Account Titles Trial Balance Adjustments

Dr. Cr. Dr.

Cash 8,400
Account Receivable 3,900 1 1,300
Supplies 1,700 4
Prepaid Insurance 1,800 3
Equipment 10,000
Accumulate Depretiation 2
Account Payable 7,300
Salaries & Wages Payable 5
Share Capital - Ordinary 15,000
Retained Earnings
Dividens 500
Service Revenue 6,300 1
Gasoline Expense 400
Supplies Expense 4 1,420
Depretiation Expense 2 200
Insurance Expense 3 150
Salariea& Wages Expense 1,900 5 630

Totals 28,600 28,600 3,700

Net Income
Totals
Adjustments Adj. Trial Balance Income Statement Balance Sheet
Cr. Dr. Cr. Dr. Cr. Dr.
8,400 8,400
5,200 5,200
1,420 280 280
150 1,650 1,650
10,000 10,000
200 200 -
7,300 -
630 630 -
15,000 -
- -
500 500
1,300 7,600
400 400
1,420 1,420
200 200
150 150
2,530 2,530

3,700 30,730 30,730 4,700 - 26,030

- 4,700
- - 26,030
 Income statement
Balance Sheet Revenue
Cr. Service Revenue
Expenses
Gasoline Expense - 400
Supplies Expense - 1,420
Depretiation Expense - 200
Insurance Expense - 150
200 Salariea& Wages Expense - 2,530
7,300
630
15,000 (e) July
-
Total Expense - 4,700
Net Income #VALUE!

(b)
Mary's Maid Cleaning Service
Statement of Retained Earnings

Retained Earnings, July

Add: Net Income for the quarter 2,900
2,900
Less: Dividend declared 500
Retained Earnings 2,400
23,130
- 4,700
18,430
 Post closing trial balance Cash
31 Cash 8,400 Share Capital
Account Receivable 5,200 Equipment
31 Supplies 280 Cash
Prepaid Insurance 1,650 Account Payable
31 Equipment 10,000 Supplies
Accumulate Depretiation 200 Account Payable
Account Payable 7,300 Prepaid Insurance
31 Salaries & Wages Payable 630 Cash
Share Capital - Ordinary 15,000 Account Receivable
Retained Earnings 2,400 Service Revenue
31 25,530 25,530 Account Payable
Cash
31 Closing enties Salaries Expense
Service Revenue Cash
Income Sumary Cash
Income Sumary 4,700 Account Receivable
Gasoline Expense 400 Account Receivable
Supplies Expense 1420 Service Revenue
31 Depretiation Expense 200 Gasoline Expense
Insurance Expense 150 Cash
31 Salariea& Wages Expense 2530 Dividend
Income Sumary 2,900 Cash
Retained Earnings 2900
Retained Earnings 500
Dividens 500
 15,000
Share Capital 15,000
nt 10,000
Cash 3,000
Account Payable 7,000
1,700
Account Payable 1,700
nsurance 1,800
Cash 1,800
Receivable 4,200
Service Revenue 4,200
Payable 1,400
Cash 1,400
xpense 1,900
Cash 1,900
2,400
Account Receivable 2,400
Receivable 2,100
Service Revenue 2,100
Expense 400
Cash 400
500
Cash 500