Bautista, Ian Venson F.

BSA II-C

Moises Dondoyano Information Systems

Worksheet
For the Month Ended December 31, 2015

Trial Balance Adjustments

No. Account Title Debit Credit Debit Credit
Cash 45,000
Notes Receivable 360,000
Accounts Receivable 156,000
Office Supplies 63,000 a. 42,000
Land 300,000
Building 1,590,000
Accumulated Depreciation-Building 254,000 c. 38,000
Equipment 2,150,000
Accumulated Depreciation-Equipment 612,000 c. 123,000
Accounts Payable 213,000
Unearned Consulting Revenues 450,000 b. 150,000
Dondoyano, Capital, 1/1/2015 2,655,000
Dondoyano, Withdrawals 600,000
Consulting Revenues 2,108,000 b. 150,000
Salaries Expense 875,000 d. 14,000
Repairs Expense 116,000
Miscellaneous Expense 37,000
Supplies Expense a. 42,000
Depreciation Expense-Building c. 38,000
Depreciation Expense-Equipment c. 123,000
Salaries Payable d. 14,000
Interest Receivable e. 24,000
Interest Revenue e. 24,000
6,292,000 6,292,000 391,000 391,000
Profit
 Bautista, Ian Venson F.
BSA II-C

s Dondoyano Information Systems

Worksheet
e Month Ended December 31, 2015

Adjusted Trial Balance Income Statement Balance Sheet

Debit Credit Debit Credit Debit Credit
45,000 45,000
360,000 360,000
156,000 156,000
21,000 21,000
300,000 300,000
1,590,000 1,590,000
292,000 292,000
2,150,000 2,150,000
735,000 735,000
213,000 213,000
300,000 300,000
2,655,000 2,655,000
600,000 600,000
2,258,000 2,258,000
889,000 889,000
116,000 116,000
37,000 37,000
42,000 42,000
38,000 38,000
123,000 123,000
14,000 14,000
24,000 24,000
24,000 24,000
6,491,000 6,491,000 1,245,000 2,282,000 5,246,000 4,209,000
1,037,000 1,037,000
2,282,000 2,282,000 5,246,000 5,246,000
 Moises Dondoyano Information Systems Mois
Income Statement
For the Year Ended December 31, 2015

Revenues
Consulting Revenues 2,258,000 Current Assets
Interest Revenue 24,000 Cash
Total 2,282,000 Notes Receivable
Accounts Receivable
Expenses Office Supplies
Salaries Expense 889,000 Interest Receivable
Repairs Expense 116,000 Total Current As
Miscellaneous Expense 37,000
Supplies Expense 42,000 Property and Equipment
Depreciation Expense-Building 38,000 Land
Depreciation Expense-Equipment 123,000 Building
Total 1,245,000 Less: Accumulated D
Equipment
Profit 1,037,000 Less: Accumulated D
Total Assets
Moises Dondoyano Information Systems
Statement of Changes in Equity
For the Year Ended December 31, 2015 Current Liabilites
Accounts Payable
Dondoyano, Owner's Equity, 1/1/2015 2,655,000 Unearned Consulting
Add: Additional Investments by Dondoyano 0 Salaries Payable
Profit 1,037,000 1,037,000 Total Current Lia
Total 3,692,000
Less: Withdrawals 600,000
Dondoyano, Owner's Equity, 12/31/2015 3,092,000 Dondoyano, Capital, 12/3
Total Liabilities and Owne
 Moises Dondoyano Information Systems
Balance Sheet
December 31, 2015

Assets

Current Assets
45,000
Notes Receivable 360,000
Accounts Receivable 156,000
Office Supplies 21,000
Interest Receivable 24,000
Total Current Assets 606000

Property and Equipment (Net)

300,000
Building 1,590,000
Less: Accumulated Depreciation 292,000 1298000
Equipment 2,150,000
Less: Accumulated Depreciation 735,000 1415000 3,013,000
Total Assets 3619000
Liabilities

Current Liabilites
Accounts Payable 213,000
Unearned Consulting Revenues 300,000
Salaries Payable 14,000
Total Current Liabilities 527000
Owner's Equity

Dondoyano, Capital, 12/31/2015 3,092,000

Total Liabilities and Owner's Equity 3619000
Bautista, Ian Venson F.
BSA II-C

Adjusting Entries

a Supplies Expense 42,000

Office Supplies 42,000

b Unearned Consulting Revenues 150,000

Consulting Revenues 150,000

c Depreciation Expense-Building 38,000

Accumulated Depreciation-Building 38,000

Depreciation Expense-Equipment 123,000

Accumulated Depreciation-Equipment 123,000

d Salaries Expense 14,000

Salaries Payable 14,000

e Interest Receivable 24,000

Interest Revenue 24,000

Closing Entries

1 Close the income/revenue accounts

Consulting Revenues 2,258,000

Interest Revenue 24,000
Income Summary 2,282,000

2 Close the expense accounts

Income Summary 1,245,000

Salaries Expense 889,000
Repairs Expense 116,000
Miscellaneous Expense 37,000
Supplies Expense 42,000
Depreciation Expense-Building 38,000
Depreciation Expense-Equipment 123,000

3 Close the income summary account

1,245,000 2,282,000
Income Summary 1,037,000 1,037,000
Dondoyano, Capital 1,037,000 2,282,000 2,282,000
4 Close the withdrawal account
600,000 1,037,000
Dondoyano, Capital 600,000 437,000
Dondoyano, Withdrawal 600,000
 Trial Balance Adjustments
No. Account Title Debit Credit Debit Credit
Cash 45,000
Notes Receivable 360,000
Accounts Receivable 156,000
Office Supplies 63,000 a. 42,000
Land 300,000
Building 1,590,000
Accumulated Depreciation-Building 254,000 c. 38,000
Equipment 2,150,000
Accumulated Depreciation-Equipment 612,000 c. 123,000
Accounts Payable 213,000
Unearned Consulting Revenues 450,000 b. 150,000
Dondoyano, Capital, 1/1/2015 2,655,000
Dondoyano, Withdrawals 600,000
Consulting Revenues 2,108,000 b. 150,000
Salaries Expense 875,000 d. 14,000
Repairs Expense 116,000
Miscellaneous Expense 37,000
Supplies Expense a. 42,000
Depreciation Expense-Building c. 38,000
Depreciation Expense-Equipment c. 123,000
Salaries Payable d. 14,000
Interest Receivable e. 24,000
Interest Revenue e. 24,000
6,292,000 6,292,000 391,000 391,000
Adjusted Trial Balance Closing Entries Post-Closing Trial Balance
Debit Credit Debit Credit Debit Credit
45,000 45,000
360,000 360,000
156,000 156,000
21,000 21,000
300,000 300,000
1,590,000 1,590,000
292,000 292,000
2,150,000 2,150,000
735,000 735,000
213,000 213,000
300,000 300,000
2,655,000 437,000 3,092,000
600,000 600,000
2,258,000 2,258,000
889,000 889,000
116,000 116,000
37,000 37,000
42,000 42,000
38,000 38,000
123,000 123,000
14,000 14,000
24,000 24,000
24,000 24,000
6,491,000 6,491,000 2,282,000 2,282,000 4,646,000 4,646,000