ABC Co TRIAL BALANCE (UNADJUSTED) AS ON DEC 31, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $30,000 Accounts receivable 40,000 Prepaid Advertisement 12,000 Interest receivable 10,000 Prepaid repair expense - Auto 8,000 Notes receivable (due in 90 days) 168,000 Office supplies 16,000 Automobiles 168,000 Accumulated depreciationAutomobiles $50,000 Equipment 138,000 Accumulated depreciationEquipment 18,000 Land 78,000 Accounts payable 96,000 Interest payable 20,000 Salaries payable 19,000 Unearned fees 30,000 Long-term notes payable 138,000 Samara, Capital 255,800 Samara, Withdrawals 46,000 Fees revenue 484,000 Interest income 24,000 Depreciation expenseAutomobiles 0 Depreciation expenseEquipment 0 Salaries expense 188,000 Wages expense 66,000 Interest expense 50,000 Office supplies expense 34,000 Advertising expense 58,000 Repairs expenseAutomobiles 24,800 Totals $1,134,800 $1,134,800 ADJUSTMENTS REQUIRED ON DEC 31: Note 1: Depreciation expense of Automobile for the period ending on December 31st is $26,000 Note 2: Depreciation expense of Equipment for the period ending on December 31st is $18,000 Note 3: Salaries amounting $2,000 is still payable Note 4: Interest income amounting $1,200 has been earned but not received yet. Note 5: Repairs expenseAutomobiles amounting $600 included in Prepaid repair expense - Auto has been incurred but not recorded yet Note 6: Fees amounting $2,400 included above as unearned fees has been earned.

ABC Co TRIAL BALANCE (UNADJUSTED) AS ON DEC 31, 2020 Adjustments Debit Credit Adjusted Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Cash Accounts receivable Prepaid Advertisement Interest receivable Prepaid repair expense - Auto Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Samara, Capital Samara, Withdrawals Fees revenue Interest income Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals Unadjusted Trial Balance Debit Credit $30,000 40,000 12,000 10,000 8,000 168,000 16,000 168,000 $50,000 138,000 18,000 78,000 96,000 20,000 19,000 30,000 138,000 255,800 46,000 484,000 24,000 0 188,000 66,000 50,000 34,000 58,000 24,800 $1,134,800 $1,134,800 ADJUSTMENTS REQUIRED ON DEC 31: Note 1: Depreciation expense of Automobile for the period ending on December 31st is $26,000 Note 2: Depreciation expense of Equipment for the period ending on December 31st is $18,000 Note 3: Salaries amounting $2,000 is still payable Note 4: Interest income amounting $1,200 has been earned but not received yet. Note 5: Repairs expense-Automobiles amounting $600 included in Prepaid repair expense - Auto has been incurred but not recorded yet Note 6: Fees amounting $2,400 included above as unearned fees has been earned