Unajasted Trial Balance Adjustments

Account Titles
Debit Credit Debit
Cash 745,340
Accounts Receivable 80,000
Merchandise Inventory 170,660
Office Supplies 2,000
Prepaid Insurance 24,000
Prepaid Rent 36,000
Equipment 200,000
Accumulated Depreciation-Equipment
Accounts Payable 50,000
Salaries Payable
Jansen, Capital 1,000,000
Jansen, Drawing 30,000
Sales 980,000
Sales Returns and Allowances 12,000
Sales Discounts 1,760
Cost of goods sold 658,240
Gas and oil Expense 10,000
Office Supplies Expense 800
Depreciation Expense 3,333
Insurance Expense 2,000
Salaries Expense 60,000 60,000
Rent Expense 3,000
Advertising Expense 14,400

2,030,000 2,030,000 83,533

Net Income
Adjustments Adjusted Trial Balance Income Statement Balance sheet
Credit Debit Credit Debit Credit Debit Credit
745,340 745,340
80,000 80,000
170,660 170,660
800 1,200 1,200
2,000 22,000 22,000
3,000 33,000 33,000
200,000 200,000
3,333 3,333 3,333
14,400 64,400 64,400
60,000 60,000 60,000
1,000,000 1,138,227
30,000
980,000 980,000
12,000 12,000
1,760 1,760
658,240 658,240
10,000 10,000
800 800
3,333 3,333
2,000 2,000
120,000 120,000
3,000 3,000
14,400 14,400

83,533 2,107,733 2,107,733 811,773 980,000 1,265,960 1,265,960

168,227
980,000 980,000