Work sheet

Exercise-1
The following is the trial balance of Sumi Enterprise for the quarter ended march 31, 2017
Accounts title Dr Cr
Cash 200000
Accounts receivable 120000
Supplies 15000
Prepaid insurance 48000
Equipment 300000
Drawing 10000
Salaries expense 32000
Miscellaneous expense 5000
Accounts payable 85000
Capital 370000
Service revenue 275000
730000 730000
Additional information:
1. Supplies on hand tk.5000
2. Depreciation on equipment tk.24000 per year.
3. Insurance expire tk.4000 per month
4. Service provided but not billed tk.15000
5. Salaries accrued and unpaid tk.5000

Required: Prepare a 10 column work sheet & closing entry.

Sumi enterprise
10 column work sheet
For period ended March 31, 2017
S Accounts title Trial balance Adjustment Adjusted T/B Income statement Balance sheet
L. Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
1 Cash 200000 - - - 200000 200000
2 Accounts 120000 - 15000 - 135000 135000
receivable
3 Supplies 15000 - - 10000 5000 5000
4 Prepaid insurance 48000 - - 12000 36000 36000
5 Equipment 300000 - - - 300000 300000
6 Drawings 10000 - - - 10000 10000
7 Salaries expense 32000 - 5000 - 37000 37000
8 Miscellaneous 5000 - - - 5000 5000
expense
9 Accounts payable - 85000 - - - 85000 85000
10 Capital - 370000 - - - 370000 370000
11 Service revenue - 275000 - 15000 - 290000 290000
12 Supplies expense - - 10000 - 10000 - 10000
13 Depreciation exp - - 6000 - 6000 - 6000
14 Accumulated dep. - - - 6000 - 6000 6000
15 Insurance exp - - 12000 - 12000 - 12000
16 Salaries payable - - - 5000 - 5000 5000
220000 220000
Net Income
 730000 730000 48000 48000 756000 756000 290000 290000 686000 686000

Net income tk.220000

Total Balance sheet tk.686000

Exercise-2
The following particulars occurred in the books of Kabir Traders as at Dec 31, 2017
Accounts title Tk. Accounts title Tk.
Cash 30000 Accounts payable 6000
Accounts receivable 22000 Capital 80000
Prepaid insurance 18000 Service revenue 112000
Supplies 12000 10% Loan 20000
Salaries expense 48000 Accumulated depreciation-
Office equipment 40000 office equipment 4000
Drawings 16000
Advertising expense 8000
Rent expense 18000
Miscellaneous expense 8000
Interest expense 2000

222000 222000
Other information: 1. Supplies on hand tk.4000
2. Depreciation of office equipment tk.4000 per year
3. Salaries not paid tk.7000
4. Prepaid insurance represents 3 year policy from 1st January, 2017
5. Advertising expense for 2 years
6. Service provided on credit tk.18000
Required: Prepare Work sheet and closing entry

Exercise-3
Trial balance of Nishi enterprise for the quarter ended March 31, 2018
Accounts title Tk. Accounts title Tk.
Cash 114000 Notes payable 100000
Accounts receivable 56200 Accounts payable 123500
Supplies 10500 Capital 200000
Prepaid insurance 24000 Service revenue 136200
Equipment 30000
Drawings 6000
Salaries expense 22000
Travel expense 13000
Rent expense 12000
Miscellaneous expense 2000

559700 559700
Other information: Prepare 10 column work sheet
1. Supplies on hand tk.7500
2. Depreciation of tk.6000 per year
3. Interest accrued on 6 months notes payable, issued on Janauary1 tk.3000
4. Insurance expires at the rate of tk.1500 per month
5. Service provided but unbilled at march 31, tk.7500

Exercise-4
Trial balance from the books of accounts of Jolly enterprise on December 31, 2016
 Accounts title Tk. Accounts title Tk.
Accounts receivable 24800 Service revenue 27240
Cash 11240 Rent revenue 5250
Prepaid insurance 3800 Accounts payable 24700
Salaries expense 7650 10% notes payable 20000
Travelling expense 2600 capital 40000
Utilities expense 2400
Furniture 60000
Miscellaneous expense 400
Supplies 2100
Drawings 2200

117190 117190
Adjustments: Prepare work sheet
1. Office supplies used tk.1500
2. Insurance expires tk.300 per month
3. Service provided but remained unbilled for tk.2500
4. Travelling expenses tk.600 in advance
5. Depreciation 6% on furniture

Exercise-5
Alifparibahanpvt. Ltd. For the year ended December 31, 2017 is as follows
Accounts title Tk. Accounts title Tk.
Cash 100000 Accumulated depreciation 8000
Accounts receivable 20000 furniture 8000
Supplies 16000 Accounts payable 152000
Prepaid insurance 24000 Capital 160000
Furniture 56000 Travel service revenue
Drawings 32000
Advertising expense 4000
Salaries expense 44000
Prepaid rent 20000
Miscellaneous expense 12000
328000 328000
Other information:
1. Expired rent for the year tk.16000
2. Travel service provided but not yet billed tk.4000
3. Salaries are paid tk.4000 per month
4. Depreciation expense for the year of furniture in tk.4000
5. The balance in the prepaid insurance account represents a 3 year policy from April 1,2017
6. An inventory shows that tk.10000 of the supplies are on hand end of the year.
Required: Prepare a Ten-column worksheet and pass closing entry

