Unadjusted | Adjustments | Adjsuted | Income statement | Balance sheet | ||||||
Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | |
Cash | $6,200 | $1,500 | $7,700 | $7,700 | ||||||
Accounts receivable | $10,100 | $1,000 | $11,100 | $11,100 | ||||||
Cleaning supplies | $1,800 | $1,400 | $400 | $400 | ||||||
Prepaid insurance | $4,800 | $200 | $4,600 | $4,600 | ||||||
Truck | $9,000 | $9,000 | $9,000 | |||||||
Accumulated depreciation - Truck | $350 | $350 | $350 | |||||||
Accounts payable | $6,000 | $6,000 | $6,000 | |||||||
Salaries payable | $700 | $700 | $700 | |||||||
Harry, capital | $18,000 | $1,500 | $19,500 | $19,500 | ||||||
Harry, withdrawls | 500 | $500 | $500 | |||||||
Service revenue | $10,500 | $1,000 | $11,500 | $11,500 | ||||||
Salaries expense | $1,700 | $700 | $2,400 | $2,400 | ||||||
Gas and oil expense | $400 | $400 | $400 | |||||||
Depreciation expense | $350 | $350 | $350 | |||||||
Insurance expense | $200 | $200 | $200 | |||||||
Supplies expense | $1,400 | $1,400 | $1,400 | |||||||
Total | $34,500 | $34,500 | $5,150 | $5,150 | $38,050 | $38,050 | $4,750 | $11,500 | $33,300 | $26,550 |
Net income | $6,750 | $6,750 | ||||||||
Total | $11,500 | $11,500 | $33,300 | $33,300 |
Calculations for Unadjusted Trial Balance:
Cash | |
Harry, capital | $18,000 |
Payment for truck | ($2,000) |
Insurance | ($4,800) |
Payment to accounts payable-Truck | ($2,000) |
Payment to accounts payable-cleaning supplies | ($800) |
Salaries | ($1,700) |
Collections from customers | $400 |
Paid for gas and oil | ($400) |
Withdrawals | ($500) |
Total | $6,200 |
Accounts receivable | |
Sales on account | $1,500 |
Collections | ($400) |
Sales on account | $9,000 |
Total | $10,100 |
Accounts payable | |
Purchase of truck | $7,000 |
Purchase of supplies | $1,800 |
Payment for truck | ($2,000) |
Payment for supplies | ($800) |
Total | $6,000 |
service revenue | |
Services on account | $1,500 |
Services on account | $9,000 |
Total | $10,500 |
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