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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F763981e3-c4fe-4807-9388-ae953c4249ce%2F0e1635d6-f744-4965-9378-2b9002bc2f19%2Fnvct18f_processed.jpeg&w=3840&q=75)
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F763981e3-c4fe-4807-9388-ae953c4249ce%2F0e1635d6-f744-4965-9378-2b9002bc2f19%2Fyhwcb5_processed.jpeg&w=3840&q=75)
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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