December Worksheet Trial Balance Adjustments Adjusted Trial Bal. Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 5,250.00 7,705.00 5,250.00 7,705.00 2,455.00 - -. . . . . . . . .. ...;- -4-- Accounts Receivable 10,900.00 ; 4,800.00 10,900.00 4,800.00 6,100.00 Inventory 6,115.00 813.33 6,115.00 813.33 5,301.67 Baking Supplies 135.00 135.00 ; 135.00 - - - - . . . . . . . - 4 Prepaid Insurance Equipment - . .. . .............. Accum. Depr.-Equipment -+- Accounts Payable 5,098.33 6,115.00 5,098.33 6,455.00 1,356.67 - - - . . . . . . . . . . .- - - - . . . . . . ..- Salaries and Wages Payable 340.00 960.00 960.00 .- 4 - - Interest Payable 960.00 Notes Payable Owner's Capital Owner's Drawings 1, 200.00 1,200.00 1,200.00 : -1-- Service Revenue 550.00 550.00 - - L - Sales Revenue 10,800.00 10,800.00 550.00 Cost of Goods Sold 135.00 135.00 135.00 135.00 10,800.00 135.00 - - - - . . . . .- - ;-. - - . . . . . . . ... Advertising Expense 135.00 - . . . . . . . . . . ... . . . .!........- Baking Supplies Expense 350.00 350.00 : - - . .. . . . . . . . ..b.........!............ Depreciation Expense 350.00 : Insurance Expense Salaries and Wages Expense 960.00 : 960.00 ; 1,920.00 : Rent Expense 700.00 ; 700.00 : 1,920.00 ; Utilities Expense 75.00 340.00 : 415.00 : 700.00 : Interest Expense 415.00 : TOTALS 30,783.33 : 30.783.33 $1,435.00 1,435.00 32,218.33 32,218.33 3,385.00 : 11,485.00 12,871.67 4,771.67 Net Income 8,100.00 ; 8,100.00 TOTALS 11,485.00 ; 11,485.00 12,871.67 : 12,871.67