Unadjusted Adjustments

Trial Balance
Accounts Debit Credit Debit
Cash ₱ 115,500.00
Notes Receivables ₱ 21,000.00
Accounts Receivable ₱ 189,000.00
Allowance of Doubtful Accounts ₱ 1,120.00
Merchandise Inventory, January 1 ₱ 232,750.00
Store Equipment ₱ 45,500.00
Accumulated Depreciation - Store Equipment ₱ 9,100.00
Delivery Equipment ₱ 70,000.00
Accumulated Depreciation - Delivery Equipment ₱ 28,000.00
Office Equipment ₱ 15,750.00
Accumulated Depreciation - Office Equipment ₱ 3,150.00
Store Supplies ₱ 9,800.00
Delivery Supplies ₱ 5,600.00
Office Supplies ₱ 3,850.00
Prepaid Insurance ₱ 10,850.00
Notes Payable ₱ 63,000.00
Accounts Payable ₱ 105,350.00
Florencio, Capital ₱ 455,000.00
Florencio, Drawing ₱ 63,000.00
Sales ₱ 2,635,500.00
Sales Returns and Allowance ₱ 7,000.00
Purchases ₱ 1,750,000.00
Transportation In ₱ 31,150.00
Purchase returns and Allowance ₱ 6,300.00
Sales Salaries ₱ 430,500.00 ₱ 1,050.00
Advertising ₱ 56,700.00
Miscellaneous Selling Expense ₱ 3,325.00
Wages of Truck Drivers ₱ 56,000.00 ₱ 700.00
Office Salaries ₱ 94,500.00 ₱ 1,400.00
Rent Expense ₱ 84,000.00
Miscellaneous General Expenses ₱ 22,050.00
Purchases Discount ₱ 21,700.00
Interest Income ₱ 805.00
Sales Discount ₱ 8,400.00
Interest Expense ₱ 2,800.00 ₱ 245.00
TOTALS ₱ 3,329,025.00 ₱ 3,329,025.00
Interest Receivable ₱ 140.00
Interest Payable
Doubtful Accounts Expense ₱ 26,201.00
Depreciation Expense ₱ 25,200.00
Supplies Expense ₱ 13,300.00
Insurance Expense ₱ 3,850.00
Salaries Payable
Merchandise Inventory, end
TOTALS ₱ 72,086.00
Cost of Sales
TOTALS
Net Income
TOTALS

Florencio, Capital
Additional Investment
Net Income
Subtotals
Withdrawals
Florencio, capital, December 31, 2023
 Florencio Company
Worksheet
For the year ended, December 31, 2023

Adjustments Adjusted Cost of Income

Trial Balance Goods Sold Statement
Credit Debit Credit Debit Credit Debit
₱ 115,500.00
₱ 21,000.00
₱ 189,000.00
₱ 26,201.00 ₱ 27,321.00
₱ 232,750.00 ₱ 232,750.00
₱ 45,500.00
₱ 4,550.00 ₱ 13,650.00
₱ 70,000.00
₱ 17,500.00 ₱ 45,500.00
₱ 15,750.00
₱ 3,150.00 ₱ 6,300.00
₱ 8,400.00 ₱ 1,400.00
₱ 2,800.00 ₱ 2,800.00
₱ 2,100.00 ₱ 1,750.00
₱ 3,850.00 ₱ 7,000.00
₱ 63,000.00
₱ 105,350.00
₱ 455,000.00
₱ 63,000.00
₱ 2,635,500.00
₱ 7,000.00 ₱ 7,000.00
₱ 1,750,000.00 ₱ 1,750,000.00
₱ 31,150.00 ₱ 31,150.00
₱ 6,300.00 ₱ 6,300.00
₱ 431,550.00 ₱ 431,550.00
₱ 56,700.00 ₱ 56,700.00
₱ 3,325.00 ₱ 3,325.00
₱ 56,700.00 ₱ 56,700.00
₱ 95,900.00 ₱ 95,900.00
₱ 84,000.00 ₱ 84,000.00
₱ 22,050.00 ₱ 22,050.00
₱ 21,700.00 ₱ 21,700.00
₱ 140.00 ₱ 945.00
₱ 8,400.00 ₱ 8,400.00
₱ 3,045.00 ₱ 3,045.00

₱ 140.00
₱ 245.00 ₱ 245.00
₱ 26,201.00 ₱ 26,201.00
₱ 25,200.00 ₱ 25,200.00
 ₱ 13,300.00 ₱ 13,300.00
₱ 3,850.00 ₱ 3,850.00
₱ 3,150.00 ₱ 3,150.00
₱ 220,500.00
₱ 72,086.00 ₱ 3,383,961.00 ₱ 3,383,961.00 ₱ 2,013,900.00 ₱ 248,500.00 ₱ 837,221.00
₱ 1,765,400.00 ₱ 1,765,400.00
₱ 2,013,900.00 ₱ 2,013,900.00 ₱ 2,602,621.00
₱ 33,824.00
₱ 2,636,445.00

