Directions: Once you have your adjusted trial balance, you can move the totals to the Income Statement columns for all revenue and expense accounts and to the Balance Sheet and owners equity columns for all asset, liability, and equity accounts. When you total the columns for the income statement, it will not balance. The difference is your net income. Be sure to review the worksheet in Chapter 4 to see how it presents the net income and make the two columns balance. The same will happen when you total the Balance Sheet columns.

No. 101 126 128 67 168 t Title 17,000 9,500 id Insurance 40,460 mulated de ation-Equip able 6,000 203 Interest payable 208 210 213 251 t payable able taxes payab g-term Notes payable able 01 .Brawn, Capital 302 J. Brawn, Withdrawals 401 612 623 Wages ex 1,610 olition fees earned 140,000 637 Insurance expense 640 R 652 Supplies expense 683 Pro 684 Repairs expense ent expense 15,400 400 100 y taxes expense 3,000 $274,610 $274,610 690 Utilities expense Totals