Work Sheet

Alfa Company
Particulars Unadjusted TB Adjustment Adjusted TB Income Statement
Dr Cr Dr Cr Dr Cr Dr Cr
Cash 5,400 5,400 -
Accounts Receivable 8,800 8,800 -
Prepaid Insuranc e 2,400 200 2,200 -
Supplies 1,300 300 1,000 -
Equipment 60,000 60,000 -
Notes Payable - 40,000 - 40,000
Accounts Payable - 2,400 - 2,400
Common Stock - 30,000 - 30,000
Dividends 1,000 1,000 -
Service Revenue - 10,900 - 10,900 10,900
Salaries Expenses 3,200 3,200 - 3,200
Utilities Expenses 800 800 - 800
Advertising Expenses 400 400 - 400
Adjustment
Insurance Expenses - 200 200 - 200
Supplies Expenses - 300 300 - 300
Depreciation Expenses - 900 900 - 900
Accumulated Depreciation - 900 - 900
Interest Expenses - 500 500 - 500
Interest Expenses Payable - 500 - 500
Net Profit 4,600

83,300 83,300 1,900 1,900 84,700 84,700 10,900 10,900

Balance Sheet
Dr Cr
5,400
8,800
2,200
1,000
60,000
40,000
2,400
30,000
1,000

900

500
4,600

78,400 78,400