POLAO ENTERPRISES

CHART OF ACCOUNTS
Account Title Account Number

Cash on Hand 101010-01

Cash in Bank 101010-02
Petty Cash 101010-03
Regular Checking Account 101010-04
Payroll Checking Account 101010-05
Marketable Securities 101010-06
Savings Account 101010-07
Special Account 101010-08
Investments - Money Market 101010-09
Accounts Receivable 101010-10
Allowance for Doubtful Accounts 101010-11
Office Supplies 101010-12
Supplies Inventory 101010-13
Prepaid Rent Expense 101010-14
Prepaid Insurance Expense 101010-15
Employee Advances 101010-16
Notes Receivable - Current 101010-17
Prepaid Rent Income 101010-18
Prepaid Insurance Income 101010-19
Furniture and Fixtures 101010-20
Equipment 101010-21
Vehicles 101010-22
Other Depreciable Property 101010-23
Leasehold Improvements 101010-24
Buildings 101010-25
Land 101010-26
Accumulated Depreciation - Furniture and Fixtures 101010-27
Accumulated Depreciation - Equipment 101010-28
Accumulated Depreciation - Vehicles 101010-29
Accumulated Depreciation - Other 101010-30
Accumulated Depreciation - Leasehold 101010-31
Accumulated Depreciation - Buildings 101010-32
Deposits 101010-33
Notes Receivable - Non-Current 101010-34
Accounts Payable 101020-01
Accrued Rent Expense 101020-02
Accrued Insurance Expense 101020-03
Accrued Interest Expense 101020-04
Accrued Internet Expense 101020-05
Notes Payable 101020-06
Land Payable 101020-07
Equipment Payable 101020-08
Vehicles Payable 101020-09
Bank Loans Payable 101020-10
Polao, Capital 101030-01
Polao, Drawing 101030-02
Common Stock 101030-03
Retained Earnings 101030-04
Sales 101040-01
Interest Income 101040-02
Service Revenue 101040-03
Sales Discounts 101040-04
Advertising Expense 101050-01
Bad Debts Expense 101050-02
Bank Fees 101050-03
Depreciation Expense 101050-04
Insurance Expense 101050-05
Interest Expense 101050-06
Licenses Expense 101050-07
Legal and Professional Expense 101050-08
Electricity Expense 101050-09
Office Expense 101050-10
Postage Expense 101050-11
Rent Expense 101050-12
Repair and Maintenance Expense 101050-13
Telephone Expense 101050-14
Training Expense 101050-15
Travel Expense 101050-16
Salaries and Wages 101050-17
Utilities Expense 101050-18
PRISES
COUNTS
Type of Account Financial Position

