Panasonic Refrigeration

Worksheet
For the month ended September 30, 2016
Unadjusted Trial Balance
Account Titles
Debit
Credit
Cash
30,600
Accounts Receivable
16,200
Office Supplies
7,950
Refrigeration Supplies
10,500
Prepaid Insurance
9,000
Office Equipment
60,000
Accumulated Depreciation - Office Equipt
12,000
Transport Equipment
90,000
Accumulated Depreciation - Transport Equipt
2,500
Accounts Payable
30,000
Salaries Payable
###
Unearned Rent
4,500
John Doe, Capital
146,750
Service Revenue
66,000
Rent Revenue
22,500
Salaries Expense
30,000
Office supplies expense
###
Refrigeration Supplies Expense
###
Rent Expense
30,000
Insurance expense
###
Depreciation - Office equipment
###
Depreciation - Transport equipment
Totals

284,250

284,250

Adjustments
Debit
Credit

Net Profit(Loss)
Totals
Required:

Journalize the adjusting entries as of Sept. 30, 2016

Extend the adjusted trial balances to income statement and balance sheet
Prepare the following financial statements
Income Statement (for the period ended September 30, 2016)
Balance Sheet (as of September 30, 2016)

Refrigeration
rksheet
ed September 30, 2016
Adjusted Trial Balance
Debit
Credit
30,600
23,700
5,650
6,000
6,000
60,000
16,000
90,000
5,000
35,000
4,200
3,300
146,750
72,200
25,000
34,200
2,300
4,500
35,000
3,000
4,000
2,500
304,950

ment and balance sheet columns

ember 30, 2016)

307,450

Income Statement
Debit
Credit

Balance Sheet
Debit
Credit