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Exercise

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12 views

Exercise

Uploaded by

abbasahmer734
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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Account Name Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 104400
investment 11000
Accounts Receivable 3600
building 69000
plant and equipment 97500
purchases 63000
prepaid insurance 20,000
Accumulated Depreciation 6000
Accounts Payable 1500
Salaries Payable 12000
Unearned Revenue 13500
Equity 123000
retained earnings 27000
loan 47200
sales 99000
Service Revenue 28500
dividend
Interest expense 2000
Service Revenue 28500
Supplies Expense 1000
Depreciation Expense 3000
Salaries Expense 10800
Utility Expense 900
rent expense
net profit
Totals 386200 386200
depreciation building 10%
plant and equipment 15%
dividend received 10000
additional salaries expense 17000
Account and salary payable were matured during the month.
Sales 10000. 50% received in cash
rent paid during the month 3100
further utility expenses
further salaries paid 4000
interest on lean paid @12.5%

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