Trial balance Adjustments

Accounts Debit Credit Debit

Cash 100000.00
Accounts Receivable 101000.00
Allowance for Bad Debts 7000.00
Notes Receivable 465000.00
merchandise inventory 80000.00
office supplies 5000.00
prepaid insurance 15000.00
furnitures and fixtures 28000.00
accumulated depreciation- ff 8000.00
accounts payable 60000.00
notes payable 54000.00
mortgage payable 105000.00
farah capital 461600.00
farah drawing 30000.00
sales 888000.00
sales return and allowances 51000.00
sales discount 38000.00
purchases 550000.00
purchases return and allowances 25000.00
purchases discount 92000.00
freight in 18000.00
officer salaries 123000.00
sales salaries expense 8900.00 17000.00
utilities expense- office 90000.00
utilities expense- store 10200.00
office supplies expense 3000.00 1000.00
bad debt expense 5500.00
rent income 10000.00
interest income 25000.00
interest expense 20000.00
Total 1738600.00 1738600.00
adjustments
depriciation expense- ff 2500.00
insurance expense 8000.00
sales salaries payable
merchandise inventory - end 60000.00
income summary
Totals 88500.00
Net Income
Totals
Adjustments Adjusted trial balance Income Statement Balance Sheet
Credit Debit Credit Debit Credit Debit Credit
100000.00 100000.00
101000.00 101000.00
7000.00 7000.00
465000.00 465000.00
80000.00 80000.00
1000.00 4000.00 4000.00
8000.00 7000.00 7000.00
28000.00 28000.00
2500.00 10500.00 10500.00
60000.00 60000.00
54000.00 54000.00
105000.00 105000.00
461600.00 461600.00
30000.00 30000.00
888000.00 888000.00
51000.00 51000.00
38000.00 38000.00
550000.00 550000.00
25000.00 25000.00
92000.00 92000.00
18000.00 18000.00
123000.00 123000.00
25900.00 25900.00
90000.00 90000.00
10200.00 10200.00
4000.00 4000.00
5500.00 5500.00
10000.00 10000.00
25000.00 25000.00
20000.00 20000.00

2500.00 2500.00
8000.00 8000.00
17000.00 17000.00 17000.00
60000.00 60000
60000.00 60000.00 60000.00
88500.00 1818100.00 1818100.00 1023100.00 1103000.00 715100.00
79900.00 79900.00
1103000.00 1103000.00 795000.00 795000.00
 Trial balance Adjustments Adjusted trial balance Income Statement
Accounts Debit Credit Debit Credit Debit Credit Debit
Cash 100000.00 100000.00
Accounts Receivable 101000.00 101000.00
Allowance for Bad Debts 7000.00 7000.00
Notes Receivable 465000.00 465000.00
merchandise inventory 80000.00 80000.00 80000.00
office supplies 5000.00 1000.00 4000.00
prepaid insurance 15000.00 8000.00 7000.00
furnitures and fixtures 28000.00 28000.00
accumulated depreciation- ff 8000.00 2500.00 10500.00
accounts payable 60000.00 60000.00
notes payable 54000.00 54000.00
mortgage payable 105000.00 105000.00
farah capital 461600.00 461600.00
farah drawing 30000.00 30000.00
sales 888000.00 888000.00
sales return and allow 51000.00 51000.00 51000.00
sales discount 38000.00 38000.00 38000.00
purchases 550000.00 550000.00 550000.00
purchases return and 25000.00 25000.00 25000.00
purchases discount 92000.00 92000.00
freight in 18000.00 18000.00
officer salaries 123000.00 123000.00 123000.00
sales salaries expense 8900.00 17000.00 25900.00 25900.00
utilities expense- office 90000.00 90000.00 90000.00
utilities expense- store 10200.00 10200.00 10200.00
office supplies expense 3000.00 1000.00 4000.00 4000.00
bad debt expense 5500.00 5500.00 5500.00
rent income 10000.00 10000.00 10000.00
interest income 25000.00 25000.00
interest expense 20000.00 20000.00
Total 1738600.00 1738600.00
adjustments
depriciation expense- ff 2500.00 2500.00 2500.00
insurance expense 8000.00 8000.00 8000.00
sales salaries payable 17000.00 17000.00
Totals 28500.00 28500.00 1758100.00 1758100.00 1023100.00
Net Income 79900.00
Totals 1103000.00
Income Statement Balance Sheet
Credit Debit Credit
100000.00
101000.00
7000.00
465000.00
60000.00 60000.00
4000.00
7000.00
28000.00
10500.00
60000.00
54000.00
105000.00
461600.00
30000.00
888000.00

92000.00
18000.00

25000.00
20000.00

17000.00
1103000.00 715100.00
79900.00
1103000.00 795000.00 795000.00