The adjusted trial balance columns of the work sheet for Jose Tortilla Company are as follows: LO8 Prepare correcting entries.

(SO 5)

Prepare the current assets section of a balance sheet.

(SO 6)

Complete work sheet.

(SO 1)

JOSE TORTILLA COMPANY Work Sheet (partial)

For the Month Ended April 30, 2004 Adjusted Trial Income Balance Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr.

Cash 15,052 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation 4,921 Notes Payable 5,700 Accounts Payable 5,972 Common Stock 30,000 Retained Earnings 3,960 Dividends 3,650 Service Revenue 12,590 Salaries Expense 9,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable 57 Totals 63,200 63,200

(f ) _____ Post to ledger accounts.

(g) _____ Prepare a post-closing trial balance.

(h) _____ Prepare an adjusted trial balance.

(i) _____ Analyze business transactions.

Identify post-closing trial balance accounts.

(SO 3)

Instructions Complete the work sheet.