A Byte of Accounting, Inc.

Worksheet

For Period Ending June 30, 2017

Account

Unadjusted Trial Balance

Adjusting Entries

Adjusted Trial Balance

Income Statement

Number

Name

Debit

Credit

Debit

Credit

Debit

Credit

Debit

Credit

1110

Cash

69,128.56

-

531.00

-

69,659.56

-

1120

Accounts Receivable

-

3,111.00

5,500.00

-

2,389.00

-

1130

Prepaid Insurance

5,976.00

-

5,727.00

-

11,703.00

-

1140

Prepaid Rent

5,400.00

-

-

1,350.00

4,050.00

-

1150

Office Supplies

580.00

-

-

236.00

344.00

-

1211

Office Equip.

2,259.00

-

-

-

2,259.00

-

1212

Accum. Depr.-Office Equip.

-

-

-

350.00

-

350.00

1311

Computer Equip.

125,435.00

-

-

-

125,435.00

-

1312

Accum. Depr.-Computer Equip.

-

-

-

6,650.00

-

6,650.00

1411

Building Cost

19,000.00

-

-

-

19,000.00

-

1412

Accum. Depr.-Building

-

-

7,000.00

-

7,000.00

-

1510

Land

100,000.00

-

-

-

100,000.00

-

2101

Accounts Payable

3,720.00

-

-

-

3,720.00

-

2102

Advanced Payments

-

-

-

-

-

-

2103

Interest Payable

-

-

-

1,748.92

-

1,748.92

2105

Salaries Payable

885.00

-

-

531.00

354.00

-

2106

Income Taxes Payable

-

-

-

-

-

-

2201

Mortgage Payable

-

88,100.00

-

-

-

88,100.00

2202

Notes Payable

-

90,500.00

-

-

-

90,500.00

3100

Capital Stock

-

128,464.00

-

-

-

128,464.00

3200

Retained Earnings

-

-

-

-

-

-

3300

Dividends

-

1,218.56

-

-

-

1,218.56

4100

Computer & Consulting Revenue

-

6,750.00

-

5,500.00

-

12,250.00

5010

Rent Expense

-

-

1,350.00

-

1,350.00

-

5020

Salary Expense

885.00

-

-

-

885.00

-

5030

Advertising Expense

-

1,115.00

-

-

-

1,115.00

5040

Repairs & Maint. Expense

-

-

-

-

-

-

5050

Oil & Gas Expense

990.00

-

-

-

990.00

-

5080

Supplies Expense

-

-

236.00

-

236.00

-

5090

Interest Expense

4,000.00

-

1,748.92

-

5,748.92

-

5100

Insurance Expense

-

-

-

5,727.00

-

5,727.00

5110

Depreciation Expense

-

-

-

-

-

-

5120

Income Tax Expense

-

-

-

-

-

-

TOTAL

338,258.56

319,258.56

22,092.92

22,092.92

355,123.48

336,123.48

NET INCOME

GOOD: Please answer these using info above

A Byte of Accounting, Inc.
Income Statement
For Month Ending June 30, 2017
Revenues
	Computer & Consulting Revenue
Expenses
	Rent Expense
	Salary Expense
	Advertising Expense
	Repairs & Maint. Expense
	Oil & Gas Expense
	Supplies Expense
	Interest Expense
	Insurance Expense
	Depreciation Expense
Total
Net Income Before Tax
Income Tax Expense (Round to two decimal places)
Net Income After Tax

`

A Byte of Accounting, Inc.

Statement of Changes in Retained Earnings

For Month Ending June 30, 2017

Total

Balance, Beginning of Period

Net Income

Dividends

Balance, End of Period

A Byte of Accounting, Inc.
Balance Sheet
As of June 30, 2017
Assets
Current Assets
	Cash
	Accounts Receivable
	Prepaid Insurance
	Prepaid Rent
	Office Supplies
	Total
Long-Term Assets
	Office Equip.
	Accum. Depr.-Office Equip.
	Computer Equip.
	Accum. Depr.-Computer Equip.
	Building Cost
	Accum. Depr.-Building
	Land
	Total
Total Assets
Liabilities
Current Liabilities
	Accounts Payable
	Advanced Payment
	Interest Payable
	Salaries Payable
	Income Taxes Payable
	Total
Long-Term Liabilities
	Mortgage Payable
	Notes Payable
	Total
	Total Liabilities
Stockholder's Equity
	Capital Stock
	Retained Earnings
	Total
Total Liabilities and Stockholder's Equity