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Module 6 - Worksheet Sample Problem

This document contains a guitar company's unadjusted trial balance, adjustments, adjusted trial balance, income statement, and balance sheet. It shows the company's financial information and accounting entries for expenses, revenues, assets, liabilities, and equity for the period ending December 31, 20x1.

Uploaded by

MJ San Pedro
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
100 views

Module 6 - Worksheet Sample Problem

This document contains a guitar company's unadjusted trial balance, adjustments, adjusted trial balance, income statement, and balance sheet. It shows the company's financial information and accounting entries for expenses, revenues, assets, liabilities, and equity for the period ending December 31, 20x1.

Uploaded by

MJ San Pedro
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Guitar Doc

Worksheet
As of December 31, 20x1
Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Closing Entries Post-Closing Entries
Accounts
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 70,000 70,000 70,000 70,000
Accounts receivable 130,000 130,000 130,000 130,000
Allowance for bad debts 10,000 10,000 10,000 10,000
Prepaid supplies 20,000 20,000 20,000 20,000
Salaries payable 30,000 30,000 30,000 30,000
Yama Ha, Capital 100,000 100,000 100,000 60,000 140,000 180,000
Yama Ha, drawings 60,000 60,000 60,000 60,000
Service fees 400,000 400,000 400,000 400,000
Supplies expense 60,000 20,000 40,000 40,000 40,000
Salaries expense 180,000 30,000 210,000 210,000 210,000
Bad debts expense 10,000 10,000 10,000 10,000
500,000 500,000 60,000 60,000 540,000 540,000 260,000 400,000 280,000 140,000 460,000 460,000 220,000 220,000
Net Income 140,000 140,000
400,000 400,000 280,000 280,000

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