DEF CORPORATION

Work Sheet
For the Year Ended December 31, 20
Trial Balance Adjustments
Debit Credit Debit
Cash 200,000
Accounts Receivable 100,000
Allowance for Uncollectable Accounts 10,000
Merchandise Inventory, Jan.1 150,000
Store Supplies 15,000
Office Supplies 10,000
Prepaid Insurance 30,000
Land 1,000,000
Office Equipment 150,000
Accumulated Depreciation 30,000
Store Equipment 250,000
Accumulated Depreciation 50,000
Accounts Payable 75,000
Salaries Payable
Income Tax Payable
Ordinary Share Capital, P20 par 1,000,000
Ordinary Share Premium 100,000
Dividends 80,000
Retained Earnings 228,000
Sales 2,500,000
Sales Discounts 50,000
Purchases 1,400,000
Purchases Returns and Allowance 100,000
Sales Salaries 250,000 8,000
Advertising Expense 75,000
Delivery Expense 50,000
Miscelleneous Selling Expense 20,000
Office Salaries 185,000 4,000
Light and Power 60,000
Miscelleneuos Administrative Expenses 18,000
Store Supplies Expense 10,000
Office Supplies Expense 6,000
Insurance Expense 18,000
Depreciation Expense - Store Eqt. 25,000
Depreciation Expense - Office Eqt. 15,000
Income Tax Expense 163,100
4,093,000 4,093,000 249,100
F CORPORATION
Work Sheet
Ended December 31, 2014
Adjustments Income Statement Statement of Financial Position
Credit Debit Credit Debit Credit
200,000
100,000
10,000
150,000 210,000 210,000
10,000 5,000
6,000 4,000
18,000 12,000
1,000,000
150,000
15,000 45,000
250,000
25,000 75,000
75,000
12,000 12,000
163,100 163,100
1,000,000
100,000
80,000
228,000
2,450,000

1,300,000

258,000
75,000
50,000
20,000
189,000
60,000
18,000
10,000
6,000
18,000
25,000
15,000
163,100
249,100 2,357,100 2,660,000 2,011,000 1,708,100
302,900 302,900
2,660,000 2,660,000 2,011,000 2,011,000