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    Cleaners Worksheet

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    Cracklings Gacuma
    This document is a worksheet for Reynaldo Gulane Cleaners for the year ended September 30, 2016. It shows the trial balance, adjustments, adjusted trial balance, income statement and balance sheet. Key figures include total revenues of ₱1,580,340, net income of ₱39,660, total assets of ₱2,532,060 and total liabilities and equity of ₱2,532,060. Adjustments were made for prepaid insurance, cleaning supplies, accumulated depreciation, interest payable and salaries payable.

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    Cleaners Worksheet

    Uploaded by

    Cracklings Gacuma
    2K views1 page
    This document is a worksheet for Reynaldo Gulane Cleaners for the year ended September 30, 2016. It shows the trial balance, adjustments, adjusted trial balance, income statement and balance sheet. Key figures include total revenues of ₱1,580,340, net income of ₱39,660, total assets of ₱2,532,060 and total liabilities and equity of ₱2,532,060. Adjustments were made for prepaid insurance, cleaning supplies, accumulated depreciation, interest payable and salaries payable.

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    375999861-Cleaners-Worksheet

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    This document is a worksheet for Reynaldo Gulane Cleaners for the year ended September 30, 2016. It shows the trial balance, adjustments, adjusted trial balance, income statement and balance sheet. Key figures include total revenues of ₱1,580,340, net income of ₱39,660, total assets of ₱2,532,060 and total liabilities and equity of ₱2,532,060. Adjustments were made for prepaid insurance, cleaning supplies, accumulated depreciation, interest payable and salaries payable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2K views1 page

    Cleaners Worksheet

    Uploaded by

    Cracklings Gacuma
    This document is a worksheet for Reynaldo Gulane Cleaners for the year ended September 30, 2016. It shows the trial balance, adjustments, adjusted trial balance, income statement and balance sheet. Key figures include total revenues of ₱1,580,340, net income of ₱39,660, total assets of ₱2,532,060 and total liabilities and equity of ₱2,532,060. Adjustments were made for prepaid insurance, cleaning supplies, accumulated depreciation, interest payable and salaries payable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    REYNALDO GULANE CLEANERS

    WORKSHEET
    FOR THE YEAR ENDED SEPTEMBER 30, 2016
    TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET
    DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
    Cash ₱ 117,880.00 117,880.00 117,880.00
    Accounts Receivable 264,940.00 264,940.00 264,940.00
    Prepaid Insurance 34,000.00 (1) 27,200.00 6,800.00 6,800.00
    Cleaning Supplies 73,740.00 (2) 61,300.00 12,440.00 12,440.00
    Land 180,000.00 180,000.00 180,000.00
    Building 1,850,000.00 1,850,000.00 1,850,000.00
    Accumulated Depreciation - ₱ 456,000.00 (3) 128,000.00 584,000.00 584,000.00
    Building
    Accounts Payable 204,000.00 204,000.00 204,000.00
    Unearned Cleaning Revenues 16,000.00 (5) 4,000.00 12,000.00 12,000.00
    Mortgage Payable 1,100,000.00 1,100,000.00 1,100,000.00
    Gulane, Capital 565,600.00 565,600.00 565,600.00
    Gulane, Withdrawals 100,000.00 100,000.00 100,000.00
    Cleaning Revenues 1,576,340.00 (5) 4.000.00 1,580,340.00 1,580,340.00
    Salaries Expense 1,013,300.00 (6) 16,800.00 1,030,100.00 1,030,100.00
    Cleaning Equipment and Rental 60,000.00 60,000.00 60,000.00
    Expense
    Delivery Truck Expense 43,740.00 43,740.00 43,740.00
    Interest Expense 110,000.00 (4) 10,000.00 120,000.00 120,000.00
    Other Expenses 70,340.00 70,340.00 70,340.00
    ₱3,917,940.00 ₱3,917,940.00
    Adjustments:
    Insurance Expense (1) 27,200.00 27,200.00 27,200.00
    Cleaning Supplies Expense (2) 61,300.00 61,300.00 61,300.00
    Depreciation Expense-Building (3) 128,000.00 128,000.00 128,000.00
    Interest Payable (4) 10,000.00 10,000.00 10,000.00
    Salaries Payable (6) 16,800.00 16,800.00 16,800.00
    Subtotals 247,300.00 247,300.00 4,072,740.00 4,072,740.00 1,540,680.00 1,580,340.00 2,532,060.00 2,492,400.00
    Net Income 39,660.00 39,660.00
    Totals 1,580,340.00 1,580,340.00 2,532,060.00 2,532,060.00

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