CODE ACCOUNT TITLE TYPE OF ACCOUNT

1 110 Cash Real

2 111 Account Receivable Real
4 114 Medical Supplies Real
3 113 Prepaid Insurance Real
5 115 Land Real
6 116 Medical Building Real
7 117 Accumulated Depreciation- MB Real
8 118 Medical Equipment Real
9 119 Accumulated Depreciation- ME Real
11 211 Notes Payable Real
10 210 Accounts Payable Real
12 212 Salaries Payable Nominal
13 213 Interest Payable Nominal
14 214 Unearned Revenue Nominal
15 310 Marasigan, Capital Nominal
16 311 Marasigan, Drawings Nominal
17 415 Income Summary Nominal
18 416 Medical Revenues Real
19 417 Research Revenues Nominal
20 510 Salaries Expense Nominal
21 512 Insurance Expense Nominal
23 514 Repairs Expense Real
22 513 Supplies Expense Nominal
24 515 Ass. Dues Expense Real
516 Telephone Expense
518 Depreciation Expense- MB
519 Depreciation Expense- ME
517 Interest Expense
NORMAL BALANCE
Debit
Debit
Debit
Debit
Debit
Debit
Credit
Credit
Credit
Debit

Credit
Debit
Debit
Debit
Debit
Debit
Credit
Debit
Debit
Credit
Debit
Credit
Credit
 (1) COMPANY INFORMATION (3) CHART OF ACCOUNTS
TYPE OF NORMAL NORMAL TYPE OF
NAME ABC Company CODES ACCOUNT TITLES
ACCOUNT BALANCE BALANCE ACCOUNT
ADDRESS Rm. 123 C.B. Building Cruz St. Makati City 1 110 Cash Real Debit Debit Real
TIN 555-555-5555 2 111 Account Receivable Real Debit Credit Nominal
3 113 Prepaid Insurance Real Debit
4 114 Medical Supplies Real Debit
(2) EMPLOYEES 5 115 Land Real Debit
NAME POSITITION 6 116 Medical Building Real Debit
Ella Joy R. Quiros Chief Executive Officer 7 117 Accumulated Depreciation- MB Real Credit
Mark Jomel R. Quiros Chief Operating Officer 8 118 Medical Equipment Real Credit
Bryan James R. Quiros President 9 119 Accumulated Depreciation- ME Real Credit
John Neil R. Quiros Chief Financial Officer 10 210 Accounts Payable Real -
Jecelle Q. Tandoc Secretary 11 211 Notes Payable Real Debit
12 212 Salaries Payable Nominal Credit
13 213 Interest Payable Nominal Debit
14 214 Unearned Revenue Nominal Debit
15 310 Marasigan, Capital Nominal Debit
16 311 Marasigan, Drawings Nominal Debit
17 415 Income Summary Nominal Debit
18 416 Medical Revenues Real Credit
19 417 Research Revenues Nominal Debit
510 Salaries Expense
BOOKKEEPING SYSTEM

20 Nominal Debit
21 512 Insurance Expense Nominal Credit
22 513 Supplies Expense Nominal Credit
23 514 Repairs Expense Real Debit
24 515 Ass. Dues Expense Real Credit

t
 Page 4 of 45

TABLE OF BEGINNING BALANCE

NORMAL
PARTICULARS CODE BEGINNING BALANCE
BALANCE
Cash 110 Debit 325,000.00
Account Receivable 111 Debit 105,000.00
Prepaid Insurance 113 Debit 60,000.00
Medical Supplies 114 Debit 15,000.00
Land 115 Debit 30,000.00
Medical Building 116 Debit 1,300,000.00
Accumulated Depreciation- MB 117 Credit
Medical Equipment 118 Credit
Accumulated Depreciation- ME 119 Credit 50,000.00
Accounts Payable 210 -
Notes Payable 211 Debit 30,000.00
Salaries Payable 212 Credit 1,600,000.00
Interest Payable 213 Debit 25,000.00
Unearned Revenue 214 Debit
Marasigan, Capital 310 Debit 80,000.00
Marasigan, Drawings 311 Debit 70,000.00
Income Summary 415 Debit 10,000.00
Medical Revenues 416 Credit 35,000.00
Research Revenues 417 Debit
Salaries Expense 510 Debit
Insurance Expense 512 Credit
Supplies Expense 513 Credit
Repairs Expense 514 Debit 375,000.00
#N/A 611 #N/A
 Page 5 of 45