Current Asset Balance Sheet

Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Current Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Fixed Asset Balance Sheet
Other Asset Balance Sheet
Other Asset Balance Sheet
Current Liability Balance Sheet
Current Liability Balance Sheet
Current Liability Balance Sheet
Current Liability Balance Sheet
Current Liability Balance Sheet
Long Term Liability Balance Sheet
Long Term Liability Balance Sheet
Long Term Liability Balance Sheet
Long Term Liability Balance Sheet
Long Term Liability Balance Sheet
Equity Balance Sheet
Equity Balance Sheet
Equity Balance Sheet
Equity Balance Sheet
Revenue Income Statement
Revenue Income Statement
Revenue Income Statement
Revenue Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
Expense Income Statement
 POLAO ENTERPRISES
GENERAL JOURNAL
DATE PARTICULARS ACCOUNT NO.
August 04, 2018 Cash on Hand 101010-01
August 04, 2018 Common Stock 101030-03
August 04, 2018 Prepaid Rent Expense 101010-14
August 04, 2018 Cash on Hand 101010-01
August 04, 2018 Equipment 101010-21
August 04, 2018 Cash on Hand 101010-01
August 04, 2018 Notes Payable 101020-06
August 04, 2018 Office Supplies 101010-12
August 04, 2018 Accounts Payable 101020-01
August 04, 2018 Cash in Bank 101010-02
August 04, 2018 Service Revenue 101040-03
August 04, 2018 Accounts Payable 101020-01
August 04, 2018 Cash in Bank 101010-02
August 04, 2018 Salaries and Wages 101050-17
August 04, 2018 Cash on Hand 101010-01
August 04, 2018 Cash in Bank 101010-02
August 04, 2018 Accounts Receivable 101010-10
August 04, 2018 Service Revenue 101040-03
August 04, 2018 Cash on Hand 101010-01
August 04, 2018 Accounts Receivable 101010-10
August 04, 2018 Cash in Bank 101010-02
August 04, 2018 Interest Income 101040-02
August 04, 2018 Office Supplies 101010-12
August 04, 2018 Accounts Payable 101020-01
August 04, 2018 Salaries and Wages 101050-17
August 04, 2018 Cash on Hand 101010-01
August 04, 2018 Electricity Expense 101050-09
August 04, 2018 Cash on Hand 101010-01
August 04, 2018 Telephone Expense 101050-14
August 04, 2018 Cash on Hand 101010-01
August 04, 2018 Cash on Hand 101010-01
August 04, 2018 Polao, Capital 101030-01
August 04, 2018 Polao, Drawing 101030-02
August 04, 2018 Cash in Bank 101010-02
 ADJUSTING ENTRIES
August 06, 2018 Office Expense 101050-10
August 06, 2018 Office Supplies 101010-12
To record supplies used.
August 06, 2018 Interest Expense 101050-06
August 06, 2018 Accrued Interest Expense 101020-04
To record accrued interest expense.
August 06, 2018 Rent Expense 101050-12
August 06, 2018 Prepaid Rent Expense 101010-14
To record office rent.
August 06, 2018 Depreciation Expense 101050-04
August 06, 2018 Accumulated Depreciation - Eq 101010-28
To record depreciation expense
TERPRISES
JOURNAL
PR DEBIT CREDIT Debit
J1 100,000.00 752,440.00
J2 100,000.00 BALANCE
J3 36,000.00
J4 36,000.00
J5 80,000.00
J6 50,000.00
J7 30,000.00
J8 17,600.00
J9 17,600.00
J10 28,500.00
J11 28,500.00
J12 17,600.00
J13 17,600.00
J14 19,100.00
J15 19,100.00
J16 32,900.00
J17 21,200.00
J18 54,100.00
J19 15,300.00
J20 15,300.00
J21 4,000.00
J22 4,000.00
J23 5,200.00
J24 5,200.00
J25 19,100.00
J26 19,100.00
J27 2,470.00
J28 2,470.00
J29 3,470.00
J30 3,470.00
J31 300,000.00
J32 300,000.00
J33 50,000.00
J34 50,000.00
NG ENTRIES Debit
46,500.00
ADJ1 11500 BALANCE
ADJ2 11500

ADJ3 17000
ADJ4 17000

ADJ5 5000
ADJ6 5000

ADJ7 13000
ADJ8 13000
 Credit
752,440.00
BALANCE
 Credit
46,500.00
BALANCE
PR Cash on Hand PR Cash in Bank PR
J1 100,000.00 - J10 28,500.00 - J17
J4 - 36,000.00 J13 - 17,600.00 J20
J6 - 50,000.00 J16 32,900.00 -
J15 - 19,100.00 J21 4,000.00 -
J19 15,300.00 - J34 - 50,000.00
J26 - 19,100.00
J28 - 2,470.00
J30 - 3,470.00
J31 300,000.00 -

415,300.00 130,140.00 65,400.00 67,600.00

J J J
285,160.00 - - 2,200.00
- - - -
ADJ ADJ ADJ
- - - -
Accounts Receivable PR Equipment PR Office Supplies
21,200.00 - J5 80,000.00 - J8 17,600.00
- 15,300.00 J23 5,200.00
ADJ2 -

