Ch. 5 Graded Homework For Year Ended December 31, 20- TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DENIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT 1 2.400.00 2,400.00 3 Accounts Receivable 820.00 820.00 3Supplies Prepaid Insurance 5 toment 345.00 () 180.00 165.00 1,330.00 (A) 265.00 1,045.00 4,150.00 4,150.00 6 Accumulated Depreciation, Equipment B00.00 (0) 335.00 1,135.00 7 Truck 21,400.00 21,400,00 Accumulated Depreciation, Truck 9 Accounts Payable 10x Gervais, Capital 4,200.00 360.00 (c) 1,200.00 5,480.00 25,900.00 300.00 25,900.00 11 Gervais, Drawing 12 Fees famed 13 Salaries Expense 1.640.00 1,640.00 11 3,350.00 3,350.00 850.00 (4) 260.00 1,110.00 14 Advertising Expence 465.00 455.00 15 Truck Operating Expense 460.00 460.00 Ch. 5 Graded Homework 14 Advertising Expense 15 Truck Operating Expense 16 Utilites Expense 17 Miscellaneous Expense 18 19 Insurance Expense 20 Depreciation Expense, Equment 21 Depreciation Expense, Thack 22 Salaries Payable 23 Supplies Expense 24 25 Net Les 25 2. Prepare an income statement Gervais's Catering Services Income Statement For Year Ended December 31, 20- Revenue Expenses wook 465.00 460.00 465.00 460.00 575.00 105.00 525.00 105.00 18 16 17 34.690.00 34.490.00 (a) 205.00 285.00 (b) 335.00 335.00 20 (c) 1,200.00) 1,200.00 21 (d) 260.00 260.00 22 (e) 180.00 100.00 23 2,260.00 2,260.00 36,485.00 36,485.00 24 25 26 Ch. 5 Graded Homework 2. Prepare an Income statement. Gervals's Catering Services Income Statement For Year Ended December 31, 20- Revenue: > Expenses: Total Expenses Net Loss eBook 3. Prepare a statement of owner's equity. Assume that there was an additional Gervais's Catering Services Statement of Owner's Equity For Year Ended December 31, 20-- 3. Prepare a statement of owner's equity. Assume that there was an additional investment of $4,000 on December 1. Gervais's Catering Services Statement of Owner's Equity For Year Ended December 31, 20- Subtotal 00 000 4. Prepare a balance sheet. Gervais's Catering Services Balance Sheet December 31, 20- Assets 4. Prepare a balance sheet. Gervais's Catering Services Balance Sheet December 31, 20- Assets Total Assets Liabilities Total Liabilities Owner's Equity Total Liabilities and Owner's Equity. 10000 TRIAL BALANCE Gervais's Catering Services Work Sheet For Year Ended December 31, 20- ADJUSTMENTS ADJUSTED TRIAL BALANCE ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DI 1 Cash 2,600.00 2,600.00 2 Accounts Receivable. 820.00 820.00 3 Supplies 345.00 (e) 180.00 165.00 4 Prepaid Insurance 1,330.00 (a) 285.00 1,045.00 5 Equipment 4,150.00 4,150.00 6 Accumulated Depreciation, Equipment 800.00 (b) 335.00 1,135.00 7 Truck 8 Accumulated Depreciation, Truck 9 Accounts Payable 10 Y. Gervais, Capital 21,400.00 21,400.00 4,280.00 (c) 1,200.00 5,480.00 360.00 360.00 25,900.00 25,900.00 11 Y. Gervais, Drawing 12 Fees Earned 1,640.00 1,640.00 3,350.00 3,350.00 13 Salaries Expense 850.00 (d) 260.00 1,110.00 14 Advertising Expense 465.00 465.00 15 Truck Operating Expense 460,00 460.00 16 Utilities Expense 525.00 525.00 17 Miscellaneous Expense 105.00 105.00 18 34,690.00 34,690.00 19 Insurance Expense (a) 285.00 285.00 20 Depreciation Expense, Equipment (b) 335.00 335.00 21 Depreciation Expense, Truck (c) 1,200.00 1,200.00 22 Salaries Payable (d) 260.00 260.00 23 Supplies Expense 24 25 Net Loss 26 (e) 180.00 180.00 2,260.00 2,260.00 36,485.00 36,485.00 Gervais's Catering Services Work Sheet For Year Ended December 31, 20- BALANCE SHEET CREDIT DEBIT ADJUSTED TRIAL CE ADJUSTMENTS INCOME STATEMENT BALANCE EDIT DEBIT CREDIT DEBIT CREDIT DEBIT 2,600.00 820.00 (e) 180.00 165.00 (a) 285.00 1,045.00 4,150.00 800.00 (b) 335.00 1,135.00 21,400.00 280.00 (c) 1,200.00 5,480.00 360.00 900.00 360.00 25,900.00 1,640.00 350.00 3,350.00 (d) 260.00 1,110.00 465.00 460.00 525.00 105.00 CREDIT 14 16 690.00 (a) 285.00 285.00 (b) 335.00 335.00 20 (c) 1,200.00 1,200.00 21 (d) 260.00 260.00 22 (e) 180.00 180.00 23 2,260.00 2,260.00 36,485.00 36,485.00 24 25 26 2. Prepare an income statement. Gervais's Catering Services Income Statement For Year Ended December 31, 20- Revenue Total Expenses 3. Prepare a statement of owner's equity. Assume that there was an additional investment of $4,000 on December 1. Gervais's Catering Services Statement of Owner's Equity For Year Ended December 31, 20 0000 4. Prepare a balance sheet. Gervais's Catering Services Balance Sheet December 31, 20- Total Total Lab Owner's Equity Total L al Liabilities and Owner's Equity 000000