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I neep help figuring out the income statement and balance sheet on the workesheet. A Byte of Accounting, Inc. Worksheet For Period Ending June 30,
I neep help figuring out the income statement and balance sheet on the workesheet.
| A Byte of Accounting, Inc. | |||||||||||
| Worksheet | |||||||||||
| For Period Ending June 30, 2018 | |||||||||||
| Account | Unadjusted Trial Balance | Adjusting Entries | Adjusted Trial Balance | Income Statement | Balance Sheet | ||||||
| Number | Name | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit |
| 1110 | Cash | 83,283.48 | - | - | - | 83,283.48 | - | ||||
| 1120 | Accounts Receivable | 1,239.00 | - | 5,500.00 | - | 6,739.00 | - | ||||
| 1130 | Prepaid Insurance | 5,304.00 | - | - | 221.00 | 5,083.00 | - | ||||
| 1140 | Prepaid Rent | - | 4,400.00 | - | 2,200.00 | - | 6,600.00 | ||||
| 1150 | Office Supplies | - | - | - | 303.00 | - | 303.00 | ||||
| 1211 | Office Equip. | 761.00 | - | - | - | 761.00 | - | ||||
| 1212 | Accum. Depr.-Office Equip. | - | - | 3,052.00 | - | 3,052.00 | - | ||||
| 1311 | Computer Equip. | 227,970.00 | - | - | - | 227,970.00 | - | ||||
| 1312 | Accum. Depr.-Computer Equip. | - | - | - | 3,052.00 | - | 3,052.00 | ||||
| 1411 | Building Cost | 110,000.00 | - | - | - | 110,000.00 | - | ||||
| 1412 | Accum. Depr.-Building | - | - | - | 247.00 | - | 247.00 | ||||
| 1510 | Land | 21,000.00 | - | - | - | 21,000.00 | - | ||||
| 2101 | Accounts Payable | - | 2,640.00 | - | - | - | 2,640.00 | ||||
| 2102 | Advanced Payments | - | - | - | - | - | - | ||||
| 2103 | Interest Payable | - | - | - | 666.16 | - | 666.16 | ||||
| 2105 | Salaries Payable | - | - | - | 486.00 | - | 486.00 | ||||
| 2106 | Income Taxes Payable | - | - | - | 2,749.55 | - | 2,749.55 | ||||
| 2201 | Mortgage Payable | - | 117,900.00 | - | - | - | 117,900.00 | ||||
| 2202 | Notes Payable | - | 110,000.00 | - | - | - | 110,000.00 | ||||
| 3100 | Capital Stock | - | 196,156.00 | - | - | - | 196,156.00 | ||||
| 3200 | Retained Earnings | - | - | - | - | - | - | ||||
| 3300 | Dividends | - | 1,156.48 | - | - | - | 1,156.48 | ||||
| 4100 | Computer & Consulting Revenue | - | 17,435.00 | - | 5,500.00 | - | 22,935.00 | ||||
| 5010 | Rent Expense | - | - | 2,200.00 | - | 2,200.00 | - | ||||
| 5020 | Salary Expense | - | 1,620.00 | 486.00 | - | - | 1,134.00 | ||||
| 5030 | Advertising Expense | 250.00 | - | - | - | 250.00 | - | ||||
| 5040 | Repairs & Maint. Expense | 1,140.00 | - | - | - | 1,140.00 | - | ||||
| 5050 | Oil & Gas Expense | 865.00 | - | - | - | 865.00 | - | ||||
| 5080 | Supplies Expense | - | 505.00 | 303.00 | - | - | 202.00 | ||||
| 5090 | Interest Expense | - | - | 666.16 | - | 666.16 | - | ||||
| 5100 | Insurance Expense | - | - | 221.00 | - | 221.00 | - | ||||
| 5110 | Depreciation Expense | - | - | 247.00 | - | 247.00 | - | ||||
| 5120 | Income Tax Expense | - | - | 2,749.55 | - | 2,749.55 | - | ||||
| TOTAL | 451,812.48 | 451,812.48 | 15,424.71 | 15,424.71 | 466,227.19 | 466,227.19 | |||||
| NET INCOME | |||||||||||
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