TOTAL 2,055,000.00 2,055,000.00

PREPARED BY:

CERTIFIED CORRECT:

DATE OF REPORT:
START
END
 GENERAL JOURNAL- ORIGINAL ENTRIES

DATE REFERENCE PARTICULARS CODE

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Prepared by: Certified Correct:

Chief Operating Officer

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AL- ORIGINAL ENTRIES

DEBIT CREDIT

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Page 35 of 45
 GENERAL JOURNAL - ADJUSTING ENTRIES

DATE REFERENCE PARTICULARS CODE

Repairs Expense 514
Prepaid Insurance 113
Ass. Dues Expense 515
Medical Supplies 114
516
Medical Building 116
Notes Payable 211
600
Accumulated Depreciation- MB 117
611
Salaries Expense 510
Salaries Payable 212

Page 36 of 45
X X X X
Prepared by: Certified Correct:

Page 37 of 45
NAL - ADJUSTING ENTRIES

DEBIT CREDIT
1250
1250
25,000.00
25,000.00
20,000.00
20,000.00
5,000.00
5,000.00
500.00
500.00
2,000.00
2,000.00

Page 38 of 45
Page 39 of 45
 ABC Company
Rm. 123 C.B. Building Cruz St. Makati City
555-555-5555

GENERAL JOURNAL - ADJUSTING ENTRIES

DATE REFERENCE PARTICULARS CODE

600
610
611
315

315
Salaries Expense 510
511
Insurance Expense 512
Supplies Expense 513
Repairs Expense 514
Ass. Dues Expense 515
516

Marasigan, Capital 310

Marasigan, Drawings 311

315
Marasigan, Capital 310

Page 40 of 45
X X X X
Prepared by: Certified Correct:

Page 41 of 45
Company
ing Cruz St. Makati City
555-5555

L - ADJUSTING ENTRIES

DEBIT CREDIT
5,000.00
375,000.00
500.00
380,500.00

243,250.00
82,000.00
70,000.00
10,000.00
35,000.00
1,250.00
25,000.00
20,000.00

25,000.00
25,000.00

137,250.00
137,250.00

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Page 43 of 45
A
B
C
C
o ABC Company
m
Rm. 123 C.B. Building Cruz St. Makati City
p
a 555-555-5555
ny
GENERAL LEDGER

NORMAL BEG. BALANCE ORIGINAL ENTRY BALANCE ADJUSTING ENTRIES BALANCE CLOSING ENTRIES BALANCE
ACCOUNT TITLE CODE DEBIT DEBIT DEBIT DEBIT
BALANCE DEBITS CREDITS DEBITS CREDITS DEBITS CREDITS
(CREDIT) (CREDIT) (CREDIT) (CREDIT)
Cash 110 Debit 325,000.00 - - 325,000.00 - - 325,000.00 - - 325,000.00
Account Receivable 111 Debit 105,000.00 - - 105,000.00 - - 105,000.00 - - 105,000.00
Prepaid Insurance 113 Debit 60,000.00 - - 60,000.00 - 1,250.00 58,750.00 - - 58,750.00
Medical Supplies 114 Debit 15,000.00 - - 15,000.00 - 25,000.00 (10,000.00) - - (10,000.00)
Land 115 Debit 30,000.00 - - 30,000.00 - - 30,000.00 - - 30,000.00
Medical Building 116 Debit 1,300,000.00 - - 1,300,000.00 - 20,000.00 1,280,000.00 - - 1,280,000.00
Accumulated Depreciation- MB 117 Credit - - - - 500.00 - 500.00 - - 500.00
Medical Equipment 118 Credit - - - - - - - - - -
Accumulated Depreciation- ME 119 Credit (50,000.00) - - (50,000.00) - - 50,000.00 - - 50,000.00
Accounts Payable 210 - - - - - - - - - - -
Notes Payable 211 Debit - - - 5,000.00 - 5,000.00 - - 5,000.00
Salaries Payable 212 Credit (1,600,000.00) - - (1,600,000.00) - 2,000.00 1,598,000.00 - - 1,598,000.00
Interest Payable 213 Debit 25,000.00 - - 25,000.00 - - 25,000.00 - - 25,000.00
Unearned Revenue 214 Debit - - - - - - - - -
Marasigan, Capital 310 Debit 80,000.00 - - 80,000.00 - - 80,000.00 25,000.00 137,250.00 (32,250.00)
Marasigan, Drawings 311 Debit 70,000.00 - - 70,000.00 - - 70,000.00 - 25,000.00 45,000.00
Income Summary 415 Debit 10,000.00 - - 10,000.00 - - 10,000.00 - - 10,000.00
Medical Revenues 416 Credit - - - - - - - - - -
Research Revenues 417 Debit - - - - - - - - -
Salaries Expense 510 Debit - - - 2,000.00 - 2,000.00 - 82,000.00 (80,000.00)
Insurance Expense 512 Credit - - - - - - - - 10,000.00 (10,000.00)
Supplies Expense 513 Credit - - - - - - - - 35,000.00 (35,000.00)
Repairs Expense 514 Debit - - - 1,250.00 - 1,250.00 - 1,250.00 -
Ass. Dues Expense 515 Credit 25,000.00
-

