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    Worksheet 14 Columns

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    Princess Audhrie
    This document contains a trial balance, adjustments, income statement, balance sheet, and closing entries for Mr. A. The trial balance shows unadjusted account balances. Adjustments are made for depreciation expense, prepaid insurance, bad debt expense, and rent expense. The adjusted accounts are reflected in the income statement, balance sheet, and closing entries. The income statement shows a net income of $15,500. All accounts balance at $1,169,500 after closing entries.

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    Worksheet 14 Columns

    Uploaded by

    Princess Audhrie
    729 views1 page
    This document contains a trial balance, adjustments, income statement, balance sheet, and closing entries for Mr. A. The trial balance shows unadjusted account balances. Adjustments are made for depreciation expense, prepaid insurance, bad debt expense, and rent expense. The adjusted accounts are reflected in the income statement, balance sheet, and closing entries. The income statement shows a net income of $15,500. All accounts balance at $1,169,500 after closing entries.

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    Worksheet-14-columns

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    This document contains a trial balance, adjustments, income statement, balance sheet, and closing entries for Mr. A. The trial balance shows unadjusted account balances. Adjustments are made for depreciation expense, prepaid insurance, bad debt expense, and rent expense. The adjusted accounts are reflected in the income statement, balance sheet, and closing entries. The income statement shows a net income of $15,500. All accounts balance at $1,169,500 after closing entries.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    729 views1 page

    Worksheet 14 Columns

    Uploaded by

    Princess Audhrie
    This document contains a trial balance, adjustments, income statement, balance sheet, and closing entries for Mr. A. The trial balance shows unadjusted account balances. Adjustments are made for depreciation expense, prepaid insurance, bad debt expense, and rent expense. The adjusted accounts are reflected in the income statement, balance sheet, and closing entries. The income statement shows a net income of $15,500. All accounts balance at $1,169,500 after closing entries.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    TULIAO, PRINCESS AUDHRIE S.

    BSA 1-B
    MR. A
    WORKSHEET
    DECEMBER 31, 20x1
    Unadjusted Trial Adjusted Trial Post-closing Trial
    Adjustments Income Statement Balance Sheet Closing Entries
    Accounts Title Balance Balance Balance
    Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
    Cash 138000 138000 138000 138000
    Accounts receivable 300000 300000 300000 300000
    Equipment 700000 700000 700000 700000
    Mr.A capital 1000000 1000000 1000000 15500 984500
    Service Fee 3200000 3200000 3200000 3200000
    Insurance Expense 42000 31500 10500 10500 10500
    Slaries Expense 2400000 2400000 2400000 2400000
    Utilities Expense 420000 420000 420000 420000
    Taxes and License 200000 200000 200000 200000
    Totals 4200000 4200000
    Adjustments :
    Depreciation Expense 35000 35000 35000 35000
    Accumulated Depreciation 35000 35000 35000 35000
    Prepaid Insurance 31,500 31,500 31,500 31,500
    Bad debt Expense 30000 30000 30000 30000
    Allowance for bad debts 30000 30000 30000 30000
    Rent expense 120000 120000 120000 120000
    Rent payable 120000 120000 120000 120000
    Totals 216500 216500 4385000 4385000 3215500 3200000 1169500 1185000 3215500 3215500 1169500 1169500
    Net Income 15500 15500
    Totals 3215500 3215500 1185000 1185000

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