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    Work Together 6-1 6-2 6-3

    Uploaded by

    James Sargent
    This document is a trial balance worksheet that lists accounts and their debit/credit balances from the trial balance. It shows planned adjustments for prepaid insurance, supplies, and insurance expense. The adjusted trial balance is then used to complete an income statement and balance sheet. Key figures include net income of $153,000 and total debits and credits of $1,697,000 and $1,544,000 respectively for the balance sheet.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Work Together 6-1 6-2 6-3

    Uploaded by

    James Sargent
    1K views1 page
    This document is a trial balance worksheet that lists accounts and their debit/credit balances from the trial balance. It shows planned adjustments for prepaid insurance, supplies, and insurance expense. The adjusted trial balance is then used to complete an income statement and balance sheet. Key figures include net income of $153,000 and total debits and credits of $1,697,000 and $1,544,000 respectively for the balance sheet.

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    Original Title

    Work_Together_6-1_6-2__6-3

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    This document is a trial balance worksheet that lists accounts and their debit/credit balances from the trial balance. It shows planned adjustments for prepaid insurance, supplies, and insurance expense. The adjusted trial balance is then used to complete an income statement and balance sheet. Key figures include net income of $153,000 and total debits and credits of $1,697,000 and $1,544,000 respectively for the balance sheet.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views1 page

    Work Together 6-1 6-2 6-3

    Uploaded by

    James Sargent
    This document is a trial balance worksheet that lists accounts and their debit/credit balances from the trial balance. It shows planned adjustments for prepaid insurance, supplies, and insurance expense. The adjusted trial balance is then used to complete an income statement and balance sheet. Key figures include net income of $153,000 and total debits and credits of $1,697,000 and $1,544,000 respectively for the balance sheet.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    •

    - ._....__ - · - - - - ~ · - -- w _w

    •
    6-1 Recording the trial balance on a work sheet
    6-2 Planning adiustments on a work sheet
    6-3 Completing a work sheet
    e
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    3
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    2 3 4
    " . 7 8

    TRIAL BALANCE ADJUSTMENTS INCOME STATEMENT BALANCE SHEET


    ACCOUNT TITLE
    DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
    r
    Cash I 980000 980000 I r
    petty cash 15000 15000 ::a

    i
    2 2

    Accts Rec. Ruby PRince 279500


    3 279500 • -t
    Supplies 45600 (a) 13100 32500 0
    4 4
    G)
    ffl
    Prepaid insurance
    5 75000 (b) 25000 50000 5 -t
    Accts Pay. R. Navarro 55500 55500 • ::c
    ffl
    •
    n
    Gary Baldwin, Capital
    7
    1488500 1488500 7 .,,.,,
    !"
    a Gary baldwin, drawing 340000 340000
    -
    ':T

    "'O
    8
    • •
    CD°
    -,
    Income summary
    0-
    9
    • UI 0

    --
    ...UI
    10 Sales . 432000 432000 10
    C
    CD°
    -
    0
    -, Advertising expense
    II
    93100 93100 II 0-

    g-
    (/) Insurance Expense
    12
    (b) 25000 25000 12
    ...
    ':T
    CD
    Miscellaneous expense
    13
    37800 37800 13

    0
    -, 14
    Supplies expense (a) 13100 13100 14
    a
    (/)
    CD
    15 Utilities expense 110000 110000 15
    In
    n
    ~- 16 1976000 1976000 38100 38100 279000 432000 1697000 1544000 18 a
    CD "'
    "'
    0:,
    C:
    17 Net income 153000 153000 17

    "'
    :::, 18
    432000 432000 1697000 1697000
    .
    Cl> 18

    "'
    "'

    --
    • 19

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