Balance Ref Debit Credit Balance 80000 80000 15000 80000 c 13200 28200 80000

Balance ref debit credit balance 80000 80000 15000

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Balance Ref Debit Credit Balance 80,000 80,000 15,000 80,000 c 13,200 28,200 80,000 28,200 80,000 Prof. Library Accum Depr Library Ref Debit Credit Balance Ref Debit Credit Balance 35,000 35,000 10,000
35,000 d 7,200 17,200 Salaries payable Accounts Payable Ref Debit Credit Balance Ref Debit Credit Balance g 400 400 26,000 26,000 400 26,000 400 26,000 26,000 Uneanred Income (Unearned Fees) Capital Ref Debit Credit Balance Ref Debit Credit Balance 12,500 12,500 90,000 90,000 5,000 7,500 90,000 90,000 90,000 Draw Tuition and Fees earned Ref Debit Credit Balance Ref Debit Credit Balance 50,000 50,000 123,900 123,900 50,000 f 7,500 131,400 50,000 131,400 50,000 Training fees earned Utility Expense Ref Debit Credit Balance Ref Debit Credit Balance 40,000 40,000 6,400 6,400 f 5,000 45,000 6,400
45,000 6,400 6,400 Depreciation exp - Equipmt Salary Expense Ref Debit Credit Balance Ref Debit Credit Balance c 13,200 13,200 50,000 13,200 g 400 50,400 13,200 50,400 13,200 50,400 rent Expense Teach Supply Expense Ref Debit Credit Balance Ref Debit Credit Balance 33,000 b 5,200 5,200 h 3,000 36,000 5,200 36,000 5,200 36,000 5,200 Insurance expense Depr Expense Prof Library Ref Debit Credit Balance Ref Debit Credit Balance a 2,400 2,400 d 7,200 7,200 2,400 7,200 2,400 7,200 2,400 7,200 Advertising Expense Ref Debit Credit Balance 6,000 6,000 6,000
Adjusted Trail Balance TRIAL BALANCE Adjusted TB Accounts DR CR Cash 34,000 Accounts Recievable 7,500 Teaching Supplies 2,800 Ppd Insurance 9,600 Ppd Rent - Professional Library 35,000 Accum Depr Library 17,200 Equipment 80,000 Accum Depr Equipment 28,200 Accounts Payable 26,000 Salaries Payable 400 Unearned tn Fees (Unearned Income 7,500 Capital 90,000 Draw 50,000 Tuition Fees Earned 131,400 Training Fees Earned 45,000 Depr Expense Prof Library 7,200 Depr Expense Equipment 13,200 Salary Expense 50,400 Insurance Expense 2,400 Rent Expense 36,000 Teach Supply Expense 5,200 Advertising Expense 6,000 Utility Expense 6,400 Totals 345,700 345,700
Katys Cooking School Income statement December 31 201X Revenue (Training and Tuition Fees) 176,400 Expenses Depr. Expense Library 13,200 Salaries Expense 50,400 Insurance Expense 2,400 Rent Expense 36,000 Teaching Supplies 5,200 Utilities Expense 6,400 Advertising Expense 6,000 Depr Expense Equipment 7,200 Total Expenses 126,800 Net Income 49,600 Katys Cooking School Statement of Owners Equity December 31 201X Statement of owner equity Beginning Equity 90,000 + 49,600
- 50,000 Ending equity 89,600 Katys Cooking School Balance Sheet December 31 201X Assets Cash 34,000 Accounts Rec. 7,500 Teaching Supp. 2,800 Prepaid Ins. 9,600 Prof. Lib 35,000 Acc. Dep Pro. Lib 17,200 17800 Equipment 80,000 Acc. Dep. Equ. 28,200 51800 Net equipment Total Assets 123,500 Liabilities Acct. Payable 26,000 Salaries Payable 400 Un. Trn. Fees 7,500 Total Liabilities 33,900 EQUITY
Equity 89,600 Total Liabilities and Equity 123,500

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