Acct. | ACCOUNT TITLE | TRIAL BALANCE | ADJUSTMENT | ADJUSTED TRIAL | INCOME | BALANCE SHEET | No. | | | | BALANCE | STATEMENT | | | | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT | 110 | Cash | ₱1,501,500 | | | | ₱1,501,500 | | | | ₱1,501,500 | | 120 | Accounts Receivable | 35,500 | | | | 35,500 | | | | 35,500 | | 130 | Supplies | 65,000 | | | ₱900 | 64,100 | | | | 64,100 | | 140 | Furniture & Fixture | 25,500 | | | | 25,500 | | | | 25,500 | | 150 | Office Equipment | 20,000 | | | | 20,000 | | | | 20,000 | | 160 | Computer Equipment | 450,000 | | | | 450,000 | | | | 450,000 | | 210 | Accounts Payable | | ₱15,000 | | | | ₱15,000 | | | | ₱15,000 | 310 | Francis, Capital | | 500,000 | | | | 500,000 | | | | 500,000 | 320 | Edison, Capital | | 500,000 | | | | 500,000 | | | | 500,000 | 330 | Rio, Capital | | 500,000 | | | | 500,000 | | | | 500,000 | 340 | Leizel, Capital | | 500,000 | | | | 500,000 | | | | 500,000 | 350 | Francis, Drawings | 20,000 | | | | 20,000 | | | | 20,000 | | 360 | Edison, Drawings | 10,000 | | | | 10,000 | | | | 10,000 | | 370 | Rio, Drawings | 15,000 | | | | 15,000 | | | | 15,000 | | 380 | Leizel, Drawings | 10,000 | | | | 10,000 | | | | 10,000 | | 410 | FERL Revenue | | 155,500 | | | | 155,500 | | ₱155,500 | | | 510 | Rent Expense | 8,000 | | | | 8,000 | | ₱8,000 | | | | 520 | Utility Expense | 10,000 | | | | 10,000 | | 10,000 | | | | | | ₱2,170,500 | ₱2,170,500 | | | | | | | | | | Bad Debts Expense | | | ₱1,775 | | 1,775 | | 1,775 | | | 1,775 | | Allowance for Bad Debts | | | | 1,775 | | 1,775 | | | | | | Dep. Exp.-Office Equip. | | 5,000 | |