F1WORK3 - Yongmei Cao F1WORK Service Company Worksheet...

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Yongmei Cao F1WORK Service Company Worksheet Wikki Cleaners Work Sheet For Year Ended December 31, 2012 Trial Balance Adjustments Adj. T/Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 13,200 13,200 0 13,200 Cleaning supplies 22,000 a 18,750 3,250 0 3,250 Prepaid insurance 5,400 b 3,600 1,800 0 1,800 Equipment 206,000 206,000 0 206,000 Accumulated depr. 74,100 c 21,600 0 95,700 95,700 Accounts payable 8,500 0 8,500 8,500 Common stock 60,000 0 60,000 60,000 Retained earnings 31,200 0 31,200 31,200 Dividends 27,000 27,000 0 27,000 Revenue 171,560 0 171,560 171,560 Rent expense 28,500 28,500 0 28,500 Wages expense 39,720 d 1,830 41,550 0 41,550 Utilities expense 2,130 2,130 0 2,130 Misc. expense 1,410 1,410 0 1,410 345,360 345,360 Supplies expense a 18,750 18,750 0 18,750 Insurance expense b 3,600 3,600 0 3,600 Depreciation exp. c 21,600 21,600 0 21,600 Wages payable d 1,830 0 1,830 1,830 45,780 45,780 368,790 368,790 117,540 171,560 251,250 197,230 Net income 54,020 0 0 54,020 171,560 171,560 251,250 251,250 Wikki Cleaners Income Statement For the Month Ended December 31, 2012 Revenue $ 171,560.00 Expenses: Rent Expense $ 28,500.00 Wages Expense 41,550 Utilities Expense 2,130 Miscellaneous Expense 1,410 Supplies expense 18,750 Insurance expense 3,600 Depreciation exp. 21,600 Total Expenses: $ 117,540.00 Net Income $ 54,020.00 Wikki Cleaners Statement of Retained Earnings
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