Copy of SUA _worksheets.xls - WAREN SPORTS SUPPLY YEAR-END...

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WAREN SPORTS SUPPLY, YEAR-END WORKSHEET, DECEMBER 31, 2017TRANSACTIONS LIST AInstructor_______________________Date Due_________________(Accounts with no activity in this worksheet are excluded in this solution.)12/31/201612/31/2017ADJUSTEDINCOMEBALANCEACCTACCOUNTPOST CLOSINGUNADJUSTEDYEAR-END ADJUSTMENTSTRIAL BALANCESTATEMENTSHEETNO.TITLETRIAL BALANCETRIAL BALANCEDEBITCREDITDEBITCREDITID #DEBITID #CREDITDEBITCREDITDEBITCREDITDEBITCREDITASSETS10100Cash11,025.19 83,222.77 83,222.77 83,222.77 10200Accounts receivable11,065.00 48,149.00 48,149.00 48,149.00 10300Allowance for doubtful accounts3,250.81 (1,149.19)(1,149.19)(1,149.19)10400Inventory101,681.00 183,744.00 183,744.00 183,744.00 10600Marketable securities20,615.00 20,615.00 20,615.00 10800Fixed assets320,665.00 331,731.40 331,731.40 331,731.40 10900Accumulated depreciation81,559.50 81,559.50 81,559.50 81,559.50 LIABILITIES20100Accounts payable11,279.35 7,952.01 7,952.01 7,952.01 20300Federal income taxes withheld1,326.76 1,450.00 1,450.00 1,450.00 20400State unemployment taxes payable281.17 110.44 110.44 110.44 20500Federal unemployment taxes payable83.31 18.67 18.67 18.67 20600F.I.C.A. taxes payable1,593.30 2,229.32 2,229.32 2,229.32 20700Federal incomes taxes payable29,797.00 0.00 0.00 20900Interest payable0.00 0.00 21000Notes payable47,000.00 47,000.00 47,000.00 STOCKHOLDERS' EQUITY26000Common stock225,000.00 221,215.00 221,215.00 221,215.00 29000Retained earnings90,264.99 90,264.99 90,264.99 90,264.99 REVENUE AND GROSS PROFIT30100Sales1,600,759.00 1,600,759.00 1,600,759.00 30200Sales returns and allowances61,106.00 61,106.00 61,106.00 30300Sales discounts taken15,603.34 15,603.34 15,603.34 30400

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