EYK5_1 - Account Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Finlay...

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Unformatted text preview: Account Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Finlay Interiors Work Sheet For Month Ended January 31, 2005 Balance Sheet Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement The heading should identify the entity, the document and the time period. Account Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Finlay Interiors Work Sheet For Month Ended January 31, 2005 Balance Sheet Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement The worksheet collects and summarizes the information used to prepare financial statements, adjusting entries and closing entries. Account Dr Cr Dr Cr Dr Cr Cash 8,070 Supplies 3,600 Prepaid insurance 2,400 Furniture 6,000 Accumulated amortization, furniture Accounts payable 200 Unearned consulting revenue 3,000 Notes Payable 6,000 Carol Finlay, capital 10,000 Carol Finlay, withdrawals 600 Consulting revenue 3,800 Rental revenue 300 Salaries expense 1,400 Rent expense 1,000 Utilities expense 230 For Month Ended January 31, 2005 Finlay Interiors Work Sheet Unadjusted Trial Balance Adjustments Adjusted Trial Balance Step 1 Enter the unadjusted trial balance on the worksheet Account Dr Cr Dr Cr Dr Cr Cash 8,070 Supplies 3,600 Prepaid insurance 2,400 Furniture 6,000 Accumulated amortization, furniture Accounts payable 200 Unearned consulting revenue 3,000 Notes Payable 6,000 Carol Finlay, capital 10,000 Carol Finlay, withdrawals 600 Consulting revenue 3,800 Rental revenue 300 Salaries expense 1,400 Rent expense 1,000 Utilities expense 230 Totals 23,300 23,300 For Month Ended January 31, 2005 Finlay Interiors Work Sheet Unadjusted Trial Balance Adjustments Adjusted Trial Balance These two columns totals must be in balance! Dr = Cr Account Dr Cr Dr Cr Dr Cr Cash 8,070 Supplies 3,600 Prepaid insurance 2,400 Furniture 6,000 Accumulated amortization, furniture Accounts payable 200 Unearned consulting revenue 3,000 Notes Payable 6,000 Carol Finlay, capital 10,000 Carol Finlay, withdrawals 600 Consulting revenue 3,800 Rental revenue 300 Salaries expense 1,400 Rent expense 1,000 Utilities expense 230 Totals 23,300 23,300 For Month Ended January 31, 2005 Finlay Interiors Work Sheet Trial Balance Adjustments Adjusted Trial Balance Step 2 Enter the adjustments directly onto the worksheet Account Dr Cr Dr Cr Dr Cr Cash 8,070 Supplies 3,600 Prepaid insurance 2,400 Furniture 6,000 Accumulated amortization, furniture Accounts payable 200 Unearned consulting revenue 3,000 Notes Payable 6,000 Carol Finlay, capital 10,000 Carol Finlay, withdrawals 600 Consulting revenue 3,800 Rental revenue 300 Salaries expense 1,400 Rent expense 1,000 Utilities expense 230 Totals 23,300 23,300 Insurance expense Supplies expense Amortization expense, furniture Salaries payable Interest expense Interest payable Accounts receivable For Month Ended January 31, 2005 Finlay Interiors Work Sheet Trial Balance Adjustments Adjusted Trial Balance You may need to add additional accounts Step 2 Enter the adjustments directly onto the worksheet Account...
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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EYK5_1 - Account Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Finlay...

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