Worksheet

Account titles Trial balance Adjustments trial balance

34400
2200
Cash 34400 10900
Supplies 18600 80000
prepaid insurance 29900 120000
Land 80000
equiptment 120000
Accumulated depreciation 36200 42200
Accounts payable 14600 14600
Unearned ticket revenue 3900 1000
Mortgage payable 50000 50000
Share capital 60000 60000
Retained earnings 36100 36100
Dividends 14000 14000
Ticket revenue 277900 280800
Salaries and wage payable 98000 98000
Maintenance and repair 30500 30500
advertising expense 9400 9400
Utilities expense 16900 16900
Property tax expense 21000 24000
Interest expense 6000 8000
Totals 478700 478700
Insurance expense 19000
Supplies expense 16400
Interest payable 2000
Depreciation expense 6000
Property tax payable 3000
Totals 489700 489700
Income statement

280800
98000
30500
9400
16900
24000
8000

19000
16400
6000

228200 280800
52600
280800 280800
Statement of financial position
34400
2200
10900
80000
120000
42200
14600
1000
50000
60000
36100

14000

2000

3000
261500 208900
52600
261500 261500