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Doctora (DR - Nickmarasigan) Worksheet

The trial balance shows account balances before and after adjustments. Adjustments were made for medical supplies, prepaid insurance, unearned research revenues, salaries payable, interest payable, and depreciation expense for the medical building and equipment. The adjusted trial balance includes the adjustments and will be used to prepare the income statement and balance sheet.

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kianna doctora
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160 views2 pages

Doctora (DR - Nickmarasigan) Worksheet

The trial balance shows account balances before and after adjustments. Adjustments were made for medical supplies, prepaid insurance, unearned research revenues, salaries payable, interest payable, and depreciation expense for the medical building and equipment. The adjusted trial balance includes the adjustments and will be used to prepare the income statement and balance sheet.

Uploaded by

kianna doctora
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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TRIAL BALANCE ADJUSTMENTS

No. ACCOUNT TITLE Dr Cr Dr


110 Cash 114,000
120 Accounts Receivable 204,000
130 Medical Supplies 56,000 b.
140 Prepaid Insurance 20,000 a.
150 Land 250,000
160 Medical Building 1,000,000
165 Acc Depreciation - Medical Building c.
170 Medical Equipment 465,000
175 Acc. Depreciation - Medical Equipment c.
210 24% Notes Payable 400,000
220 20% Notes Payable 1,200,000
230 Accounts Payable 49,000
240 Salaries Payable e.
250 Interest Payable f.
260 Unearned Research Revenues 90,000 d. 30,000
310 Marasigan, Capital 250,000
320 Marasigan, Withdrawals 200,000
410 Medical Revenues 434,000
420 p99yi d.
510 Salaries Expense 73,000 e. 51,000
520 Insurance Expense a. 1,667
530 Repairs Expense 23,000
540 Supplies Expense b. 35,000
550 Association Dues Expense 15,000
560 Telephone Expense 3,000
570 Depreciation Expense - Medical Building c. 5,000
580 Depreciation Expense - Medical Equipment c. 9,000
590 Interest Expense f. 28,000
2,423,000 2,423,000 159,667
Dr. Nick Marasigan
Worksheet
For the period ended October 31, 2020

ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET


Cr Dr Cr Dr Cr Dr Cr
114,000 114,000
204,000 204,000
35,000 21,000 21,000
1,667 18,333 18,333
250,000 250,000
1,000,000 1,000,000
5,000 5,000 5,000
465,000 465,000
9,000 9,000 9,000
400,000 400,000
1,200,000 1,200,000
49,000 49,000
51,000 51,000 51,000
28,000 28,000 28,000
60,000 60,000
250,000 250,000
200,000 200,000
434,000 434,000
30,000 30,000 30,000
124,000 124,000
1,667 1,667
23,000 23,000
35,000 35,000
15,000 15,000
3,000 3,000
5,000 5,000
9,000 9,000
28,000 28,000
159,667 2,516,000 2,516,000 243,667 464,000 2,272,333 2,052,000
220,333 220,333
464,000 464,000 2,272,333 2,272,333

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