Dr.

Cash Cr
Date Particulars Amount Date Particulars Amount
To Capital 50000 By Office Supplies 2000
To Revenue from Services 2000 By Equipment 3000
To Unearned Revenue 1500 By Prepaid Insurance 720
To Trade Receivables 4000 By Trade Payables 1000
To Revenue from Services 1000 By Salaries Expenses 800
By Electricity Expenses 150
By Dividend 2200

By bal c/d 48630

58500 58500

Capital

By Cash 50000
To bal c/d 50000
50000 50000

Office Supplies

To Cash 2000 By Office Supplies Expense 1800

To Trade Payables 3500 By bal c/d 3700

5500 5500

Equipment

To Cash 3000
By bal c/d 3000
3000 3000

Prepaid Insurance

To Cash 720
By bal c/d 720
720 720

Revenue from Services

By Cash 2000
 By Cash 1000
To bal c/d 14000 By Trade Receivables 2000
By Trade Receivables 9000

14000 14000

Unearned Revenue

By Cash 1500
To bal c/d 1500
1500 1500

Trade Payables

To Cash 1000 By Office Supplies 3500

To bal c/d 2500
3500 3500

Trade Receivables

To Revenue from Services 9000 By cash 4000

To Revenue from Services 2000 By bal c/d 7000

11000 11000

Office Supplies Expenses

To Office Supplies 1800

By bal c/d 1800
1800 1800

Salaries Expenses

To Cash 800
By bal c/d 800
800 800

Electricity Expenses

To Cash 150
By bal c/d 150
150 150

Dividends
To Cash 2200
By bal c/d 2200
2200 2200
Debit Balance 48630 as debit side more than credit side

Credit Balance 50000 as credit side is more than debit side

Debit Balance 3700

Debit Balance 3000

Debit Balance 720

Credit Balance 14000

Credit Balance 1500

Credit Balance 2500

Debit Balance 7000

Debit Balance 1800

Debit Balance 800

Debit Balance 150

Debit Balance 2200
 Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Accounts
Debit Credit Debit Credit Debit Credit Balance Sheet as a
Cash 48630 48630 Assets
Capital 50000 50000 Non-current Assets
Office Supplies 3700 800 2900
Equipment 3000 3000
Prepaid Insurance 720 60 660
Revenue from Services 14000 900 14900 Current Assets
Unearned Revenue 1500 900 600
Trade payables 2500 2500
Trade receivables 7000 7000
Office Supplies Expense 1800 800 2600
Salaries expense 800 500 1300
Electricity expense 150 150
Dividends 2200 2200
68000 68000
Insurance expense 60 60 Equity & Liabilities
Depreciation expense 50 50 Equity
Accumulated Depreciation 50 50 Equity Share Capital
Salaries payable 500 500 Other Equity (10740-2200)
Total 2310 2310 68550 68550
Liabilities
Non Current Liabiltities
Adjustment entries Current Liabilities
Trade payables
Insurance Expense A/c Dr 60 Unearned revenue
To Prepaid Insurance A/c 60 Salaries Payable

Office Supplies expenses A/c Dr 800

To Office Supplies A/c 800

Income Statement for the pe

Depreciation A/c Dr 50 June 30, 2020
To Accumulated Depreciation A/c 50 Revenue
Revenue from Operations
Unearned Revenue A/c Dr 900 Total Income
To Revenue from Services A/c 900 Expenses
Salaries expense
Salaries Expense A/c Dr 500 Electricity expense
To Salaries Payable/ Outstanding Salaries A/c 500 Office Supplies expense
Insurance expense
Depreciation expense
Total expense
Profit for the Period

Retained Earnings: Net Profit min

 Balance Sheet as at Jun 30, 2020
Rs.
Non-current Assets
Equipment 3000
Less: Accumulated Dep 50
2950
Current Assets
Office Supplies/Inventories 2900
Trade Receivables 7000
Prepaid Insurance 660
Cash and Cash Equivalents 48630

59190
62140

Equity & Liabilities Rs.

Equity Share Capital 50000

Other Equity (10740-2200) 8540
58540

Non Current Liabiltities 0

Current Liabilities
Trade payables 2500
Unearned revenue 600
Salaries Payable 500
3600
62140

Income Statement for the period ended

June 30, 2020
Rs.
Revenue from Operations 14900
Total Income 14900

Salaries expense 1300

Electricity expense 150
Office Supplies expense 2600
Insurance expense 60
Depreciation expense 50
Total expense 4160
Profit for the Period 10740

Retained Earnings: Net Profit minus dividend