Unadjusted R Interiors End of Period Spreadsheet (Worksheet) January 31, 2019 Adjustments Adjusted Income Statement Balance sheet Equipment Accumulated Truck Cash Supplies Account Prepaid Insurance Depreciation-Equipment Accumulated Depreciation-Truck Trial Balance Debit Credit Debit Credit Trial Balance Debit Credit Debit Credit Debit Credit $ 13,100 $ 13,100 $ 13,100 8,000 5.150 a. 2,850 2,850 7.500 3,150 b. 4,350 113,000 113,000 4,350 113,000 $12,000 5,250 e $17,250 $ 17,250 90,000 90,000 90,000 $ 27,100 4,000 d $31,100 Accounts Payable Wages Payable JM Capital 4,500 4,500 $31,100 4,500 900 e 900 900 126,400 126,400 126,400 JM Drawing Service Revenue Wages Expense 3,000 3,000 3,000 155.000 155.000 155.000 72,000 900 72,900 72.900 Rent Expense 7,600 7,600 7,600 Truck Expense 5,350 5,350 5,350 Depreciation Expense-Equipment 5,250 5,250 5,250 Supplies Expense 5,150 5.150 5,150 Depreciation Expense-Equipment d. 4,000 4,000 4,000 Insurance Expense b. 3.150 3,150 3,150 Miscellaneous Expense 5.450 5.450 5.450 Total $325,000 $325.000 S 18.450 S 18.450 $335.150 $335.150 $108,850 $155,000 $226,300 Net Income 46,150 155.000 155.000 226.300 $226,300 $180,150 46,150
Unadjusted R Interiors End of Period Spreadsheet (Worksheet) January 31, 2019 Adjustments Adjusted Income Statement Balance sheet Equipment Accumulated Truck Cash Supplies Account Prepaid Insurance Depreciation-Equipment Accumulated Depreciation-Truck Trial Balance Debit Credit Debit Credit Trial Balance Debit Credit Debit Credit Debit Credit $ 13,100 $ 13,100 $ 13,100 8,000 5.150 a. 2,850 2,850 7.500 3,150 b. 4,350 113,000 113,000 4,350 113,000 $12,000 5,250 e $17,250 $ 17,250 90,000 90,000 90,000 $ 27,100 4,000 d $31,100 Accounts Payable Wages Payable JM Capital 4,500 4,500 $31,100 4,500 900 e 900 900 126,400 126,400 126,400 JM Drawing Service Revenue Wages Expense 3,000 3,000 3,000 155.000 155.000 155.000 72,000 900 72,900 72.900 Rent Expense 7,600 7,600 7,600 Truck Expense 5,350 5,350 5,350 Depreciation Expense-Equipment 5,250 5,250 5,250 Supplies Expense 5,150 5.150 5,150 Depreciation Expense-Equipment d. 4,000 4,000 4,000 Insurance Expense b. 3.150 3,150 3,150 Miscellaneous Expense 5.450 5.450 5.450 Total $325,000 $325.000 S 18.450 S 18.450 $335.150 $335.150 $108,850 $155,000 $226,300 Net Income 46,150 155.000 155.000 226.300 $226,300 $180,150 46,150
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 20CE
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Question
Make a

Transcribed Image Text:Unadjusted
R Interiors
End of Period Spreadsheet (Worksheet)
January 31, 2019
Adjustments
Adjusted
Income Statement
Balance sheet
Equipment
Accumulated
Truck
Cash
Supplies
Account
Prepaid Insurance
Depreciation-Equipment
Accumulated Depreciation-Truck
Trial Balance
Debit
Credit
Debit
Credit
Trial Balance
Debit
Credit
Debit
Credit
Debit
Credit
$ 13,100
$ 13,100
$ 13,100
8,000
5.150 a.
2,850
2,850
7.500
3,150 b.
4,350
113,000
113,000
4,350
113,000
$12,000
5,250 e
$17,250
$ 17,250
90,000
90,000
90,000
$ 27,100
4,000 d
$31,100
Accounts Payable
Wages Payable
JM Capital
4,500
4,500
$31,100
4,500
900 e
900
900
126,400
126,400
126,400
JM Drawing
Service Revenue
Wages Expense
3,000
3,000
3,000
155.000
155.000
155.000
72,000
900
72,900
72.900
Rent Expense
7,600
7,600
7,600
Truck Expense
5,350
5,350
5,350
Depreciation Expense-Equipment
5,250
5,250
5,250
Supplies Expense
5,150
5.150
5,150
Depreciation Expense-Equipment
d.
4,000
4,000
4,000
Insurance Expense
b.
3.150
3,150
3,150
Miscellaneous Expense
5.450
5.450
5.450
Total
$325,000 $325.000
S 18.450 S 18.450
$335.150 $335.150 $108,850 $155,000 $226,300
Net Income
46,150
155.000 155.000 226.300 $226,300
$180,150
46,150
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