Prepared by: Certified Correct:

Page 44 of 45
 Page 45 of 45

TYPE OF NORMAL Trial Balance Adjusting Entries Adjusted Trial Balance Income Statement Balance Sheet
ACCOUNT TITLE Code
ACCOUNT BALANCE Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 110 Real Debit 325,000.00 - - - 325,000.00 325,000.00
Account Receivable 111 Real Debit 105,000.00 - - - 105,000.00 105,000.00
Prepaid Insurance 113 Real Debit 60,000.00 - - 1,250.00 58,750.00 58,750.00
Medical Supplies 114 Real Debit 15,000.00 - - 25,000.00 (10,000.00) (10,000.00)
Land 115 Real Debit 30,000.00 - - - 30,000.00 30,000.00
Medical Building 116 Real Debit 1,300,000.00 - - 20,000.00 1,280,000.00 1,280,000.00
Accumulated Depreciation- MB 117 Real Credit - - 500.00 - (500.00) (500.00)
Medical Equipment 118 Real Credit - - - - - -
Accumulated Depreciation- ME 119 Real Credit - 50,000.00 - - 50,000.00 50,000.00
Accounts Payable 210 Real - - - - -
Notes Payable 211 Real Debit - 30,000.00 5,000.00 - 5,000.00 5,000.00
Salaries Payable 212 Nominal Credit - 1,600,000.00 - 2,000.00 1,602,000.00 1,602,000.00
Interest Payable 213 Nominal Debit 25,000.00 - - - 25,000.00 25,000.00
Unearned Revenue 214 Nominal Debit - - - - - -
Marasigan, Capital 310 Nominal Debit 80,000.00 - - - 80,000.00 80,000.00
Marasigan, Drawings 311 Nominal Debit 70,000.00 - - - 70,000.00 70,000.00
Income Summary 415 Nominal Debit 10,000.00 - - - 10,000.00 10,000.00
Medical Revenues 416 Real Credit 35,000.00 - - - - -
Research Revenues 417 Nominal Debit - - - - - -
Salaries Expense 510 Nominal Debit - - 2,000.00 - 2,000.00 2,000.00
Insurance Expense 512 Nominal Credit - - - - - -
Supplies Expense 513 Nominal Credit - - - - - -
Repairs Expense 514 Real Debit - 375,000.00 1,250.00 - 1,250.00 1,250.00
Ass. Dues Expense 515 Real Credit - - 25,000.00 - (25,000.00) (25,000.00)
TOTAL 2,055,000.00 2,055,000.00 33,750.00 48,250.00 1,982,000.00 1,626,500.00 187,000.00 1,602,000.00 1,470,000.00 24,500.00
Net Income 1,415,000.00 (1,445,500.00)
1,602,000.00 1,602,000.00 24,500.00 24,500.00

Prepared by: Certified Correct: