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Tete

The document shows an unadjusted trial balance, general journal, and adjusted trial balance for Reece Financial Services Co. It contains account balances for assets, liabilities, equity, revenues and expenses. Adjustments are made for depreciation, prepaid insurance, supplies expense, and unearned rent.

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T.J. Lua
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10 views5 pages

Tete

The document shows an unadjusted trial balance, general journal, and adjusted trial balance for Reece Financial Services Co. It contains account balances for assets, liabilities, equity, revenues and expenses. Adjustments are made for depreciation, prepaid insurance, supplies expense, and unearned rent.

Uploaded by

T.J. Lua
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
Download as xlsx, pdf, or txt
Download as xlsx, pdf, or txt
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Reece Financial Services Co.

Unadjusted Trial Balance


July 31, 2014

Account Name Debit Credit


Cash ₱10,200
Accounts Receivable ₱34,750
Prepaid Insurance ₱6,000
Supplies ₱1,725
Land ₱50,000
Building ₱155,750
Accumulated Depreciation - Building ₱62,850
Equipment ₱45,000
Accumulated Depreciation - Equipment ₱17,650
Accounts Payable ₱3,750
Unearned Rent ₱3,600
Joni Reece, Capital ₱153,550
Joni Reece, Drawing ₱8,000
Fees Earned ₱158,600
Salaries andcWagws Expense ₱56,850
Utilities Expense ₱14,100
Advertising Expense ₱7,500
Repairs Expense ₱6,100
Misicellaneous Expense ₱4,025
₱400,000 ₱400,000
GENERAL JOURNAL
Date Description Debit
2014 Depreciation Expense ₱6,400
Accumulated Depreciation - Building

2014 Depreciation Expense ₱2,800


Accumulated Depreciation - Equipment

July 31 Salaries and Wages Expense ₱900


Salaries and Wages Payable

July 31 Insurance Expense ₱1,500


Prepaid Insurance

July 31 Recievable ₱10,200


Revenue

July 31 Suplies Expense ₱615


Suplies

July 31 Unearned Rent ₱300


Rent Revenue

₱22,715
Credit

₱6,400

₱2,800

₱900

₱1,500

₱10,200

₱615

₱300

₱22,715
Unadjusted Trial Balanced Adjustments
Debit Credit Debit
Cash ₱10,200
Accounts Receivable ₱34,750 ₱10,200
Prepaid Insurance ₱6,000
Supplies ₱1,725
Land ₱50,000
Building ₱155,750
Accumulated Depreciation - Building ₱62,850
Equipment ₱45,000
Accumulated Depreciation - Equipment ₱17,650
Accounts Payable ₱3,750
Unearned Rent ₱3,600 ₱300
Salaries and Wages Payable
Joni Reece, Capital ₱153,550
Joni Reece, Drawing ₱8,000
Fees Earned ₱158,600
Rent Revenue
Salaries and Wages Expense ₱56,850 ₱900
Utilities Expense ₱14,100
Advertising Expense ₱7,500
Depreciation Expense - Building ₱6,400
Repairs Expense ₱6,100
Insurance Expense ₱1,500
Depreciation Expense - Equipment ₱2,800
Supplies Expense ₱615
Miscellaneous Expense ₱4,025
₱400,000 ₱400,000 ₱22,715
Adjustments Adjusted Trial Balanced
Credit Debit Credit
₱10,200
₱44,950
₱1,500 ₱6,000 ₱1,500
₱615 ₱1,725 ₱615
₱50,000
₱155,750
₱6,400 ₱69,250
₱45,000
₱2,800 ₱20,450
₱10,200 ₱13,950
₱300 ₱3,600
₱900 ₱900
₱153,550
₱8,000
₱158,600
₱300 ₱300
₱57,750
₱14,100
₱7,500
₱6,400
₱6,100
₱1,500
₱2,800
₱615
₱4,025
₱22,715 ₱422,715 ₱422,715

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