Question

Unadjusted Adjustments Adjsuted Income statement Balance sheet Credit Debit Debit Credit Debit Debit Credit Debit Credit Credit Cash $1,500 $1,000 $6200 $7,700 S7,700 Accounts receivable $10,100 S11,100 $11,100 Cleaning supplies Prepaid insurance $1,400 $400 S1,800 S400 $4,600 $4,800 S9,000 $200 S4,600 S9,000 Truck $9,000 S350 Accumulated depreciation- Truck Accounts payable Salaries payable Напу, саpital Harry, withdrawls $350 S350 S6,000 $6,000 S6,000 $700 S700 S700 S19,500 S19,500 $18,000 $1,500 $500 500 $500 Service revenue $10,500 $1,000 Si1,500 $11,500 S1,700 Salaries expense $700 $2,400 $2400 Gas and oil expense Depreciation expense Insurance expense S400 $400 $400 $350 S350 $350 $200 $200 $200 Supplies expense S1,400 S1,400 S1400 Total S34,500 S34,500 s5,150 S5,150 $38,050 S38,050 S4,750 S11,500 S33,300 S26,550 S6,750 56,750 Net income Total SI1,500 S11,500 S33,300 S33,300 Calculations for Unadjusted Trial Balance Cash Напу, саpital Payment for truck $18,000 (S2,000) Insurance (S4,800) Payment to accounts payable-Truck Payment to accounts payable-cleaning supplies (S800) ($2,000) Salaries ($1,700) Collections from customers $400 Paid for gas and oil (S400) (S500) S6,200 Withdrawals Total Accounts receivable Sales on account $1,500 Collections (S400) $9,000 Sales on account Total S10,100 Accounts payable Purchase of truck $7,000 Purchase of supplies Payment for truck Payment for supplies $1,800 (S2,000) (S800) Total $6,000 ser revenue Services on account $1,500 Services on account $9,000 $10,500 Total

Answer 1

Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!

Harry, Capital
Income Statement	Amount $
Service Revenue	11,500.00
Net Revenue	11,500.00
Less: Expenses
Salaries Expense	2,400.00
Gas and Oil Expense	400.00
Depreciation Expense	350.00
Insurance Expense	200.00
Supplies Expense	1,400.00
Net Income	6,750.00
Owners Equity Statement
Harry, Capital	19,500.00
Add: Net Income	6,750.00
Less: Harry, Drawings	500.00
Closing balance	25,750.00
Balance Sheet	Amount $	Amount $
Assets
Current Assets
Cash	7,700.00
Accounts Receivable	11,100.00
Cleaning Supplies	400.00
Prepaid Insurance	4,600.00
Total Current Assets		23,800.00
Plant Property & Equipment
Truck	9,000.00
Accumulated Depreciation- Truck	(350.00)	8,650.00
Total Assets		32,450.00
Liabilities
Current Liabilities
Accounts payable	6,000.00
Salaries Payable	700.00
Total Current Liabilities		6,700.00
Total Liabilities		6,700.00
Owner's Equity		25,750.00
Total Liabilities & Owner's Equity		32,450.00