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Essential Oils and Candles Trial Balance

The document presents a trial balance sheet for a company with accounts for cash, prepaid expenses, security deposits, equipment, share capital, income, raw materials, overhead, rent, supplies, taxes, research, training, utilities, marketing, depreciation, salaries, and contributions. The debits and credits are equal after adjustments.

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Exequiel Ambasing
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5 views1 page

Essential Oils and Candles Trial Balance

The document presents a trial balance sheet for a company with accounts for cash, prepaid expenses, security deposits, equipment, share capital, income, raw materials, overhead, rent, supplies, taxes, research, training, utilities, marketing, depreciation, salaries, and contributions. The debits and credits are equal after adjustments.

Uploaded by

Exequiel Ambasing
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

THE EVOCATIVE ESSENTIAL OIL AND SCENTED CANDLES

Trial Balance

Unadjusted Adjustments Adjusted


ACCOUNT TITLE Debit Credit Debit Credit Debit Credit
Cash on hand 671,911.60 671,911.60
Prepaid Expense - Rent 10,000.00 10,000.00
Security Deposit 10,000.00 10,000.00
Office Equipment 148,366.00 148,366.00
Accumulated depreciation - office equipment 29,673.20 29,673.20
Furniture and Fixture 35,150.00 35,150.00
Accumulated depreciation - furniture & fixture 7,030.00 7,030.00
Withholding tax expanded - 5% 5,500.00 5,500.00
Share Capital 1,500,000.00 1,500,000.00
Income 1,297,800.00 1,297,800.00
Raw Materials 961,800.00 961,800.00
Overhead 152,417.40 152,417.40
Rental 110,000.00 110,000.00
Office supplies 36,324.00 36,324.00
Taxes and Licenses 8,851.00 8,851.00
Research and Development Expense 5,000.00 5,000.00
Trainings and Seminars Expense 2,500.00 2,500.00
Utilities Expense 7,300.00 7,300.00
Pre-Marketing Expense 3,000.00 3,000.00
Depreciation 36,703.20 36,703.20
Salaries 574,080.00 574,080.00
SSS, PHIC and HDMF - ER Contributions 66,600.00 66,600.00
2,840,003.20 2,840,003.20 - - 2,840,003.20 2,840,003.20
- - -

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