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Account

Code
1
10
11
12
13
14
15
16
17
18
19
100
101
2
21
22
3
31
32
4
41
42
43
5
51
52
53
54
55
56
57
58
59
501

Account Name
ASSET
Cash
Accounts Receivable
Office Supplies
Office Equipment
Machinery
Prepaid Rent
Prepaid Insurance
Prepaid Advertising
Merchandise Inventory, Beg
Merchandise Inventory, End
Land
Building
LIABILITIES
Accounts Payable
Notes Payable
EQUITY
Penetrante, Capital
Penetrante, Drawings
REVENUE
Sales
Sales Discount
Sales Returns and Allowances
EXPENSES
Salary Expense
Rent Expense
Advertising Expenses
Transportation Expense
Utility Expenses
Miscellaneous Expense
Purchases
Purchase Discount
Purchase Returns
Insurance Expense

Date
1/2

Code
10
31
57
10
10
41
51
10
11
41
43
11
12
10
16
10
501
16
10
11

Particulars
Cash
Penetrante, Capital
Purchases
Cash
Cash
Sales
Salary Expense
Cash
Accounts Receivable
Sales
Sales Returns and Allowances
Accounts Receivable
Office Supplies
Cash
Prepaid Insurance
Cash
Insurance Expense
Prepaid Insurance
Cash
Accounts Receivable
#N/A

Ref. No

Debit
30000

Credit
30000

10000
10000
15000
15000
3000
3000
10000
10000
1000
1000
500
500
12000
12000
1000
1000
9000
9000

1
10
11
12
13
14
15
16
17
18
19
100
101
2
21
22
3
31
32
4
41
42
43
5
51
52
53
54
55
56
57
58
59
501

ASSET
Cash
Accounts Receivable
Office Supplies
Office Equipment
Machinery
Prepaid Rent
Prepaid Insurance
Prepaid Advertising
Merchandise Inventory, Beg
Merchandise Inventory, End
Land
Building
LIABILITIES
Accounts Payable
Notes Payable
EQUITY
Penetrante, Capital
Penetrante, Drawings
REVENUE
Sales
Sales Discount
Sales Returns and Allowances
EXPENSES
Salary Expense
Rent Expense
Advertising Expenses
Transportation Expense
Utility Expenses
Miscellaneous Expense
Purchases
Purchase Discount
Purchase Returns
Insurance Expense

Penetrante Sari-Sari Store


Work Sheet
As of December 31 2011

Account Name
ASSET
Cash
Accounts Receivable
Office Supplies
Office Equipment
Machinery
Prepaid Rent
Prepaid Insurance
Prepaid Advertising
Merchandise Inventory, Beg
Merchandise Inventory, End
Land
Building
LIABILITIES
Accounts Payable
Notes Payable
EQUITY
Penetrante, Capital
Penetrante, Drawings
REVENUE
Sales
Sales Discount
Sales Returns and Allowances
EXPENSES
Salary Expense
Rent Expense
Advertising Expenses
Transportation Expense
Utility Expenses
Miscellaneous Expense
Purchases
Purchase Discount
Purchase Returns
Insurance Expense
Total
Net Income Before Tax
Taxes Payable
Net Income After Tax

TRIAL BALANCE
Debit
Credit

INCOME STATEMENT
Debit
Credit

28,500
500
11,000
-

28,500
500
11,000
-

30,000
25,000
1,000
3,000
10,000
1,000
55,000

55,000

BALANCE STATEMENT
Debit
Credit

1,000
3,000
10,000
1,000
15,000

25,000
25,000
10,000
1,000
9,000

40,000

30,000
-

30,000
10,000
40,000

10
Cash
Code
10
31
57
10
10
41
51
10
11
41
43
11
12
10
16
10
501
16
10
11
0
0
0
0
0
0
0
Total
Balance

Debit
30000
0
0
0
15000
0
0
0
0
0
0
0
0
0
0
0
0
0
9000
0
0
0
0
0
0
0
0
54000
28500

Credit
0
0
0
10000
0
0
0
3000
0
0
0
0
0
500
0
12000
0
0
0
0
0
0
0
0
0
0
0
25500
0

11
Accounts Receivable
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10000
0
0
0
0
0
0
1000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10000
10000
0
0

12
Office Supplies
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
500
500

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

13
Office Equipment
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

14
Machinery
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

15
Prepaid Rent
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

16
17
18
Prepaid Insurance
Prepaid AdvertisingMerchandise Inventory, Beg
Debit
Credit
Debit
Credit
Debit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12000
1000
0
0
0
11000
0
0
0
0

18
19
100
Merchandise Inventory,Merchandise
Beg
Inventory, End
Land
Credit
Debit
Credit
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

101
Building
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

21
Accounts Payable
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

22
Notes Payable
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

31
32
Penetrante, Capital Penetrante, Drawings
Debit
Credit
Debit
Credit
0
0
0
0
0
30000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30000
0
0
0
30000
0
0

41
Sales
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
15000
0
0
0
0
0
0
0
10000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25000
0
25000

42
Sales Discount
Debit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

42
43
51
Sales Discount Sales Returns and AllowancesSalary Expense
Credit
Debit
Credit
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3000
0
0
0
0
0
0
0
0
0
0
0
0
0
1000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1000
0
3000
0
1000
0
3000

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

52
Rent Expense
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

53
Advertising Expenses
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

54
Transportation Expense
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

55
Utility Expenses
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

56
Miscellaneous Expense
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

57
Purchases
Debit
Credit
0
0
10000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10000
10000

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

58
Purchase Discount
Debit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

58
Purchase Discount
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

59
Purchase Returns
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

501
Insurance Expense
Debit
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1000
0
1000
0

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