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Posted on Oct 04, 2024

B D 5 6 Wayzata Cleaning, Inc. Unadjusted Trial Balance 30-Sep-15 7 8 9 10 11 12 13 14 15 16 17 18 19 20

B D 5 6 Wayzata Cleaning, Inc. Unadjusted Trial Balance 30-Sep-15 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Debit Credit Cash $ 54,750.00 Accounts Receivable $ 1,500.00 Supplies $ 7,000.00 Prepaid Rent $ 9,000.00 Prepaid Insurance $ 1,200.00 Cleaning Equipment $ 12,000.00 Truck $ 18,000.00 Accounts Payable $ 16,600.00 Unearned Service Revenue S 8,000.00 Common Stock $ 78,000.00 Retained Earnings S Dividends S 1,000.00 Service Revenue $ 11,000.00 Utility Expense S 600.00 Advertising Expense S 500.00 Miscellaneous Expense S 50.00 Salary Expense $ 8,000.00 Total $ 113.600.00 $ 113.600.00 Requirement Part1 Worksheet . A H B Retained Earnings Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense Total D $ S 1,000.00 $ 11,000.00 $ 600.00 500.00 50.00 8,000.00 $ 113,600.00 $ 113,600.00 * * * Required: Using the provided worksheet, prepare the company's Financial Statements using the following steps: Prepare the un-adjustmented Column 1 Prepare the adjustments Column 2 Prepare the adjusted trial balance Column 3 Prepare the income Statement columns 4 Prepare the Statement of Retained Earnings Column 5 Prepare the Balance Sheet Column B E 1 F H 1 2 3 Account 4 Adjustments Dr Cr Adjusted TB Dr Cr Income Statement Dr Cr Sta Dr 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Uneamed Service Revenue Common Stock Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense Requirement Worksheet B H M N Account fed TB Cr Income Statement Dr Cr Statement of R/E Dr Cr Balance Sheet Dr Cr Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Uneared Service Revenue Common Stock Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense A B D E Wayzata Cleaning, Inc. Trial Balance September 30, 2015 Credit 5 5 7 8 9 10 11 12 Debit 54,750.00 1,500.00 7,000.00 9,000.00 1,200.00 12,000.00 18,000.00 13 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue v Utility Expense Advertising Expense Miscellaneous Expense Salary Expense 14 15 16 17 18 19 20 16,600.00 8,000.00 78,000.00 1,000.00 11,000.00 21 600.00 500.00 50.00 8.000.00 22 23 LO 6 7 Credit 8 9 10 Debit 54,750.00 1,500.00 7,000.00 9,000.00 1,200.00 12,000.00 18,000.00 11 12 13 14 15 16 17 18 19 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense Total 16,600.00 8,000.00 78,000.00 1,000.00 20 11,000.00 21 22 23 24 25 26 27 600.00 500.00 50.00 8,000.00 113,600.00 113,600.00 Date September Account Dr Cr ## Prepaid Rent $ 9,000.00 Cash $ $ 9,000.00 ## Cleaning Equipment Accounts Payable $ $ 12,000.00 $ 12,000.00 ## Truck Common Stock $ $ 18,000.00 $ 18,000.00 # Prepaid Insurance Cash $ 1,200.00 $ 1,200.00 ## Cash Unearned Revenue $ 6,000.00 $ 6,000.00 ## Salaries Expense Cash $ 2,000.00 $ 2,000.00 ## Sunnies B D # Supplies Accounts Payable F E 1,000.00 $ $ G $ 1,000.00 ## Cash Service Revenue $ 5,000.00 $ 5,000.00 # Accounts Receivable Service Revenue $ 2,000.00 $ 2,000.00 # Salaries Expense Cash $ 2,000.00 $ $ 2,000.00 # Cash Accounts Receivable 2,000.00 2,000.00 ## Account Payable Cash $ $ 2,400.00 $ 2,400.00 ## Salaries Expense Cash $ 2,000.00 $ 2,000.00 ## Cash Service Revenue $ 2,500.00 $ 2,500.00 Requirement Parti Journal Futuin ## Cash Service Revenue $ 2,500.00 $ 2,500.00 # Dividend Cash $ 1,000.00 $ 1,000.00 ## Accounts Receivable Service Revenue $ 1,500.00 $ 1,500.00 ## Salaries Expense Cash $ 2,000.00 $ 2,000.00 ## Utlities Expense Cash $ 300.00 $ 300.00 ## Cash Unearned Revenue $ 2,000.00 $ 2,000.00 G Tom