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    Worksheet

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    Humaira Noman
    This document shows a trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for a company. The trial balance includes accounts such as cash, accounts receivable, various expenses and revenues, capital stock, and retained earnings. Adjustments are made for items like accounts receivable, prepaid expenses, depreciation expense, and unearned revenue. The adjusted trial balance and income statement reflect the impact of these adjustments on the accounts. The balance sheet presents the company's assets, liabilities, and equity as of the end of the period.

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    Worksheet

    Uploaded by

    Humaira Noman
    146 views4 pages
    This document shows a trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for a company. The trial balance includes accounts such as cash, accounts receivable, various expenses and revenues, capital stock, and retained earnings. Adjustments are made for items like accounts receivable, prepaid expenses, depreciation expense, and unearned revenue. The adjusted trial balance and income statement reflect the impact of these adjustments on the accounts. The balance sheet presents the company's assets, liabilities, and equity as of the end of the period.

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    Work Sheet for Accounting Meigs and Meigs

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    This document shows a trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for a company. The trial balance includes accounts such as cash, accounts receivable, various expenses and revenues, capital stock, and retained earnings. Adjustments are made for items like accounts receivable, prepaid expenses, depreciation expense, and unearned revenue. The adjusted trial balance and income statement reflect the impact of these adjustments on the accounts. The balance sheet presents the company's assets, liabilities, and equity as of the end of the period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    146 views4 pages

    Worksheet

    Uploaded by

    Humaira Noman
    This document shows a trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for a company. The trial balance includes accounts such as cash, accounts receivable, various expenses and revenues, capital stock, and retained earnings. Adjustments are made for items like accounts receivable, prepaid expenses, depreciation expense, and unearned revenue. The adjusted trial balance and income statement reflect the impact of these adjustments on the accounts. The balance sheet presents the company's assets, liabilities, and equity as of the end of the period.

    Copyright:

    © All Rights Reserved
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    Work Sheet

    Accounts Trial Balance Adjustments Adjusted Trial


    Dr. Cr. Dr. Cr. Dr. Cr.
    Cash 27,020 27,020
    Accounts Receivable 59,200 1,500 60,700
    Unexpired Insurance 900 300 600
    Prepaid Rent 3,000 1,000 2,000
    Office Supplies 600 200 400
    Equipment 60,000 60,000
    Accumulated Dep:Equipment 29,500 500 30,000
    Accounts Payable 4,180 4,180
    Notes Payable 12,000 12,000
    Salaries payable 2,700 2,700
    Interest Payable 320 80 400
    Unearned Fees 6,000 2,500 3,500
    Income Taxes payable 4,000 3,000 7,000
    Unearned Revenue 20,000 20,000
    Retained Earnings 49,000 49,000
    Capital Stock 25,000 25,000
    Dividends 3,000 3,000
    Fees Earned 75,000 4,000 79,000
    Travel Expense 5,000 5,000
    Insurance Expense 2,980 300 3,280
    Rent Expense 9,900 1,000 10,900
    Office Supplies Expense 780 200 980
    Utilities Expense 4,800 4,800
    Depreciation Expense: Equipment 5,500 500 6,000
    Salaries Expense 30,000 2,700 32,700
    Interest Expense 320 80 400
    Income Taxes Expense 12,000 3,000 15,000

    225,000 225,000 11,780 11,780 232,780 232,780


    Income Statement Balance Sheet
    Dr. Cr. Dr. Cr.
    27,020
    60,700
    600
    2,000
    400
    60,000
    30,000
    4,180
    12,000
    2,700
    400
    3,500
    7,000
    20,000
    49,000
    25,000
    3,000
    79,000
    5,000
    3,280
    10,900
    980
    4,800
    6,000
    32,700
    400
    15,000

    79,060 79,000 153,720 153,780


    60 60
    79,060 79,060 153,780 153,780
    Accounts Trial Balance Adjustments Adjusted Trial Income Statement Balance Sheet
    Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
    Cash 13,900 13,900 13,900
    Accounts Receivable 78,000 6,400 84,400 84,400
    Unexpired Insurance 18,000 3,000 15,000 15,000
    Prepaid Advertising 2,200 1,100 1,100 1,100
    Climbing Supplies 4,900 2,900 2,000 2,000
    Climbing Equipment 57,600 57,600 57,600
    Accumulated Dep: Climbing Eq 38,400 1,200 39,600 39,600
    Accounts Payable 1,250 1,250 1,250
    Notes Payable 10,000 10,000 10,000
    Salaries Payable 3,100 3,100 3,100
    Interest Payable 150 75 225 225
    Income Taxes payable 1,200 1,250 2,450 2,450
    Unearned Client Revenue 9,600 6,600 3,000 3,000
    Capital Stock 17,000 17,000 17,000
    Retained Earnings 62,400 62,400 97,375
    Client Revenue Earned 188,000 13,000 201,000 201,000
    Advertising Expense 7,400 1,100 8,500 8,500
    Insurance Expense 33,000 3,000 36,000 36,000
    Rent Expense 16,500 16,500 16,500
    Climbing Supplies Expense 8,400 2,900 11,300 11,300
    Repairs Expense 4,800 4,800 4,800
    Depreciation Expense: Climbing Eq 13,200 1,200 14,400 14,400
    Salaries Expense 57,200 3,100 60,300 60,300
    Interest Expense 150 75 225 225
    Income Taxes Expense 12,750 1,250 14,000 14,000

    328,000 328,000 25,625 25,625 340,025 340,025 166,025 201,000 174,000 174,000
    Net Income 34,975 -
    201,000 201,000 174,000 174,000
    Work Sheet
    Accounts Trial Balance Adjustments Adjusted Trial Income Statement Balance Sheet
    Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
    Cash 13,900 13,900 13,900
    Accounts Receivable 78,000 6,400 84,400 84,400
    Unexpired Insurance 18,000 3,000 15,000 15,000
    Prepaid Advertising 2,200 1,100 1,100 1,100
    Climbing Supplies 4,900 2,900 2,000 2,000
    Climbing Equipment 57,600 57,600 57,600
    Accumulated Dep: Climbing Eq 38,400 1,200 39,600 39,600
    Accounts Payable 1,250 1,250 1,250
    Notes Payable 10,000 10,000 10,000
    Salaries Payable 3,100 3,100 3,100
    Interest Payable 150 75 225 225
    Income Taxes payable 1,200 1,250 2,450 2,450
    Unearned Client Revenue 9,600 6,600 3,000 3,000
    Capital Stock 17,000 17,000 17,000
    Retained Earnings 62,400 62,400 97,375
    Client Revenue Earned 188,000 13,000 201,000 201,000
    Advertising Expense 7,400 1,100 8,500 8,500
    Insurance Expense 33,000 3,000 36,000 36,000
    Rent Expense 16,500 16,500 16,500
    Climbing Supplies Expense 8,400 2,900 11,300 11,300
    Repairs Expense 4,800 4,800 4,800
    Depreciation Expense: Climbing Eq 13,200 1,200 14,400 14,400
    Salaries Expense 57,200 3,100 60,300 60,300
    Interest Expense 150 75 225 225
    Income Taxes Expense 12,750 1,250 14,000 14,000

    166,025 201,000
    Net Income 34,975

    328,000 328,000 25,625 25,625 340,025 340,025 201,000 201,000 174,000 174,000

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