Mark Dondoyano Information Systems

Unadjusted Trial Balance

December 31, 2019

dr cr

Cash 45,000.00

Notes Receivable 360,000.00

Accounts Receivable 156,000.00

Office Supplies 63,000.00

Land 300,000.00

Building 1,590,000.00

Accumulated depreciation - Building 254,000.00

Equipment 2,150,000.00

Accumulated depreciation - Equipment 612,000.00

Accounts Payable 213,000.00

Unearned Consulting Revenue 450,000.00

Dondoyano Capital 2,655,000.00

Dondoyano Withdrawals 600,000.00

Consulting Revenues 2,108,000.00

Salaries Expense 875,000.00

Repairs Expense 116,000.00

Other Expenses 37,000.00

Totals 6,292,000.00 6,292,000.00

Additional information:

a. Office supplies on hand as of December 31, 2019 is P21,000

b. One-third of the unearned revenues has been earned as of December 31, 2019

c. Depreciation for the year amounted to P38,000 for the Building and P123,000 for the equipment

d. Salaries in the amount of P14,000 have accrued at year-end

e. The notes receivable were accepted from several customers. The notes were received on Sept. 1, 2019

and will be settled together with a 20% interest on May 31, 2020.

1) Worksheet

2) Closing Entries

3) Financial Statements

4) Reversing Entries on January 1, 2020