ALBANESE COMPANY, SpA

Worksheet (partial)
For the Month Ended April 30, 2017
Adjusted Trial Balance Income Statement Statement of
Financial Position
Account Titles Dr Cr Dr Cr Dr Cr
Cash 7,442 7,442
Account Receivable 7,840 7,840
Prepaid Rent 2,280 2,280
Equipment 23,000 23,000
Accumulated Depreciated - 4,800
Equipment 4,800
Notes Payable 5,700 5,700
Accounts Payable 5,672 5,672
Share Capital - Ordinary 22,000 22,000
Retained Earnings 4,000 4,000
Dividends 3,000 3,000
Service Revenue 12,590 12,590
Salaries & Wedges Expense 9,840 9,840
Rent Expense 760 760
Depreciation Expense 600 600
Interest Expense 57 57
Interest Payable 57 57
Totals 54,819 54,819 11,257 12,590 43,562 42,229
Net Income 1,333 1,333
Totals 12,590 12,590 43,562 43,562
 ALBANESE COMPANY , SpA
Income Statements
For the month ended April 30, 2017

Revenue
Service Revenue 12,590

Expense
Salaries & Wages Ex 9,840
Rent Expense 760
Depreciation Expense 600
Interest Expense 57

Total Expense (11,257)

Net Income 1,333

E 4-2
 ALBANESE COMPANY
Retained Earnings Statements
for the month ended April 31, 2017

Retained 1 April, 2017 4,000 ASSETS

add: net income 1,333 Land, Property, Equipment
5,333 Equipment
less: dividend (3,000) Accumulated Depr - Equip
Retained 30 April, 2017 2,333
Current Asset
EQUITY AND LIABILITIES Prepaid Rent
Equity Account Receivable
Share Capital - Ordinary 22,000 Cash
Retained Earning 2,333
24,333
Current Liabilities
Note Payable 5,700
Account Payable 5,672
Interest Payable 57
11,429
35,762
ASSETS

23,000
4,800
18,200

2,280
7,840
7,442
17,562
35,762
 GENERAL JOURNAL J15
Date Account Titles Ref Debit Credit
31-Jul Service Revenue 400 64,000
Rent Revenue 429 6,500
Income Summary 350 70,500
31-Jul Income Summary 350 74,300
Depreciation Expense 711 3,700
Salaries and Wages Expense 726 55,700
Utilities Expense 732 14,900
31-Jul Retained Earnings 320 3,800
Income Summary 350 3,800
31-Jul Retained Earnings 320 12,000
Dividends 332 12,000

Retained Earnings No. 320

Date Explanation Ref Debit Credit
31-Jul Balance
31 Close net loss J15 3,800
31 Close dividends J15 12,000

Income Summary No. 350

Date Explanation Ref Debit Credit
31-Jul Close revenue J15 70,500
31 Close expenses J15 74,300
31 Close net loss J15 3,800
 E 4-8 WINDSOR COMPANY, LTD
Post Closing Trial Balance
31-Jul-17
Debit
Cash £ 9,840
Account Receivable 8,140
Equipment 15,900
Accumulated Depreciation-Equipment
Account Payable
Unearned Rent Revenue
Share Capital-Ordinary
Retained Earnings
33,880

No. 320
Balance
20,260
16,460
4,460

No. 350
Balance
70,500
(3,800)
0
Credit

£ 5,400
2,220
3,800
18,000
4,460
33,880
 PATEL BOWLING ALLEY, LTD E 4-14
Statement of Financial Position
31-Dec-17
Assets
Buildings, land, and equipment
Buildings 128,000
Land 67,000
Equipment 62,400
Less : Accumulated Depreciation - Equipment 18,720
Less : Accumulated Depreciation - Buildings 42,600
Total 196,080
Current Asset
Cash 18,040
Account Receivable 7,540
Prepaid Insurance 4,680
Total Current Assets 30,260
Total Assets 226,340
Equity and Liabilities
Equity
Share Capital - Ordinary 80,000
Retained Earnings 36,440
Total Equity 116,440
Current Liabilities
Accounts Payable 12,300
Notes Payable 95,000
Interest Payable 2,600
Total Current Liabilities 109,900
Total Equity and Liabilities 223,340
 HERCULES POIROT, P.I., SA
Worksheet
For the quarter ended March 31, 2017

Trial Balance Adjustments Adjusted Trial Balance

Account Titles Debit Credit Debit Credit Debit

Cash 11,410 11,410
Account Receivable 5,920 5,920
Supplies 1,250 750 500
Prepaid Insurance 2,400 600 1,800
Equipment 15,000 15,000
Notes Payable 10,000
Accounts Payable 7,350
Share Capital - Ordinary 14,000
Dividends 600 600
Service Revenue 10,200
Salaries and Wages Expense 2,240 2,240
Travel Expense 1,300 1,300
Rent Expense 1,200 1,200
Miscellaneous Expense 230 230
41,550 41,550
Supplies Expense 750 750
Insurance Expense 600 600
Depreciation Expense 510 510
Accumulated Depreciation-
Equipment 510
Interest Expense 150 150
Interest Payable 150
Totals 2,010 2,010 42,210

Net Income
Totals
510 depreciation from 3/4 x 680
P.I., SA

arch 31, 2017

Adjusted Trial Balance Income Statement Statement of Financial

Position P 4 -1A
Credit Debit Credit Debit Credit
11,410
5,920
500
1,800
15,000
10,000 10,000
7,350 7,350
14,000 14,000
600
10,200 10,200
2,240
1,300
1,200
230