Way just started a cleaning business in August 2015 and will start the operation in September 20 The Trial Balance for Wayzata Cleaning, Inc., as of August 31, 2015, is presented bellow. Wayzata Cleaning, Inc. Trial Balance August 31, 2015 Debit Credit Cash $ 59,150.00 Supplies $ 6,000.00 Accounts Payable S 6,000.00 Common Stock $ 60,000.00 Utility Expense S 300.00 Advertising Expense $ 500.00 Miscellaneous Expense $ 50.00 Total $ 66,000.00 $ 66,000.00 A B D E C Wayzata Cleaning, Inc. Trial Balance September 30, 2015 Credit Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Utility Expense Advertising Expense Micanllananue Eunonce Debit 56,750.00 1,500.00 7,000.00 9,000.00 1,200.00 12,000.00 18,000.00 16,600.00 8,000.00 78,000.00 5 7 3 e 1,000.00 13,000.00 600.00 500.00 1 Recintiromont cnnn D F G H 56,750.00 1,500.00 7,000.00 9,000.00 1,200.00 12,000.00 18,000.00 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense Total 16,600.00 8,000.00 78,000.00 1,000.00 13,000.00 600.00 500.00 50.00 8,000.00 115,600.00 115,600.00 Requirement Parti Innimal Et B D G Adjusted Trial Balance September 30, 2015 Credit Debit 54,750.00 6,500.00 6,500.00 7,500.00 1,100.00 12,000.00 200.00 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Accumulated Depreciation - Cleaning Eqp Truck Accumulated Depreciation - Truck Accounts Payable Salary Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Co Requirement-Dent 18,000.00 250.00 16,600.00 400.00 7,000.00 78,000.00 1,000.00 A D E F 17,000.00 B Dividends 1,000.00 Service Revenue Utility Expense 600.00 Advertising Expense 500.00 Miscellaneous Expense 50.00 Supplies Expense 500.00 Insurance Expense 100.00 Depreciation Expense-Cleaning Equipment 200.00 Depreciation Expenses- Truck 250.00 Salary Expense 8,400.00 Rent Expenses 1,500.00 Total 119,450.00 119,450.00 B D 5 6 Wayzata Cleaning, Inc. Unadjusted Trial Balance 30-Sep-15 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Debit Credit Cash $ 54,750.00 Accounts Receivable $ 1,500.00 Supplies $ 7,000.00 Prepaid Rent $ 9,000.00 Prepaid Insurance $ 1,200.00 Cleaning Equipment $ 12,000.00 Truck $ 18,000.00 Accounts Payable $ 16,600.00 Unearned Service Revenue S 8,000.00 Common Stock $ 78,000.00 Retained Earnings S Dividends S 1,000.00 Service Revenue $ 11,000.00 Utility Expense S 600.00 Advertising Expense S 500.00 Miscellaneous Expense S 50.00 Salary Expense $ 8,000.00 Total $ 113.600.00 $ 113.600.00 Requirement Part1 Worksheet . A H B Retained Earnings Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense Total D $ S 1,000.00 $ 11,000.00 $ 600.00 500.00 50.00 8,000.00 $ 113,600.00 $ 113,600.00 * * * Required: Using the provided worksheet, prepare the company's Financial Statements using the following steps: Prepare the un-adjustmented Column 1 Prepare the adjustments Column 2 Prepare the adjusted trial balance Column 3 Prepare the income Statement columns 4 Prepare the Statement of Retained Earnings Column 5 Prepare the Balance Sheet Column B E 1 F H 1 2 3 Account 4 Adjustments Dr Cr Adjusted TB Dr Cr Income Statement Dr Cr Sta Dr 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Uneamed Service Revenue Common Stock Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense Requirement Worksheet B H M N Account fed TB Cr Income Statement Dr Cr Statement of R/E Dr Cr Balance Sheet Dr Cr Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Uneared Service Revenue Common Stock Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense A B D E Wayzata Cleaning, Inc. Trial Balance September 30, 2015 Credit 5 5 7 8 9 10 11 12 Debit 54,750.00 1,500.00 7,000.00 9,000.00 