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If an amount box does not require an entry, leave it blank. Venice Beach Kite Shop Work Sheet For Year Ended December 31, 20-- TRIAL
If an amount box does not require an entry, leave it blank.
| Venice Beach Kite Shop Work Sheet For Year Ended December 31, 20-- | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TRIAL BALANCE | ADJUSTMENTS | ADJUSTED TRIAL BALANCE | INCOME STATEMENT | BALANCE SHEET | ||||||
| ACCOUNT TITLE | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT |
| Cash | 19,743 | |||||||||
| Accounts Receivable | 13,827 | |||||||||
| Merchandise Inventory | 24,755 | |||||||||
| Supplies | 7,957 | |||||||||
| Prepaid Insurance | 5,540 | |||||||||
| Land | 29,680 | |||||||||
| Building | 49,020 | |||||||||
| Accumulated Depr.Building | 19,608 | |||||||||
| Store Equipment | 36,580 | |||||||||
| Accumulated Depr.Store Equip. | 14,632 | |||||||||
| Accounts Payable | 9,603 | |||||||||
| Wages Payable | ||||||||||
| Sales Tax Payable | 5,960 | |||||||||
| Unearned Rent Revenue | 8,950 | |||||||||
| Mortgage Payable | 44,650 | |||||||||
| M. Young, Capital | 63,760 | |||||||||
| M. Young, Drawing | 26,442 | |||||||||
| Income Summary | ||||||||||
| Sales | 119,850 | |||||||||
| Sales Returns and Allowances | 1,756 | |||||||||
| Rent Revenue | ||||||||||
| Purchases | 27,496 | |||||||||
| Purchases Returns and Allow. | 1,356 | |||||||||
| Purchases Discounts | 1,761 | |||||||||
| Freight-In | 2,079 | |||||||||
| Wages Expense | 31,567 | |||||||||
| Advertising Expense | 3,505 | |||||||||
| Supplies Expense | ||||||||||
| Phone Expense | 1,326 | |||||||||
| Utilities Expense | 8,027 | |||||||||
| Insurance Expense | ||||||||||
| Depreciation ExpenseBuilding | ||||||||||
| Depreciation Exp.Store Equip. | ||||||||||
| Miscellaneous Expense | 830 | |||||||||
| 290,130 | 290,130 | |||||||||
| Net Income | ||||||||||
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