DR balances CR balances

$101$ Cash $5814$

$105$ AR$--$Katz $717$

$110$ AR$--$Polk $590$

$115$ Office Supplies $847$

$120$ Office Equipment $4360$

$125$ Camping Equipment $6130$

$201$ AP$--$Adventure Equipment $1680$

$203$ AjP$--$Digital Tech computers $3554$

$205$ AP$--$Mollaro $635$

$301$ Ronald Hicks Capital $12760$

$305$ Ronald Hicks Withdrawals $1200$

$310$ Income Summary

$401$ Equipment Rental Revenue $9716$

$501$ Advertising Expense $1940$

$505$ Maintenance Expense $1083$

$515$ Rent Expense $3500$

$525$ Utilities Expense $2164$

Prepare a worksheet for the period ended May $31$

$1.$ Enter the heading on the worksheet

$2.$ List all of the accounts in the Account Name and Trial Balance sections

for each account, include the account number, name, and balance

$3.$ Total and rule the Trial Balance section. Do total debits equal total credits? If not, find and correct

the problem before continuing

$4.$ Extend the appropriate amounts to the Balance Sheet section

$5.$ Extend the appropriate amounts to the Income Statement section.

$6.$ Total the amount columns in the Income Statement and Balance Sheet sections

$7.$ Enter the amount of net income or net loss in the appropriate columns in the

Income Statement and Balance Sheet sections

$8.$ Total and rule the Income statement and Balance sheet sections.