Acct 110 Critical Thinking 3.2 Cash Office Equipment Advertising Expense (a) 20,000 (b) 2,000 (g) 325 (b) 2,000 (d) 4,550 (c) 2,300 (0) 1,560 (e) 210 (m) 2,300 (g) 75 Utilities Expense (p) 900 (h) 550 Accounts Payable (n) 460 (k) 4,000 (O) 225 (g) 250 (1) 225 (i) 545 (n) 460 Bal 570 (9) 2,500 Salaries Expense (0) 600 (k) 4,000 Bal 16,390 Brenda Jo Smith, Capital (a) 20,000 Telephone Expense (e) 210 Accounts Receivable (0) 2,130 (i) 1,560 Brenda Jo Smith, Drawing (o) 2,150 (p) 900 (9) 2,500 Miscellaneous Expense Bal 1,820 (h) 550 () 600 Bal 1,150 Fees Income Office Furniture (d) 4,550 (c) 2,300 (t) 2,130 (i) 545 (m) 2,300 Bal 2,845 (0) 2,150 Bal 11,130 Acct 110 Critical Thinking 3.2 Cash Office Equipment Advertising Expense Utilities Expense Accounts Payable Salaries Expense Brenda Jo Smith, Capital Telephone Expense Accounts Receivable Brenda Jo Smith, Drawing Miscellaneous Expense Fees Income Office Furniture Acct 110 Critical Thinking 3.2 Purple spaces are for 3-line title. Account Titles Debit Credit Trial Balance Tip: Accounts should be listed in standard Chart of Accounts order: Assets, Liabilities, Captial, Withdrawals, Revenues, Expenses. The last line should be labeled "totals" and show the same amount for each column. Acct 110 Critical Thinking 3.2 Purple spaces are for 3-line title. Income Statement Tips Standard 3-line title: Company name, statement title, date/date range: remember an Income Statement is for a date range. See textbook examples and homework for how this is written. Include two section labels: Revenues, Expenses Subtotal expenses by listing expense account balances in the "inside" column, followed by a line labeled "total expense," and the amount total expenses in the far right column. Label the last line as "net income" or "net loss" as appropriate. Statement of Owner's Equity Tips Standard 3-line title: Company name, statement title, date/date range: remember a Statement of Owner's Equity is for a date range. See textbook examples and homework for how this is written. Label each line clearly - see textbook and homework for examples. Balance Sheet Tips Standard 3-line title: Company name, statement title, date/date range: remember a Balance Sheet is for a specific date. See textbook examples and homework for how this is written. Label three sections: Assets, Liabilities, Owner's Equity. Label totals: Total Assets, Total Liabilities and Owner's Equity. Make sure that total assets equals total liabilities and owner's equity