Exercise-6
The following particulars are extracted from the books of Sabit& brothers December 31, 2015
Accounts title Tk. Accounts title Tk.
Cash 20500 Accumulated depreciation Equipment 2000
Land 50000 Accumulated depreciation Building 12000
Prepaid advertising expense 8000 Notes payable 20000
Building 60000 Accounts payable 13000
Equipment 12000 Capital 80000
Drawings 10000 Service revenue 70000
Salaries expense 19000
 Prepaid insurance 2000
Office supplies 1000
Office expense 500
Interest expense 1500
Prepaid rent 12000
Electricity expense 500

197000 197000
Other data:
1. 10% Notes payable issued on June 30, 2015
2. Accrued office expense tk.400
3. Prepaid insurance has been expired 100 per month
4. Unearned service revenue tk.2000 include in service revenue.
5. Prepaid rent paid on January 1, 2015 for 24 months
6. Prepaid advertising paid on March 31, 2015 for 12 months period
7. Depreciation per annum: Equipment tk.1000 and Building tk.4000
Required: Prepare 10 column worksheet and Closing entry

Exercise-7
The trial balance of Ruma consulting firm as at January 31, 2018
Accounts title Tk. Accounts title Tk.
Cash 16700 Accumulated depreciation furniture 223000
Accounts receivable 103400 Accounts payable 244700
Supplies 5600 Unearned service revenue 68000
Prepaid insurance 17900 Notes payable 187000
Land 550000 Capital 372900
Furniture 420100 Service revenue 99700
Drawings 38000
Salary expense 21700
Telephone expense 4900
Rent expense 6400
Advertising expense 10600

1195300 1195300
1. Accrued salary expense tk.6000
2. Supplies on hand tk.4100
3. Prepaid insurance expired during the month tk.3900
4. Accrued interest expense tk.2200
5. Unearned service revenue earned during January tk.44000
6. Accrued advertising expense tk.600
7. Accrued interest revenue tk.1700
8. Depreciation of office furniture for January tk.4300
Required: Prepare worksheet for January and make closing entry

Exercise-8
The following trial balance and other information are for the Hasib Company December 31, 2014
Accounts title Tk. Accounts title Tk.
Cash 18750 Accumulated depreciation Building 30000
Accounts receivable 30000 Accumulated depreciation equipment 15000
Notes receivable 3750 Accounts payable 7500
Prepaid insurance 2250 Capital stock 22500
Supplies 1500 Retained earnings 7875
Building 60000 Service revenue 120000
Equipment 22500
 Dividends 13500
Salaries expense 45000
Advertising expense 2100
Utilities expense 3000
Miscellaneous expense 525

202875 202875
1. Accrued interest on notes receivable tk.188
2. Insurance expense for the year tk.1800
3. Supplies costing tk.300 are on the hand at the end of the year
4. The building has an expected life 10 years with no salvage value
5. The equipment has an expected life is 12 years with no salvage value
6. Accrued salaries are tk.3000
Required: Prepare a 12 column work sheet.

Exercise-9 (Perpetual Inventory/cost of goods sold)

The following information obtained from the Bina Corporation as at December 31, 2016
Accounts title Tk. Accounts title Tk.
Cash 9500 Accumulated depreciation 16000
Accounts receivable 16100 Accounts payable 20400
Merchandise inventory 40500 Capital 83000
Prepaid insurance 3800 Sales 480000
Store equipment 80000
Drawings 15000
Sales return and allowances 12000
Sales discount 8000
Cost of goods sold 315500
Freight out 7000
Advertising expense 16000
Rent expenses 19000
Store salaries expense 40000
Utilities expense 17000
599400 599400
Other information:
1. Merchandise inventory actually on hand at the end tk.40000
2. Insurance expire tk.2000 for the period
3. Depreciation expense for the year istk.8000
4. Salaries outstanding tk.5000
5. Advertising expense is for 02 years.
Required: Prepare adjusting entry and 10 column worksheet

Bina Corporation
10 column work sheet
For period ended March 31, 2017
S Accounts title Trial balance Adjustment Adjusted T/B Income Balance sheet
L statement
. Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
Cash 9500 -
Accounts receivable 16100 -
Merchandise inventory 40500 - 500
Prepaid insurance 3800 -
Store equipment 80000 -
Drawings 15000 -
Sales return 12000 -
Sales discount 8000 -
Cost of goods sold 315500 - 500
Freight out 7000 -
Advertising expense 16000 -
Rent expenses 19000 -
Store salaries expense 40000 -
Utilities expense 17000 -
Accumulated dep. - 16000
Accounts payable - 20400
Capital - 83000
Sales - 480000

Exercise-10(Periodic Inventory Adjusting method)

