Instructions: Enter the trial balance on a worksheet and complete the worksheet. BRISCOE COMPANY Worksheet For the Month Ended June 30, 2008 Trial Balance Account Titles Dr. Cr. Cash $2,320 Accounts Receivable 2,440 Supplies 1,880 Accounts Payable $1,120 Unearned Revenue 240 Common Stock 3,600 Service Revenue 2,400 Salaries Expense 560 Miscellaneous Expense 160 $7,360 $7,360 Other data: 1. A physical count reveals $300 of supplies on hand. 2. $100 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $280.

Axia College Material Appendix E Preparing a Financial Statement Worksheet Complete the 10-column worksheet for Briscoe Company. Your totals will be verified in row 32. When completing the sheet, think first about whether the account is an Income Statement account or Balance Sheet account; then apply what we learned in earlier weeks about the account's "normal" balance, and whether a debit or credit increases or decreases the account. Row 32 will not work if the totals rows are blank. BRISCOE COMPANY Work Sheet For the Month Ended June 30, 2008 Account Cash Accounts Receivable Supplies Accounts Payable Unearned Revenue Common Stock Service Revenue Salaries Expense Misc. Expense Totals Supplies Expense Salaries Payable Totals Net Loss Totals Check Unadjusted Trial Balance Debit Credit 2,320 2,440 1,880 1,120 240 3,600 2,400 560 160 7,360 7,360 7,360 Correct! 7,360 Correct! Adjustments Debit Credit Adjusted Trial Balance Debit Credit Income Statement Debit Credit 1,880 240 2,400 560 Balance Sheet & Statement of Owner's Equity Debit Credit