Client: SBMF International marketing, Inc

Year-end: 31-Dec-15
2014 2015
3,805,868 2,028,700 5,834,568
3,361,962 1,666,314 5,028,276
29,337,954 (368,501) 28,969,453
681,802 30,313 712,115
37,187,586 40,544,412
1,658,590 (370,922) 1,287,668
38,846,176 41,832,080

26,833,208 841,444 27,674,652

877,445 - 877,445
804,738 80,022 884,760
28,515,391 29,436,857
2,500,000 - 2,500,000
7,830,785 2,064,438 9,895,223
38,846,176 41,832,080
 SBMF INTERNATIONAL MARKETING, INC.
Adjusted Trial Balance
December 31, 2015

Unadjusted Client
Account Title Ref.
Trial Balance Adjusting Entries

Cash A
Cash on Hand 5,784,568
Cash in Bank - Chinabank 50,000
Trade & Other Receivables B
Trade
ALTURAS SUPERMARKET CORP(ISLAND CITY MALL) 214,872
DAILY SHOPPERS MALL INC. 205,585
DAVAO CENTRAL WAREHOUSE CLUB INC. 810,160
DSG SONS GROUP INC. 459,508
FELCRIS SUPERMARKET, INC. 1,251,121
GAISANO DADIANGAS INC. 310,693
ISETANN DEPT STORE INC. - ISM 59,208
KORONADAL COMMERCIAL CORP. 203,428
KCC PROPERTY HOLDINGS INC. 143,083
LEGEND SHOPPING MART CORP 63,041
LOPUES ARANETA & EAST CENTER 144,211
MALITA CENTRAL WAREHOUSE CLUB, INC. 103,681
NABUNTURAN CENTRAL WAREHOUSE CLUB, INC. 161,305
RIVIERA MERCANTILE SYSTEMS INC. 371,728
SAMAL CENTRAL WAREHOUSE CLUB, INC. 103,534
SHOPPERS' CENTRAL INC. 239,514
 SOUTHWOOD MINDANAO CORP 41,500
TAGUM COMMERCIAL AND REALTY CORP 142,104
Other Receivables
Inventories C
Raw Materials 2,896,002
Work in Process 3,229,430
Finished Goods 22,844,021
Other Current Assets D
Prepaid Tax 402,957
Creditable Tax Withheld 309,158
Property & Equipement E
Building Improvement 937,941
Machinery & Equipment 1,804,520
Furniture &Fixture 849,099
Delivery Equipment 1,533,929
Office Equipment 1,365,584
Accum. Depreciation Exp. E
ADE - Building Improvement 707,716 93,794
ADE - Machinery & Equipment 1,804,520 -
ADE - Furniture &Fixture 741,099 36,000
ADE - Delivery Equipment 934,679
ADE - Office Equipment 644,469 87,735
Trade & Other Payables F
J.W PLAZA 3,462,505
INTEL DRIVE INC 2,456,866
RTCC 1,330,105
HDB COMPANY 7,133,213
JR FABRIC 4,800,000
DCT WAREHOUSE CO. 3,018,818
WENDY & WENDIE 211,218
CELERON INC 1,555,491
FABRIC WAREHOUSE 3,604,693
VC TRADING 101,741
Advances from Stockholders G
877,445
Income Tax Payable H
884,760
Share Capital I
2,500,000
Retained Earnings J
Appropriated RE 7,400,000
Unappropriated RE 2,495,223
Revenue K
51,877,408 183,392
Cost of Goods Sold L
38,084,551
Administrative Expense M
Compensation & Other Ben 4,475,607
Promotional Exp. 1,446,281
Taxes & Licenses 680,057
Communication 180,593
Stationary & Office Supplies 185,576
Transpo. & Travel 497,004
Professional Fee 20,661 34,137
Representation 221,877
Repair & Maint. - Factory 892,506
Repair & Maint. - Vehicle 317,374
Security Services 346,000
SSS, PhilHealth, HDMF 483,845
Insurance 92,039
Interest 338,704
Utiities 259,429
Donation 263,000
Gas & Oil 814,094
Misc. 305,345
Rice & Grocery Subsidies 94,340
 Research & Development 183,360
Registration 25,287
Delivery 414,197
Income Tax Expense N
884,759

