BOHOL PENSION HOUSE

Worksheet
January 31,2021
UNADJUSTMENT TRIAL BALANCE ADJUSTMENT
Account Title Debit Credit Debit Credit
Cash In Bank 180,000 3,800
Petty Cash Fund 1,500
Accounts Receivable 60,000
Estimated Uncollectible Accounts 1,000 3,000
Prepaid Insurance 12,800 800
Prepaid Interest(Bank Loan) 20,000 5,000
Operating Supplies 58,000 52,500
Building 1,950,000
Acc.Derpreciation -Building 100,000 15,417
Furniture and Fixtures 1,575,000
Acc.Depreciation-Furniture and Fixtures 117,500 24,292
Linens and Towels 600,000
Notes Payable(Bank Loan) 785,000
D.Tabaranza,Capital 3,418,500
D.Tabaranza,Drawing 18,000
Hotel Income 144,400 3,800
Taxes and Licenses 12,880
Telephone and Postage 12,120
Laundry Expenses 15,000
Audit and Legal Fess 12,600
Salaries and Wages 25,000 8,000
Utilities Expense 13,500
TOTAL 4,566,400 4,566,400
Adjusments:
Uncollectible Accounts 3,000
Salaries Payable 8,000
Depreciation Expense-Building 15,417
Depreciation Expense-Furniture and Fixture 24,292
Interest Expense 5,000
Supplies Expense 52,500
Insurance Expense 800
TOTAL 112,809 112,809
NET LOSS
TOTAL
ENSION HOUSE
orksheet
,2021
ADJUSMENT TRIAL BALANCE INCOME STATEMENT BALANCE SHEET
Debit Credit Debit Crredit Debit Credit
183,800 183,800
1,500 1,500
60,000 60,000
4,000 4,000
12,000 12,000
15,000 15,000
5,500 5,500
1,950,000 1,950,000
115,417 115,417
1,575,000 1,575,000
141,792 141,792
600,000 600,000
785,000 785,000
3,418,500 3,418,500
18,000 18,000
148,200 148,200
12,880 12,880
12,120 12,120
15,000 15,000
12,600 12,600
25,000 25,000
13,500 13,500

3,000 3,000
8,000 8,000
15,417 15,417
24,292 24,292
5,000 5,000
52,500 52,500
800 800
4,620,909 4,620,909 200,109 156,200 4,420,800 4,464,709
43,909 43,909
200,109 200,109 4,464,709 4,464,709
 BOHOL PENSION HOUSE
Statement of Changes in Owner's Equity
January 31,20C
D. Tabaranza, Capital - January 31 2012 3,418,500

Loss: 43,909
Total 3,374,591
Less: Withdrawal 18,000
D. Tabaranza, Capital - January 31 2012 3,356,591
 BOHOL PENSION HOUSE
Income Statement
January 31,20C
Revenue:
Hotel Income 144,400
Operating Expenses:
Taxes and Licenses 12,880
Telephone and Postage 12,120
Laundry Expenses 15,000
Audit and Legal Fess 12,600
Salaries and Wages 25,000
Utilities Expense 13,500
Uncollectible Accounts 3,000
Depreciation Expense-Building 15,417
Interest Expense 24,292
Supplies Expense 5,000
Insurance Expense 52,500
800 207,526
Operating Income: 63,126
Interest Expense 5,000

LOSS
 BOHOL PENSION HOUSE
Balance Sheet

January 31,20C
ASSETS LIABILITIES
Current Assets: Current Liabilities:
Cash in Bank 183,800 Notes Payable
Petty Cash Fund 1,500 Salaries Payale
Accounts Recievable 60,000
Less:Est. Accounts 4,000
Prepaid Insurance 12,000
Prepaid Interest(Bank Loan) 15,000
Operating Supplies 5,500
281,800
Non-Current Assets: OWNER'S EQUITY
Building 1,950,000 D.Tabaranza ,Capital
Less:Acc.Depreciation-Building 115,417
Furniture and Fixture 1,575,000
Less:Acc.Depreciation-Furniture and Fixture 141,792
Linens and Towels 600,000
4,382,209

TOTAL ASSETS 4,664,009

3,356,591

4,149,591