0 0

Asset Liablity Equity

-300000
750000 100000 210000
-320000 40000
420000 140000 560000
450000 0 -220000 670000 670000

450000

Cash 179300

Accounts Recievable 65300

Rent receivable 59000

Prepaid Insurance 27900

Property and Equipment 172450

Accounts Payable 51000

Accrued Expense 27500

Income taxes payable 16800

Emmy Capital 74700

Service Revenue 266900
Rent Revenue 116500

Interest revenue 96600

Utilities Expense 77800
Advertising Expense 46400
Income Tas Expense 22650
-800
650000 650000

debit credit
1000 #VALUE!
General Ledger

Cash Accounts Receivable Furnitures and Fixtures

10000 370 4250 4250 3000
1900 3000 3400
3200 8000
4250

7980 3400 3000

Accounts Payable
8000
1500

9500

Mr gray Capital
10000
3200

13200

Tax and Licences

370

370

Service Revenue
1900
4250
3400

9550
 65

FAR 70 70 100%
AFAR 70 70 100%
TAX 70 70 100%
MAS 70 70 100%
AUDIT 70 44 63%
LAW 100 64 64%
527%
88% 75%

May-19 3years
May-22 16
 Trial Balance

and Fixtures Service Equipment Service supplies Cash

16000 1500 Accounts Receivable
Furnituress and Fixtures
Service Equipment
Service Supplies

Accounts Payable

Mr Gray Capital
16000 1500
Service Revenue
Tax and Licences

Net Income

Gray Electronic Services

Stateent of Profit or Loss
As of Ended 20XX

Revenue
Service Revenue

Less Expenses
Tax and Licences

Net Income
 90
16.2

16
Trial Balance Adjusted Trial Balance Balance Sheet
Debit Credit
7980 7980
Accounts Receivable 3400 3400
Furnituress and Fixtures 3000 3000
Service Equipment 16000 16000
Service Supplies 1500 1500

Accounts Payable 9500

Mr Gray Capital 13200

Service Revenue 9550

Tax and Licences 370
32250 32250 31880
Net Income

Gray Electronic Services Gray Electronic Services Gray Electro

Stateent of Profit or Loss Stateent of Changes In equity Stateent of Fi
As of Ended 20XX As of Ended 20XX As of End

Beginning Capital 13200 Current Assets

9550 Add Net Income 9180 Cash
Accounts Receivable
Ending Capital 22380 Service Supplies
-370
Non Current Assets
9180 Furnituress and Fixtures
Service Equipment

Total Assets

Current Liability
Accounts Payable

Mr Gray Capital

Total Liab and Equity

Balance Sheet Income Statement Post Closing Trial Balance

7980
3400
3000
16000
1500

9500 9500

13200 22380

9550
370
22700 370 9550
9180 9180
31880 31880 31880

Gray Electronic Services

Stateent of Financial Position
As of Ended 20XX

Current Assets
7980
Accounts Receivable 3400
Service Supplies 1500
12880
Non Current Assets
Furnituress and Fixtures 3000
Service Equipment 16000
19000

Total Assets 31880

Current Liability
Accounts Payable 9500
9500

Mr Gray Capital 22380

22380

Total Liab and Equity 31880

General Ledger
5 years
Cash Accounts Receivable Furnitures and Fixtures Apple Computer
120000 5000 17000 6000 36000
8000 30000 4000
9000 2000
6000 3000
16000

87000 15000 36000

AD Furniture AD Computer
600

600

15000/30*10days
Accounts Payable Unearned Revenue Wages Payable
3000 36000 2700 9000 4500
3000

36000 6300 4500

Emily Capital Emily Withdrawal

120000 16000
 120000 16000

Rent Expenses UntilitiesExpenses Wages Expenses Dep Ex Furnitur

5000 2000 4500

5000 2000 4500

Service Revenue
8000
17000
4000
2700

31700
 Trial Balance
5 years
Apple Computer Supplies Cash
30000 3000 2000 Accounts Receivable
Furnituress and Fixtures
Accumulated Depreciation Furniture
Apple Computer
Accumulated Depreciation Computer
Supplies

Accounts Payable
30000 1000 Unearned Revenue
Wages Payable
AD Computer
500 Emily Capital
Emily Withdrawal

Service Revenue
Supplies Expense
Rent Expenses
Utilities Expense
Wages Expense
500 Depreciation Expense Furniture
Depreciation Expense Computer

Net Income

Revenue
Service Revenue

Less Expenses
Supplies Expense
Rent Expenses
Utilities Expense
Wages Expense
Depreciation Expense Furnit
Depreciation Expense Comp

Net Income
Dep Ex Furniture Dep Ex Computer Supplies Expense
600 500 2000

600 500 2000

 Adjusting Entries Adjusted Trial Balance Balance Sheet
Debit Credit Debit Credit Debit Credit Debit
87000 87000 87000
11000 4000 15000 15000
ss and Fixtures 36000 36000 36000
ted Depreciation Furniture 0 600 600
30000 30000 30000
ted Depreciation Computer 0 500 500
3000 2000 1000 1000

36000 36000
9000 2700 6300
4500 4500

120000 120000
16000 16000 16000

25000 6700 31700

2000 2000
5000 5000
2000 2000
4500 4500
tion Expense Furniture 600 600
tion Expense Computer 500 500
190000 190000 14300 14300 199600 199600 0 185000
17100

Gray Electronic Services Gray Electronic Services

Stateent of Profit or Loss Stateent of Changes In equity
As of Ended 20XX As of Ended 20XX

Beginning Capital 120000

Service Revenue 31700 Add Net Income 17100
Drawings 16000
Less Expenses Ending Capital 121100
Supplies Expense 2000
Rent Expenses 5000
Utilities Expense 2000
Wages Expense 4500
Depreciation Expense Furniture 600
Depreciation Expense Computer 500
-14600
Net Income 17100
9000 15000
30 30
300 500
2700 4500
Balance Sheet Income Statement Post Closing Trial Balance
Credit Debit Credit Debit Credit
87000
15000
36000
600 600
30000
500 500
1000

36000 36000
6300 6300
4500 4500

120000 121100

31700
2000 31700
5000 2000
2000 5000
4500 2000
600 4500
500 600
167900 14600 31700 169000 169000 500
17100 17100

17100
Gray Electronic Services 17100
Stateent of Financial Position
As of Ended 20XX

Current Assets
Cash 87000
Accounts Receivable 15000
Supplies 1000
103000
Non Current Assets
Furnituress and Fixtures (net) 35400
Apple Computer (net) 29500
64900

Total Assets 167900

Current Liability
Accounts Payable 36000
Unearned Revenue 6300
Wages Payable 4500
46800
Emily Capital 121100
121100

Total Liab and Equity 167900