750
600
510

510 510
150
150 150
42,210 6,980 10,200 35,230 32,010

3,220 3,220
10,200 10,200 35,230 35,230
 WATSON COMPANY, LTD
Worksheet
For the Year Ended December 31, 2017
Adjusted Trial Statements of
Balance Income Statements Financial Position
Account Account Titles Debit Credit Debit Credit Debit
No
101 Cash 17,800 17,800
112 Account Receivable 14,400 14,400
126 Supplies 2,300 2,300
130 Prepaid Insurance 4,400 4,400
157 Equipment 46,000 46,000

158 Accumulated Depreciation - Equipment 18,000

200 Notes Payable 20,000
201 Account Payable 8,000
212 Salaries and Wages Payable 2,600
230 Interest Payable 1,000
311 Share Capital - Ordinary 15,000
320 Retained Earnings 9,800
332 Dividends 12,000 12,000
400 Service Revenue 86,200 86,200
610 Advertising Expense 10,000 10,000
631 Supplies Expense 3,700 3,700
711 Depreciation Expense 6,000 6,000
722 Insurance Expense 4,000 4,000
726 Salaries and Wages Expense 39,000 39,000
905 Interest Expense 1,000 1,000
Totals 160,600 160,600 63,700 86,200 96,900

Net Income 22,500

Totals 86,200 86,200 96,900
 P 4-2 A

Statements of
Financial Position
Credit

18,000
20,000
8,000
2,600
1,000
15,000
9,800

74,400

22,500
96,900
 TERESINA AMUSEMENT PARK, SA
Worksheet
For the Year Ended September 30, 2017
Trial Balance Adjusted Trial Balance Income Statements

Debit Credit Debit Credit Debit

Cash 34,400 34,400
Supplies 18,600 2,200
Prepaid Insurance 29,900 10,900
Land 80,000 80,000
Equipment 120,000 120,000
Accumulated Depreciation -
Equipment 36,200 42,200
Accounts Payable 14,600 14,600
Unearned Ticket Revenue 3,900 1,000
Mortgage Payable 50,000 50,000
Share Capital - Ordinary 60,000 60,000
Retained Earnings 36,100 36,100
Dividends 14,000 14,000
Ticket Revenue 277,900 280,800
Salaries and Wages Expense 98,000 98,000 98,000
Maintenance and Repairs
Expense 30,500 30,500 30,500
Advertising Expense 9,400 9,400 9,400
Utilities Expense 16,900 16,900 16,900
Property Tax Expense 21,000 24,000 24,000
Interest Expense 6,000 8,000 8,000
Totals 478,700 478,700
Insurance Expense 19,000 19,000
Supplies Expense 16,400 16,400
Interest Payable 2,000
Depreciation Expense 6,000 6,000
Property Tax Payable 3,000
Totals 489,700 489,700 228,200

Net Income 52,600

Totals 280,800
 P 4-4 A

Statement of Financial
Income Statements
Position
Credit Debit Credit
34,400
2,200
10,900
80,000
120,000

42,200
14,600
1,000
50,000
60,000
36,100
14,000
280,800

2,000

3,000
280,800 261,500 208,900

52,600
280,800 261,500 261,500
 INFO CABLE, LTD P 4-6 A
Trial Balance
30-Apr-17
Debit Credit
Cash 4,100 1
Accounts Receivable 3,200
Supplies 800
Equipment 10,600 2
Accumulated Depreciation -
Equipments 1,250
Accounts Payable 2,100
Salaries and Wages Payable 700 3
Unearned Service Revenue 890
Share Capital - Ordinary 10,000
Retained Earnings 2,880
Service Revenue 5,450 4
Salaries and Wages Expense 3,300
Advertising Expense 480
Miscellaneous Expense 290 5
Depreciation Expense 500
23,270 23,270

CORRECT TRIAL BALANCE

INFO CABLE, LTD
Trial Balance
30-Apr-17
Debit Credit
Cash 3,767
Account Receivable 3,560
Supplies 490
Equipment 10,758
Accumulated Depreciation -
Equipment 1,250
Accounts Payable 2,100
Unearned Service Revenue 890
Share Capital - Ordinary 10,000
Retained Earnings 2,880
Service Revenue 5,450
Salaries and Wages Expense 2,600
Advertising Expense 555
Miscellaneous Expense 215
Depreciation Expense 500
Maintenance Expense 125
22,570 22,570
 INCORRECT ENTRY CORRECT ENTRY
Debit Credit
Accounts receivable 950 Accounts receivable
Cash 950 Cash

Miscellaneous expense 75 Advertising expense

Cash 75 Cash

Salaries expense 1850 Salaries expense

Cash 1850 Salaries payable
Cash

Supplies 310 Equipment

Account payable 310 Account payable

Equipment 152 Maintenance repair expense

Cash 152 Cash
 CORRECTING ENTRY
Debit Credit Debit Credit
590 Accounts Receivable 360
590 Cash 360

75 Advertising expense 75

75 Miscellaneous expense 75

1150 Salaries payable 700

700 Salaries expense 700
1850

310 Equipment 310

310 Supplies 310

125 Maintenance repair expense 125

125 Cash 27
Equipment 152