KATE COMPANY
POST CLOSING TRIAL BALANCE
December 31, 2016
Cash
Accounts Receivable
₱16,800.00
₱6,600.00
Allowance for Doubtful Accounts
Merchandise Inventory
Prepaid Insurance
Office Supplies
Store Equipment
₱800.00
₱10,000.00
₱600.00
₱1,000.00
₱15,000.00
Accumulated Depreciation - Store Equipment
Office Equipment
₱4,800.00
₱12,000.00
Accumulated Depreciation - Office Equipment
₱4,500.00
Accounts Payable
₱10,000.00
Utilities Payable
₱24,000.00
Kate, Capital
___________
₱62,000.00
₱17,900.00
₱62,000.00
Question: From ₱26,600.00 why did it became 17,900?
26,600
3,700 Less: Due to Net Loss
22,900
5,000 Less: Due to Drawing
17,900