TOTAL 98,541,971 98,541,971 217,529 217,529

 AA-2
Prepared by: Hannah Lara
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

NG, INC.
e

Adjusted Proposed Audited

Trial Balance Adjusting Entries Trial Balance

5,834,568
5,784,568
50,000
5,028,276

214,872
205,585
810,160
459,508
1,251,121
310,693
59,208
203,428
143,083
63,041
144,211
103,681
161,305
371,728
103,534
239,514
 41,500
142,104

28,969,453
2,896,002
3,229,430
22,844,021
712,115
402,957
309,158
4,686,553
937,941
1,804,520 1,804,520
849,099
1,533,929
1,365,584
3,398,885
801,510
1,804,520 1,804,520
777,099
934,679 153,393
732,204
27,674,652
3,462,505
2,456,866
1,330,105
7,133,213
4,800,000
3,018,818
211,218
1,555,491
3,604,693
101,741
 877,445
877,445
884,760
884,760
2,500,000
2,500,000
9,895,223
7,400,000
2,495,223
51,694,016
51,694,016
38,084,551
38,084,551
12,724,706
4,475,607
1,446,281
680,057
180,593 47,581
185,576
497,004
54,798
221,877
892,506
317,374
346,000
483,845
92,039
338,704
259,429
263,000 105,812
814,094
305,345
94,340
 183,360
25,287
414,197
884,759
884,759

98,576,108 98,576,108 1,957,913 1,957,913 96,924,981 96,924,981

 SBMF INTERNATIONAL MARKETING, INC.
Working Trial Balance - Balance Sheet
December 31, 2015

General Ledger
Account Title Ref. 12/31/2014 12/31/2015
(Audited) (Unaudited) Adjustments
ASSETS
Cash A 3,805,868 5,834,568
Trade & Other Receivables B 3,361,962 5,028,276
Inventories C 29,337,954 28,969,453
Other Current Assets D 681,802 712,115
Total Current Assets 37,187,586 40,544,412
Property & Equipement - net E 1,658,590 1,441,061
Total 38,846,176 41,985,473

LIABILITIES & STOCKHOLDERS' EQUITY

Trade & Other Payables F 26,833,208 27,674,652
Accum. Depreciation E 4,832,483 5,050,012 153,393
Advances from Stockholders G 877,445 877,445
Income Tax Payable H 804,738 884,760
Total Liabilities 28,515,391 29,436,857
Share Capital I 2,500,000 2,500,000
Retained Earnings J 7,830,785 9,895,223
Total 38,846,176 41,832,080
 AA-1
Prepared by: Hannah Lara
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

12/31/2015
Reclassifications Audited FS

###
###
###
###
40,544,412
1,287,668
41,832,080

###
5,203,405
###
###
29,436,857
###
###
41,832,080
 SBMF INTERNATIONAL MARKETING, INC.
Cash Lead Schedule
December 31, 2015

Account Ref. Unaudited Balance AJEs Audited Bala

Cash in Bank 5,784,568

Cash on Hand 50,000
Total Cash 5,834,568

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
F Footed

SBMF INTERNATIONAL MARKETING, INC.

Trade and Other Receivables Lead Schedule
December 31, 2015

Account Ref. Unaudited Balance AJEs Audited Bala

Trade Receivables B-1 5,028,276

Other Receivables -
Trade and Other Receivables 5,028,276

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
F Footed
 SBMF INTERNATIONAL MARKETING, INC.
Inventory Lead Schedule
December 31, 2015

Account Ref. Unaudited Balance AJEs Audited Bala

Raw Materials 2,896,002 -

Work in Process 3,229,430
Finished Goods 22,844,021
Total Inventory 28,969,453

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
F Footed

SBMF INTEERNATIONAL MARKETING, INC.

