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Unformatted text preview: 3. Post the adjusting entries 4. Using a worksheet, enter the trial balance and adjusting entries, and prepare the adjusted trial balance. 5. Prepare the income statement, the statement of changes in owners’ equity (retained earnings) and the balance sheet (non-classified). Larry's Lawn Chairs Ltd. Accounting Worksheet 31-Dec-10 (amounts in thousands) Debit Credit Cash 198 $ Accounts Receivable 370 Supplies 6 Equipment & Vehicles 100 Accumulated Amortization - Equip. & Vehicles 40 $ Building 250 Accumulated Amortization - Building 130 Accounts Payable 380 Salary Payable-Unearned Service revenue 54 Income tax payable-Common shares 100 Retained earnings 193 Dividends 65 Service revenue 296 Salary Expense 175 Supplies expense 10 Miscellaneous expense 19 1,193 $ 1,193 $ Trial Balance...
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This note was uploaded on 11/04/2011 for the course ACTG 1P11 taught by Professor Nchasse during the Fall '11 term at Brock University.
- Fall '11
- Trial Balance