Name: Edmalyn R.

Canton - BSA 1 - BE 302 Morning

Course/Code: 892 - Acc 111

General Ledger - Alabang Plumbing

April 30 2019

Note: All temporary accounts are now zero balance

Cash 1
Date Debit Date Credit
1-Apr 67,000 2-Apr 17,500
8-Apr 18,350 3-Apr 7,150
20-Apr 21,000 7-Apr 6,000
29-Apr 50,000 9-Apr 8,050
11-Apr 11,600
16-Apr 5,700
19-Apr 4,300
21-Apr 14,500
22-Apr 14,100
24-Apr 3,850
25-Apr 1,500

Dr 156,350 Cr 94,250
Bal. 62,100

Notes Payable 6
Date Debit Date Credit
24-Apr 3,850 2-Apr 63,500

Bal. 59,650

Omotoy, Capital 11
Date Debit Date Credit
CJE- 30-Apr 14,500 1-Apr 67,000
30-Apr 27,350

Bal 14,500 Bal 94,350

Final bal. 79,850
Salaries Expense 14
Date Debit Date Credit
11-Apr 11,600 30-Apr 30,700
22-Apr 14,100
30-Apr 5,000
30,700 30,700
Final bal. 0

ADJUSTING T ACCOUN
Micellaneous Expense 17
Date Debit Date Credit
19-Apr 4,300 30-Apr 4,300 ADJ

Bal. 0

Advertising Expense 20
Date Debit Date Credit
ADJ 30-Apr 2,000 30-Apr 2,000 CJE

Final bal. 0

Accumulated Depreciation - Service vehicle 21

Date Debit Date Credit
30-Apr 1,350 ADJ ADJ

Final bal. 1,350

Legend:
ADJ Adjustments
CJE Closing journal entries

Accounts Receivable 2
Date Debit Date Credit Date
15-Apr 42,200 20-Apr 21,000 6-Apr
27-Apr 14,150 9-Apr

Dr 56,350 Cr 21,000
Bal. 35,350 Final bal.

Prepaid Advertising 4
Date Debit Date Credit Date
7-Apr 6,000 2-Apr

Bal. 6,000 Bal.

Accounts Payable 7 Unearned Plumbing Revenues

Date Debit Date Credit Date
16-Apr 5,700 6-Apr 15,700 ADJ- 30-Apr

Bal. 10,000

Omotoy, Withdrawal 12 Plumbing Revenues

Date Debit Date Credit Date
21-Apr 14,500 30-Apr 14,500 CJE CJE- 30-Apr

Final bal. 0
Rent Expense 15 Telephone Expense
Date Debit Date Credit Date
3-Apr 7,150 30-Apr 7,150 25-Apr

Final bal. 0 Final Bal.

ADJUSTING T ACCOUNTS
Light and Power expense 18 Accrued Expenses
Date Debit Date Credit Date
30-Apr 3,800 30-Apr 3,800 CJE

Final Bal. 0

Salaries Payable 10 Depreciation Expense

Date Debit Date Credit Date
30-Apr 5,000 ADJ 30-Apr

Final bal. 5,000 Final bal.

Plumbing Supplies Expense 22 Income Summary

Date Debit Date Credit Date
30-Apr 9,050 30-Apr 9,050 CJE CJE 30-Apr

Final bal. 0 Final bal.

Plumbing Supplies 3
Debit Date Credit
15,700 30-Apr 9,050
8,050

23,750 9,050
14,700

Service Vehicle 5
Debit Date Credit
81,000

81,000

Unearned Plumbing Revenues 8

Debit Date Credit
12,500 29-Apr 50,000

Bal. 37,500

umbing Revenues 13
Debit Date Credit
87,200 8-Apr 18,350
15-Apr 42,200
27-Apr 14,150
30-Apr 12,500
87,200 87,200
Final bal. 0
ephone Expense 16
Debit Date Credit
1,500 30-Apr 1,500

1,500 1,500
0

crued Expenses 9
Debit Date Credit
30-Apr 3,800

Final bal. 3,800

preciation Expense 19
Debit Date Credit
1,350 30-Apr 1,350 CJE

ome Summary 23
Debit Date Credit
59,850 30-Apr 87,200 CJE

27,350
Alabang Plumbing
Accounting Worksheet
April 30 2019
Account Name Unadjusted Trial Balance
Debit
Cash 62,100
Accounts Receivable 35,350
Plumbing Supplies 23,750
Prepaid Advertising 6,000
Service Vehicle 81,000
Notes Payable
Accounts Payable
Unearned Plumbing Revenues
Omotoy, Capital
Omotoy, Withdrawals 14,500
Plumbing Revenues
Salaries Expense 25,700
Rent Expense 7,150
Telephone Expense 1,500
Miscellaneous Expense 4,300
Total 261,350
Light and Power Expense
Accrued Expense
Advertising Expense
Salaries Payable
Depreciation Expense
Accumulated Depreciation -Service Vehicle
Plumbing Supplies Expense

Net Income
Grand totals

ALABANG PLUMBING - Adjusting Entries

a. Light bill for April was not paid amounting to P3,800
Light and Power Expense 3,800
Accrued Expenses
Unpaid light bill for April

b. Prepaid Advertising is for 3 months

Advertising Expense 2,000
Prepaid Advertising
Expired portion of advertising

c. Salaries of one worker was not paid amounting to P5,000

Salaries Expense 5,000
Salaries Payable
Unpaid salaries of one worker

d. Only one-fourth of the unearned plumbing revenues was earned.

