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    DR CR DR Unadjusted Trial Balance Adjustments

    Uploaded by

    Rogelen Degamhon
    This document contains a trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for a company. The trial balance shows account balances before adjustments. Adjustments are made for prepaid rent (+$30k), office supplies (-$145k), and accumulated depreciation (+$10k). The adjusted trial balance and income statement incorporate these adjustments. The balance sheet presents account balances and calculates total assets of $4,824,010 and total equity & liabilities of the same amount.

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

    DR CR DR Unadjusted Trial Balance Adjustments

    Uploaded by

    Rogelen Degamhon
    68 views3 pages
    This document contains a trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for a company. The trial balance shows account balances before adjustments. Adjustments are made for prepaid rent (+$30k), office supplies (-$145k), and accumulated depreciation (+$10k). The adjusted trial balance and income statement incorporate these adjustments. The balance sheet presents account balances and calculates total assets of $4,824,010 and total equity & liabilities of the same amount.

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    Ceak-ws

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    This document contains a trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for a company. The trial balance shows account balances before adjustments. Adjustments are made for prepaid rent (+$30k), office supplies (-$145k), and accumulated depreciation (+$10k). The adjusted trial balance and income statement incorporate these adjustments. The balance sheet presents account balances and calculates total assets of $4,824,010 and total equity & liabilities of the same amount.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    68 views3 pages

    DR CR DR Unadjusted Trial Balance Adjustments

    Uploaded by

    Rogelen Degamhon
    This document contains a trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for a company. The trial balance shows account balances before adjustments. Adjustments are made for prepaid rent (+$30k), office supplies (-$145k), and accumulated depreciation (+$10k). The adjusted trial balance and income statement incorporate these adjustments. The balance sheet presents account balances and calculates total assets of $4,824,010 and total equity & liabilities of the same amount.

    Copyright:

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

    31-Dec-19
    Unadjusted Trial Balance Adjustments
    ACCOUNTS DR CR DR
    CASH 2,394,010.00
    ACCOUNTS RECEIVABLE 740,000.00
    MERCHANDISE INVENTORY 738,200.00
    PREPAID RENT 90,000.00 30,000.00
    OFFICE SUPPLIES 200,000.00 145,000.00
    OFFICE EQUIPMENT 1,000,000.00
    ACCUM. DEPRECIATION 250,000.00 10,000.00
    NOTES PAYABLE 570,000.00
    ACCOUNTS PAYABLE 1,190,000.00
    SALARIES PAYABLE 95,000.00
    MARQUEZ, CAPITAL 1,665,700.00
    MARQUEZ, DRAWING 100,000.00
    INCOME SUMMARY 475,000.00
    SALES 3,160,000.00
    SALES RETURNS & ALLOWANCES 30,000.00
    SALES DISCOUNTS 17,490.00
    PURCHASES 1,440,000.00
    PURC. RETURNS & ALLOWANCES 10,000.00
    PURCHASE DISCOUNTS 11,000.00
    RANSPORTATION IN 20,000.00
    SALARIES EXPENSE 80,000.00 D) 95,000.00
    RENT EXPENSE A) 30,000.00
    OFFICE SUPPLIES EXPENSE B) 145,000.00
    DEPRECIATION EXPENSE C) 10,000.00
    INTEREST EXPENSE 10,000.00
    TOTALS 6,859,700.00 6,856,700.00
    INVENTORY END 475,000.00
    3,000.00 755,000.00 755,000.00
    NET INCOME
    Worksheet
    31-Dec-19
    Adjustments Adjusted Trial Balance Income Statement
    ACCOUNTS CR DR CR DR CR
    CASH 2,394,010.00
    ACCOUNTS RECEIVABLE 740,000.00
    MERCHANDISE INVENTORY 738,200.00 738,200.00
    PREPAID RENT A) 60,000.00
    OFFICE SUPPLIES B) 55,000.00
    OFFICE EQUIPMENT 1,000,000.00
    ACCUM. DEPRECIATION C) 260,000.00
    NOTES PAYABLE 570,000.00
    ACCOUNTS PAYABLE 1,190,000.00
    SALARIES PAYABLE D) 95,000.00
    MARQUEZ, CAPITAL 1,665,700.00
    MARQUEZ, DRAWING 100,000.00
    INCOME SUMMARY 475,000.00 475,000.00
    SALES 3,160,000.00 3,160,000.00
    SALES RETURNS & ALLOWANCES 30,000.00 30,000.00
    SALES DISCOUNTS 17,490.00 17,490.00
    PURCHASES 1,440,000.00 1,440,000.00
    PURC. RETURNS & ALLOWANCES 10,000.00 10,000.00
    PURCHASE DISCOUNTS 11,000.00 11,000.00
    RANSPORTATION IN 20,000.00 20,000.00
    SALARIES EXPENSE 175,000.00 175,000.00
    RENT EXPENSE 30,000.00 30,000.00
    OFFICE SUPPLIES EXPENSE 145,000.00 145,000.00
    DEPRECIATION EXPENSE 10,000.00 10,000.00
    INTEREST EXPENSE 10,000.00 10,000.00
    TOTALS
    INVENTORY END 475,000.00
    7,439,700.00 7,436,700.00 2,615,690.00 3,656,000.00
    NET INCOME 1,040,310.00
    3,656,000.00 3,656,000.00
    Worksheet
    31-Dec-19
    Balance Sheet
    ACCOUNTS DR CR
    CASH 2,394,010.00
    ACCOUNTS RECEIVABLE 740,000.00
    MERCHANDISE INVENTORY
    PREPAID RENT 60,000.00
    OFFICE SUPPLIES 55,000.00
    OFFICE EQUIPMENT 1,000,000.00
    ACCUM. DEPRECIATION 260,000.00
    NOTES PAYABLE 570,000.00
    ACCOUNTS PAYABLE 1,190,000.00
    SALARIES PAYABLE 95,000.00
    MARQUEZ, CAPITAL 1,665,700.00
    MARQUEZ, DRAWING 100,000.00
    INCOME SUMMARY
    SALES
    SALES RETURNS & ALLOWANCES
    SALES DISCOUNTS
    PURCHASES
    PURC. RETURNS & ALLOWANCES
    PURCHASE DISCOUNTS
    RANSPORTATION IN
    SALARIES EXPENSE
    RENT EXPENSE
    OFFICE SUPPLIES EXPENSE
    DEPRECIATION EXPENSE
    INTEREST EXPENSE
    TOTALS
    INVENTORY END 475,000.00
    4,824,010.00 3,780,700.00
    NET INCOME 1,043,310.00
    4,824,010.00 4,824,010.00

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