At Home Pet Grooming Worksheet Month Ended December Trial Balance Adjustments Ac

Question

At Home Pet Grooming Worksheet Month Ended December Trial Balance Adjustments Account Name Debit Credit Debit Credit Cash Accounts receivable Supplies Prepaid advertising Equipment Accumulated depreciation-Equipment Accounts payable Shara Johns, Capital Shara Johns, Drawing Fees income Salaries expense Utilities expense Supplies expense Advertising expense Depreciation expense-Equipment Totals Net income $ 32,050 5,450 6,000 4,000 21,000 2,100 1,900 580 6,000 45,500 3,000 26,600 5,800 800 2,100 1,900 580 $ 78,100$ 78,100 $ 4,580$ 4,580

Explanation / Answer

trial balance Adjustments Adjusted TB income statement Balance DR CR DR CR DR CR DR CR DR CR Cash 32,050 32,050 32,050 A/R 5,450 5,450 5,450 Supplies 6,000 2,100 3900 3,900 pre adver 4,000 1,900 2100 2,100 Equpment 21,000 21,000 21,000 accum dep 580 580 580 A/P 6,000 6,000 6,000 SJ,capital 45,500 45,500 45,500 SJ,drawing 3,000 3,000 3,000 Fees income 26,600 26,600 26,600 sal exp 5,800 5,800 5,800 utilities exp 800 800 800 supp exp 2,100 2,100 2,100 Adv exp 1,900 1,900 1,900 dep exp 580 580 580 totals 78,100 78100 4580 4580 78,680 78680 11180 26,600 67,500 52080 net income 15,420 15,420 26,600 26,600 67,500 67,500

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