posted Mar 19, 2012, 12:59 PM by Prof Kiernan
| Help With Numbers Tutoring |
| Worksheet |
| Period Ending Dec.
31, 2011 |
|
Unadjusted Trial
Balance |
Adjustments |
Adjusted Trial Balance |
Income Statement |
Balance Sheet |
| |
Debits |
Credits |
Debits |
Credits |
Debits |
Credits |
Debits |
Credits |
Debits |
Credits |
| Cash |
3425 |
|
|
|
3425 |
|
|
|
3425 |
|
| Accounts Receivable |
7000 |
|
1000 |
|
8000 |
|
|
|
8000 |
|
| Supplies |
1270 |
|
|
890 |
380 |
|
|
|
380 |
|
| Prepaid Insurance |
620 |
|
|
315 |
305 |
|
|
|
305 |
|
| Office Equipment |
51650 |
|
|
|
51650 |
|
|
|
51650 |
|
| Accumulated Depreciation- Office Equipment |
|
9700 |
|
4950 |
|
14650 |
|
|
|
14650 |
| Accounts Payable |
|
925 |
|
|
|
925 |
|
|
|
925 |
| Wages Payable |
|
0 |
|
440 |
|
440 |
|
|
|
440 |
| Unearned Fees |
|
1250 |
500 |
|
|
750 |
|
|
|
750 |
| Capital Stock |
|
5000 |
|
|
|
5000 |
|
|
|
5000 |
| Retained Earnings |
|
24000 |
|
|
|
24000 |
|
|
|
24000 |
| Dividends |
5200 |
|
|
|
5200 |
|
|
|
5200 |
|
| Fees Earned |
|
59125 |
|
1500* |
|
60625 |
|
60625 |
|
|
| Wages Expense |
22415 |
|
440 |
|
22855 |
|
22855 |
|
|
|
| Depreciation Expense |
0 |
|
4950 |
|
4950 |
|
4950 |
|
|
|
| Rent Expense |
4200 |
|
|
|
4200 |
|
4200 |
|
|
|
| Utilities Expense |
2715 |
|
|
|
2715 |
|
2715 |
|
|
|
| Supplies Expense |
0 |
|
890 |
|
890 |
|
890 |
|
|
|
| Insurance Expense |
0 |
|
315 |
|
315 |
|
315 |
|
|
|
| Miscellaneous Expense |
1505 |
|
|
|
1505 |
|
1505 |
|
|
|
| Totals |
100000 |
100000 |
8095 |
6595 |
106390 |
106390 |
37430 |
60625 |
68960 |
45765 |
| Net
Income/Loss |
|
|
|
|
|
|
23195 |
|
|
23195 |
|
|
|
|
|
|
|
60625 |
60625 |
68960 |
68960 |
|
 Updating... Ċ Prof Kiernan, Mar 19, 2012, 12:59 PM
|