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    Book 1

    Uploaded by

    Markjason Radam
    worksheet

    Copyright:

    © All Rights Reserved
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    Book 1

    Uploaded by

    Markjason Radam
    4 views6 pages
    worksheet

    Original Title

    Book-1

    Copyright

    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    worksheet

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    4 views6 pages

    Book 1

    Uploaded by

    Markjason Radam
    worksheet

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    UNADJUSTED TRIALBALANCE

    DATE ACCOUNTS DEBIT


    Cash 396,000
    Accounts Receivable
    Prepaid insurance
    Computer Equipment 1,400,000
    Accumulated Depreciation
    Notes Payable
    Owner's equity
    Owner's drawings 3,300,000
    Service fees
    Salaries Expense 990,000
    Rent Expense 1,100,000
    Utilities Expense 165,000
    Office supplies expense 84,000
    Insurance expense 5,000
    Totals 7,440,000
    Adjustments:
    Office supplies
    Depreciation expense
    Interest expense
    Interest payable
    Utilities payable
    Income summary
    Retained earnings
    JUSTED TRIALBALANCE ADJUSTING UNADJUSTED TRIALBAL
    CREDIT DEBIT CREDIT DEBIT
    709,000 455,000 650,000

    5,000 5,000
    150,000 1,550,000
    240,000
    1,000,000
    1,254,000
    3,300,000
    4,946,000 709,000
    165,000 1,155,000
    100,000 1,200,000
    15,000 180,000
    20,000 104,000
    5,000
    7,440,000 1,164,000 1,164,000 8,149,000
    ADJUSTED TRIALBALANCE ADJUSTING
    CREDIT DEBIT CREDIT

    34,000

    240,000 120,000
    1,000,000
    1,254,000

    5,655,000 34,000

    7,500
    9,000

    8,149,000

    9,000
    120,000
    2,000
    2,000
    7,500
    172,500 172,500
    ADJUSTED TRIALBALANCE INCOME STATEMENT
    DEBIT CREDIT DEBIT CREDIT
    650,000
    34,000
    5,000
    1,550,000
    360,000
    1,000,000
    1,254,000
    3,300,000
    5,689,000 5,689,000
    1,155,000 1,155,000
    1,200,000 1,200,000
    187,500 187,500
    95,000 95,000
    5,000 5,000

    9,000
    120,000 120,000
    2,000 2,000
    2,000 2,764,500 5,689,000
    7,500 2,924,500
    8,312,500 8,312,500 5,689,000 5,689,000
    BALANCE SHEET CLOSING ENTRIES
    DEBIT CREDIT DEBIT CREDIT
    650,000
    34,000
    5,000
    1,550,000
    360,000
    1,000,000
    1,254,000 3,300,000 2,924,500
    3,300,000 3,300,000
    5,689,000
    1,155,000
    1,200,000
    187,500
    95,000
    5,000

    9,000
    120,000
    2,000
    2,000
    7,500
    2,924,500 2,924,500
    5,548,000 5,548,000 2,924,500
    11,913,500 11,913,500
    POST-CLOSING TRIALBALANCE
    DEBIT CREDIT
    650,000
    34,000
    5,000
    1,550,000
    360,000
    1,000,000
    878,500

    9,000

    2,000
    7,500
    2,248,000 2,248,000

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