1,200.00 12,000.00 18,000.00 13 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue v Utility Expense Advertising Expense Miscellaneous Expense Salary Expense 14 15 16 17 18 19 20 16,600.00 8,000.00 78,000.00 1,000.00 11,000.00 21 600.00 500.00 50.00 8.000.00 22 23 LO 6 7 Credit 8 9 10 Debit 54,750.00 1,500.00 7,000.00 9,000.00 1,200.00 12,000.00 18,000.00 11 12 13 14 15 16 17 18 19 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense Total 16,600.00 8,000.00 78,000.00 1,000.00 20 11,000.00 21 22 23 24 25 26 27 600.00 500.00 50.00 8,000.00 113,600.00 113,600.00 Date September Account Dr Cr ## Prepaid Rent $ 9,000.00 Cash $ $ 9,000.00 ## Cleaning Equipment Accounts Payable $ $ 12,000.00 $ 12,000.00 ## Truck Common Stock $ $ 18,000.00 $ 18,000.00 # Prepaid Insurance Cash $ 1,200.00 $ 1,200.00 ## Cash Unearned Revenue $ 6,000.00 $ 6,000.00 ## Salaries Expense Cash $ 2,000.00 $ 2,000.00 ## Sunnies B D # Supplies Accounts Payable F E 1,000.00 $ $ G $ 1,000.00 ## Cash Service Revenue $ 5,000.00 $ 5,000.00 # Accounts Receivable Service Revenue $ 2,000.00 $ 2,000.00 # Salaries Expense Cash $ 2,000.00 $ $ 2,000.00 # Cash Accounts Receivable 2,000.00 2,000.00 ## Account Payable Cash $ $ 2,400.00 $ 2,400.00 ## Salaries Expense Cash $ 2,000.00 $ 2,000.00 ## Cash Service Revenue $ 2,500.00 $ 2,500.00 Requirement Parti Journal Futuin ## Cash Service Revenue $ 2,500.00 $ 2,500.00 # Dividend Cash $ 1,000.00 $ 1,000.00 ## Accounts Receivable Service Revenue $ 1,500.00 $ 1,500.00 ## Salaries Expense Cash $ 2,000.00 $ 2,000.00 ## Utlities Expense Cash $ 300.00 $ 300.00 ## Cash Unearned Revenue $ 2,000.00 $ 2,000.00 G Tom Way just started a cleaning business in August 2015 and will start the operation in September 20 The Trial Balance for Wayzata Cleaning, Inc., as of August 31, 2015, is presented bellow. Wayzata Cleaning, Inc. Trial Balance August 31, 2015 Debit Credit Cash $ 59,150.00 Supplies $ 6,000.00 Accounts Payable S 6,000.00 Common Stock $ 60,000.00 Utility Expense S 300.00 Advertising Expense $ 500.00 Miscellaneous Expense $ 50.00 Total $ 66,000.00 $ 66,000.00 A B D E C Wayzata Cleaning, Inc. Trial Balance September 30, 2015 Credit Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Utility Expense Advertising Expense Micanllananue Eunonce Debit 56,750.00 1,500.00 7,000.00 9,000.00 1,200.00 12,000.00 18,000.00 16,600.00 8,000.00 78,000.00 5 7 3 e 1,000.00 13,000.00 600.00 500.00 1 Recintiromont cnnn D F G H 56,750.00 1,500.00 7,000.00 9,000.00 1,200.00 12,000.00 18,000.00 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Truck Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Utility Expense Advertising Expense Miscellaneous Expense Salary Expense Total 16,600.00 8,000.00 78,000.00 1,000.00 13,000.00 600.00 500.00 50.00 8,000.00 115,600.00 115,600.00 Requirement Parti Innimal Et B D G Adjusted Trial Balance September 30, 2015 Credit Debit 54,750.00 6,500.00 6,500.00 7,500.00 1,100.00 12,000.00 200.00 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Cleaning Equipment Accumulated Depreciation - Cleaning Eqp Truck Accumulated Depreciation - Truck Accounts Payable Salary Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Co Requirement-Dent 18,000.00 250.00 16,600.00 400.00 7,000.00 78,000.00 1,000.00 A D E F 17,000.00 B Dividends 1,000.00 Service Revenue Utility Expense 600.00 Advertising Expense 500.00 Miscellaneous Expense 50.00 Supplies Expense 500.00 Insurance Expense 100.00 Depreciation Expense-Cleaning Equipment 200.00 Depreciation Expenses- Truck 250.00 Salary Expense 8,400.00 Rent Expenses 1,500.00 Total 119,450.00 119,450.00