Other Current Assets Lead Schedule
December 31, 2015

Account Ref. Unaudited Balance AJEs Audited Bala

Prepaid Tax 402,957

Creditable Tax Withheld 309,158
Other Current Assets 712,115

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
 F Footed

SBMF INTERNATIONAL MARKETING, INC.

Trade and Other Payables Lead Schedule
December 31, 2015

Account Ref. Unaudited Balance AJEs Audited Bala

Accrued Expenses 253,459

Accounts Payable F-1 9,060,524
Other Payable 18,156,000
VAT Payable 204,670
Total 27,674,653

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
F Footed

SBMF INTERNATIONAL MARKETING, INC.

Share Capital Lead Schedule
December 31, 2015

Account Ref. Unaudited Balance AJEs Audited Bala

Share Capital 2,500,000

Total 2,500,000
Thick Mark Symbols:
Correct Amount
TB Agree with Trial Balance
F Footed

SBMF INTERNATIONAL MARKETING, INC.

Retained Earnings Lead Schedule
December 31, 2015

Account Ref. Unaudited Balance AJEs Audited Bala

Appropriated RE 7,400,000
Unappropriated RE 2,495,223
Retained Earnings 9,895,223

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
F Footed
 A
Prepared by: Therrie Anne Miranda
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

SBMF INTERNA
Advances from S
Dece

Audited Balance Account Ref. Unaudited Ba

5,784,568 Advances from Stockhoders

50,000 Total Cash
5,834,568 TB F

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
F Footed

B
Prepared by: Joweelynne Mesina
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

ule

Audited Balance
SBMF INTERNA
5,028,276 Income Tax P
- Dece
5,028,276 TB F
Account Ref. Unaudited Ba

Income Tax Payable

Total

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
 F Footed

C
Prepared by: Joweelynne Mesina
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

Audited Balance SBMF INTERNA

Revenu
2,896,002 Dece
3,229,430
22,844,021 Account Ref. Unaudited Ba
28,969,453 TB F
Revenue
Total

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
F Footed
D
Prepared by: Tricia Marie Arriola
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

Audited Balance

402,957
309,158
712,115 TB F
 SBMF INTERNA
Cost of Good
Dece

Account Ref. Unaudited Ba

Cost of Goods Sold

F Total
Prepared by: Chaira Grace L. Santos
Reviewed by: Jonabhelle Impas Tick Mark Symbols:
Date: 3/1/2016 Correct Amount
TB Agree with Trial Balance
F Footed
e

Audited Balance

253,459
9,060,524
18,156,000
204,670
27,674,653 TB F

SBMF INTERNA
Administrative
Dece

I Account Ref. Unaudited Ba

Prepared by: Chaira Grace L. Santos
Reviewed by: Jonabhelle Impas Compensation & Other Ben
Date: 3/1/2016 Promotional Exp.
Taxes & Licenses
Communication
Stationary & Office Supplies
Transpo. & Travel
Professional Fee
Audited Balance Representation
Repair & Maint. - Factory
2,500,000 Repair & Maint. - Vehicle
2,500,000 TB F Security Services
SSS, PhilHealth, HDMF
 Insurance
Interest
Utiities
Donation
Gas & Oil
Misc.
Rice & Grocery Subsidies
Research & Development
Registration
Delivery
Total

J
Prepared by: Darwin Lagran Tick Mark Symbols:
Reviewed by: Jonabhelle Impas Correct Amount
Date: 3/1/2016 TB Agree with Trial Balance
F Footed

Audited Balance

7,400,000
2,495,223
9,895,223 TB F

SBMF INTERNA
Income Tax E
Dece

Account Ref. Unaudited Ba

Income Tax Expense

Total

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
F Footed
 G
Prepared by: Darwin Lagran
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

SBMF INTERNATIONAL MARKETING, INC.

