Introduction to Financial Accounting

Course 3: Completing the Accounting Cycle

Module 3: Creating & Analyzing Financial Statements
ACTIVITY

Abracadabra Company
Adjusted Trial Balance
November 30, 2022
Account Debit Credit
Cash 17,240
Accounts Receivable 3,650
Prepaid Rent 2,000
Supplies 450
Office Furniture 2,000
Accumulated Depreciation - office furniture 60
Accounts Payable 1,370
Unearned Service Revenue 2,500
Salaries & Wages Payable 2,800
Common Stock 12,000
Dividends 750
Service Revenue 14,650
Rent Expense 2,000
Telephone Expense 860
Supplies Expense 420
Advertising Expense 1,150
Salaries & Wages Expense 2,800
Depreciation Expense 60
Totals 33,380 33,380