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Rosalie Balhag Cleaners

This document is a worksheet for Rosalie Balhag Cleaners for the fiscal year ended September 30, 2019. It shows the unadjusted trial balance, adjustments made, adjusted trial balance, financial performance, financial position, closing entries, and post-closing trial balance. Adjustments were made for prepaid insurance, cleaning supplies, accumulated depreciation on the building, unearned cleaning revenues, and interest payable and salaries payable. Closing entries impacted capital, withdrawals, and net income. The post-closing trial balance shows the ending balances after all accounting activities for the fiscal year.

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Dominique Abrajano
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2K views1 page

Rosalie Balhag Cleaners

This document is a worksheet for Rosalie Balhag Cleaners for the fiscal year ended September 30, 2019. It shows the unadjusted trial balance, adjustments made, adjusted trial balance, financial performance, financial position, closing entries, and post-closing trial balance. Adjustments were made for prepaid insurance, cleaning supplies, accumulated depreciation on the building, unearned cleaning revenues, and interest payable and salaries payable. Closing entries impacted capital, withdrawals, and net income. The post-closing trial balance shows the ending balances after all accounting activities for the fiscal year.

Uploaded by

Dominique Abrajano
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Rosalie Balhag Cleaners

Worksheet
For the year ended September 30, 2019
Unadjusted Trial Adjusted Trial Financial Post Closing Trial
Balance Adjusments Balance Performance Financial Position Closing Entries Balance
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Cash 117,880 117,880 117,880 117,880


Accounts Receivable 264,940 264,940 264,940 264,940
Prepaid Insurance 34,000 27,200 6,800 6,800 6,800
Cleaning Supplies 73,740 61,300 12,440 12,440 12,440
Land 180,000 180,000 180,000 180,000
1,850,00 1,850,00 1,850,00 1,850,00
Building 0 0 0 0
Accumulated
Depreciation- 128,00
Building 456,000 0 584,000 584,000 584,000
Accounts Payable 204,000 204,000 204,000 204,000
unearned Cleaning
revenues 16,000 4,000 12,000 12,000 12,000
1,100,00 1,100,00 1,100,00
Mortgage Payable 0 0 0 1,100,000
Balhag, Capital 565,600 565,600 565,600 60,340 505,260
Balhag, Withdrawals 100,000 100,000 100,000 100,000
1,576,34 1,580,34 1,580,34 1,580,34
Cleaning Revenues 0 4,000 0 0 0
1,013,30 1,030,10 1,030,10 1,030,10
Salaries Expense 0 16,800 0 0 0
Cleaning Equipment
Rental Expense 60,000 60,000 60,000 60,000
Delivery Truck
Expense 43,740 43,740 43,740 43,740
interest Expense 110,000 10,000 120,000 120,000 120,000
Other Expenses 70,340 70,340 70,340 70,340
3,917,94 3,917,94
TOTAL 0 0
insurance Expense 27,200 27,200 27,200 27,200
supplies Expense 61,300 61,300 61,300 61,300
depreciation 128,00
expense- building 0 128,000 128,000 128,000
interest payable 10,000 10,000 10,000 10,000
salaries payable 16,800 16,800 16,800 16,800
247,30 247,30 4,072,74 4,072,74
TOTAL 0 0 0 0 1540680 1580340 2532060 2492400 1640680 1640680 2432060 2432060
Net Income 39,660 39,660
TOTAL 1580340 1580340 2532060 2532060

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