21,200.00 15,300.00 80,000.00 - 22,800.00

J J
5,900.00 - 80,000.00 - 22,800.00
- - - - -
ADJ ADJ
- - - - -
Office Supplies PR Prepaid Rent Expense PR Accounts Payable
- J3 36,000.00 - J9 - 17,600.00
- ADJ6 - 5,000.00 J12 17,600.00 -
11,500.00 J24 - 5,200.00

- 36,000.00 - 17,600.00 22,800.00

J J
- 36,000.00 - - 5,200.00
11,500.00 - 5,000.00 - -
ADJ ADJ
11,500.00 - 5,000.00 - -
PR Notes Payable PR Polao, Capital PR Polao, Drawing
J7 - 30,000.00 J32 - 300,000.00 J33 50,000.00

- 30,000.00 - 300,000.00 50,000.00

J J J
- 30,000.00 - 300,000.00 50,000.00
- - - - -
ADJ ADJ ADJ
- - - - -
Polao, Drawing PR Common Stock PR Interest Income
- J2 - 100,000.00 J22 - 4,000.00

- - 100,000.00 - 4,000.00
J J
- - 100,000.00 - 4,000.00
- - - - -
ADJ ADJ
- - - - -
PR Service Revenue PR Electricity Expense PR Salaries and Wages
J11 - 28,500.00 J27 2,470.00 - J14 19,100.00
J18 - 54,100.00 J25 19,100.00

- 82,600.00 2,470.00 - 38,200.00

J J J
- 82,600.00 2,470.00 - 38,200.00
- - - - -
ADJ ADJ ADJ
- - - - -
Salaries and Wages PR Telephone Expense PR Office Expense
- J29 3,470.00 - ADJ1 11,500.00 -
-

- 3,470.00 - - -
J J
- 3,470.00 - - -
- - - 11,500.00 -
ADJ ADJ
- - - 11,500.00 -
PR Interest Expense PR Accrued Interest Expense PR Rent Expense
ADJ3 17,000.00 - ADJ4 - 17,000.00 ADJ5 5,000.00

- - - - -
J J J
- - - - -
17,000.00 - - 17,000.00 5,000.00
ADJ ADJ ADJ
17,000.00 - - 17,000.00 5,000.00
Rent Expense PR Depreciation Expense PRAccumulated Depreciation - Equipment
- ADJ7 13,000.00 - ADJ8 - 13,000.00

- - - - -
J J
- - - - -
- 13,000.00 - - 13,000.00
ADJ ADJ
- 13,000.00 - - 13,000.00
 POLAO ENT
10 COLUMN W
AUGUST

Unadjusted Trial Balance

Account Title Account Number
Debit
Cash on Hand 101010-01 285160
Cash in Bank 101010-02 0
Accounts Receivable 101010-10 5900
Equipment 101010-21 80000
Accumulated Depreciation - Equipment 101010-28 0
Office Supplies 101010-12 22800
Prepaid Rent Expense 101010-14 36000
Accounts Payable 101020-01 0
Accrued Interest Expense 101020-04 0
Notes Payable 101020-06 0
Polao, Capital 101030-01 0
Polao, Drawing 101030-02 50000
Common Stock 101030-03 0
Interest Income 101040-02 0
Service Revenue 101040-03 0
Depreciation Expense 101050-04 0
Electricity Expense 101050-09 2470
Interest Expense 101050-06 0
Office Expense 101050-10 0
Salaries and Wages 101050-17 38200
Telephone Expense 101050-14 3470
Rent Expense 101050-12 0

