Adjusting Entries Debit Credit Income Statement Debit Credit 5.625.00 Unadjusted Trial Balance Debit Credit 50,647 10 1,291.00 5,808.00 7,500.00 530.00 1,995.00 - 242.00 2.500.00 316 00 Adjusted Thal Balance Debit Credit 50 647 10 6.916.00 5,566.00 5,000.00 214.00 1,995.00 22.00 226.420.00 3,047.00 100,000.00 242.00 19,000.00 1,370.00 Balance Sheet Debit Credit 50.647.10 6,916 00 5,565.00 5,000.00 214.00 1,995.00 22.00 226,420.00 3,047.00 100,000 00 242.00 19,000.00 1.370.00 2200 Account Number Name 1110 Cash 1120 Accounts Receivable 0 1130 Prepaid Insurance 1 1140 Prepaid Rent 2 1150 Office Supplies 1211 Office Equip 4 1212 Accum Depr Office Equip 1311 Computer Equip 5 1312 Accum. Depr. Computer Equip 7 1411 Building Cost 1412 Accum Depr Building 1510 Land 2101 Accounts Payable 1 2102 Advanced Payments 2103 Interest Payable 3 2105 Salaries Payable 4 2106 Income Taxes Payable 5 2201 Mortgage Payable 5 2202 Notes Payable 3100 Capital Stock 3 3200 Retained Earnings 3300 Dividends 226 420 00 3,047.00 100,000.00 242.00 19,000.00 1,370.00 - 1,484 20 546 00 2,828.95 107,100.00 116,500.00 175,890.00 1,484 20 546.00 2,828.95 107,100.00 116,500.00 175,890.00 1.484 20 546.00 2,828.95 107,100.00 116,500.00 175 890.00 1,758.90 1,758 90 1,758.90 1 2 18,415.00 5.625.00 24,040.00 24,040.00 2,500.00 546.00 - 1,820.00 475.00 1,190 00 840.00 - 4100 Computer & Consulting Revenue 5010 Rent Expense 5020 Salary Expense 5030 Advertising Expense 5040 Repairs & Maint. Expense 5050 Ol & Gas Expense 5080 Supplies Expense 5090 Interest Expense 5100 Insurance Expense 5110 Depreciation Expense 5120 Income Tax Expense 5 7 - 2,500.00 2,366.00 475 00 1.190.00 840.00 316.00 1.484.20 242.00 3 311.00 2.828.95 5,000.00 2.366.00 475.00 1.190.00 840.00 316.00 1,484 20 242.00 3.311.00 2.828.95 316.00 1,484.20 242.00 3,311.00 2,828.95 3 0 1 3 4 7 TOTAL NET INCOME 419 275.00 419.275.00 16,853.15 16,853 15 433,070.15 433,070.15 9 0 15,553.15 8.486.85 24.040.00 24,040.00 24040.00 41751700 409 030.15 8.486 85 24.040.00 417 517.00 417517.00 24.040.00 417,517 00 417,517 00 Worksheet Income Statement des in Retained Farn Sheet How B E F D Income Statement For Month Ending June 30, 2020 Revenues Computer & Consulting Revenue $18,415.00 Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Oil & Gas Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense Total Expenses $2,500.00 $1,820.00 $ 475.00 $1,190.00 $ 840.00 $ 316.00 $1,484.20 $ 242.00 $3,311.00 12,178.00 Net Income Before Tax $ 8,486.85 Income Tax Expense (Round to two decimal places) 2.828.95 Net Income After Tax $ 5,657.90 Insert Page Layout Formulas Data Review View Help X B D A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 30, 2020 Total Balance, Beginning of Period Net Income Dividends Balance, End of Period A Byte of Accounting, Inc. Balance Sheet As of June 30, 2020 Not in Balance by $410,880 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Total $ 50,647.10 $ 1,291.00 $ 5,808.00 $ 7,500.00 $ 530.00 $ 65,776.10 Long-Term Assets Office Equip Accum. Depr.-Office Equip. Computer Equip Accum. Depr.-Computer Equip. Building Cost Accum. Depr.-Building Land Total Total Assets $ 1,995.00 22.00 $ 1,973.00 $ 226,420.00 3,047.00 $223,373.00 $ 100,000.00 242.00 $ 99,758.00 19,000.00 $ 344,104.00 $410.880.10 Liabilities 1,370.00 $ S Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total $ $ $ 1,484.20 546.00 2,828.95 $ 6,229.15 Long-Term Liabilities Mortgage Payable Notes Payable Total Total Liabilities $ 107,100.00 116,500.00 223.600.00 $ 229,829.15 Long-Term Assets Office Equip Accum. Depr.-Office Equip. Computer Equip Accum. Depr.-Computer Equip Building Cost Accum. Depr. Building Land Total Total Assets $ 1,995.00 22.00 $ 1,973.00 $ 226,420.00 3,047.00 $ 223,373.00 $ 100,000.00 242.00 $ 99,758.00 19,000.00 $ 344 104.00 $ 410,880.10 Liabilities 1,370.00 Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total A A A $ $ 1,484 20 546.00 2.828.95 $ 6,229.15 Long-Term Liabilities Mortgage Payable Notes Payable Total Total Liabilities $ 107,100.00 116,500.00 223,600.00 $ 229,829.15 Stockholder's Equity $ 175,890.00 Capital Stock Retained Earnings Total Total Liabilities and Stockholder's Equity
