Scribd
Upload
110 views2 pages

Baf3m 03.06.01

This worksheet summarizes Weaver Enterprises' trial balance for the month ended December 31, with adjustments to calculate the company's income statement and balance sheet. The trial balance shows opening balances for assets like cash, accounts receivable, inventory and equipment totaling $105,900. Liabilities include accounts payable, a bank loan, capital and drawings totaling $105,900. Adjustments are made to record expenses for supplies, bad debts, depreciation and interest payable. The income statement reports revenues of $260,000 and expenses of $290,540, resulting in net income of $26,460. The adjusted balance sheet lists total assets of $77,300 equal to total liabilities and equity of $

Uploaded by

Rakan Wael
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
110 views2 pages

Baf3m 03.06.01

This worksheet summarizes Weaver Enterprises' trial balance for the month ended December 31, with adjustments to calculate the company's income statement and balance sheet. The trial balance shows opening balances for assets like cash, accounts receivable, inventory and equipment totaling $105,900. Liabilities include accounts payable, a bank loan, capital and drawings totaling $105,900. Adjustments are made to record expenses for supplies, bad debts, depreciation and interest payable. The income statement reports revenues of $260,000 and expenses of $290,540, resulting in net income of $26,460. The adjusted balance sheet lists total assets of $77,300 equal to total liabilities and equity of $

Uploaded by

Rakan Wael
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
You are on page 1/ 2

Weaver Enterprises

Worksheet
For the month ended December 31, 20--
Account Acc No. Trial Balance
Debit Credit
Cash 100 1000
Accounts Receivable 102 5000
Merchandise Inventory Jan. 1 120 60000
Allowance for Bad Debts 103 20
Supplies 131 900
Equipment 141 9000
Acc. Depr - Equipment 142 3000
Accounts Payable 200 1800
Bank Loan 221 5000
A. Weaver, Capital 300 36080
A. Weave, Drawings 301 5000
Sales 400 260000
Purchases 500 100000
Advertising 510 5000
Office Expense 511 4000
Store Expense 512 15000
Interest Expense 513 1000
Office Salaries 514 25000
Store Salaries 515 75000
305900 305900
Supplies Expense 516
Bad Debts Expense 517
Depr. Equip. - Expense 518
Interest Payable 222
Salaries Payable 223

Net Income
Weaver Enterprises
Worksheet
r the month ended December 31, 20--
Adjustments Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit
1000
5000
60000 57000 57000
1580 (b) 1600
600 (a) 300
9000
1440 (c) 4440
1800
5000
36080
5000
260000
100000
5000
4000
15000
120 (d) 1120
25000
1800 (e) 76800

600 (a) 600


1580 (b) 1580
1440 (c) 1440
120 (d) 120
1800 (e) 1800
5540 5540 290540 31700 77300 50840
26460 26460
31700 31700 77300 77300

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy