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.

Brawn Demolition Company Unadjusted Trial Balance For year ended April 30, 2009 edit ebit $17,000 No. Account Title 101 Cash 126 Supplies 128 67 Equipment 68 Accumulated depreciation-Equipment 201 Accounts payable 203 Interest payable 208 210 Wages payable 213 251 Long-term Notes payable 6,500 140,460 id Insurance 22,000 ,000 nt payable y taxes payable ,000 81,610 J. Brawn, Capital 302 J. Bra 02J. Brawn, Withdrawals 5,500 140,000 01 Demolition fees earned 612 623 Wages expense 633 Interest expense 637 Insurance expense 640 652 Supplies expense 683 684 reciation expense -Equipment 48,000 750 15,400 4,400 t ex taxes ex airs expense ,100