Question

The adjusted trail balance columns of the worksheet for auburn company are as follows.

Auburn Company

Worksheet (partial)

For the Month Ended April 30, 2020

Adjusted Income Income

Trial Balance Statement Balance Sheet

Account Titles Dr. Cr. Dr. Cr. Dr. Cr.

Cash 10,000

Accounts Receivable 7,840

Prepaid Rent 2,280

Equipment 23,050

Accumulated Depreciation—Equip. 4,900

Notes Payable 5,700

Accounts Payable 4,920

Owner’s Capital 27,960

Owner’s Drawings 3,650

Service Revenue 15,590

Salaries and Wages Expense 10,840

Rent Expense 760

Depreciation Expense 650

Interest Expense 57

Interest Payable 57

Totals 59,127 59,127

Instructions:

Complete the worksheet.

Answer 1

Complete worksheet :

	Trial Balance		Income Statement		Balance sheet
	Dr	Cr	DR	CR	DR	CR
Cash	10000				10000
Accounts Receivable	7840				7840
Prepaid rent	2280				2280
Equipment	23050				23050
Accumulated Depreciation—Equip.		4900				4900
Notes payable		5700				5700
Account payable		4920				4920
Owner's capital		27960				27960
Owner's drawing	3650				3650
Service revenue		15590		15590
Salaries and wages expense	10840		10840
Rent expense	760		760
Depreciation expense	650		650
Interest expense	57		57
Interest payable		57				57
Total	59127	59127	12307	15590	46820	43537
Net income			3283			3283
Total			15590	15590	46820	46820