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    Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. CR

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    Maharani Sinurat
    The document is a worksheet and balance sheet for Watson Answering Service for the month ended August 31, 2012. It shows trial balances, adjustments, income statement and balance sheet accounts. It records a net loss of $1,400 for the period which reduces owner's capital on the balance sheet. Key figures include total current assets of $11,400, equipment of $60,000, total liabilities of $42,900, and owner's equity of $27,600.

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    Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. CR

    Uploaded by

    Maharani Sinurat
    229 views3 pages
    The document is a worksheet and balance sheet for Watson Answering Service for the month ended August 31, 2012. It shows trial balances, adjustments, income statement and balance sheet accounts. It records a net loss of $1,400 for the period which reduces owner's capital on the balance sheet. Key figures include total current assets of $11,400, equipment of $60,000, total liabilities of $42,900, and owner's equity of $27,600.

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    jawaban uas

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    The document is a worksheet and balance sheet for Watson Answering Service for the month ended August 31, 2012. It shows trial balances, adjustments, income statement and balance sheet accounts. It records a net loss of $1,400 for the period which reduces owner's capital on the balance sheet. Key figures include total current assets of $11,400, equipment of $60,000, total liabilities of $42,900, and owner's equity of $27,600.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    229 views3 pages

    Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. CR

    Uploaded by

    Maharani Sinurat
    The document is a worksheet and balance sheet for Watson Answering Service for the month ended August 31, 2012. It shows trial balances, adjustments, income statement and balance sheet accounts. It records a net loss of $1,400 for the period which reduces owner's capital on the balance sheet. Key figures include total current assets of $11,400, equipment of $60,000, total liabilities of $42,900, and owner's equity of $27,600.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Trial Adjusted Trial Income Balance

    Balance Adjustments Balance Statement Sheet


    Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
    Cash 5,400 5,400 5,400
    Accounts Receivable 2,800 2,800 2,800
    Supplies 1,300 (b) 300 1,000 1,000
    Prepaid Insurance 2,400 (a) 200 2,200 2,200
    Equipment 60,000 60,000 60,000
    Notes Payable 40,000 40,000 40,000
    Accounts Payable 2,400 2,400 2,400
    Owner’s Capital 30,000 30,000 30,000
    Owner’s Drawings 1,000 1,000 1,000
    Service Revenue 4,900 4,900 4,900
    Salaries and
    Wages Expense 3,200 3,200 3,200
    Utilities Expense 800 800 800
    Advertising Expense 400 400 400
    Totals 77,300 77,300

    Insurance Expense (a) 200 200 200


    Supplies Expense (b) 300 300 300
    Depreciation Expense (c) 900 900 900
    Accumulated Depreciation—
    Equipment (c) 900 900 900
    Interest Expense (d) 500 500 500
    Interest Payable (d) 500 500 500
    Totals 1,900 1,900 78,700 78,700 6,300 4,900 72,400 73,800
    Net Loss 1,400 1,400
    Totals 6,300 6,300 73,800 73,800
    (b)
    WATSON ANSWERING SERVICE
    Worksheet for the Month Ended August 31, 2012
    ( WATSON ANSWERING
    b SERVICE
    ) Balance
    Sheet
    August 31,
    2012

    Current A
    assets s
    s
    e
    t
    s
    Cash $ 5,400
    Accounts receivable 2,800
    Supplies 1,000
    Prepaid insurance 2,200
    Total current assets
    $11,400
    Property, plant, and equipment
    Equipment 60,000
    Less: Accumulated depreciation—equipment 900 59,100
    Total assets
    $70,500
    Liabilities and Owner’s Equity
    Current
    liabilities
    Notes payable
    $ 5,000
    Accounts payable
    2,400
    Interest payable
    500
    Total current liabilities
    $ 7,900
    Long-term liabilities
    Notes payable 35,000
    Total liabilities
    42,900
    Owner’s equity
    Owner’s capital
    27,600* Total liabilities and owner’s equity
    $70,500

    *Owner’s capital, $30,000 less drawings $1,000 and net loss $1,400.

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