.00 Supplies expense
Rent expense
Depreciation Expense 540 800.00 Depreciation expense
Accum. Depreciation 155 800.00
Income Summary
Fees Receivable 130 10,000.00 Detoya, Capital
Consulting Revenues 410 10,000.00
Detoya, Capital
Detoya, Withdrawals
 POST-CLOSING TRIAL BALANCE
December 31, 2019

78,000.00 Cash
Income summary 78,000.00 Accounts Receivable
Supplies
25,100.00 Fees Receivable
Salaries expense 13,800.00 Office Equipment
Supplies expense 2,500.00 Accumulated Depreciation
Rent expense 8,000.00 Accounts Payable
Depreciation expense 800.00 Salaries Payable
Detoya, Capital
52,900.00
Detoya, Capital 52,900.00

12,000.00
Detoya, Withdrawals 12,000.00
 REVERSING ENTRIES
January 01, 2020

93,800.00 Explanation Particulars Dr Cr

48,000.00
4,700.00 Salaries Payable 220 1,800.00
10,000.00 Salaries Expense 510 1,800.00
75,000.00
800.00
38,000.00
1,800.00
190,900.00
231,500.00 231,500.00