Ily Abella Surveyors

Worksheet
For the Month Ended May 31, 2022

    Trial Balance Adjustment Adjusted Trial Balance Income Statement Balance Sheet
No. Account Title Debit Credit   Debit   Credit Debit Credit Debit Credit Debit Credit
11
0 Cash 210,000           210,000       210,000  
12
0 Accounts Receivable 930,000           930,000       930,000  
13
0 Prepaid Advertising 360,000         140,000 220,000       220,000  
14
0 Engineering Supplies 270,000         180,000 90,000       90,000  
15
0 Survey Equipment 1,890,000           1,890,000       1,890,000  
15
5 Accum. Depreciation- Survey Equipt.   640,000       160,000   800,000       800,000
21
0 Accounts Payable   190,000           190,000       190,000
22
0 Unearned Survey Revenues   120,000   40,000       80,000       80,000
23
0 Notes Payable   500,000           500,000       500,000
31
0 Abella, Capital   1,120,000           1,120,000       1,120,000
32
0 Abella, Withdrawals 700,000           700,000       700,000  
41
0 Survey Revenues   6,510,000       40,000   6,550,000   6,550,000    
51
0 Salaries Expense 3,270,000     140,000     3,410,000   3,410,000      
 52
0 Rent Expense 960,000           960,000   960,000      
53
0 Insurance Expense 250,000           250,000   250,000      
54
0 Utilities Expense 160,000           160,000   160,000      
55
0 Miscellaneous Expense 80,000           80,000   80,000      
  TOTAL 9,080,000 9,080,000                    
  Adjustment:                        
56
0 Advertising Expense       140,000     140,000   140,000      
57
0 Engineering Supplies Expense       180,000     180,000   180,000      
58
0 Depreciation Expense - Survey Equipt.       160,000     160,000   160,000      
59
0 Interest Expense       60,000     60,000   60,000      
24
0 Interest Payable           60,000   60,000       60,000
25
0 Salaries Payable           140,000   140,000       140,000
          720,000   720,000 9,440,000 9,440,000 5,400,000 6,550,000    
  Profit                 1,150,000     1,150,000
                    6,550,000 6,550,000 4,040,000 4,040,000