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    Practice Problem Worksheet

    Uploaded by

    Ann Nicole Soreta
    The document is a trial balance worksheet for Edgar Detoya for the period ended December 31, 20X1. It shows unadjusted and adjusted trial balances, income statement accounts, and balance sheet accounts. Adjustments were made for accumulated depreciation, accounts payable, salaries payable, and Detoya's capital and withdrawal accounts. The adjusted trial balance and income statement roll into the post-closing trial balance and balance sheet.

    Copyright:

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

    Practice Problem Worksheet

    Uploaded by

    Ann Nicole Soreta
    27 views7 pages
    The document is a trial balance worksheet for Edgar Detoya for the period ended December 31, 20X1. It shows unadjusted and adjusted trial balances, income statement accounts, and balance sheet accounts. Adjustments were made for accumulated depreciation, accounts payable, salaries payable, and Detoya's capital and withdrawal accounts. The adjusted trial balance and income statement roll into the post-closing trial balance and balance sheet.

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    © © All Rights Reserved

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    The document is a trial balance worksheet for Edgar Detoya for the period ended December 31, 20X1. It shows unadjusted and adjusted trial balances, income statement accounts, and balance sheet accounts. Adjustments were made for accumulated depreciation, accounts payable, salaries payable, and Detoya's capital and withdrawal accounts. The adjusted trial balance and income statement roll into the post-closing trial balance and balance sheet.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    27 views7 pages

    Practice Problem Worksheet

    Uploaded by

    Ann Nicole Soreta
    The document is a trial balance worksheet for Edgar Detoya for the period ended December 31, 20X1. It shows unadjusted and adjusted trial balances, income statement accounts, and balance sheet accounts. Adjustments were made for accumulated depreciation, accounts payable, salaries payable, and Detoya's capital and withdrawal accounts. The adjusted trial balance and income statement roll into the post-closing trial balance and balance sheet.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 7

    Edgar Detoya

    Worksheet
    For the period ended Dec.31,20x1

    Unadusted Trial Balance Adjustments


    Accounts Debit Credit Debit Credit
    Cash
    Accounts Receivable 48,000.00
    Fees Receivable 10,000.00
    Supplies 4,700.00
    Office Equipment 75,000.00
    Accumulated Depreciation 800.00
    Accounts Payable 7,200.00 7,200.00
    Salaries Payable 1,800.00
    Detoya,Capital 150,000.00
    Detoya,Withdrawal 12,000.00
    Income Summary 156,900.00 159,800.00
    Consulting Revenues 78,000.00
    Salaries Expense 2,500.00
    Supplies Expense 2,500.00
    Rent Expense 8,000.00 -
    -
    Edgar Detoya
    Worksheet
    period ended Dec.31,20x1

    Adjusted Trial Balance Income Statement Balance Sheet


    Debit Credit Debit Credit Debit Credit
    - -
    48,000.00 48,000.00
    10,000.00 10,000.00
    4,700.00 4,700.00
    75,000.00 75,000.00
    800.00 800.00
    7,200.00 7,200.00 7,200.00
    1,800.00 1,800.00
    150,000.00 150,000.00
    12,000.00 - 12,000.00 -

    78,000.00 78,000.00
    2,500.00 2,500.00
    2,500.00 2,500.00
    8,000.00 8,000.00
    - -
    - -
    - -
    -
    - -
    - - - -

    -
    -
    Post-Closing Trial Balance
    Debit Credit
    -
    48,000.00
    10,000.00
    4,700.00
    75,000.00
    -
    7,200.00
    1,800.00
    150,000.00

    78,000.00
    2,500.00

    -
    1 Cash 57,500.00 Cash
    Equipment 1 32,500.00 57,500.00 3,000.00
    Hashim, Capital 90,000.00 2,000.00 400.00
    15,000.00 25,000.00
    4 Prepaid Insurance 3,000.00
    Cash 3,000.00
    74,500.00 28,400.00
    7 Accounts Receivable 10,000.00 46,100.00
    Service Revenue 10,000.00

    13 Office Supplies 1,400.00


    Cash 400.00 Accounts Receivable
    Accounts Payable 1,000.00 10,000.00 2,000.00

    20 Cash 2,000.00
    Accounts Receivable 2,000.00

    24 Cash 15,000.00 10,000.00 2,000.00


    Unearned Revenue 15,000.00 8,000.00

    29 Equipment 2 100,000.00
    Cash 25,000.00
    Notes Payable 75,000.00 Notes Payable
    75,000.00

    - 75,000.00
    75,000.00
    Equipment Hashim, Capital
    32,500.00
    100,000.00

    - - 132,500.00 - -
    - 132,500.00

    Office Supplies Accounts Payable Service Revenue


    1,400.00 1,000.00

    1,400.00 - - 1,000.00 -
    1,400.00 1,000.00

    - - - - -
    - - -
    Hashim, Capital Prepaid Insurance
    90,000.00 3,000.00

    90,000.00 3,000.00 -
    90,000.00 3,000.00

    Service Revenue Unearned Revenue


    10,000.00 15,000.00

    10,000.00 - 15,000.00
    10,000.00 15,000.00

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