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    Fundamentals of Accounting

    Uploaded by

    Diane Soriano
    This unadjusted trial balance shows accounts and adjustments for Gold and Blue Derma. Key accounts include cash of $455,548, equipment of $650,000, and capital of $1,320,000. Adjustments include reducing unearned revenue by $55,000, increasing interest expense by $9,013.70, and recording depreciation expenses of $76,840 for equipment and furniture. The adjusted trial balance will be used to prepare Gold and Blue Derma's income statement and balance sheet.

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    Fundamentals of Accounting

    Uploaded by

    Diane Soriano
    37 views2 pages
    This unadjusted trial balance shows accounts and adjustments for Gold and Blue Derma. Key accounts include cash of $455,548, equipment of $650,000, and capital of $1,320,000. Adjustments include reducing unearned revenue by $55,000, increasing interest expense by $9,013.70, and recording depreciation expenses of $76,840 for equipment and furniture. The adjusted trial balance will be used to prepare Gold and Blue Derma's income statement and balance sheet.

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    Fundamentals of accounting

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    This unadjusted trial balance shows accounts and adjustments for Gold and Blue Derma. Key accounts include cash of $455,548, equipment of $650,000, and capital of $1,320,000. Adjustments include reducing unearned revenue by $55,000, increasing interest expense by $9,013.70, and recording depreciation expenses of $76,840 for equipment and furniture. The adjusted trial balance will be used to prepare Gold and Blue Derma's income statement and balance sheet.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    37 views2 pages

    Fundamentals of Accounting

    Uploaded by

    Diane Soriano
    This unadjusted trial balance shows accounts and adjustments for Gold and Blue Derma. Key accounts include cash of $455,548, equipment of $650,000, and capital of $1,320,000. Adjustments include reducing unearned revenue by $55,000, increasing interest expense by $9,013.70, and recording depreciation expenses of $76,840 for equipment and furniture. The adjusted trial balance will be used to prepare Gold and Blue Derma's income statement and balance sheet.

    Copyright:

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

    Unadjusted

    Accounts Trial Balance Adjustments


    Dr Cr Dr
    Cash 455,548.00
    Accounts Receivable 75,000.00
    Supplies 20,000.00
    Equipment 650,000.00
    Furniture and Fixtures 8,300.00
    Accounts Payable 54,300.00
    Unearned Revenue 220,000.00 55,000.00
    Notes Payable 9,000.00
    Loans Payable 100,000.00
    Gold and Blue Derma's, Capital 1,320,000.00
    Gold and Blue Derma's, Drawing 10,000.00
    Interest Income 48.00
    Service Revenue 105,000.00
    Salaries Expense 480,000.00
    Interest Expense 18,000.00 9,013.70
    Repair and Maintenance Expense 26,000.00
    Rent Expense 50,000.00 30,000.00
    Utilities Expense 15,500.00
    Rent Payable
    Interest Receivable 918.00
    Interest Revenue
    Supplies Expense 4,800.00
    Interest Payable
    Depreciation Expense - Equipment 75,907.34
    Accumulated Depreciation - Equipment
    Depreciation Expense - Furniture and Fixtures 932.33
    Accumulated Depreciation - Furniture and Fixtures
    Bad Debt Expense 312.50
    Allowance for Bad Debts
    1,808,348.00 1,808,348.00 176,883.87
    Adjusted
    Adjustments Trial Balance Income Statement Balance Sheet
    Cr Dr Cr Dr Cr Dr Cr
    455,548.00
    75,000.00
    4,800.00 15,200.00
    650,000.00
    8,300.00
    54,300.00
    165,000.00
    9,000.00
    100,000.00
    1,320,000.00
    10,000.00
    48.00
    55,000.00 160,000.00
    480,000.00
    27,013.70
    26,000.00
    80,000.00
    15,500.00
    30,000.00 30,000.00
    918.00
    918.00 918.00
    4,800.00
    9,013.70 9,013.70
    75,907.34
    75,907.34 75,907.34
    932.33
    932.33 932.33
    312.50
    312.50 312.50
    176,883.87 1,925,431.87 1,925,431.87

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