Account Name 

Amount (php)

ABC Company sold 200 pcs of table worth 2,500 each

Utility Expense

4,600

Selling Expense 

90,000

Accounts Receivable 

39,500

Short Term Loans Payable 

5,000

Cost of Goods Sold 

250,000

Common Stock 

110,000

Salaries expense

25,300

Inventory 

31,000

Prepaid Expenses

1,500

Interest Expense

10,500

Cash and Cash Equivalents 

50,000

Retained Earnings

43,300

Advertising expense

8,250

Income Tax 30% 

3,405

Rent Expense

100,000

Accounts Payable 

20,900

Bonds Payable  

275,000

Buildings 

400,000

Equipment 

100,000

Mortgage Payable 

167,800