A partially completed worksheet for Scott Wilson, CPA, for the month ending June 30, 2013, 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 post-closing trial balance.
Analyze:
What is the reported net income for the month of June for Scott Wilson, CPA?

Transcribed Image Text:

Scott Wilson, CPA Worksheet Month Ended June 30, 2013 TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME CREDIT 33 9 50 00 1 Cosh 2 Accounts Receivoble s Supplies 113 40 00 157 5 0 00 (o a) 2700 00 Computers s Accumuloted Depreciation Computers 6 Accounts Poyoble 288 0 0 00 (b) 240 00 28 8 0 00 12 60000 2 2 3 5 00 Scott Wiison, Copitol e Scott Wison, Orawing 12000 oo Fees Income o Salories Expense 11 Supplies Expense 2 Depreciation E Travel Expense 4 Utiities Expense 795D OD , 3772 500 a) 리7100100 2 4 0 00 xpeΛ mpoters 540 0 00 s Totols 145 6 6 5 00 45 6 6 5 00 2 914 o oo 2 940 0100 一 DJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET CREDIT CEBIT CREDIT 4 80000 12 00000 6000 00 15 60000 120 00000 64 8 00 00 12 0 0 0 00 15 60000 120 00 0 00 3000 00 18 0 0000 1644 00 00 3000006 18 0 00007 164 4 00008 1680 0100 16 8 0000 93 6 0000 93 60000 6000 00 240000 300000 28 80000 3 600 00 27910 0 이00 240000 3 0 0 0 00 28 8 0o 00 3 6 00 00 43 8 0000 49 8 0 0 00 93 600 00 279。0 이00 936 0 01 00 235 20 000 185|400100- 49 8 0 0 00 17 235 20 00018 93 6 0 0 00 235 20 0 00