A partially completed worksheet for Roy Anderson, CPA, for the month ending June 30, 2019, is shown below.

INSTRUCTIONS
1. Record the balances as of June 30 in the ledger accounts.
2. Prepare the worksheet.
3. Journalize (use 3 as the journal page number) and post the adjusting entries. Use account number 121 for Supplies; 131 for Computers; 142 for the Accumulated Depreciation account; 309 for Income Summary; 517 for Supplies Expense; 519 for Travel Expense; and 523 for Depreciation Expense.
4. Journalize (use 4 as the journal page number) and post the closing entries.
5. Prepare a postclosing trial balance.
Analyze: What is the reported net income for the month of June for Roy Anderson, CPA?

Transcribed Image Text:

Roy Anderson, CPA Worksheet Month Ended June 30, 2019 TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME CREDIT CREDIT 1 Cash 2 Accounts Receivable 319 50 00 11 3 4000 15 75 0 00 28 8 00 00 Supplies 2700 00 6 Accounts Payable 7Roy Anderson, Capital 2 88000 12 6 0000 62 23 5 00 Roy Anderson, Drawing 9 Fees Income o Salaries Expense 11 Supplies Expense 12 Depreciation Expense-tomputers 12 00000 67 950 00 3기 725 00 (a) 270 0 00 2 40 00 Travel Expense Utilities Expense 3 2 700 00 15 Totals 2 940 00 2940 00 ADJUSTED TRAL BALANCE BALANCE SHEET 831 3811 5 00 00 50000 82 20000 45 81 이 이 00 82 2 00008 8 400 00 8 400 00 46 0 N0 391500 139 51010100 17 6 0000 24| 9| 0|0.00| 7 1760 0 0018