WORKSHEET

For year ended Decembery 31, 20X1

ACCOUNTS Trial Balance Adjustments Adjusted Trial Balance Cost of Sales Income Statement Statement of Financial
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 26,300.00 26,300.00
Accounts Receivable 124,600.00 124,600.00
Notes Receivable 35,000.00 35,000.00
Estimated Uncollectible Accounts 5,300.00 1 1,970.00 7,270.00
Inventory, January 1 112,600.00 112,600.00 - 112,600.00
Land 50,000.00 50,000.00 -
Building 150,000.00 - 150,000.00 -
Accumulated Depreciation-Building 18000 2 3,000.00 21,000.00
Furniture and Fixtures 12,500.00 12,500.00 -
Accumulated Depreciation-Fur. & Fixt. 7,500.00 3 1,250.00 8,750.00
Unexpired Insuarance 1,200.00 4 400.00 800.00
Accounts Payable 46,300.00 - 46,300.00
Botes Payable 9,000.00 - 9,000.00
Mortgage Payable 50,000.00 - 50,000.00 -
Drew Sicat, Capital 370,600.00 - - 370,600.00
Sales 402,600.00 - 402,600.00
Sales Returns and Allowances 8,600.00 8,600.00 -
Purchases 324,700.00 - 324,700.00 - 324,700.00
Purchase Returns and Allowances 3,300.00 - 3,300.00 3,300.00
Freight In 7,600.00 7,600.00 - 7,600.00
Salesmem's Salaries 32,000.00 6 1,500.00 33,500.00
Advertising 7,400.00 6 3400 4,000.00
Office Salaries 16,000.00 16,000.00 -
Heat, Light and Water 4,200.00 4,200.00 -
Telephone and Telegraph 1,300.00 1,300.00 -
Miscillaneous Expense 1,400.00 8 500.00 900.00
Purchase Discounts 6,000.00 - 6,000.00
Interest Income 1,400.00 9 300.00 1,700.00
Sales Discounts 4,300.00 4,300.00 - -
Interest Expense 300.00 5 3,000.00 10 100 3,200.00
920,000.00 920,000.00
Bad Debts 1 1,970.00 1,970.00
Depreciation-Building 2 3,000.00 3,000.00
Depreciation-Furn. & Fixt. 3 1,250.00 1,250.00
Insurance Expense 4 400.00 400.00
Accrued Interest on Mortgage 5 3,000.00 3,000.00
Accrued Salaries 6 1,500.00 1,500.00
Prepaid Advertisement 7 3,400.00 3,400.00
Office Supplies Unused 8 500.00 500.00
Accrued Interest Receivable 9 300.00 300.00
Deferred Interest Expense 10 100.00 100.00
129,000.00
Inventory, December 31 132,300.00
15,420.00 15,420.00 931,020.00 931,020.00 312,600.00 - - - -
444,900.00 444,900.00 - -
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