Maryknoll High School of Sto.

Tomas
Senior High School Department
Fundamentals of Accounting 2

Name: ____________________________________________Date:________________

The unadjusted trial balance of GBC Design on Dec. 31, 2018 appears below:

GBC Design
Unadjusted Trial Balance
Dec. 31, 2018

Cash 120,000
Accounts Recievable 321,000
Prepaid Insurance 78,000
Supplies 150,000
Land 350,000
Building 960,000
Accum. Depreciation-Building 130,000
Computer Equipment 720,000
Accum. Depreciation-Computer equipt. 206,000
Notes Payable 308,000
Accounts Payable 123,000
Mortgage Payable 380,000
GBC Capital 920,000
GBC Withdrawals 150,000
Service Revenues 1,310,000
Salaries Expense 528,000
3,377,000 3,377,000

Additional Information:
a. Insurance coverage amounted to P19,500 has expired during the year
b. Supplies comsumed during the year amounted to P48,000.
c. Deppreciation for building at the year -end amounted to P25,000.
d. Deppreciation for computer equipment at the year -end amounted to P12,000.
e.Salaries of P54,000 have accrued at Dec. 31, 2018

Required:

Prepare the worksheet

Cash 72,000.00 72,000.00
Accounts Recievable 331,000.00 331,000.00
Prepaid Insurance 48,000.00 12,000.00 36,000.00
Supplies 125,000.00 53,000.00 72,000.00
Land 170,000.00 170,000.00
Building 850,000.00 850,000.00
Accum. Depreciation-Building 230,000.00 15,000.00 245,000.00
Computer Equipment 620,000.00 620,000.00
Accum. Depreciation-Computer equipt. 106,000.00 18,000.00 124,000.00
Notes Payable 550,000.00 550,000.00
Accounts Payable 143,000.00 143,000.00
Salaries Payable 34,000.00 34,000.00
Mortgage Payable 470,000.00 470,000.00
GBC Capital 310,000.00 310,000.00
GBC Withdrawals 250,000.00 250,000.00
Service Revenues 1,470,000.00 1,470,000.00
Salaries Expense 813,000.00 34,000.00 847,000.00
Insurance expense 12,000.00 12,000.00
Supplies Expense 53,000.00 53,000.00
Depreciation-Building 15,000.00 15,000.00
Depreciation-Computer equipt. 18,000.00 18,000.00
3,279,000.00 3,279,000.00 132,000.00 132,000.00 3,346,000.00 3,346,000.00 -