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Summa Cum Laude Company Adjusted Trial Balance

The adjusted trial balance of Summa Cum Laude Company as of December 31, 2019 shows total debits and credits of ₱45,610,666.67. Key accounts include cash with a balance of ₱482,600, land valued at ₱5,000,000, building at ₱30,000,000 less accumulated depreciation of ₱2,166,666.67, and total rent revenue of ₱25,154,000.

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DJazel Tolentino
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282 views1 page

Summa Cum Laude Company Adjusted Trial Balance

The adjusted trial balance of Summa Cum Laude Company as of December 31, 2019 shows total debits and credits of ₱45,610,666.67. Key accounts include cash with a balance of ₱482,600, land valued at ₱5,000,000, building at ₱30,000,000 less accumulated depreciation of ₱2,166,666.67, and total rent revenue of ₱25,154,000.

Uploaded by

DJazel Tolentino
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Summa Cum Laude Company

Adjusted Trial Balance


December 31, 2019

Account No. Account Title P/R Debit Credit


101 Cash ₱ 4 8 2 6 0 0 0 00
102 Rent receivable 1 0 8 0 0 0 00
103 Office supplies 3 0 0 0 00
104 Prepaid insurance 4 0 0 0 0 00
105 Land 5 0 0 0 0 0 0 00
106 Building 30 0 0 0 0 0 0 00
106-a Accumulated depreciation - Building ₱ 2 1 6 6 6 6 6 67
107 Furniture and fixtures 3 0 0 0 0 0 0 00
107-a Accumulated depreciation - Furniture and fixtures 1 0 8 3 3 3 33
108 Computers 3 0 0 0 0 0 00
108-a Accumulated depreciation - Computers 2 1 6 6 6 67
201 Accounts payable 1 9 0 0 0 0 0 00
202 Unearned rent revenue -- --
203 Interest payable 6 0 0 0 0 00
204 Salaries and wages payable 1 0 0 0 0 0 00
205 Utilities payable 1 0 0 0 0 0 00
206 Notes payable 6 5 0 0 0 0 0 00
301 Matalino, capital 9 0 0 0 0 0 0 00
302 Matalino, drawing 2 0 0 0 0 0 00
401 Rent revenue 25 1 5 4 0 0 0 00
402 Gain on disposal of equipment 5 0 0 0 0 0 00
501 Administrative expense 4 0 0 0 0 00
502 Advertising expense 8 0 0 0 0 00
503 Salaries and wages expense 8 5 0 0 0 0 00
504 Maintenance and repairs expense 3 5 0 0 0 0 00
505 Utilities expense 5 5 0 0 0 0 00
506 Insurance expense 8 0 0 0 0 00
507 Office supplies expense 7 0 0 0 00
508 Depreciation expense 1 7 6 6 6 6 67
Totals ₱ 45 6 1 0 6 6 6 67 ₱ 45 6 1 0 6 6 6 67

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