E3-22 - 31,072 Totals $37,722 $37,722 $46,222 Madrasah Co...

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Sladjana Vasic Homework E3-22 Madrasah Co. Worksheet For the Month Ended April 30, 2010 Account Titles Adjusted Trail Balance Income Statement Capital Balance Debit Credit Debit Credit Debit Credit Debit Cash $18,972 $18,972 AR 6,920 6,920 Prepaid Rent 2,280 2,280 Equipment 18,050 18,050 Accumulated Depriciation 4,895 Notes Payeble 5,700 AP 4,472 Madrasah, Capital 34,960 $34,960 Madrasah, Drawing 6,650 6,650 Service Revenue 12,590 $12,590 Salaries Expense 6,840 6,840 Rent Expense 2,760 2,760 Depriciation Expense 145 145 Interest Expense 83 83 Interest Payable 83 RE Totals $62,700 $62,700 Net Income 2,762 2,762 Totals $12,590 $12,590 End Capital
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Unformatted text preview: 31,072 Totals $37,722 $37,722 $46,222 Madrasah Co. Balance Sheet April 30, 2010 Assets Debit Credit Cash $18,972 AR 6,920 Prepaid Rent 2,280 Total Current Assets 28,172 Equipment 18,050 Accumulated Depriciation 4895 Total Assets $41,327 Liabilities and Owner's Equity Notes Payable $5,700 AP 4472 Interest Payable 83 Total Current Liabilities $10,255 Owner's Equity Madrasah Co. Capital $31,072 Total Liabilities and Owner's Equity $41,327 e Sheet Credit 4,895 5,700 4,472 83 31,072 $46,222...
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E3-22 - 31,072 Totals $37,722 $37,722 $46,222 Madrasah Co...

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