Worksheet | ||||||||||
for the year ended Dec. 31 (amounts in $) | ||||||||||
unadjusted trial balance | adjustments | adjusted trial balance | income statement | Balance Sheet and statement of owners equity | ||||||
Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |
cash | 13500 | 13500 | 13500 | |||||||
accounts receivable | 21000 | 21000 | 21000 | |||||||
office supplies | 2800 | 1000 | 1800 | 1800 | ||||||
trucks | 290000 | 290000 | 290000 | |||||||
accumulated depreciation - trucks | 100000 | 7407 | 107407 | 107407 | ||||||
land | 130000 | 130000 | 130000 | |||||||
accounts payable | 21195 | 21195 | 21195 | |||||||
interest payable | 4000 | 4000 | 8000 | 8000 | ||||||
long-term notes payable | 50000 | 50000 | 50000 | |||||||
S Dylan capital | 230894 | 230894 | 304698 | |||||||
S Dylan withdrawals | 35000 | 35000 | 35000 | |||||||
delivery fees earned | 246915 | 246915 | 246915 | |||||||
depreciation expenses - truck | 30000 | 7407 | 37407 | 37407 | ||||||
salaries expenses | 103704 | 103704 | 103704 | |||||||
office supplies expense | 16000 | 1000 | 17000 | 17000 | ||||||
interest expense | 4000 | 4000 | 8000 | 8000 | ||||||
repairs expense - trucks | 7000 | 7000 | 7000 | |||||||
total | 653004 | 653004 | 12407 | 12407 | 664411 | 664411 | 173111 | 246915 | 491300 | 491300 |
net income | 73804 |
delivery fees earned | 246915 |
less expenses | |
depreciation expenses - truck | 37407 |
salaries expenses | 103704 |
office supplies expense | 17000 |
interest expense | 8000 |
repairs expense - trucks | 7000 |
net income | 73804 |
capital account at year end | amount ($) |
opening balance | 230894 |
net income | 73804 |
balance at the end | 304698 |
Revenue | 246915 | |
To income summary | 246915 | |
(close all income to income summary account) | ||
income summary | 173111 | |
To depreciation expenses - truck | 37407 | |
To salaries expenses | 103704 | |
To office supplies expense | 17000 | |
To interest expense | 8000 | |
To repairs expense - trucks | 7000 | |
(close all expense to income summary account) |
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of...
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31 a. Unrecorded depreciation on the trucks at the end of the year is $7682 b. The total amount of accrued interest expense at year-end is $8.000 c. The cost of unused office supplies still available at year-end is $1.500. 1. Use the above Information about the company's adjustments to complete a 10-column worksheet 2a. Prepare the year-end closing entries for Dylan Delivery...
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31. a. Unrecorded depreciation on the trucks at the end of the year is $8,231. b. The total amount of accrued interest expense at year-end is $8,000. c. The cost of unused office supplies still available at year-end is $700. 1. Use the above information about the company's adjustments to complete a 10-column work sheet. 2a. Prepare the year-end closing entries for Dylan...
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31 a. Unrecorded depreciation on the trucks at the end of the year is $7,682 b. The total amount of accrued interest expense at year-end is $8,000 c. The cost of unused office supplies still available at year end is $1,100, Book 1. Use the above information about the company's adjustments to complete a 10-column work sheet 20. Prepare the year-end closing entries...
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31. a. Unrecorded depreciation on the trucks at the end of the year is $9,602 b. The total amount of accrued interest expense at year-end is $8,000. c. The cost of unused office supplies still available at year-end is $1,500. 1. Use the above information about the company's adjustments to complete a 10-column work sheet. 2a. Prepare the year-end closing entries for Dylan...
LISE 4-12 Saved Help 1 The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31. es a. Unrecorded depreciation on the trucks at the end of the year is $7,682. b. The total amount of accrued interest expense at year-end is $8,000. c. The cost of unused office supplies still available at year-end is $1,100. kipped 1. Use the above information about the company's adjustments to complete a 10-column work sheet. 2a....
part1 part 2 part 3 Exercise 4-7 Preparing a work sheet and recording closing entries LO P1, P2 The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31 a. Unrecorded depreciation on the trucks at the end of the year is $40,000. b. The total amount of accrued interest expense at year-end is $6,000. C. The cost of unused office supplies still available at year-end is $2,000. 1. Use the above information...
1. & 2. 3. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Complete the work sheet following adjustment Complete the Adjusted Trial Balance columns of the work sheet. (Enter their balances in the correct Debit or Credit column of the Unadjusted Trial Balance columns.) Use the following adjustment information to complete the Adjustments columns of the work sheet a. Depreciation on equipment, $11 b. Accrued salaries, $7 c. The $15 of...
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Complete the work sheet following adjustment. Complete the Adjusted Trial Balance columns of the work sheet. (Enter their balances in the correct Debit or Credit column of the Unadjusted Trial Balance columns.) Use the following adjustment information to complete the Adjustments columns of the work sheet. Depreciation on equipment, $9 Accrued salaries, $13 The $29 of unearned revenue has been earned Supplies available...
Requirement 2. The accounts listed in the unadjusted trial balance, together with their unadjusted balances as of December 31, 2018 have been opened for you in T-account form. Post the adjusting entries to T-accounts using the adjustment letters (a, b, c, etc.) as posting references. Determine the ending balances for all T-accounts (including any that may not be affected by any of the adjusting entries) on December 31, 2018. Calculate each accounts balance and enter the balance, along with a...
Following are unadjusted balances along with year-end adjustments for Quinlan Company. Complete the adjusted trial balance by entering the adjusted balance for each of the following accounts. Adjusted Trial Balance Unadjusted Trial Balance Adjustments No. Account Title Dr. Cr. Dr. Cr. Dr. Cr. 10,000 Cash $ 10,000 101 106 Accounts receivable 126 Supplies 209 Salaries payable 301 B. Wells, Capital 403 Consulting 622 Salaries expense 652 Supplies expense 3,200 4,800 5,100 $ 2,700 600 0 11,000 13,000 4,800 revenue 600...