Accounts Unadjusted Trial Balance Adjustments Adjusted Trial Balance

Cash 367,000 367,000

Prepaid Rent 108,000 18,000 90,000
Equipment 240,000 240,000
Notes Payable 200,000
Owner's Equity 320,000
Owner's Drawings 50,000 50,000
Service Income 260,000
Utilities Expense 15,000 15,000
Totals 780k 780k
Additional

Depreciation Expense 4,166 4,166

Accumulated Depreciation 4,166
Salaries Payable 8,000
Salaries Expense 8,000 8,000
Rent Enpense 18,000 18,000
Totals 30,166 30,166 792,166
Net Income
Totals
justed Trial Balance Income Statement Balance Sheet Closing Entries
367,000
90,000
240,000
200,000 200,000
320,000 320,000 50,000 214,834
50,000 50,000
260,000 260,000 260,000
15,000 15,000

4,166 4,166
4,166 4,166
8,000 8,000
8,000 8,000
18,000 18,000
792,166 45,166 260,000 747,000 532,166 310,000 310,000
214,834 214,834
260,000 260,000 747,000 747,000
Post Closing Trial Balance
367,000
90,000
240,000
200,000
484,834

4,166
8,000

697,000 697,000