Based on the data below, close out the revenue,
expense, income summary, and drawing accounts.
Service...
Based on the data below, close out the revenue,
expense, income summary, and drawing accounts.
Service Fees = $100,000
Rent Expense = $10,000
Wage Expense = $20,000
Utilities Expense = $12,000
Supplies Expense = $1000
Insurance Expense = $1000
Depreciation Expense = $4000
Drawing = $1000
PETE'S CONSTRUCTION YEAR ENDED DECEMBER 31, 2018 ADJUSTED TRIAL
BALANCE INCOME STATEMENT STATEMENT OF OWNER'S EQUITY...
PETE'S CONSTRUCTION YEAR ENDED DECEMBER 31, 2018 ADJUSTED TRIAL
BALANCE INCOME STATEMENT STATEMENT OF OWNER'S EQUITY OR BALANCE
SHEET ACCOUNT TITLES DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Cash
$37,000 $37,000 Accounts receivable 10,278 10,278 Interest
receivable 1,200 1,200 Office supplies 1,000 1,000 Prepaid
insurance 1,000 1,000 Prepaid rent 1,800 1,800 Note receivable
10,000 10,000 Computer equipment 24,000 24,000 Accumulated
depreciation, computer equipment $10,000 $10,000 Office equipment
15,000 15,000 Accumulated depreciation, office equipment 9,000
9,000 Accounts payable 20,878 20,878 Interest payable...
The following items appeared on December 31 Excel work sheet.
Based on the following information, what...
The following items appeared on December 31 Excel work sheet.
Based on the following information, what is profit for the
year?
Account Unadjusted Trial Balance Adjustments Adjusted Trial
Balance
Dr. Cr. Dr. Cr. Dr. Cr.
Cash 975
Prepaid insurance 3,600 150
Supplies 180 70
Equipment 10,320
Accounts payable 1,140
Unearned fees 4,500 375
Owner, capital 9,180
Owner, withdrawals 1,650
Fees earned 5,850 {375
{300
Rent expense 1,500 315
Salaries expense 2,100
Utilities expense 345
Insurance expense 150
Supplies expense 70...
MATTHEWS LANES
Work Sheet
For Year Ended June 30
Account
Income Statement
Balance Sheet
Dr
Cr...
MATTHEWS LANES
Work Sheet
For Year Ended June 30
Account
Income Statement
Balance Sheet
Dr
Cr
Dr
Cr
Cash
11,275
Accounts receivable
1,750
Office supplies
800
Prepaid insurance
3,400
Scoring equipment
140,000
Accumulated depreciation –
scoring equipment
21,700
Salaries payable
800
Common stock
20,000
Retained earnings (unadjusted)
40,000
Dividends
46,425
Bowling revenue
138,075
Depreciation expense –
scoring equipment
10,825
Salaries expense
1,800
Insurance expense
1,200
Rent expense
1,600
Office supplies expense
400
Repairs expense
350
Telephone expense
750
Totals
16,925...
Appendix: Adjustment Data on an End-of-Period Spreadsheet
Alert Security Services Co. offers security services to business...
Appendix: Adjustment Data on an End-of-Period Spreadsheet
Alert Security Services Co. offers security services to business
clients. The trial balance for Alert Security Services Co. has been
prepared on the following end-of-period spreadsheet for the year
ended October 31, 20Y5. In addition, the data for year-end
adjustments are as follows:
Fees earned but not yet billed, $37.
Supplies on hand, $9.
Insurance premiums expired, $46.
Depreciation expense, $18.
Wages accrued but not paid, $18.
Enter the adjustment data and place...
Complete the worksheet by preparing the Income Statement and
Balance Sheet columns. Be sure to calculate...
Complete the worksheet by preparing the Income Statement and
Balance Sheet columns. Be sure to calculate the total debits and
credits in each step.
Caroline Eagle, CPA
Worksheet
December 31, 2018
Adjusted
Income
Trial Balance
Statement
Account Names
Debit
Credit
Debit
Credit
Cash
$46,500
Accounts Receivable
13,100
Office Supplies
200
Prepaid Rent
5,600
Land
5,000
Building
130,000
Accumulated Depreciation—Building
$1,100
Furniture
21,000
Accumulated Depreciation—Furniture
1,900
Accounts Payable
3,900
Utilities Payable
675
Salaries Payable
3,900
Interest Payable
900
Unearned Revenue
1,400...
Prepare a multiple-step income statement for Yazdy Company for
2020
DR.
CR.
Accounts Payable
26,000
Accounts...
Prepare a multiple-step income statement for Yazdy Company for
2020
DR.
CR.
Accounts Payable
26,000
Accounts Receivable
57,000
Accumulated Depreciation – Equipment
40,000
Depreciation Expense
13,000
Sales Revenue
250,000
Cash
25,000
Common Stock
50,000
Equipment
150,000
Investment in Debt Securities
45,000
Freight-out
5,000
Insurance Expense
2,500
Salaries and Wages expense
30,000
Rent Expense
20,000
Sales Discount
8,000
Retained Earnings
25500
Prepaid Insurance
7,500
Sales Return and Allowance
12,000
Gain on Disposal of Plant Asset
6,000
Dividends
7,000
Interest Expense
7,500...
Using the Adjusted Trial Balance below prepare an Income
Statement in proper form for the month...
Using the Adjusted Trial Balance below prepare an Income
Statement in proper form for the month ended August 31, 2018.
XYZ COMPANY
WORKSHEET
FOR THE MONTH ENDED AUGUST 31, 2018
ADJUSTED TRIAL BALANCE
ACCOUNT TITLES DEBIT ($) CREDIT ($)
Accumulated depreciation - Machinery
88,000.00
Accounts Payable 31,100.00
Accounts Receivable 27,800.00
Capital -Mr. Owner 23,600.00
Cash 56,820.00
Depreciation - Machinery 8,000.00
Insurance Expense 1,200.00
Interest Expense 200.00
Interest Income 800.00...
Bank Dr 16,062.92
Prepaid insurance Dr 500
Kitchen supplies Dr 2000
Office supplies Dr 200
Building...
Bank Dr 16,062.92
Prepaid insurance Dr 500
Kitchen supplies Dr 2000
Office supplies Dr 200
Building supplies DR 183.70
Furniture Dr 4500
Accumulated depreciation furniture Cr 375
Gst paid on purchases -
Wages payable Cr 1485.71
Interest payable Cr 200
Deductions payable Cr 1,280
Bank loan payable Cr 10,000
N.R capital Cr 5000
N.R withdrawals Dr 500
Revenue Cr 27,250
Wages expense Dr 9805.71
Training expense Dr 250
Supplies expense Dr 250
Depreciation expense Dr 375
Bookkeeper expense Dr 400...
The adjusted trail balance columns of the worksheet for auburn
company are as follows.
Auburn Company...
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...