ACTIVITY/Workshop VIWorksheets/ adjustments(trial balance, adjustments and adjusted trial balance)WORKSHOP NO. 6ADJUSTMENTPARTICULARQUANTITYAMOUNTLIFE SPANDEPRECIATION DEPRECIATIONPER YEARPER MONTHOFFICE EQUIPMENT124,000.00S YEARS4,800.00400JOURNAL ENTRY2015PARTICULARPRDEBITCREDITJAN. 31DEPRECIATION EXPENSEACCUMULATED DEPRECIATIONTrial balanceDEBITadjusted trial balanceDEBITadjustmentDEBITACCTNO.101ACCOUNT NAMECREDITCREDITCREDITCash on Hand97,430.0054COOP 30193PUP, CSSD Department of Cooperatives and Social DevelopmentDr. A. S. Villaruel, 2021Loan ReceivableOffice equipmentOffice supplies-prepaidSavings depositLoan payableAccounts payableEC/SSS/PayableWithholding tax payableShare capitalInterest incomeService feeSalaries and wages10210391,340.0024,000.00700.00104201202203204205301401402501502503504101,500.00100,000.00900.001,100.003,500.0016,810.002,010.0011,000.0050.00300.00500.00900.00Office supplies expenseMeetings and conferencesTravel and transportationPower, light and waterMembership feeTotalDepreciation expenseAccumulated DepreciationTotal505403400.00226,220.00 226,220.00506103 a

Adjusted trial balance is the statement which is prepared after considering the year end…

WORKSHOP NO. 6 ADJUSTMENT LIFE SPAN DEPRECIATION DEPRECIATION PER MONTH PARTICULAR QUANTITY AMOUNT PER YEAR OFFICE EQUIPMENT 24,000.00 S YEARS 4,800.00 400 JOURNAL ENTRY 2015 PARTICULAR PR DEBIT CREDIT JAN. 31 DEPRECIATION EXPENSE ACCUMULATED DEPRECIATION Trial balance DEBIT adjustment DEBIT CREDIT adjusted trial balance DEBIT ACCT NO. ACCOUNT NAME CREDIT CREDIT 01 Cash on Hand 97.430.00 54

WORKSHOP NO. 6 ADJUSTMENT LIFE SPAN DEPRECIATION DEPRECIATION PER MONTH PARTICULAR QUANTITY AMOUNT PER YEAR OFFICE EQUIPMENT 24,000.00 S YEARS 4,800.00 400 JOURNAL ENTRY 2015 PARTICULAR PR DEBIT CREDIT JAN. 31 DEPRECIATION EXPENSE ACCUMULATED DEPRECIATION Trial balance DEBIT adjustment DEBIT CREDIT adjusted trial balance DEBIT ACCT NO. ACCOUNT NAME CREDIT CREDIT 01 Cash on Hand 97.430.00 54

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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