LOU BERNARDO COMPANY

WORKSHEET
FOR OCTOBER 31,2021
TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BAL ANCE
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Cash 84,000 84,000
Accounts Receivabe 19,800 19,800
Notes Receivable 13,200 13,200
MerchandisInventory 82,500 82,500
Prepaid Insurance 4,000 4,000
Office Supplies 10,000 1,000 10,000
Delivery Equipment 75,000 5,000 75,000
Accumulated Dep. 18,000 6,000 24,000
Furniture and Fix. 60,000 60,000
Accumulated Dep. 15,000 7,500 22,500
Acc.Payable 15,000 15,000
Notes Payable 35,000 35,000
L, .Capital 108,000 108,000
Sales 750,000 750,000
Sales Returnand All. 65,000 65,000
Purchases 375,000 375,000
Pur. Ret.and All. 30,000 30,000
Freight-in 4,000 4,000
Com.Expense 60,000 60,000
Rent Expense 100,000 12,000 100,000
Utilities Expense 12,500 12,500
Delivery Expense 6,000 6,000
Total 971,000 971,000
All.for doubtful acc. 3,000 3,000
Com.Payable 12,000 12,000
Dep.Exp.-FDelivery 6,000 6,000
Dep.Exp.-Fur.andFix 7,500 7,500
Supplies Expense 5,000 5,000
Insurance Expense 1,000 1,000
Doubtful Expense 3,000 3,000
34,500 34,500 999,500 999,500

Net Income
LOU BERNARDO COMPANY
WORKSHEET
FOR OCTOBER 31,2021
INCOME STATEMENT BALANCE SHEET
DEBIT CREDIT DEBIT CREDIT
84,000
19,800
13,200
82,000 100,000 100,000
3,000
5,000
75,000

24,000
60,000
22,500
15,000
35,000
750,000 108,000
65,000
375,000
30,000
4,000
60,000
100,000
12,500
6,000

6,000
7,500
5,000
1,000
3,000
739,500 880,000 360,000 219,500
140,500 140,500
880,000 880,000 360,000 360,000