directions

adjusted trial balance

4 Use the Adjusted Trial Balance provided to prepare an Income Statement (Multi-Step) appropriate to a merchandising business, a Statement of Owner's Equity, and a report form Balance Sheet. These should be completed on the Financial Statements tab. Notes/Tips: There were no investments by owner during the reporting period This company prepares an Adjusted Trial Balance and Financial Statements at the end of each month. All adjustments are for the last 30 days. (Effective date Dec 31) Print the Adjusted Trial Balance to help complete the Financial Statements. Print the Unadjusted Trial Balance to help complete the Journal 3 mat Sun 6 7 8 9 10 . 13 12 13 14 35 15 17 18 19 20 ABC Company Adjusted Trial Balance December 31, 20xx Debit Credit Cash 60,678 Petty Cash 1,000 Notes Receivable 30,000 Accounts Receivable 51,830 Merchandise Inventory 127,200 Estimated Returns Inventory 6,500 Prepaid Insurance 6,640 Office Supplies 1,250 Delivery Equipment 60,150 Accumulated Depreciation Delivery Equipment 24,350 Accounts Payable 64,600 Salaries Payable 1,500 Customer Refunds Payable 14,199 R.W. Miller, Capital 193.870 R.W. Miller, Drawing 30,000 Sales 1,048,349 Interest Revenue 1,650 Cost of Merchandise Sold 655,010 Sales Salaries Expense 93,830 Rent Expense 63.000 Delivery Expense 39,1101 Deprecation Expense Delivery Equipment 9,0301 Advertising Expense 12.830 Miscellaneous Selling Expense 5,090 =Office Salaries Expense 52.300 Insurance Expense 17.4801 Office Supplies Expense 9.2001 Miscellaneous Administrative Expense 14,490 Interest Expense 2.000 Total 1,348.518 : 1,348.518: A60 Company considers these items "Selling Expenses. # ABC Company considers these lems Administrative Expenses 21 23 24 25 26 27 28 29 30 31 33 34 Nola Sos Chapter (bis 11.12.14) for proper formatting of hanchal Statement DO NOT MODIFY OTTO ACO M