Praktiswan

Unadjusted Trial Balance

31-Dec-12

Debit Credit

Cash 30,000
Accounts Receivable 80,000
Allowance for Doubtful Accounts 300
Notes Receivable 30,000
Office Supplies 20,000
Prepaid Insurance 45,000
Prepaid Rent 60,000
Furniture and Fixtures 30,000
Machineries 50,000
Accounts Payable 75,000
Notes Payable 15,000
Loan Payable 100,000
Praktiswan, Capital 134,700
Praktiswan, Withdrawal 15,000
Service Income 405,000
Salaries Expense 170,000
Rent Expense 165,000
Utilities Expense 35,000
TOTAL 730,000 730,000

Data for adjustments:

a) The note receivable is a 60-day, 12% note dated December 16, 2012.
b) The 10-year loan payable carries an annual interest of 10% payable every January 1.
c) Unused office supplies amounts to P7,000.
d) Prepaid insurance was paid on September 1, 2012 and is good for 5 months.
e) Prepaid rent represents 4-month rent starting December 2012.
f) Unearned income amounts to P5,000.
g) Salaries of P10,000 is still unpaid.
h) Utilities expenses for December 2012 are P4,000. These are due on January 2013.
i) 5% of the accounts receivable are expected to be doubtful.
j) Furniture and fixtures are expected to lasts for 5 years. These were bought
on January 1, 2012.
k) Machineries were bought on July 1, 2012. These are expected to lasts for 7 years
with P1,000 salvage value.
 Praktistu
Unadjusted Trial Balance
for Year-Ended December 31, 2012

Debit Credit

Cash 40,000
Accounts Receivable 70,000
Allowance for Doubtful Accounts 200
Notes Receivable 20,000
Office Supplies 30,000
Prepaid Rent 40,000
Furniture and Fixtures 50,000
Machineries 40,000
Accounts Payable 40,000
Notes Payable 25,000
Unearned Service Income 20,000
Loan Payable 80,000
Praktistu, Capital 61,800
Praktistu, Drawing 10,000
Service Income 420,000
Salaries Expense 132,000
Rent Expense 110,000
Insurance Expense 60,000
Utilities Expense 45,000
TOTAL 647,000 647,000

Data for adjustments:

a) The note receivable is a 6-month, 6% note dated August 31,2012, 2012.
b) Office supplies used amounts to P18,000.
c) Insurance expense was paid on December 1, 2012 and is good for 6 months.
d) Unexpired portion of the prepaid rent is P30,000.
e) Unearned income amounts to P8,000.
f) December 2012 salaries remain unpaid. There is no salary increase for the year.
g) Utilities expenses for December 2012 are P5,000. These are due on January 2013.
h) 4% of the accounts receivable are expected to be doubtful.
i) Depreciation expense for furniture and fixtures is P6,000 per year.
j) P30,000 of the machineries were invested by the owner on January 1, 2012. These will last
10 years with no salvage value. The remaining P10,000 were acquired on account three
months ago and will last for 5 years with P2,000 scrap value.
 Praktistri
Unadjusted Trial Balance
for Year-Ended December 31, 2012

Debit Credit

Cash 90,000
Accounts Receivable 80,000
Allowance for Doubtful Accounts 500
Notes Receivable 20,000
Office Supplies 30,000
Prepaid Insurance 60,000
Furniture and Fixtures 60,000
Machineries 50,000
Accounts Payable 40,000
Notes Payable 20,000
Unearned Service Income 30,000
Loan Payable 80,000
Praktistri, Capital 116,300
Praktistri, Drawing 10,000
Service Income 405,000
Salaries Expense 132,000
Rent Expense 110,000
Utilities Expense 45,000
Interest Expense 4,800
TOTAL 691,800 691,800

Data for adjustments:

a) The interest expense is an advance interest for the 120-day, 18% loan borrowed
from a bank on December 1, 2012.
b) Office supplies unused amounts to P8,000.
c) P25,000 of the insurance have expired.
d) Rent expense represents rentals from January to November of the year
e) P20,000 of the unearned income have been earned.
f) Salaries of P15,000 is still unpaid.
g) Utilities expenses for December 2012 are P6,000. These are due on January 2013.
h) Doubtful account expense is P1,000.
i) Depreciation expense for furniture and fixtures is 10% per year.
j) P35,000 of the machineries were invested by the owner on January 1, 2012. These will last
10 years with no salvage value. The remaining P15,000 were acquired on account six
months ago and will last for 5 years with P2,000 scrap value.
 Praktiswan Praktistu
Unadjusted Trial Balance Unadjusted Trial Balance
31-Dec-12 for Year-Ended December 31, 2012