TOTAL 524000
 POLAO ENTERPRISES
10 COLUMN WORKSHEET
AUGUST 201X

nadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement

Credit Debit Credit Debit Credit Debit Credit
0 0 0 285160 0
2200 0 0 0 2200
0 0 0 5900 0
0 0 0 80000 0
0 0 13000 0 13000
0 0 11500 11300 0
0 0 5000 31000 0
5200 0 0 0 5200
0 0 17000 0 17000
30000 0 0 0 30000
300000 0 0 0 300000
0 0 0 50000 0
100000 0 0 0 100000
4000 0 0 0 4000 0 4000
82600 0 0 0 82600 0 82600
0 13000 0 13000 0 13000 0
0 0 0 2470 0 2470 0
0 17000 0 17000 0 17000 0
0 11500 0 11500 0 11500 0
0 0 0 38200 0 38200 0
0 0 0 3470 0 3470 0
0 5000 0 5000 0 5000 0

524000 46500 46500 554000 554000 90640 86600

0 4040
90640 90640
 Balance Sheet
Debit Credit
285160 0
0 2200
5900 0
80000 0
0 13000
11300 0
31000 0
0 5200
0 17000
0 30000
0 300000
50000 0
0 100000

463360 467400
4040 0
467400 467400
 ARNICA ENTERPRISES
Unadjusted Trial Balance
August 01, 2018

Account Number Account Title

101010-01 Cash on Hand
101010-02 Cash in Bank
101010-10 Accounts Receivable
101010-21 Equipment
101010-28 Accumulated Depreciation - Equipment
101010-12 Office Supplies
101010-14 Prepaid Rent Expense
101020-01 Accounts Payable
101020-04 Accrued Interest Expense
101020-06 Notes Payable
101030-01 Polao, Capital
101030-02 Polao, Drawing
101030-03 Common Stock
101040-02 Interest Income
101040-03 Service Revenue
101050-04 Depreciation Expense
101050-09 Electricity Expense
101050-06 Interest Expense
101050-10 Office Expense
101050-17 Salaries and Wages
101050-14 Telephone Expense
101050-12 Rent Expense

TOTALS
 ENTERPRISES
ed Trial Balance
ust 01, 2018

Debit Credit
285160 0
0 2200
5900 0
80000 0
0 0
22800 0
36000 0
0 5200
0 0
0 30000
0 300000
50000 0
0 100000
0 4000
0 82600
0 0
2470 0
0 0
0 0
38200 0
3470 0
0 0

524000 524000
 ARNICA ENTERPRISES
Adjusted Trial Balance
August 01, 2018

Account Number Account Title

101010-01 Cash on Hand
101010-02 Cash in Bank
101010-10 Accounts Receivable
101010-21 Equipment
101010-28 Accumulated Depreciation - Equipment
101010-12 Office Supplies
101010-14 Prepaid Rent Expense
101020-01 Accounts Payable
101020-04 Accrued Interest Expense
101020-06 Notes Payable
101030-01 Polao, Capital
101030-02 Polao, Drawing
101030-03 Common Stock
101040-02 Interest Income
101040-03 Service Revenue
101050-04 Depreciation Expense
101050-09 Electricity Expense
101050-06 Interest Expense
101050-10 Office Expense
101050-17 Salaries and Wages
101050-14 Telephone Expense
101050-12 Rent Expense

TOTALS
 ENTERPRISES
d Trial Balance
ust 01, 2018

Debit Credit
285160 0
0 2200
5900 0
80000 0
0 13000
11300 0
31000 0
0 5200
0 17000
0 30000
0 300000
50000 0
0 100000
0 4000
0 82600
13000 0
2470 0
17000 0
11500 0
38200 0
3470 0
5000 0

554000 554000
 ARNICA ENTERPRISES
INCOME STATEMENT
For year ending December 31, 2018

REVENUE:
Service Revenue
EXPENSES:
Depreciation Expense
Electricity Expense
Office Expense
Salaries and Wages
Telephone Expense
Rent Expense
TOTAL EXPENSE

Operating Income
Interest Income
Interest Expense

Income before tax

Income tax expense

Net Income after taxes

S

1, 2018

82600

13000
2470
11500
38200
3470
5000
₱ 73,640.00

₱ 8,960.00
4000
17000

₱ (4,040.00)
₱ -

₱ (4,040.00)