Unadjusted Adjustments Adjusted Trial Balance Income Statement

Debit Credit
Cash 221180 221180
AR 428000 428000
MI 413000 413000
Supplies 72000 14000 86000
PI 48000 2000 46000
Land 460000 460000
Building 1750000 1750000
Acc. Dep. - B 350000 9000 359000
Equip 2310000 2310000
AD-E 630000 12000 642000
AP 517000 517000
SP
MP 2600000 2600000
Cap 1569000 1569000
Drawings 400000 400000
Sales 1332000 1332000
SRA 141000 141000 141000
SD 11840 11840 11840
Purchases 668000 668000 668000
PRA 25000 25000
PD 7020 7020
T-In 13000 13000 13000
Sal Ex 51000 51000 102000 102000
Sup X
In X
Dep X-B
Dep X-E
T-Out 4000 4000 4000
Ad X 6000 6000 6000
IX 26000 26000 26000
MX 7000 7000 7000
Total 7030020 7030020
Salaries Payable 51000 51000
Insurance Expense 2000 2000 2000
Dep Ex-B 9000 9000 9000
Dep Ex-E 12000 12000 12000
Supplies Expense 14000 14000
Income Summary 413000 397000 413000 397000 413000
Merchandise In-Feb 28 397000 397000
898000 898000 7513020 7513020 1414840
Net Income 360180
1775020
Capital - Feb 28
Income Statement Owners Equity Financial Postion

221180
428000

86000
46000
460000
1750000
359000
2310000
642000
517000

2600000
1569000 1569000
400000 400000
1332000

25000
7020

51000

14000
397000
397000
1775020
360180 360180
1775020 400000 1929180
1529180
1929180 1929180 6098180 6098180