Accounts Trial Balance Adjustments Adjusted T/B Income Statement Balance Sheet

J. P. Peralta Computer Clinic

Debit Credit Debit WorksheetDebit
Credit Credit Debit Credit Debit Credit
For the Month Ended December 31, 2020
Cash 118,914 118,914 118,914

Accounts Receivable 20,400 20,400 20,400

Notes Receivable 1,000 1,000 1,000

Tools 21,000 21,000 21,000

Furniture & Fixtures 8,000 8,000 8,000

Office Equipment 15,000 15,000 15,000

Repair Equipment 15,000 15,000 15,000

Accounts Payable 12,360 12,360 12,360

Notes Payable 19,200 19,200 19,200

Loan Payable 50,000 50,000 50,000

J.A. Peralta, Capital 95,000 95,000 95,000

J.A. Peralta, Drawing 6,000 6,000 6,000

Computer Service Income 75,475 8) 2000 73,475 73,475

Interest Income 14 3) 2.67 16.67 16.67

Salaries Expense 16,000 4) 16,000 32,000 32,000

Rent Expense 6,000 9) 3000 3,000 3,000

Supplies Expense 4,560 1) 3,287 1,273 1,273

Taxes & Licenses Expense 2,425 10) 120 2,545 2,545

Insurance Expense 3,000 3,000 3,000

Interest Expense 6,000 7) 96 6,096 6,096

Utilities Expense 1,250 1,250 1,250

Advertising Expense 7,500 2) 5,000 2,500 2,500

TOTALS 252,049 252,049

Unused Supplies 1) 3,287 3,287 3,287

Prepaid Advertising 2) 5,000 5,000 5,000

Accrued Interest Income 3) 2.67 2.67 2.67

Salaries Payable 4) 16,000 16,000 16,000

Depreciation - Furniture. And Fixtures 5) 800 800 800

Depreciation - Office Equipment 5) 1,500 1,500 1,500

Depreciation - Repair Equipment 5) 122.5 122.5 122.5

Accum. Dep’n - Furniture and Fixture 5) 800 800 800

Accum. Dep’n - Office Equipment 5) 1,500 1,500 1,500

Accum. Dep’n – Repair Equipment 5) 122.5 122.5 122.5

Impairment Loss 6) 1,020 1,020 1,020

Allowance for Impairment Loss 6) 1,020 1,020 1,020

Interest Payable 7) 96 96 96

Unearned Service Income 8) 2000 2000 2000

Prepaid Rent 9) 3000 3000 3000

Taxes and License Payable 10) 120 120 120

TOTALS 32,948.17 32,948.17 271,710.17 271,710.17 55,109.17 73,491.67 213,314.00 201,505

Net Income 18,382.5 11,808.

TOTALS 73,491.67 213,314.