Bach
Bach
Bach
End-of-Period Spr
For the Year Ende
Equipment 20000
Accumulated
Depreciation--
Equipment 2000
Wages payable 0
Insurance expense 0
Depreciation expense 0
Supplies expense 0
Miscellaneous
expense 1000
Total 152000 152000
Net income
Total
b. Supplies on hand,
$1000
c. Insurance
premiums expired,
$5000
d. Depreciation
expense, $2000
e. Wages accrued,
but not paid, $2000
Midtown Repair Company.
End-of-Period Spreadsheet (Work Sheet)
For the Year Ended December 31, 2020
0
Less:Jones, Withdrawals 4000
Jones, Capital, Ending 100000
Midtown Repair Company
Balance Sheet
Assets
cash 8000
Accounts Receivable 44000
Supplies 1000
Prepaid Insurance 1000
Land 50000
Equipment 20000
Accumulated Depreciation--Equipment 4000