Maha and company

work sheet
for the year ended dec 31 2002
trial balance adjustment adj-trial balance
Particulars P/R Dr Cr Dr Cr Dr Cr
cash 26,000 26,000
office supplies 14,000 8,000 6,000
prepaid rent 24,000 18,000 6,000
equipment 36,000 36,000
salary exp 20,000 5,000 15,000
insurance exp 16,000 4,000 20,000
allowance for dep 10,000 5,400 15,400
capital 50,000 50,000
commission income 76,000 3,000 5,000 78,000
commission receivable 5,000 5,000
unearned commission 3,000 3,000
rent exp 18,000 18,000
accrued insurance 4,000 4,000
office supplies exp 8,000 8,000
depreciation exp 5,400 5,400
prepaid salary 5,000 5,000

net profit
136,000 136,000 48,400 48,400 150,400 150,400
Maha AND COMPAY
INCOME STATEMENT
for the year ended dec 31 2002
commission income 78,000
less expense
salary exp 15,000
insurance exp 20,000
rent exp 18,000
office supplies exp 8,000
depreciation exp 5,400
Total expense 66,400
net income 11,600

Maha AND COMPAY

balance sheet
as on Dec 31 2002
assets Libilities +owaner 's equity
current assets Liabilities
cash 26,000 Unearned commission 3,000
office supplies 6,000 accrued insurance 4,000
prepaid rent 6,000 total liabilites
commission receivable 5,000 owaner equity
prepaid salary 5,000 capital 50,000
total current assets 48,000 add net income 11,600
Non current assets total owaner equity
equipment 36,000
less allowance for dep (15,400)
Non current assets 20,600
68,600
 income statement balance sheet
Dr Cr Dr Cr
26,000
6,000
6,000
36,000
15,000
20,000
15,400
50,000
78,000
5,000
3,000
18,000
4,000
8,000
5,400
5,000
66,400 78,000
11,600 11,600
78,000 78,000 84,000 84,000

's equity

7,000
61,600

68,600
 Khaleel and company
work sheet
for the year ended dec 31 1992
trial balance adjustment adj-trial balance
Particulars P/R Dr Cr Dr Cr Dr Cr
cash 10,000 10,000
A/c receivable 2,000 7,000 9,000
Prepaid adveristing 5,200 5,200
office supplies 1,200 720 480
equipment 3,000 3,000
notes payable 1,500 1,500
Capital 6,600 6,600
Drawing 2,000 2,000
revenue from service 23,000 7,000 30,000
salary exp 5,600 4,400 10,000
rent exp 1,500 375 1,125
insurance exp 500 500
Repair exp 100 100
prepaid rent 375 375
office supplies exp 720 720
salary payable 4,400 4,400
depreciaton exp 600 600
allow for dep 600 600

net profit
31,100 31,100 13,095 13,095 43,100 43,100
Maha AND COMPAY
INCOME STATEMENT
for the year ended dec 31 2002
commission income 78,000
less expense
salary exp 15,000
insurance exp 20,000
rent exp 18,000
office supplies exp 8,000
depreciation exp 5,400
Total expense 66,400
net income 11,600

Maha AND COMPAY

balance sheet
as on Dec 31 2002
assets Libilities +owaner 's equity
current assets Liabilities
cash 10,000 Unearned commission 3,000
office supplies 480 accrued insurance 4,000
prepaid rent #REF! total liabilites
commission receivable 5,000 owaner equity
prepaid salary 5,000 capital 50,000
total current assets #REF! add net income 11,600
Non current assets total owaner equity
equipment 36,000
less allowance for dep (15,400)
Non current assets 20,600
#REF!
 income statement balance sheet
Dr Cr Dr Cr
10,000
9,000
5,200
480
3,000
1,500
6,600
2,000
30,000
10,000
1,125
500
100
375
720
4,400
600
600

13,045 30,000
16,955 16,955
30,000 30,000 30,055 30,055

's equity
 7,000

61,600

68,600
 Khaleel and company
work sheet
for the year ended dec 31 1992
trial balance adjustment adj-trial balance
Particulars P/R Dr Cr Dr Cr Dr Cr
cash 30,000
A/c receivable 20,000
allowance for bad debts 200
Furniture 60,000
allowamce for depreciation 6,400
capital 119,800
office supplies 6,000
sales 200,000
cost of goods sold 160,000
rent exp 20,000
Prepaid adveristing 10,000
salary exp 20,000
Repair exp

net profit
326,200 326,200 0 0 0 0
Maha AND COMPAY
INCOME STATEMENT
for the year ended dec 31 2002
commission income 78,000
less expense
salary exp 15,000
insurance exp 20,000
rent exp 18,000
office supplies exp 8,000
depreciation exp 5,400
Total expense 66,400
net income 11,600

Maha AND COMPAY

balance sheet
as on Dec 31 2002
assets Libilities +owaner 's equity
current assets Liabilities
cash 0 Unearned commission 3,000
office supplies 0 accrued insurance 4,000
prepaid rent #REF! total liabilites
commission receivable 5,000 owaner equity
prepaid salary 5,000 capital 50,000
total current assets #REF! add net income 11,600
Non current assets total owaner equity
equipment 36,000
less allowance for dep (15,400)
Non current assets 20,600
#REF!
 income statement balance sheet
Dr Cr Dr Cr

0 0
0 0
0 0 0 0

's equity
 7,000

61,600

68,600
 Khaleel and company
work sheet
for the year ended dec 31 1992
trial balance adjustment adj-trial balance
Particulars P/R Dr Cr Dr Cr Dr Cr
cash 30,000
A/c receivable 90,000
allowance for bad debts 1,000
Merchandise inventory 60,000
Prepaid insurance 6,000
building 230,000
allowamce for depreciation 30,000
a/c payable 71,000
capital 250,000
Drawing 20,000
sales 343,000
sales return and allowance 3,000
commission inocme 72,000
cost of goods sold 230,000
salary exp 50,000
rent exp 30,000
supplies exp 16,000

net profit
766,000 766,000 0 0 0 0
Maha AND COMPAY
INCOME STATEMENT
for the year ended dec 31 2002
commission income 78,000
less expense
salary exp 15,000
insurance exp 20,000
rent exp 18,000
office supplies exp 8,000
depreciation exp 5,400
Total expense 66,400
net income 11,600

Maha AND COMPAY

balance sheet
as on Dec 31 2002
 assets Libilities +owaner 's equity
current assets Liabilities
cash 0 Unearned commission 3,000
office supplies 0 accrued insurance 4,000
prepaid rent #REF! total liabilites
commission receivable 5,000 owaner equity
prepaid salary 5,000 capital 50,000
total current assets #REF! add net income 11,600
Non current assets total owaner equity
equipment 36,000
less allowance for dep (15,400)
Non current assets 20,600
#REF!
 income statement balance sheet
Dr Cr Dr Cr

0 0
0 0
0 0 0 0
's equity

7,000

61,600

68,600