UNADJUSTED

TRIAL BALANCE ADJUSTMENTS

DEBIT CREDIT DEBIT CREDIT
Cash on hand and in Bank 25,000
Accounts Receivable 170,000
Merchandise Inventory 44,000
Supplies Unused 8,000
Furniture and Fixture 310,000
Accumulated Depreciation 31,000 (5) 31,000
Accounts Payable 38,000
Unearned Commissions 11,100 (4) 6,100
Mortgage Payable 10,000
Allan, Capital 140,000
Wally, Capital 175,500
Allan, Drawing 4,000
Wally, Drawing 4,000
Sales 500,000
Sales Returns and Allowances 20,000
Purchases 196,000
Freight- In 4,000
Purchases Returns and Allowances 7,800
Salary Expense 65,400
Advertising Expense 20,000
Insurance Expense 7,000
Rent Expense 35,000
Interest Expense 2,000
Interest Income 1,000
914,400 914,400

Doubtful Accounts (2) 8,500

General Expenses (2) 8,500 (3) 2,000
Supplies on hand (3) 2,000
Earned Commissions (4) 6,100
Accumulated Depreciation-FF (5) 31,000
Income tax Payable
Income tax Expense
47,600 47,600
ADJUSTED INCOME BALANCE
TRIAL BALANCE STATEMENT SHEET
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
25,000
170,000
44,000 44,000 40,000 40,000
8,000
310,000
62,000
38,000
5,000
10,000
140,000
175,500
4,000
4,000
500,000
20,000
196,000
4,000
7,800
65,400
20,000
7,000
35,000
2,000
1,000
914,400 939,300

8,500
8,500 2,000
2,000
6,100
31,000

931,000 949,800