Question

Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account Dr. No. Account Titles 101 Cash 112 Accounts Receivable 126 Supplies 130 Prepaid Insurance 151 Office Equipment 152 Accum Depreciation-Office Equipment 200 Notes Payable 201 Accounts Payable 212 Salaries Payable 230 Interest Payable 311 Common Stoclk 320 Retained Earnings 332 Dividends 400 Service Revenue 610 Advertising Expense 631 Supplies Expense 711 Depreciation Expense 722 Insurance Expense 726 Salaries Expense 905 Interest Expense r. 8,100 10,800 1,500 2,000 24,000 5,600 15,000 6,100 2,400 600 10,000 5,800 7,000 61,000 8,400 4,000 5,600 3,500 31,000 600 Totals 106,500 106,500 Instructions (a) Complete the worksheet by extending the balances to the financial statement columns

Answer 1

Worksheet
For the year ended December 31, 2017
	Unadjusted Trial Balance		Income Statement		Balance sheet
Accounts	Debit	Credit	Debit	Credit	Debit	Credit
Cash	$          8,100.00				$    8,100.00
Accounts receivables	$       10,800.00				$ 10,800.00
Supplies	$          1,500.00				$    1,500.00
Prepaid Insurance	$          2,000.00				$    2,000.00
Equipment	$       24,000.00				$ 24,000.00
Accumulated depreciation-Equip		$        5,600.00				$        5,600.00
Notes payable		$      15,000.00				$      15,000.00
Accounts payable		$        6,100.00				$        6,100.00
Salaries payable		$        2,400.00				$        2,400.00
Interest payable		$            600.00				$            600.00
Common stock		$      10,000.00				$      10,000.00
Retained earnings		$        5,800.00				$        5,800.00
Dividends	$          7,000.00				$    7,000.00
Revenue		$      61,000.00		$ 61,000.00
Advertising expenses	$          8,400.00		$       8,400.00
Supplies expense	$          4,000.00		$       4,000.00
depreciation expense	$          5,600.00		$       5,600.00
insurance expense	$          3,500.00		$       3,500.00
salaries expense	$       31,000.00		$     31,000.00
Interest expense	$             600.00		$           600.00
TOTALS	$    1,06,500.00	$ 1,06,500.00	$     53,100.00	$ 61,000.00	$ 53,400.00	$      45,500.00
Net income			$       7,900.00			$        7,900.00
TOTALS	$    1,06,500.00	$ 1,06,500.00	$     61,000.00	$ 61,000.00	$ 53,400.00	$      53,400.00