Mavic Enterprises Post-Closing Trial Balance Dec. 31, 20X1 (in Philippine Peso) TITLE Dr Cr Petty Cash Fund Cash in Bank Accounts Receivable Allowance for Bad Debts Unused Supplies Prepaid Insurance Rental Deposit Office Equipment Accumulated Depreciation • Office Equipment Laboratory Equipment Accumulated Depreciation · Laboratory Equipment Expenses Payable Accounts Payable Loans Payable Withholding Taxes Payable SSS/EC Premiums Payable HDMF Premiums Payable Philhealth Premiums Payable Mavic Perez, Capital Mavic Perez, Drawings TOTALS P 5,000 146,400 175,000 P 12,000 135,000 2,000 150,000 70,000 4,500 400,000 5,000 2,000 65,000 100,000 14,500 4,900 2,000 3,500 1,120,000 P 250,000 P 1,333,400 P 1,333,400 Required: Statement of Financial Position (a) Report Form (b) Account Form E:countancy, Business, and Management: Basic Accounting 2

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