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    Moises Dondoyano Information Systems Company Trial Balance: Accounts Dr. CR

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    버니 모지코
    The document contains trial balance, income statement, statement of owner's equity, and statement of financial position for Moises Dondoyano Information Systems Company as of December 31, 200X. The trial balance shows total debits of ₱6,292,000 equal to total credits. The income statement shows net income before taxes of ₱1,080,000. The statement of owner's equity shows an increase in owner's capital from ₱2,655,000 to ₱3,135,000. The statement of financial position lists total assets of ₱3,798,000 equal to total liabilities and owner's equity.

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    Moises Dondoyano Information Systems Company Trial Balance: Accounts Dr. CR

    Uploaded by

    버니 모지코
    378 views5 pages
    The document contains trial balance, income statement, statement of owner's equity, and statement of financial position for Moises Dondoyano Information Systems Company as of December 31, 200X. The trial balance shows total debits of ₱6,292,000 equal to total credits. The income statement shows net income before taxes of ₱1,080,000. The statement of owner's equity shows an increase in owner's capital from ₱2,655,000 to ₱3,135,000. The statement of financial position lists total assets of ₱3,798,000 equal to total liabilities and owner's equity.

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    ALVIN, DUE TODAY

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    The document contains trial balance, income statement, statement of owner's equity, and statement of financial position for Moises Dondoyano Information Systems Company as of December 31, 200X. The trial balance shows total debits of ₱6,292,000 equal to total credits. The income statement shows net income before taxes of ₱1,080,000. The statement of owner's equity shows an increase in owner's capital from ₱2,655,000 to ₱3,135,000. The statement of financial position lists total assets of ₱3,798,000 equal to total liabilities and owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    378 views5 pages

    Moises Dondoyano Information Systems Company Trial Balance: Accounts Dr. CR

    Uploaded by

    버니 모지코
    The document contains trial balance, income statement, statement of owner's equity, and statement of financial position for Moises Dondoyano Information Systems Company as of December 31, 200X. The trial balance shows total debits of ₱6,292,000 equal to total credits. The income statement shows net income before taxes of ₱1,080,000. The statement of owner's equity shows an increase in owner's capital from ₱2,655,000 to ₱3,135,000. The statement of financial position lists total assets of ₱3,798,000 equal to total liabilities and owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    MOISES DONDOYANO INFORMATION SYSTEMS COMPANY

    TRIAL BALANCE
    December 31, 200X

    ACCOUNTS Dr. Cr.


    Cash ₱ 45,000.00
    Accounts Receivable ₱ 360,000.00
    Notes Receivable ₱ 156,000.00
    Office Supplies ₱ 63,000.00
    Land ₱ 300,000.00
    Building ₱ 1,590,000.00
    Accumulated Depreciation - Building ₱ 254,000.00
    Equipment ₱ 2,150,000.00
    Accumulated Depreciation - Equipment ₱ 612,000.00
    Accounts Payable ₱ 213,000.00
    Unearned Consulting Revenues ₱ 450,000.00
    Dondoyano, Capital ₱ 2,655,000.00
    Dondoyano, Withdrawals ₱ 600,000.00
    Consulting Revenues ₱ 2,108,000.00
    Salareis Expenses ₱ 875,000.00
    Repairs Expenses ₱ 116,000.00
    Miscellaneous Expenses ₱ 37,000.00
    TOTAL ₱ 6,292,000.00 ₱ 6,292,000.00
    MOISES DONDOYANO INFORMATION SYSTEMS COMPANY
    TRIAL BALANCE
    December 31, 200X

    Consulting Revenues ₱ 2,108,000.00


    Less: Operating Expenses
    Salareis Expenses ₱ 875,000.00
    Repairs Expenses ₱ 116,000.00
    Miscellaneous Expenses ₱ 37,000.00 ₱ 1,028,000.00
    Net income beforer Taxes ₱ 1,080,000.00
    MOISES DONDOYANO INFORMATION SYSTEMS COMPANY
    STATEMENT OF CHANGES IN OWNER'S EQUITY
    For the year ended December 31, 200X

    Dondoyano, Capital, 1/1/200X ₱ 2,655,000.00


    Add: Additional Investments ₱ -
    Net Income for the year ₱ 1,080,000.00
    Total ₱ 1,080,000.00
    Less: Withdrawals ₱ 600,000.00
    Net Increase (Decrease) in Owner's Equity ₱ 480,000.00

    Dondoyano, Capital, 12/31/200X ₱ 3,135,000.00


    MOISES DONDOYANO INFORMATION SYSTEMS COMPANY
    STATEMENT OF FINANCIAL POSITION
    As of December 31, 200X

    ASSETS
    Current Assets
    Cash ₱ 45,000.00
    Accounts Receivable ₱ 360,000.00
    Notes Receivable ₱ 156,000.00
    Office Supplies ₱ 63,000.00
    Total Current Assets ₱ 624,000.00
    Non-Current Assets
    Land ₱ 300,000.00
    Building ₱ 1,590,000.00
    Less: Accumulated Depreciation - Building ₱ 254,000.00 ₱ 1,336,000.00
    Equipment ₱ 2,150,000.00
    Less: Accumulated Depreciation - Equipment ₱ 612,000.00 ₱ 1,538,000.00
    Total Non-Current Assets ₱ 3,174,000.00
    TOTAL ASSETS
    LIABILITIES AND OWNER'S EQUITY
    Current Liabilities
    Accounts Payable ₱ 213,000.00
    Unearned Consulting Revenues ₱ 450,000.00
    Total Current Liablities ₱ 663,000.00
    Owner's Equity
    Dondoyano, Capital ₱ 3,135,000.00
    TOTAL LIABILITIES AND OWNBER'S EQUITY
    ₱ 3,798,000.00

    ₱ 3,798,000.00

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