Cash Temporary Investments Accounts Receivable

0 76337.5 550,000 493490.4 70000

9525 451584 105840 30000
25000 70000 26880 26880
4540 30000 16296 35840
2200 26880 35840 52080
15000 35840 52080
60000 52080 56448
4800
12000 786874.4 214800
16000 572074.4
14112
135979.36
6300
5000
53500
4500
26750
23262
2296
4648
118977.39
4067.92

548457.67 742721.5
194263.83
Finished Goods Inventory WIP - Molding WIP - Painting WIP - Packaging
245853 149472 5463.5 5253.5 15540 22145 2394
30592.5 30592.5 5700 7700 990 35120 240
47705 7785 420 3320 6360 14560 6300
19860 4671 2800 4070 325 3685
9000 2520 17640 690 360
13500 6300 1760 300 1580
19860 600 9000 4760
5600 20160 120
344010.5 234880.5 240 3840 72
109130 74.5 90

29718 16273.5 19601

13444.5 9323
79360 73140
6220
WIP - Packaging Raw Materials Inventory Factory Supplies Inventory Office Supplies Inventory
3194 11784 990 2000 2750
4885 22400 5700 4500
1980 12600 2394
219 2050 4070
4150 2520 6500
6480 1760
1091 3685
6300
1580

10278

60555 28999
31556
Prepaid Rent Prepaid Insurance Machinery & Equipment Accumulated Dep- M&E
15000 0 600,000 225000
Furnitures & Fixtures Accumulated Dep- F&F Tools Rental Deposit Utilities Deposit
380000 220,000 20500 150000 25000
Withholding Tax Payable Income Tax Payable SSS & PhilHealth Payable
9525 9525 28500 4540 4540
2500 13215.11
1250 592.08
6600.35
4540 18347.19
9525 19875.35 13807.19
10350.35
PAG-IBIG Payable Accrued Expense Payable Accounts Payable VAT Payable
2200 2200 20163 25000 103750 2688
1400 60000 25088 1512
100 7257.6 6000
3000
2200 3700 85000 136095.6 23262
1500 51095.6 246
498
777.6

37983.6
 Accrued Payroll Capital Stock Retained Earnings COGS Sales
23262 1000000 956778.4 149472 403200
48384 30592.5 94500
11340 7785 24000
2880 4671 14550
1746 9000 32000
3840 13500 46500
5580 19860 50400
0
6048 234880.5 665150
103080
65096.4
General & Admin Exp Control Selling FOH Control Applied FOH Payroll
5000 6000 4000 7020 135979.36 142279.36
2400 4800 8400 9960 6300 144952.85
16000 1200 41275.18 4200 140192.9
47134.18 27130 25000 4760
15000 5000 40242.98
46079.87 10000
25000
28110 287232.21 287232.21
131614.05 107240 118918.16 21180 0.00
Materials Price Variance
-1091

Labor Price Variance

325 146.5
178.5

Labor Quantity Variance

909

FOH Variance
300 90
210
Account Titles Trial Balance Adjustments Adjusted Trial Balance
Debit Credit Debit Credit Debit
Cash 194263.8 194263.83
Temporary Investments 550000 550000
Accounts Receivable 572074.4 572074.4
Finished Goods Inventory 109130 109130
WIP-Molding 13444.5 560 14004.5
WIP-Painting 6220 6220
WIP-Packaging 9323 9323
Raw Materials Inventory 31556 31556
Factory Supplies Inventory 6500 400 6900
Office Supplies Inventory 2750 2500 5250
Prepaid Rent 15000 15000
Prepaid Insurance 0 15400 15400
Machineries & Equipment 600000 600000
Accum Dep - M & E 225000 3125
Furnitures & Fixtures 380000 380000
Accum Dep - f&f 220000 200
Tools 20500 200 20300
Rentals deposit 150000 150000
Utilities Deposit 25000 25000
Withholding Tax Payable 10350.35
Income Tax Payable 28500
SSS & Philhealth Payable 13807.19 22675.11
PAG-IBIG Payable 1500 1400
Accrued Expense Payable 20163
Accounts Payable 51095.6
Vat Payable 65096.4
Accrued Payroll 0
Common Stock 1000000
Retained Earnings 956778.4
Sales 665150
COGS 234880.5 234880.5
Gen & Ad. Exp. Control 131614.05 2732.5 134346.55
Selling & Marketing Exp. Control 107240 400.5 106839.5
FOH Control 118918.16 6968.06 125886.22
Applied FOH 21180 560
Payroll 0
Materials Price Variance 1091
Labor Price Variance 178.5 178.5
Labor Quantity Variance 909 909
FOH Variance 210 210

Net Income (Loss)

TOTALS 3279711.94 3279711.9 28560.56 28560.61 3307672
0 0.05
Adjusted Trial Balance Income Statement Balance Sheet
Credit Debit Credit Debit Credit
194263.83
550000
572074.4
109130
14004.5
6220
9323
31556
6900
5250
15000
15400
600000
228125 228125
380000
220200 220200
20300
150000
25000
10350.35 10350.35
28500 28500
36482.3 36482.3
2900 2900
20163 20163
51095.6 51095.6
65096.4 65096.4
0
1000000 1000000
956778.4 0 956778.4
665150 665150
234880.5
134346.6
106839.5
125886.2
21740 21740
0
1091 1091
178.5
909
210

413887.6 413887.6
3307672.05 1017137.9 686890 2704421.73 3034669.7
330247.9 330247.92