Advances from Stockhoders Lead Schedule
December 31, 2015

Unaudited Balance AJEs Audited Balance

877,445 877,445
877,445 877,445 TB F

H
Prepared by: Darwin Lagran
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

SBMF INTERNATIONAL MARKETING, INC.

Income Tax Payable Lead Schedule
December 31, 2015

Unaudited Balance AJEs Audited Balance

884,760 884,760
884,760 884,760 TB F
 K
Prepared by: Joweelynne Mesina
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

SBMF INTERNATIONAL MARKETING, INC.

Revenue Lead Schedule
December 31, 2015

Unaudited Balance AJEs Audited Balance

51,877,408 51,877,408
51,877,408 51,877,408 TB F

L
Prepared by: Darwin Lagran
Reviewed by: Jonabhelle Impas
Date: 3/1/2016
 SBMF INTERNATIONAL MARKETING, INC.
Cost of Goods Sold Lead Schedule
December 31, 2015

Unaudited Balance AJEs Audited Balance

38,084,551 38,084,551
38,084,551 38,084,551 TB F

M
Prepared by: Darwin Lagran
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

SBMF INTERNATIONAL MARKETING, INC.

Administrative Expense Lead Schedule
December 31, 2015

Unaudited Balance AJEs Audited Balance

4,475,607 4,475,607
1,446,281 1,446,281
680,057 680,057
180,593 47,581 228,174
185,576 185,576
497,004 497,004
20,661 20,661
221,877 221,877
892,506 892,506
317,374 317,374
346,000 346,000
483,845 483,845
 92,039 92,039
338,704 338,704
259,429 259,429
263,000 105,812 368,812
814,094 814,094
305,345 305,345
94,340 94,340
183,360 183,360
25,287 25,287
414,197 414,197
12,537,176 153,393 12,690,569 TB F

N
Prepared by: Darwin Lagran
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

SBMF INTERNATIONAL MARKETING, INC.

Income Tax Expense Lead Schedule
December 31, 2015

Unaudited Balance AJEs Audited Balance

884,759 884,759
884,759 884,759 TB F
 SBMF INTERNATIONAL MARKETING, INC.
Property, Plant, and Equipment Lead Schedule
December 31, 2015

Cost Accumulated Depreci

Beginning Ending Beginning
Account Ref. Additions Deletions Additions
Balance Balance Balance

Building Improvement 937,941 937,941 707,716 93,794

Machinery & Equipment 1,804,520 1,804,520 1,804,520 -
Furniture &Fixture 849,099 849,099 741,099 36,000
Delivery Equipment 1,533,929 1,533,929 934,679 153,393
Office Equipment 1,365,584 1,365,584 644,469 87,735
Total 6,491,073 6,491,073 4,832,483 370,922

Tick Mark Symbols:

Correct Amount
TB Agree with Trial Balance
F Footed
 E
Prepared by: Therrie Anne Miranda
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

lated Depreciation
Ending
Deletions
Balance

801,510
1,804,520
777,099
1,088,072
732,204
5,203,405 TB F
 SBMF INTERNATIONAL MARKETING INC.
Trade Receivables Sub-Lead Schedule
December 31, 2015

TIN# Name

000-254-327-003 ALTURAS SUPERMARKET CORP(ISLAND CITY MALL)

000-254-327-003 ALTURAS SUPERMARKET CORP(ISLAND CITY MALL)
000-254-327-003 ALTURAS SUPERMARKET CORP(ISLAND CITY MALL)
000-515-415-000 DAILY SHOPPERS MALL INC.
000-515-415-000 DAILY SHOPPERS MALL INC.
000-515-415-000 DAILY SHOPPERS MALL INC.
000-074-847-000 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-003 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-003 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-003 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-005 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-007 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-007 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-007 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-008 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-008 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-847-008 DAVAO CENTRAL WAREHOUSE CLUB INC.
000-074-902-000 DSG SONS GROUP INC.
000-074-902-000 DSG SONS GROUP INC.
000-074-902-000 DSG SONS GROUP INC.
000-075-773-000 FELCRIS SUPERMARKET, INC.
000-075-773-000 FELCRIS SUPERMARKET, INC.
000-075-773-000 FELCRIS SUPERMARKET, INC.
000-075-773-000 FELCRIS SUPERMARKET, INC.
000-429-069-000 GAISANO DADIANGAS INC.
000-429-069-000 GAISANO DADIANGAS INC.
000-429-069-000 GAISANO DADIANGAS INC.
000-083-602-000 ISETANN DEPT STORE INC. - ISM
000-429-094-000 KORONADAL COMMERCIAL CORP.

