BOILERMAKER UNLIMITED

Adjusted Trial Balance

December 31, 2021

Accounts Debits Credits

Cash $ 15,200

Accounts Receivable 24,200

Supplies 31,200

Prepaid Insurance 6,200

Equipment 525,000

Accumulated Depreciation $ 168,000

Accounts Payable 30,200

Salaries Payable 27,200

Utilities Payable 4,200

Notes Payable (due in 5 years) 120,000

Common Stock 160,000

Retained Earnings 60,000

Dividends 25,200

Service Revenuenew construction 410,000

Service Revenueremodeling 256,000

Salaries Expense 152,000

Supplies Expense 277,000

Depreciation Expense 42,000

Insurance Expense 24,200

Utilities Expense 41,200

Interest Expense 7,200

Service Fee Expense 65,000

Totals $ 1,235,600 $ 1,235,600

Bollermaker Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Boilermaker Unlimited. Credits BOILERMAKER UNLIMITED Adjusted Teal Balance December 31, 2021 Accounts Debita Cash s 15,200 Accounts Receivable 24,200 Supplies 31,200 Prepaid Insurance 6,200 Equipment 525,000 Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in 5 years) Common Stock Retained Earnings Dividends 25,200 Service Revenue-new construction Service Revenue-remodeling Salaries Expense 152,000 Supplies Expense 277,000 Depreciation Expense 42.000 $ 168,000 30,200 27,200 4,200 120,000 160,000 60,000 410,000 256,000 BOILERMAKER UNLIMITED Income Statement For the Year Ended December 31, 2021 Service Revenues: Total Revenues $ 0 Expenses: