ADJUSTED TRIAL BALANCE INCOME STATEMENT

ACCOUNT NAME
DEBIT CREDIT DEBIT CREDIT
Cash € 7,422
Accounts Receivable € 7,840
Prepaid Rent € 2,280
Equipment € 23,000
Notes Payable € 5,700
Account Payable € 5,672
Share Capital—Ordinary € 22,000
Service Revenue € 12,590
Retained Earnings € 4,000
Salaries and Wages Expense
Rent Expense
Dividend € 3,000
AMOUNT
Salaries and Wages Expense € 9,840
Rent Expense € 760
Interest Expense € 600
Depreciation Expense
Accumulated Depreciation—Equipment € 4,800
TOTAL R$ 54,742 R$ 54,762 R$ - R$ -
NET INCOME R$ - R$ -
TOTAL R$ - R$ -
 STATEMENT OF FINANCIAL
POSITION
DEBIT CREDIT

R$ - R$ -
R$ - R$ 6,060
R$ - R$ 6,060
 Monday Night Co
INCOME STATEMENT
FOR THE PERIOD ENDED March 31, 2021

Revenue
Service Revenue € 12,590

Expense
Salaries and Wages Expense € 9,840
Rent Expense € 760
Depreciation Expense € 600
Interest Expense € 57
Amount -€ 11,257
Net Income € 1,333
 Monday Night Co
RETAINED EARNING STATEMENT
FOR THE PERIOD ENDED MARCH 31, 2021

Retained Earnings, May 1 € 4,000

Net Income € 1,333
€ 5,333
Less: Dividend € 3,000
Retained Earnings, May 31 € 2,333
 Monday Night Co
STATEMENT OF FINANCIAL POSITION
AS OF MARCH 31, 2021

ASSETS
Current Assets
Cash € 7,442
Accounts Receivable € 7,840
Prepaid Rent € 2,280
Amount € 17,562
Fixed Assets
Equipment € 23,000
Accumulated Depreciation-Equipment -€ 4,800
Amount € 18,200
TOTAL ASSETS € 35,762

LIABILITIES AND EQUITY

Liabilities
Accounts Payable € 5,672
Notes Payable € 5,700
Interest Payable € 57
Amount € 11,429
Equity
Retained Earnings € 2,333
Share Capital-Ordinary € 22,000
Amount € 24,333
TOTAL LIABILITIES AND EQUITY € 35,762
 Monday Night Co
CLOSING JOURNAL
PERIODE MARCH 2021

DATE DESCRIPTION REF DEBIT CREDIT

May-17 31 Service Revenue 400 € 12,590 € -
Income Summary 321 € - € 12,590

31 Income Summary 321 € 11,257 € -

Salaries and Wages Expense 631 € - € 9,840
Rent Expense 711 € - € 760
Depreciation Expense 722 € - € 600
Interest Expense 726 € - € 57

31 Income Summary 321 € 1,333 € -

Retained Earnings 301 € - € 1,333

AMOUNT € 25,180 € 25,180

 Monday Night Co
POST CLOSING TRIAL BALANCE
AS OF MARCH 31, 2021

ACCOUNT NO ACCOUNT NAME DEBIT CREDIT

101 Cash € 7,442 € -
112 Accounts Receivable € 7,840 € -
130 Prepaid Rent € 2,280 € -
157 Equipment € 23,000 € -
158 Accumulated Depreciation—Equipment € - € 4,800
230 Notes Payable € 5,700
201 Accounts Payable € - € 5,672
905 Interest Payable € - € 57
301 Retained Earnings € - € 2,333
311 Share Capital—Ordinary € - € 22,000

AMOUNT € 40,562 € 40,562

 Yellow Co
STATEMENT OF FINANCIAL POSITION
AS OF DECEMBER 31, 2021

ASSETS
Current Assets
Cash £ 2,668
Accounts Receivable £ 1,696
Prepaid Insurance £ 680
Short-term investment £ 3,619
Long-term investment £ 1,200
Inventory £ 1,256
Amount £ 11,119
Fixed Assets
Equipment £ 11,500
Accumulated Depreciation-Equipment -£ 4,125
Amount £ 7,375
TOTAL ASSETS £ 18,494

LIABILITIES AND EQUITY

Liabilities
Accounts Payable £ 1,444
Notes Payable £ 1,300
Long-term debt £ 1,000
Amount £ 3,744
Equity
Retained Earnings £ 4,750
Share Capital-Ordinary £ 10,000
Amount £ 14,750
TOTAL LIABILITIES AND EQUITY £ 18,494
 LIGHT COMPANY LIGHT
INCOME STATEMENT Comprehensiv
FOR THE PERIOD ENDED August 31, 2021 For the Year En
Net Income
Sales Other comprehensive income
Sales Revenue £ 380,000
Less Sales Returns and allowances £ 13,000 Comprehensive Income
Sales Discounts £ 7,400 £ 20,400
Net Sales £ 359,600
Cost of Goods Sold £ 212,000
Gross Profit £ 147,600

Operating Expense
Salaries and Wages Expense £ 58,000
Rent Expense £ 32,000
Insurance Expense £ 7,000
Freight-out £ 9,000
Total Operating Expense -£ 106,000
Net Income £ 41,600
 LIGHT COMPANY
Comprehensive Income Statement
For the Year Ended August 31, 2021
Net Income £ 41,600
Other comprehensive income £ 2,200

Comprehensive Income £ 43,800

 BEST COMPANY

March, 2021
March 2 Account Recievable £ 800,000
Sales Revenue £ 800,000
Cost of Goods Sold £ 620,000
Inventory £ 620,000
6 Sales Returns and Allowances £ 120,000
Account Recievable £ 120,000
Inventory £ 90,000
Cost of Goods Sold £ 90,000
12 Cash £ 666,400
Sales Discounts £ 13,600
Account Recievable £ 680,000