Debit Credit Debit Credit

Cash 30,000 Cash 40,000

Accounts Receivable 80,000 Accounts Receivable 70,000
Allowance for Doubtful Accounts 300 Allowance for Doubtful Accounts 200
Notes Receivable 30,000 Notes Receivable 20,000
Office Supplies 20,000 Office Supplies 30,000
Prepaid Insurance 45,000 Prepaid Rent 40,000
Prepaid Rent 60,000 Furniture and Fixtures 50,000
Furniture and Fixtures 30,000 Machineries 40,000
Machineries 50,000 Accounts Payable 40,000
Accounts Payable 75,000 Notes Payable 25,000
Notes Payable 15,000 Unearned Service Income 20,000
Loan Payable 100,000 Loan Payable 80,000
Praktiswan, Capital 134,700 Praktistu, Capital 61,800
Praktiswan, Withdrawal 15,000 Praktistu, Drawing 10,000
Service Income 405,000 Service Income 420,000
Salaries Expense 170,000 Salaries Expense 132,000
Rent Expense 165,000 Rent Expense 110,000
Utilities Expense 35,000 Insurance Expense 60,000
TOTAL 730,000 730,000 Utilities Expense 45,000
TOTAL 647,000 647,000

Data for adjustments:

a) The note receivable is a 60-day, 12% note dated December 16, 2012. Data for adjustments:
b) The 10-year loan payable carries an annual interest of 10% payable every January 1. a) The note receivable is a 6-month, 6% note dated August 31, 2012.
c) Unused office supplies amounts to P7,000. b) Office supplies used amounts to P18,000.
d) Prepaid insurance was paid on September 1, 2012 and is good for 5 months. c) Insurance expense was paid on December 1, 2012 and is good for 6 months.
e) Prepaid rent represents 4-month rent starting December 2012. d) Unexpired portion of the prepaid rent is P30,000.
f) Unearned income amounts to P5,000. e) Unearned income amounts to P8,000.
g) Salaries of P10,000 is still unpaid. f) December 2012 salaries remain unpaid. There is no salary increase for the year.
h) Utilities expenses for December 2012 are P4,000. These are due on January 2013. g) Utilities expenses for December 2012 are P5,000. These are due on January 2013.
i) 5% of the accounts receivable are expected to be doubtful. h) 4% of the accounts receivable are expected to be doubtful.
j) Furniture and fixtures are expected to lasts for 5 years. These were bought i) Depreciation expense for furniture and fixtures is P6,000 per year.
on January 1, 2012. j) P30,000 of the machineries were invested by the owner on January 1, 2012. These will last
k) Machineries were bought on July 1, 2012. These are expected to lasts for 7 years 10 years with no salvage value. The remaining P10,000 were acquired on account three
with P1,000 salvage value. months ago and will last for 5 years with P2,000 scrap value.
 Praktistri Praktispor
Unadjusted Trial Balance Unadjusted Trial Balance
for Year-Ended December 31, 2012 for Year-Ended December 31, 2012

Debit Credit Debit Credit

Cash 90,000 Cash 80,000

Accounts Receivable 80,000 Accounts Receivable 60,000
Allowance for Doubtful Accounts 500 Allowance for Doubtful Accounts 1,500
Notes Receivable 20,000 Notes Receivable 10,000
Office Supplies 30,000 Office Supplies 30,000
Prepaid Insurance 60,000 Prepaid Rent 40,000
Furniture and Fixtures 60,000 Furniture and Fixtures 50,000
Machineries 50,000 Machineries 40,000
Accounts Payable 40,000 Accounts Payable 40,000
Notes Payable 20,000 Notes Payable 25,000
Unearned Service Income 30,000 Unearned Service Income 20,000
Loan Payable 80,000 Loan Payable 80,000
Praktistri, Capital 116,300 Praktispor, Capital 113,500
Praktistri, Drawing 10,000 Praktispor, Drawing 10,000
Service Income 405,000 Service Income 420,000
Salaries Expense 132,000 Salaries Expense 165,000
Rent Expense 110,000 Rent Expense 110,000
Utilities Expense 45,000 Insurance Expense 60,000
Interest Expense 4,800 Utilities Expense 45,000
TOTAL 691,800 691,800 TOTAL 700,000 700,000

Data for adjustments: Data for adjustments:

a) The interest expense is an advance interest for the 120-day, 18% loan borrowed a) The note receivable is a 90-day, 12% note dated November 1, 2012.
from a bank on December 1, 2012. b) Office supplies used amounts to P18,000.
b) Office supplies unused amounts to P8,000. c) Insurance expense was paid on November 1, 2012 and is good for 6 months.
c) P25,000 of the insurance have expired. d) P10,000 of theprepaid rent represents December 2012 rental.
d) Rent expense represents rentals from January to November of the year e) Unearned income amounts to P6,000.
e) P20,000 of the unearned income have been earned. f) December 2012 salaries remain unpaid. There is no salary increase for the year.
f) Salaries of P15,000 is still unpaid. g) Utilities expenses for December 2012 are P4,000. These are due on January 2013.
g) Utilities expenses for December 2012 are P6,000. These are due on January 2013. h) 5% of the accounts receivable are expected to be doubtful.
h) Doubtful account expense is P1,000. i) Furniture and fixtures are expected to lasts for 10 years. These were bought
i) Depreciation expense for furniture and fixtures is 10% per year. on January 1, 2012.
j) P40,000 of the machineries were invested by the owner on January 1, 2012. These will last j) Machineries were bought on September 30, 2012. These are expeted to lasts for 10 years
10 years with no salvage value. The remaining P10,000 were acquired on account three with P5,000 salvage value.
months ago and will last for 5 years with P2,000 scrap value.