Unearned Plumbing Revenues 12,500
Plumbing Revenues
Recognized earned portion.

e. Service vehicle has an estimated life of 5 years without salvage value.

Depreciation Expense 1,350
Accumulated Depreciation - Service Vehicle
Provided depreciation of service vehicle

f. Unused plumbing supplies amounted to P14,700.

Plumbing Supplies Expense 9,050
Plumbing Supplies
Recognized used portion of plumbing supplies
usted Trial Balance # Adjustments Adjusted Trial Balance
Credit Debit Credit Debit Credit
62,100
35,350
f 9,050 14,700
b 2,000 4,000
81,000
59,650 59,650
10,000 10,000
50,000 d 12,500 37,500
67,000 67,000
14,500
74,700 d 12,500 87,200
c 5,000 30,700
7,150
1,500
4,300
261,350
a 3,800 3,800
a 3,800 3,800
b 2,000 2,000
c 5,000 5,000
e 1,350 1,350
e 1,350 1,350
f 9,050 9,050
33,700 33,700 271,500 271,500

3,800
2,000

5,000

12,500

1,350

9,050
Income Statement Balance Sheet
Debit Credit Debit Credit
62,100
35,350
14,700
4,000
81,000
59,650
10,000
37,500
67,000
14,500
87,200
30,700
7,150
1,500
4,300

3,800
3,800
2,000
5,000
1,350
1,350
9,050
59,850 87,200 211,650 184,300
27,350 0 0 27,350
87,200 87,200 211,650 211,650
Alabang Plumbing
Income Statement
For the month ended, April 30, 2019

Asset
Revenues Current assets:
Plumbing Revenues 87,200 Cash
Accounts Receivable
Expenses Plumbing Supplies
Less: Operating Expenses Prepaid Advertising
Salaries Expense 30,700 Total current assets
Rent Expense 7,150
Telephone Expense 1,500 Non-current assets:
Miscellaneous Expense 4,300 Service Vehicle
Light and Power Expense 3,800 Less: Accum. Depreciation - Service Ve
Advertising Expense 2,000 Total Non-current assets
Depreciation Expense 1,350
Plumbing Supplies Expense 9,050 59,850 TOTAL ASSETS
Net Income 27,350
Liabilities & Owner's Equity
Current Liabilities:
Notes Payable
Accounts Payable
Salaries Payable
Accrued Expenses
Unearned Plumbing Revenues
Total Liabilities

Owner's Equity:
Omotoy, Capital
Add: Net Income
Total
Less: Omotoy, Withdrawals
Total Onwer's Equity

TOTAL LIABILITIES & OWNER'S EQUITY

Alabang Plumbing Alabang Plumbing
Statement of Financial Position Statement of Changes in Owner's Equi
As of April 30, 2019 For the month ended, April 30, 2019

Current assets: Beg. Capital bal. - Omotoy, Capital

62,100 Add: Net Income
Accounts Receivable 35,350 Total
Plumbing Supplies 14,700
Prepaid Advertising 4,000 Less: Omotoy, Withdrawals
Total current assets 116,150 Ending bal.

Non-current assets:
Service Vehicle 81,000
Less: Accum. Depreciation - Service Vehicle 1,350
Total Non-current assets 79,650

TOTAL ASSETS 195,800

Liabilities & Owner's Equity

Current Liabilities:
Notes Payable 59,650
Accounts Payable 10,000
Salaries Payable 5,000
Accrued Expenses 3,800
Unearned Plumbing Revenues 37,500
Total Liabilities 115,950

Owner's Equity:
Omotoy, Capital 67,000
Add: Net Income 27,350
94,350
Less: Omotoy, Withdrawals 14,500
Total Onwer's Equity 79,850

TOTAL LIABILITIES & OWNER'S EQUITY 195,800

ng Plumbing
anges in Owner's Equity
h ended, April 30, 2019

67,000
27,350
94,350

14,500
79,850
ALABANG PLUMBING - Closing Entries

a)
Plumbing Revenues 87,200
Income Summary 87,200
To close all revenues account

b)
Income Summary 59,850
Salaries Expense 30,700
Rent Expense 7,150
Telephone Expense 1,500
Miscellaneous Expense 4,300
Light and Power Expense 3,800
Advertising Expense 2,000
Depreciation Expense 1,350
Plumbing Supplies Expense 9,050
To close all expenses account

c)
Income Summary
Omotoy, Capital
To close Income Summary to the capital account

d)
Omotoy, Capital 14,500
Omotoy, Withdrawals 14,500
To close withdrawals to capital account
Alabang Plumbing
Post-closing Trial Balance
For the month ended, April 30, 2019

DR CR
Cash 62,100
Accounts Receivable 35,350
Plumbing Supplies 14,700
Prepaid Advertising 4,000
Service Vehicle 81,000
Accum. Dep'n - Service Vehicle 1,350
Notes Payable 59,650
Accounts Payable 10,000
Salaries Payable 5,000
Accrued Expenses 3,800
Unearned Plumbing Revenues 37,500
Omotoy, Capital 79,850
TOTAL 197,150 197,150
I