1) Prepare an Income Statment

2) Retained Earnings Statment

3) Balance Sheet

I Adjustments Dr. Ref 36 Income Statement Dr. Cr. Cr. Cr. Balance Sheet Dr. 40,936 60,552 63,000 11,000 1,500 Unadjusted Trial Balance Cr. Ref 40,900 60,552 74,000 1,500 201,000 2,000 16,000 4 130,000 47.000 380,000 180,000 11,500 52,000 1,100 500 1 ,100 199,900 1,500 17,100 130,000 47,000 Adjusted Trial Balance Cr. 40,936 60,552 63,000 1,500 199,900 1,500 17,100 130,000 94.000 380,000 180,000 23,000 52,000 30,000 3,000 94 17.500 8,200 94,000 380,000 180,000 11,500 23,000 52,000 30,000 3,000 30,000 3,000 10 94 17,500 Acc. # Account Titles 1010 Cash 1020 Cash in Savings Account 1030 Accounts Receivable 1035 Allowance for Doubtful Accounts 1040 Merchandise Inventory 1050 Prepaid Insurance 1060 Supplies 1510 Office Equipment 1515 Accum. Depr. - Office Equip. 1520 Land 1530 Building 1535 Accum. Depr. - Bldg. 2010 Accounts Payable 2020 Wages & Salaries Payable 2030 Uneamed Rent Revenue 2040 Interest Payable 2050 Income Taxes Payable 2500 Dividends Payable 2700 Notes Payable 2800 Mortgage Notes Payable 3000 Common Stock 3800 Retained Eamings 3900 Dividends 4010 Sales Revenue 4100 Sales Retums and Allowances 4150 Sales Discounts 5010 Cost of Goods Sold 6000 Wage & Salary Expense 6010 Insurance Expense 6020 Utilities Expense 6030 Supplies Expense 6040 Depreciation Expense - Bldg. 6050 Depreciation Expense - Equip. 6060 Bad Debt Expense 7000 Interest Expense 7100 Interest Revenue 7150 Rent Revenue 9000 Income Tax Expense Totals Net Income Totals 200,000 190,000 470,000 200,000 190,000 470,000 17.500 8,200 45,000 200,000 190,000 470,000 6,000 14,200 14,200 2,152,200 2,152,200 2,152,200 7,200 15,600 1,202,075 685,000 4,000 73,800 26,000 5,500 11,000 30.000 500 7,200 15,600 1,202,075 715,000 4500 73,800 26,000 17,000 58,000 11,000 4,219 7,200 15,600 1,202,075 715,000 5,000 73,800 26,000 6,000 12,000 11,000 4,219 588 11,500 47,000 11,000 94 4,125 552 36 588 3,000 588 3,000 10 3,000 17,500 121,7303,242,082 3,124,752 17.500 121,730 $3,124,752 3,242,082 2,155,788 1,087,188 2,078,482 77,306 2,155,788 1,134,294 77,306 1,211,600 2,155,788 1,087,188