Worksheet

For the Year Ended Dec 31, 2021

Unadjusted Trial Balance Adjustments
Accounts Debit Credit Debit
Cash 45,000
Notes Receivable 360,000
Accounts Receivable 156,000
Interest Receivable 24,000
Office Supplies 63,000
Land 300,000
Building 1,590,000
Accumulated Depreciation-Building 254,000
Equipment 2,150,000
Accumulated Depreciation-Equipment 612,000
Salaries Payable
Accounts Payable 213,000
Unearned Consulting Revenues 450,000 150,000
Santiago, Capital, 1/1/2021 2,655,000
Santiago, Withdrawals 600,000
Interest Income
Consulting Revenues 2,108,000
Office Supplies Expense 42,000
Depreciation Expense-Building 38,000
Depreciation Expense-Equipment 123,000
Salaries Expense 875,000 14,000
Repairs Expense 116,000
Miscellaneous Expense 37,000
Totals 6,292,000 6,292,000 391,000
Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Credit Debit Credit Debit Credit Debit
45,000 45,000
360,000 360,000
156,000 156,000
24,000 24,000
42,000 21,000 21,000
300,000 300,000
1,590,000 1,590,000
38,000 292,000
2,150,000 2,150,000
123,000 735,000
14,000 14,000
213,000
300,000
2,655,000
600,000 600,000
24,000 24,000 24,000
150,000 2,258,000 2,258,000
42,000 42,000
38,000 38,000
123,000 123,000
889,000 889,000
116,000 116,000
37,000 37,000
391,000 6,491,000 6,491,000 1,245,000 2,282,000 5,246,000
1,037,000
2,282,000 2,282,000 5,246,000
Balance Sheet
Credit

292,000

735,000
14,000
213,000
300,000
2,655,000

4,209,000
1,037,000
5,246,000