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    Ily Abella Surveyors - Worksheet

    Uploaded by

    Neilan Jay Flores
    This document is a trial balance worksheet for Ily Abella Surveyors for the month ended May 31, 2022. It shows account balances before and after adjustments to various expense and revenue accounts. It includes the adjusted trial balance, income statement and balance sheet. The income statement shows a profit of $1,150,000 for the period. Key assets include cash, accounts receivable, and survey equipment.

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

    Ily Abella Surveyors - Worksheet

    Uploaded by

    Neilan Jay Flores
    506 views2 pages
    This document is a trial balance worksheet for Ily Abella Surveyors for the month ended May 31, 2022. It shows account balances before and after adjustments to various expense and revenue accounts. It includes the adjusted trial balance, income statement and balance sheet. The income statement shows a profit of $1,150,000 for the period. Key assets include cash, accounts receivable, and survey equipment.

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    © © All Rights Reserved

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    This document is a trial balance worksheet for Ily Abella Surveyors for the month ended May 31, 2022. It shows account balances before and after adjustments to various expense and revenue accounts. It includes the adjusted trial balance, income statement and balance sheet. The income statement shows a profit of $1,150,000 for the period. Key assets include cash, accounts receivable, and survey equipment.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    506 views2 pages

    Ily Abella Surveyors - Worksheet

    Uploaded by

    Neilan Jay Flores
    This document is a trial balance worksheet for Ily Abella Surveyors for the month ended May 31, 2022. It shows account balances before and after adjustments to various expense and revenue accounts. It includes the adjusted trial balance, income statement and balance sheet. The income statement shows a profit of $1,150,000 for the period. Key assets include cash, accounts receivable, and survey equipment.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Ily Abella Surveyors

    Worksheet
    For the Month Ended May 31, 2022

        Trial Balance Adjustment Adjusted Trial Balance Income Statement Balance Sheet
    No. Account Title Debit Credit   Debit   Credit Debit Credit Debit Credit Debit Credit
    11
    0 Cash 210,000           210,000       210,000  
    12
    0 Accounts Receivable 930,000           930,000       930,000  
    13
    0 Prepaid Advertising 360,000         140,000 220,000       220,000  
    14
    0 Engineering Supplies 270,000         180,000 90,000       90,000  
    15
    0 Survey Equipment 1,890,000           1,890,000       1,890,000  
    15
    5 Accum. Depreciation- Survey Equipt.   640,000       160,000   800,000       800,000
    21
    0 Accounts Payable   190,000           190,000       190,000
    22
    0 Unearned Survey Revenues   120,000   40,000       80,000       80,000
    23
    0 Notes Payable   500,000           500,000       500,000
    31
    0 Abella, Capital   1,120,000           1,120,000       1,120,000
    32
    0 Abella, Withdrawals 700,000           700,000       700,000  
    41
    0 Survey Revenues   6,510,000       40,000   6,550,000   6,550,000    
    51
    0 Salaries Expense 3,270,000     140,000     3,410,000   3,410,000      
    52
    0 Rent Expense 960,000           960,000   960,000      
    53
    0 Insurance Expense 250,000           250,000   250,000      
    54
    0 Utilities Expense 160,000           160,000   160,000      
    55
    0 Miscellaneous Expense 80,000           80,000   80,000      
      TOTAL 9,080,000 9,080,000                    
      Adjustment:                        
    56
    0 Advertising Expense       140,000     140,000   140,000      
    57
    0 Engineering Supplies Expense       180,000     180,000   180,000      
    58
    0 Depreciation Expense - Survey Equipt.       160,000     160,000   160,000      
    59
    0 Interest Expense       60,000     60,000   60,000      
    24
    0 Interest Payable           60,000   60,000       60,000
    25
    0 Salaries Payable           140,000   140,000       140,000
              720,000   720,000 9,440,000 9,440,000 5,400,000 6,550,000    
      Profit                 1,150,000     1,150,000
                        6,550,000 6,550,000 4,040,000 4,040,000

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