FISH ENTERPRISES

TRIAL BALANCE
FOR THE YEAR ENDED DECEMBER 31, 2018

Unadjusted Trial Balance

Sum of Credits DR CR
CR Cash 12,000.00
Accounts receivable 40,000.00
120,000.00 Allowance for doubtful accounts 1,800.00
Note Recl 7,000.00
Interest Receivable
50,000.00 Supplies 54,000.00
#REF! Prepaid insurance 4,800.00
Prepaid Rent
FE 125,000.00
28,800.00 AD-fe 15,000.00
Accounts payable 10,800.00
Salaries Payable
2,000.00 Fish, Capital 99,000.00
Service Income 204,000.00
Interest Revenue
30,000.00 salaries expense 50,000.00 -
Utilities Expense 25,000.00 -
1,000.00 Rent Expense 12,800.00 -
Insurance Expense -
500.00 Bad Debts expense -
Depreciation Expense -
590.00 -
28,910.00 -
-
3,000.00 -
#REF! -
-
1,200.00 -
-
2,500.00 -
Totals 0 330,600.00 330,600.00
Profit 0
35,000.00 Totals
0
1,500.00 FISH ENTERPRISES
INCOME STATEMENT
FOR THEYEAR ENDED 12/31/2018
90,000.00
SERVICE INCOME 204,000.00
INTERST REVENUE 560
5,000.00 TOTAL REVENUE 204,560.00
OPERATING EXPENSES
salaries expense 55,800.00
Utilities Expense 25,000.00
350.00 Rent Expense 7,400.00
Insurance Expense 2,000.00
Bad Debts expense 2,040.00
Depreciation Expense 15,000.00 107,240.00
NET INCOME 97,320.00

FISH ENTERPRISES
STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2018
ASSETS LIABILITIES AND OE
Cash 12,000.00 Accounts payable
Accounts receivable 40,000.00 Salaries Payable
Allowance for doubtful acco (3,840.00) TOTAL LIAB.
Note Recl 7,000.00
Interest Receivable 560.00 Fish, Capital
Supplies 54,000.00
Prepaid insurance 2,800.00
Prepaid Rent 5,400.00
FE 125,000.00
AD-fe (30,000.00)
TOTAL ASSETS 212,920.00 TOTAL L AND OE
 Adjustments Adjusted Trial Balance Income Statement
DR CR DR CR DR CR
- - 12,000.00
- - 40,000.00
- 2,040.00 3,840.00
- 7,000.00
560.00 560.00
- 54,000.00
2,000.00 2,800.00
5,400.00 5,400.00
- - 125,000.00
- 15,000.00 30,000.00
- - 10,800.00
5,800.00 5,800.00
- - 99,000.00
- - 204,000.00 204,000.00
- 560.00 560.00 560.00
5,800.00 55,800.00 55,800.00
25,000.00 - 25,000.00
5,400.00 7,400.00 7,400.00
2,000.00 2,000.00 2,000.00
2,040.00 2,040.00 2,040.00
15,000.00 15,000.00 15,000.00
- -
- -
- -
- -
- - - -
- - - -
- - - -
- - - -
- - - -
30,800.00 30,800.00 354,000.00 354,000.00 107,240.00 204,560.00
97,320.00
204,560.00 204,560.00

Adjusting entries

A. Insurance Expense 2,000

Unexpired Insurance 2,000

b. Bad debts Expense 2,040

Allowance for bad debte 2,040

c. Depreciation Expense 15,000

Accumulated Depreciation - FE 15,000

d Interest Receivable 560

Interest Revenue 560

e. Prepaid rent 5,400

Rent Expense 5,400

f. Salaries expense 5,800

Salaries Payable 5,800
TIES AND OE
10,800.00
5,800.00
16,600.00

196,320.00

212,920.00
 Balance Sheet
DR CR
12,000.00
40,000.00
- 3,840.00
7,000.00
560.00
54,000.00
2,800.00
5,400.00
125,000.00
30,000.00
10,800.00
5,800.00
99,000.00

-
-
-
-
-

246,760.00 149,440.00
97,320.00
246,760.00 246,760.00