The following trial balance took from Amena enterprise on June 30, 2017 for first six months.
Accounts title Tk. Accounts title Tk.
Cash 69560 Accumulated depreciation equipment 9000
Accounts receivable 9200 Accounts payable 16000
Merchandise inventory (1-1-17) 62800 Capital 44000
Prepaid insurance 1440 Sales revenue 600000
Prepaid rent 9600 Purchase return & allowances 2800
Office equipment 24000
Drawings 40000
Sales return & allowances 2000
Purchase 398400
Advertising expenses 2000
Supplies expense 3600
Salaries expense 46400
Utilities expense 2800

671800 671800
1. Insurance policy was purchased March 1 2017 for one year policy.
2. Prepaid rent paid for 12 months started from February 1, 2017
3. Depreciation expense of equipment tk.3000 for this accounting period
4. Merchandise inventory at the end was tk.52800
Required: Prepare a 10 column worksheet.
 Amena enterprise
10 column work sheet
For period ended March 31, 2017
S Accounts title Trial balance Adjustment Adjusted T/B Income Balance sheet
L statement
. Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
Cash 69560 -
Accounts receivable 9200 -
Merchandise inventory 62800 - 52800 62800 52800 52800
(1-1-17) -
Prepaid insurance 1440 -
Prepaid rent 9600 -
Office equipment 24000 -
Drawings 40000 -
Sales return 2000
Purchase 398400 -
Advertising expenses 2000 -
Supplies expense 3600 --
Salaries expense 46400 -
Utilities expense 2800 -
Acc.dep equipment 9000
Accounts payable 16000
Capital 44000
Sales revenue 600000
Purchase return 2800

Income statement 62800 52800 62800 52800 62800 52800

Exercise-11(Periodic inventory closing method)

The trial balance of Subata enterprise as at December 31, 2015 is as follows
Accounts title Tk. Accounts title Tk.
Cash 100000 Common stock tk.100 per share 250000
Bank 50000 Accounts payable 50000
Accounts receivable 200000 Return outward 5000
Purchase 200000 Sales 500000
Return inward 10000 Accumulated depreciation furniture 5000
Furniture 20000 Accumulated depreciation plant 10000
Plant & machinery 40000 Accumulated depreciation building 20000
Land and building 50000 Rental income 5000
Taxes 5000 Notes payable 15000
Salaries 10000 Mortgage bond 140000
Travelling expense 2000
Electricity 2000
Insurance 3000
Miscellaneous expense 20000
Beginning inventory 288000

1000000 1000000
Adjustments: (1) ending inventory tk.230000 (2) Tk.2000 is to be treated as uncollectible and to be
written off (3) Furniture, Plant & machinery and Land & building is to be depreciated by 5%, 2.5%
and 10% respectively (4) Salaries accrued and unpaid tk.2000 (5) Insurance prepaid tk.1000 (6) Rent
received in advance tk.1000 (7) A provision of 2% is to be made on accounts receivable for doubtful
accounts
Required: Prepare a worksheet (merchandise inventories under closing entry)

Exercise-12
From the following information prepare a 10 column worksheet of Mehedi enterprise Dec-31, 2017
Accounts title Tk. Accounts title Tk.
Cash 7125 Acc. Depreciation furniture 6000
Accounts receivable 11500 Accounts payable 117500
Notes receivable 20000 Unearned sales revenue 5000
Inventory 101250 Notes payable(long term) 31500
Supplies 1625 Capital 64750
Prepaid insurance 3000 Sales revenue 420000
Furniture & fixtures 83000 Allowance for doubtful debt 1500
Withdraw 135250
Sales discount 3500
Sales return & allowances 5000
Cost of goods sold 226250
Wages expense 24500
Rent expense 21000
Interest expense 3250
646250 646250
Additional information: 1. Inventory on hand tk.1005002. Supplies on hand tk.250
3. Prepaid insurance expired during the year tk.2500
4. Depreciation on furniture tk.1500
5. Unearned sales revenue earned during the year tk.2250
6. Accrued interest expense tk.500
7. Allowance for doubtful accounts is to be increased to tk.3000

Exercise-13
From the following data make a ten column worksheet as at December 31, 2016
Accounts title Tk. Accounts title Tk.
Cash 28700 Accumulated depreciation store 22000
Accounts receivable 30700 equipment 6000
Merchandise inventory 44700 Acc. Depreciation delivery equipment 51000
Store supplies 6200 Notes payable 48500
Store equipment 85000 Accounts payable 110000
Delivery equipment 48000 Capital 755200
Drawing 12000 Sales
Sales return & allowances 8800
Cost of goods sold 497400
Salaries expense 140000
Advertising expense 24400
Utilities expense 14000
Repair expense 12100
Delivery expense 16700
Rent expense 24000

992700 992700
Adjustments: 1. Store supplies on hand tk.2500
2. Depreciation tk.9000 on store equipment & tk.5000 on delivery equipment
3. Interest of tk.4000 is accrued on notes payable
4. Merchandise inventory actually on hand is tk.54700