UNADJUSTED TRIAL BALANCE ADJUSTING ADJUSTED TRIAL BALANCE

Cash 210,000 210,000

Accounts Receivable 930,000 930,000
Prepaid Advertising 360,000 a. 140,000 220,000
Catering Supplies 270,000 b. 180,000 90,000
Catering Equipment 1,890,000 1,890,000
Acc. Depreciation-CE 640,000 c. 30000
Accounts Payable 190,000
Unearned Catering Revenues 120,000 d. 40,000
Notes Payable 500,000
Pangunaling, Capital 1,120,000
Pangunaling, Withdrawals 700,000 700,000
Catering Revenues 6,510,000 d. 40,000
Salaries Expense 3,270,000 e. 140,000 3,410,000
Rent Expense 960,000 960,000
Insurance Expense 250,000 250,000
Utilities Expense 160,000 160,000
Miscellaneous Expense 80,000 80,000
TOTALS 9,080,000 9080000

a. Advertising Expense a. 140,000 140,000

b. Supplies Expense b. 180,000 180,000
c. Depreciation Expense c. 30,000
e. Salaries Payable e.140,000
f. Interest Expense f. 60,000 60,000
f. Accrued Interest Expense f. 60,000
TOTALS 590,000 590,000 9,280,000
Net Income
TOTALS
DJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET CLOSING ENTRIES POST CLOSING TB
210,000 210,000
930,000 930,000
220,000 220,000
90,000 90,000
1,890,000 1,890,000
610,000 610,000
190,000 190,000
80,000 80,000
500,000 500,000
1,120,000 1,120,000
700,000 700,000
6,550,000 6,550,000 6,550,000
3,410,000 3,410,000
960,000 960,000
250,000 250,000
160,000 160,000
80,000 80,000

140,000 140,000
180,000 180,000
30,000 30,000 30,000
140,000 140,000
60,000 60,000
60,000 60,000
9280000 5240000 6580000 4,040,000 2700000
1340000 1,340,000 1,340,000
6580000 6580000 4,040,000 4040000 6580000 6580000 4,040,000
POST CLOSING TB

610,000
190,000
80,000
500,000
2,460,000

140,000

60,000

4040000