₱ 455,000.00
0
₱ 33,824.00
₱ 488,824.00
₱ 63,000.00
₱ 425,824.00
 Balance
Sheet
Credit Debit Credit
₱ 115,500.00
₱ 21,000.00
₱ 189,000.00
₱ 27,321.00

₱ 45,500.00
₱ 13,650.00
₱ 70,000.00
₱ 45,500.00
₱ 15,750.00
₱ 6,300.00
₱ 1,400.00
₱ 2,800.00
₱ 1,750.00
₱ 7,000.00
₱ 63,000.00
₱ 105,350.00
₱ 455,000.00
₱ 63,000.00
₱ 2,635,500.00

₱ 945.00

₱ 140.00
₱ 245.00
 ₱ 3,150.00
₱ 220,500.00

₱ 2,636,445.00 ₱ 753,340.00 ₱ 719,516.00

₱ 33,824.00
₱ 2,636,445.00 ₱ 753,340.00 ₱ 753,340.00
Date Particulars Debit
Dec 31 -no entry-

ALR.ALR. Interest Receivable ₱ 140.00

Interest Income
-to record the adjustment of interest Income

ALR Interest Expense ₱ 245.00

Interest Payable
-to record the adjustment of interest expense

ALR Doubtful Accounts Expense ₱ 26,201.00

Allowance for Doubtful Accounts
-to record the adjustment of doubtful accounts expense

ALR Depreciation Expense ₱ 4,550.00

Accumulated Depreciation - Store Equipment
-to record the adjustment of depreciation expense

ALR Depreciation Expense ₱ 17,500.00

Accumulated Depreciation - Delivery Equipment
-to record the adjustment of depreciation expense

ALR Depreciation Expense ₱ 3,150.00

Accumulated Depreciation - Office Equipment
-to record the adjustment of depreciation expense

ALR Supplies Expense ₱ 8,400.00

Store Supplies
-to record the adjustment of supplies expense

ALR Supplies Expense ₱ 2,800.00

Delivery Supplies
-to record the adjustment of supplies expense

ALR Insurance Expense ₱ 3,850.00

Prepaid Insurance
-to record the adjustment of insurance expense

Sales Salaries ₱ 1,050.00

Salaries Payable
-to record the adjustment of sales salaries

Office Salaries ₱ 1,400.00

 Salaries Payable
-to record the adjustment of office salaries

Wages of truck Drivers ₱ 700.00

Salaries Payable
-to record the adjustment of Wages of truck drivers

Supplies Expense ₱ 2,100.00

Office Supplies
-to record the adjustment of supplies expense
 General Journal
Adjustments
Credit

₱ 140.00

₱ 245.00

₱ 26,201.00

₱ 4,550.00

₱ 17,500.00

₱ 3,150.00

₱ 8,400.00

₱ 2,800.00

₱ 3,850.00

₱ 1,050.00
₱ 1,400.00

₱ 700.00

₱ 2,100.00
 General Journal
Adjustments
Date Particulars Debit Credit
Dec 31 -no entry-

Interest Receivable ₱ 140.00

Interest Income ₱ 140.00
-to record the adjustment of interest Income

Interest Expense ₱ 245.00

Interest Payable ₱ 245.00
-to record the adjustment of interest expense

Doubtful Accounts Expense ₱ 26,201.00

Allowance for Doubtful Accounts ₱ 26,201.00
-to record the adjustment of doubtful accounts expense

Depreciation Expense ₱ 4,550.00

Accumulated Depreciation - Store Equipment ₱ 4,550.00
-to record the adjustment of depreciation expense

Depreciation Expense ₱ 17,500.00

Accumulated Depreciation - Delivery Equipment ₱ 17,500.00
-to record the adjustment of depreciation expense

Depreciation Expense ₱ 3,150.00

Accumulated Depreciation - Office Equipment ₱ 3,150.00
-to record the adjustment of depreciation expense

Supplies Expense ₱ 8,400.00

Store Supplies ₱ 8,400.00
-to record the adjustment of supplies expense

Supplies Expense ₱ 2,800.00

Delivery Supplies ₱ 2,800.00
-to record the adjustment of supplies expense

Insurance Expense ₱ 3,850.00

Prepaid Insurance ₱ 3,850.00
-to record the adjustment of insurance expense

Sales Salaries ₱ 1,050.00

Salaries Payable ₱ 1,050.00
-to record the adjustment of sales salaries

Office Salaries ₱ 1,400.00

Salaries Payable ₱ 1,400.00
-to record the adjustment of office salaries
Wages of truck Drivers ₱ 700.00
Salaries Payable ₱ 700.00
-to record the adjustment of Wages of truck drivers
General Journal
Adjustments