JAMES COMPANY WORKSHEET FOR THE YEAR ENDED DEC 31 2017

INCOME STATEMENT BALANCE SHEET

DR CR DR CR

ACCOUNT TITLES

CASH 8,700

ACCOUNTS RECEIVABLE 10,600

PREPAID INSURANCE 2,600

EQUIPMENT 23,500

ACC DEPRECIATION- EQUIP 4,300

ACCOUNTS PAYABLE 8,800

SALARIES AND WAGES PAYABLE 2,200

OWNERS CAPITAL 19,000

DRAWINGS 11,800

SERVICE REVENUE 59,500

MAINTENANCE AND REPAIRS EXPENSE 1,400

DEPRECIATION EXPENSE 2,900

INSURANCE EXPENSE 1,600

SALARIES AND WAGES EXPENSE 29,500

UTILITIES EXPENSE 1,200

TOTALS 36,600 59,500 57,200 34,300

NET INCOME 22,900 22,900

59,500 59,500 57,200 57,200

INCOME STATEMENT

OWNERS EQUITY STATEMENT

BALANCE SHEET

CLOSING ENTRIES

CLOSING ENTRIES BALANCE ACCOUNT

POST CLOSING TRIAL BALANCE