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MATET'S BEAUTY SALON WORKSHEET SEPTEMBER 30, 2018 ACCOUNTS Trial Balance Adjustment Adjusted Trial Incom Balance Debit Credit Debit Credit Debit Credit Debit Cash 9,750 9,750 23,050 23,050 Equipment Supplies Accounts Payable Capital 4,950 (3)3,750 1,200 4,000 4,000 30,000 30,000 Drawings 3,500 3,500 Service Income 33,324 33,324 Advertising Expense Salaries Expense Utilities Expense Rent Expense TOTAL 1,474 1,474 1,474 (2)4,000 13,000 5,600 13,000 5,600 9,000 5,600 10,000 10,000 10,000 PG7,324 P67,324 (1)3,000 3,000 3,000 Depreciation, Equipment Accumulated Depreciation, (1)3,000 3,000 Equipment Accrved Salaries Expense (2)4,000 4,000 (3)3,750 3,750 3,750 Supplies Expense Sub-Total 10,750 10,750 74,324 74,324 36,824 Net Income to Capital Grand-Total 36,824

MATET'S BEAUTY SALON WORKSHEET SEPTEMBER 30, 2018 ACCOUNTS Trial Balance Adjustment Adjusted Trial Incom Balance Debit Credit Debit Credit Debit Credit Debit Cash 9,750 9,750 23,050 23,050 Equipment Supplies Accounts Payable Capital 4,950 (3)3,750 1,200 4,000 4,000 30,000 30,000 Drawings 3,500 3,500 Service Income 33,324 33,324 Advertising Expense Salaries Expense Utilities Expense Rent Expense TOTAL 1,474 1,474 1,474 (2)4,000 13,000 5,600 13,000 5,600 9,000 5,600 10,000 10,000 10,000 PG7,324 P67,324 (1)3,000 3,000 3,000 Depreciation, Equipment Accumulated Depreciation, (1)3,000 3,000 Equipment Accrved Salaries Expense (2)4,000 4,000 (3)3,750 3,750 3,750 Supplies Expense Sub-Total 10,750 10,750 74,324 74,324 36,824 Net Income to Capital Grand-Total 36,824

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Preparation of Statement of Financial Position
MATET'S BEAUTY SALON WORKSHEET SEPTEMBER 30, 2018 Adjusted Trial Statement of Financial Position ACCOUNTS Trial Balance Adjustment Income Statement Balance Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 9,750 23,050 4,950 9,750 23,050 1,200 9,750 23,050 Cash Equipment Supplies Accounts Payable Capital Drawings (3)3,750 1,200 4,000 4,000 4,000 30,000 30,000 30,000 3,500 3,500 3,500 Service Income 33,324 33,324 33,324 Advertising Expense Salaries Expense Utilities Expense Rent Expense TOTAL 1,474 13,000 5,600 10,000 1,474 1,474 9,000 5,600 (2)4,000 13,000 5,600 10,000 10,000 P67,324 P67,324 Depreciation, Equipment Accumulated Depreciation, (1)3,000 3,000 3,000 (1)3,000 3,000 3,000 Equipment Accrued Salaries Expense Supplies Expense Sub-Total (2)4,000 4.000 4,000 (3)3,750 10,750 3,750 74,324 3,750 10,750 74,324 36,824 33,324 37,500 41,000 Net Income to Capital Grand-Total 3,500 3,500 36,824 36,824 41,000 41,000
Transcribed Image Text:MATET'S BEAUTY SALON WORKSHEET SEPTEMBER 30, 2018 Adjusted Trial Statement of Financial Position ACCOUNTS Trial Balance Adjustment Income Statement Balance Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 9,750 23,050 4,950 9,750 23,050 1,200 9,750 23,050 Cash Equipment Supplies Accounts Payable Capital Drawings (3)3,750 1,200 4,000 4,000 4,000 30,000 30,000 30,000 3,500 3,500 3,500 Service Income 33,324 33,324 33,324 Advertising Expense Salaries Expense Utilities Expense Rent Expense TOTAL 1,474 13,000 5,600 10,000 1,474 1,474 9,000 5,600 (2)4,000 13,000 5,600 10,000 10,000 P67,324 P67,324 Depreciation, Equipment Accumulated Depreciation, (1)3,000 3,000 3,000 (1)3,000 3,000 3,000 Equipment Accrued Salaries Expense Supplies Expense Sub-Total (2)4,000 4.000 4,000 (3)3,750 10,750 3,750 74,324 3,750 10,750 74,324 36,824 33,324 37,500 41,000 Net Income to Capital Grand-Total 3,500 3,500 36,824 36,824 41,000 41,000
Natet's Beauty Salon Trial Balance September 30, 2018 Debit Credit Accounts 9,750 23,050 Cash Equipment Supplies Accounts Payable Capit al Drawings 4,950 4.000 30,000 3,500 33,324 Service Income Advertising Expense Salaries Expense Utilities Expense Rent Expense 1,474 9,000 5,600 10,000 P67,324 P67,324 TOTAL Ad justment Data: 1. Depreciation of the equipment P3,000 2. Accrved Expenses; Salaries Expense P4,000 3. Actval count of supplies showed a balance of P1,200 DEBIT CREDIT ACCOUNT TITLES AND EXPLANATION Depreciation, Equipment Accumulated Depreciation, Equipment To provide depreciation. DATE AJE1 3,000 3,000 Salaries Expense Accrved Salary Expense To provide accrved salary expense. AJE2 4,000 4,000 3,750 Supplies Expense(4,950 – 1,200) Supplies To provide supplies Expense AJE3 3,750
Transcribed Image Text:Natet's Beauty Salon Trial Balance September 30, 2018 Debit Credit Accounts 9,750 23,050 Cash Equipment Supplies Accounts Payable Capit al Drawings 4,950 4.000 30,000 3,500 33,324 Service Income Advertising Expense Salaries Expense Utilities Expense Rent Expense 1,474 9,000 5,600 10,000 P67,324 P67,324 TOTAL Ad justment Data: 1. Depreciation of the equipment P3,000 2. Accrved Expenses; Salaries Expense P4,000 3. Actval count of supplies showed a balance of P1,200 DEBIT CREDIT ACCOUNT TITLES AND EXPLANATION Depreciation, Equipment Accumulated Depreciation, Equipment To provide depreciation. DATE AJE1 3,000 3,000 Salaries Expense Accrved Salary Expense To provide accrved salary expense. AJE2 4,000 4,000 3,750 Supplies Expense(4,950 – 1,200) Supplies To provide supplies Expense AJE3 3,750
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