TIN# Name
000-429-094-000 KORONADAL COMMERCIAL CORP.
005-137-010-000 KCC PROPERTY HOLDINGS INC.
110-005-137-010 KCC PROPERTY HOLDINGS INC.
006-022-372-000 LEGEND SHOPPING MART CORP
001-841-105-000 LOPUES ARANETA & EAST CENTER
005-630-535 MALITA CENTRAL WAREHOUSE CLUB, INC.
004-445-847-000 NABUNTURAN CENTRAL WAREHOUSE CLUB, INC.
000-085-294-000 RIVIERA MERCANTILE SYSTEMS INC.
006-189-622-000 SAMAL CENTRAL WAREHOUSE CLUB, INC.
000-255-490-000 SHOPPERS' CENTRAL INC.
000-255-490-000 SHOPPERS' CENTRAL INC.
005-170-003-000 SOUTHWOOD MINDANAO CORP
247-793-081-000 TAGUM COMMERCIAL AND REALTY CORP
247-793-081-000 TAGUM COMMERCIAL AND REALTY CORP
Account Receivable

Tick Mark Symbols:

F Footed
TB Agreed to Trial Balance
Correct Amount
 B-1
Prepared by: Joweelynne Mesina
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

AL MARKETING INC.
Sub-Lead Schedule
r 31, 2015

Name

(ISLAND CITY MALL) 69,236.17

(ISLAND CITY MALL) 89,499.94
(ISLAND CITY MALL) 56,136.01
71,304.00
35,971.00
98,310.00
110,186.00
42,205.00
102,086.00
139,574.00
36,009.00
59,491.00
105,193.60
62,360.00
65,524.00
37,031.00
50,500.00
150,445.00
85,248.00
223,815.00
434,525.89
345,807.14
120,945.57
349,842.36
71,864.36
185,179.03
53,649.84
59,207.50
 106,602.21

96,825.92
55,379.88
87,702.69
63,041.00
144,211.00
103,681.00
HOUSE CLUB, INC. 161,305.00
371,728.02
103,534.00
109,336.83
130,177.48
41,500.00
91,586.00
50,518.41
5,028,275.85 F TB

214,872.12

205,585.00

810,159.60
 459,508.00

1,251,120.96

310,693.23

59,207.50
203,428.13

143,082.57

63,041.00

144,211.00
103,681.00
161,305.00
371,728.02
103,534.00
239,514.31

41,500.00
142,104.41
 P
R

SBMF INTERNATIONAL MARKETING INC.

