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JOHNSON DECORATING SERVICE

Unadjusted Trail Balance Adjustments Adjusted Trail Balance Income Statement Balance Sheet
31st July 2003 31st July 2003 31st July 2003 31st July 2003 31st July 2003
Account tittle Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
Cash at Bank Rs14,900 Rs14,900 Rs14,900
Trade debtors 1,200 1,200 1,200
Office Supplies Inventory 700 Rs275 425 425
Prepaid Insurance 900 75 825 825
Motor vehicle 21,000 21,000 21,000 Rs500
Office Equipment 6,000 6,000 6,000 100
Trade cretitors Rs6,700 Rs6,700 6,700
Unearned Service fees 400 400 400
Loan Payable 15,000 15,000 15,000
Mike jonson`s Capital 20,000 20,000 20,000
Service fees revenue 2,600 2,600 Rs2,600

Depriciation Expence Rs600 600 Rs600


Accomulate dep mot veh 500 500
Accomulate dep off sup 100 100
Interest expence 150 150 150
Interest payable 150 150 150
Fuel expence 240 240 240
Accured Fuel expence 1,065 1,065 1,065
Supplies Expence 275 275 275
Insurance Expence 75 75 75
Electricity expence 825 825 825
TOTAL Rs44,700 Rs44,700 Rs2,165 Rs2,165 Rs46,515 Rs46,515 Rs2,165 Rs2,600 Rs44,350 Rs43,915
Difference = 435 Difference = 435
JOHNSON DECORATING SERVICE
INCOME STATEMENT
31ST JULY 2003
Revenue

Service revenue RS= 2600

Less Expence
Depriciation expence 600
Interest expence 150
Fuel expence 240
Supplies expence 275
Insurance expence 75
Electricity expence 825
2165

Net Income RS = 435

JOHNSON DECORATING SERVICE


OWNER EQUITY STATEMENT
31ST JULY 2003

Owner Equity on 1st july 2003 RS= 20000

Add net income 435

Lesss Drawings 0

31st july Capital RS = 20435

JOHNSON DECORATING SERVICE


BALANCE SHEET
31ST JULY 2003
Cash at Bank RS= 14900
Trade debtors 1200
Office Supplies Inventory 425
Prepaid Insurance 825
Motor vehicle 20500
Office Equipment 5900

Total Assets RS= 43750

trade craditors 6700


unearned service fee 400
loan payable 15000
interest oayable 150
accured pxp payable 1065

johnson`s capital 20435

total liabilities + owner`s Equity RS= 43750


NP ENTERPRISES
Adjusted Trail Balance Income Statement Balance Sheet
31st December 2003 31st December 2003 31st December 2003
Account tittle Dr Cr Dr Cr Dr Cr
Cash Rs41,100 Rs41,100
Account Receivable 7,800 7,800
Buildings 180,000 144,000
Accumulated Depreciation Buildings Rs36,000
Golf Course Structures 270,000 180,000
Accumulated Depreciation Golf Course Structures 90,000
Accounts Payable 23,100 Rs23,100
Salaries Payable 6,900 6,900
Nock Palmer`s Capital 331,560 256,560
Nick Oalmer Drawing 75,000
Admissions Revenue 576,000 Rs576,000
Advertisinf Expense 45,000 Rs45,000
Rent Expense 108,000 108,000
Repair Expense 15,600 15,600
Salaries Expense 237,000 237,000
Light and Power Expence 13,500 13,500
Depreciation Expence Building 18,000 18,000
Depreciation Expence Golf Course Structures 45,000 45,000
Insurance Expence 7,560 7,560

TOTAL Rs1,063,560 Rs1,063,560 Rs489,660 Rs576,000 Rs372,900 Rs286,560


Difference = 86340 Difference = 86340
NP ENTERPRISES
INCOME STATEMENT
31ST December 2001
Revenue

Admissions revenue RS= 576000

Less Expence
Advertising expence 45000
Rent expence 108000
Repair expence 15600
Salaries expence 237000
Light and Power expence 13500
Depticiatins expence Building 18000
Depticiatins expence Golf Course Structures 45000
Insurance Expence 7560
489660

Net Income RS = 86340

NP ENTERPRISES
OWNER EQUITY STATEMENT
31ST December 2001

Owner Equity on 31 December 2000 RS= 331560

Add net income 86340

Lesss Drawings 75000

31st December Capital RS = 342900

NP ENTERPRISES
BALANCE SHEET
31ST December 2001
Cash RS= 41100
Accounts Receivable 7800
Buildings 144000
Golf Course Structures 180000

Total Assets RS= 372900

Accounts Payable 23100


Salaries Payable 6900

johnson`s capital 342900

total liabilities + owner`s Equity RS= 372900

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