DANIELS CONSULTING Adjusted Trial Balance - Worksheet (Before Clsoing Entries-Us

Question

DANIELS CONSULTING Adjusted Trial Balance - Worksheet (Before Clsoing Entries-Use for finacial statements) Adjusted Trial Balance 4 Account Names Debit Credit Cash Accounts Receivable Allowance for Bad Debts $ 689,323 1,100 8 312 9Office Supplies 10 Equipment 11 Software Inventory 12 Prepaid Rent 13 Accumulated Depreciation- Equipment 14 15 Accumulated Depreciation-Furniture 16 Land 17 Short Term Investment- T 15 7,200 300 840 Furniture 6,000 750 271,485 4,500 Trading 18VAdjustment Trading 1,500 1,010 900 19 Accounts Payable 20 Unearned Revenue 21 22 Long-term note payable 23 Bonds Payable 24 Discount on Bonds Payable 25Inerest Payable Salaries Payable 303,970 500,000 48,930 18,532 Adjusted Trial Balance

Explanation / Answer

Daniels Consulting Multi Step Income Statement Year Ended December 31,2017 Particulars Amount$ Amount$ Sales Revenue: $       1,02,915 Service Revenue $          34,100 Total Sales Revenue $       1,37,015 Less: Cost of Goods Sold: $         -56,610 Gross Profit $          80,405 Operating Expenses Office Salaries Expense $         -11,275 Office Rent Expense $         -27,200 Office Supplies Expense $               -455 Utilities expense $           -4,960 Total Operating Expenses $         -43,890 Operating Income $          36,515 Other Incomes and Expenses: Interest Revenue $                275 Bad debt expenses $               -488 Unrealised holding loss $           -1,500 Interest Expense $         -19,121 - Bank expense $               -113 Depreciation -Equipment $               -780 Depreciation -Furniture $               -700 Net Other Incomes and Expenses $         -22,427 Net Income $          14,088

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.