Trade and Other Payables Sub-lead Schedule
December 31, 2015

TIN # Name Amount

000-783-233-445 J.W PLAZA 2,008,888.00

000-783-233-445 J.W PLAZA 200,899.00
000-783-233-445 J.W PLAZA 100,988.24
000-987-780-030 INTEL DRIVE INC 1,000,200.00
000-987-780-030 INTEL DRIVE INC 1,456,666.45
000-783-233-445 J.W PLAZA 300,990.00
000-783-233-445 J.W PLAZA 400,897.70
003-879-889-758 RTCC 421,111.10
003-879-889-758 RTCC 185,179.03
003-879-889-758 RTCC 500,000.00
003-879-889-758 RTCC 223,815.00
001-565-778-900 HDB COMPANY 5,456,444.28
000-783-233-445 JW PLAZA 349,842.36
000-556-453-221 JR FABRIC 4,800,000.00
000-783-233-445 JW PLAZA 100,000.00
000-924-690-001 DCT WAREHOUSE CO. 100,000.00
000-924-690-001 DCT WAREHOUSE CO. 65,099.00
000-924-690-001 DCT WAREHOUSE CO. 64,573.00
000-924-690-001 DCT WAREHOUSE CO. 4,635.89
000-924-690-001 DCT WAREHOUSE CO. 6,372.67
000-924-690-001 DCT WAREHOUSE CO. 6,357.78
000-924-690-001 DCT WAREHOUSE CO. 200,736.45
000-924-690-001 DCT WAREHOUSE CO. 7,396.00
000-924-690-001 DCT WAREHOUSE CO. 677,892.00
000-924-690-001 DCT WAREHOUSE CO. 1,700,746.67
000-924-690-001 DCT WAREHOUSE CO. 185,008.82
001-565-778-900 HDB COMPANY 1,676,768.87
000-776-900-988 WENDY & WENDIE 10,945.57
000-776-900-988 WENDY & WENDIE 3,873.00
000-776-900-988 WENDY & WENDIE 71,864.36
000-776-900-988 WENDY & WENDIE 45,900.00
000-776-900-988 WENDY & WENDIE 78,635.00
000-676-876-700 CELERON INC 434,545.89
000-676-876-700 CELERON INC 1,000,000.00
000-676-876-700 CELERON INC 120,945.57
00-344-556-534 FABRIC WAREHOUSE 677,909.08
00-344-556-534 FABRIC WAREHOUSE 345,807.14
00-344-556-534 FABRIC WAREHOUSE 800,000.00
00-344-556-534 FABRIC WAREHOUSE 333,900.00
00-344-556-534 FABRIC WAREHOUSE 657,700.77
00-344-556-534 FABRIC WAREHOUSE 789,376.11
000-998-786-450 VC TRADING 23,564.98
000-998-786-450 VC TRADING 33,676.11
000-998-786-450 VC TRADING 23,700.00
000-998-786-450 VC TRADING 20,800.11

Accunts Payable 27,674,652.00

Tick Mark Symbols:

F Footed
TB Agreed to Trial Balance
Correct Amount
 F-1
Prepared by: Chaira Grace L. Santos
Reviewed by: Jonabhelle Impas
Date: 3/1/2016

NG INC.
ad Schedule

Amount

2,008,888.00 P
200,899.00
100,988.24
1,000,200.00 P
1,456,666.45
300,990.00 P
400,897.70
421,111.10
185,179.03
500,000.00
223,815.00
5,456,444.28
349,842.36
4,800,000.00
100,000.00
100,000.00
65,099.00
64,573.00
4,635.89
6,372.67
6,357.78
200,736.45
7,396.00
677,892.00
1,700,746.67
185,008.82
1,676,768.87
10,945.57
 3,873.00
71,864.36
45,900.00
78,635.00
434,545.89
1,000,000.00
120,945.57
677,909.08
345,807.14
800,000.00
333,900.00
657,700.77
789,376.11
23,564.98
33,676.11
23,700.00
20,800.11

27,674,652.00 F TB
Client's Adjusting Entries

1. Retained Earnings 217,529

Accumulated Depreciation
To depreciate company's PPE

2. Revenue 183,392
Retained Earnings
To reduce the revenue due to incorrect recording

3. Professional fee expense 34,317

Retained Earnings
For additional professional expense incurred
 Proposed Adjusting Entries

1. Accumulated Depreciation
217,529 Retained Earnings
To correctly adjust the company's PPE

2. Accumulated Depreciation - Machinery Equipment

183,392 Machinery Equipment
To retire fully depreciated Machinery Equipment

2. Communications Expense
34,317 Retained Earnings
To correct the expense in its correct amount

3. Donations
Retained Earnings
To correct the total amount of Donations
 DD

153,393
153,393
any's PPE

y Equipment 1,804,520
1804520
chinery Equipment

47,581
47,581
orrect amount

105,812
105,812
f Donations