| Peyton Approved |
| Trial Balance |
| 2018 |
| | Unadjusted trial balance | | Adjusting entries | Adjusted trial balance |
| Account | Debit | Credit | Debit | Credit | Debit | Credit |
| Cash | 28,320.00 | | | | 28,320.00 | |
| Baking Supplies | 18,500.00 | | | | 18,500.00 | |
| Merchandise Inventory (FIFO) | 175.45 | | | | 175.45 | |
| Prepaid Rent | 1,500.00 | | | | 1,500.00 | |
| Prepaid Insurance | 2,400.00 | | | | 2,400.00 | |
| Baking Equipment | 6,000.00 | | | | 6,000.00 | |
| Accumulated Depreciation | | | | 250.00 | | 250.00 |
| Office Supplies | 600.00 | | | | 600.00 | |
| Accounts Receivable | 7,700.00 | | | | 7,700.00 | |
| Notes Payable | | 10,000.00 | | | | 10,000.00 |
| Interest Payable | | | | | | - |
| Accounts Payable | | 2,000.00 | | | | 2,000.00 |
| Wages Payable | | 480.00 | | | | 480.00 |
| Common Stock | | 16,000.00 | | | | 16,000.00 |
| Dividends | 10,000.00 | | | | 10,000.00 | |
| Bakery Sales | | 55,000.00 | | | | 55,000.00 |
| Merchandise Sales | | 221.00 | | | | 221.00 |
| Baking Supplies Expense | | | 17,400.00 | | 17,400.00 | |
| Rent Expense | 4,500.00 | | | | 4,500.00 | |
| Interest Expense | | | | | - | |
| Insurance Expense | | | 400.00 | | 400.00 | |
| Depreciation Expense | | | 250.00 | | 250.00 | |
| Misc. Expense | 250.00 | | | | 250.00 | |
| Office Supplies Expense | | | | | - | |
| Business License Expense | 375.00 | | | | 375.00 | |
| Advertising Expense | 200.00 | | | | 200.00 | |
| Wages Expense | 1,836.00 | | | | 1,836.00 | |
| Telephone Expense | 150.00 | | | | 150.00 | |
| COGS (FIFO) | 157.80 | | | | 157.80 | |
| | | | | | | |
| Total: (FIFO) | 82,664.25 | 83,701.00 | 18,050.00 | 250.00 | 100,714.25 | 83,951.00     |
Date Accounts Debit Credit 30-Sep Depreciation Expense (6000/5) *2.5/12 Accumulated depreciation 250 250.00 To record depreciation 30-Sep | Interest expense (10000 *6% *3/12) 150.00 Interest pavable 150.00 To record accrual of interest 30-Sep Insurance expense (2400 *2/12) 400.00 Prepaid Insurance 400.00 To record expire of insurance 30-Sep Baking supplies expense (6500 +5000+7000-1100 17,400.00 Baking Supplies 17,400.00 To record consumption of Baking supplies 30-Sep Misc Supplies expense (300 +300-50 Misc. Supplies 550.00 550.00 To record consumption of Misc. supplies) Fie Home Inpet Page Layout Foales Dt Spelling Thesauns Check TranslateNew Delte Previous Nen Pyotet Protect Coremon Stock 1000 3-ul 14 975.00 10,000.00 20,000.00 6000 1 3,000.00 7-ul 75.0010 250.00 11-u 75.00 200.00 13-Jul 00.0014- 2.400.0031u 11 31-ul 10,000.00 120005Aug 7500 10A 1.500.00 15-Aug 480.00 20 Au 13 8Aug 3,800.00 14 15 18-Aug 3,000.00 16 18 20 31 Aug 12,300.00 24-Apr Accounts Rec Insurance epee 31Jul S000.00 300,00 22-Aug 3,000.00 18-AUg 10,000.00 -Sep 33-Aug .500.00 ,000.00-Sep 20.00 5 Sep 60.00 7-Sep 30-Sep 6,000.00 23 8-Seo 4.000.00 T Accounts Trial EalanceAdysting Eetries ncome Statement Starement of Retained t DOLL $-. File Home InsertPage Layout Fomulas eTell me whast you want to do Showide Comment Show All Comments Psobect and Shane Workbook Pretect Protecteow Uhen to Edt Rangen Sheet Workbook Workbook Track Changes - Spelling Thesaurus Check Tranalate Nw Delete Previous Net Accessibility Accessibiity Langusge Prosting Chanses Accounts payable Wages paryable 31-l120 15-Aug 480 1-Aug420 15-sep 6,500001-ul 30-Jul 5,000 15 Aug 75 31 Aug 7,0000011-Sep 120 31-Jul 480 15-Aug 420 31-Aug 456.00 15 Sep 480.00 30 sep 70 S-Aug 120 20-Aug s-Sep 20 Sep 1 10 Aujg 3 20 Aug 8,500 30-Sep480 75 10-Sep 76 77 13-Sep 5,000 78 75 1.956 1,956 13,65018.550 5,000 Balance Balance Dividends Telephone expense 1-Sep 20,000 86 30-u 87 31-Aug 75 75 10,000 Balance10,000 Statement of Retained Ean..O TAccounts Tral Balance Adjusting Estries income Stacement DOLL Damara Milestone 1(1) Encel File Home Insert Page Layout Formulas Data iew Tell me what you nant to do Show/Hide Comment show All Comments ABC Protect and Shase Workbook Allow lUsers to Edit Ranges Sart Spelling ThesaurusCheckTrarslate New Delete Previous Net Accessibility Accessibility language Protect Protect Share Sheet Workbook Worbook Track Changes. Proofing Comments MB 10,000 acc dep lance Interest expense 150 150 3 Balance nterest payable baking supplies expense 15-Sep 4800 24-Sep 109.80 misc supplies expense 03 Balance 157.80 Merch tnv. FIFO Merchandise Sales 7-3eo 60.00 48.00 15-Sep 109.80 24-5eo T-Accounts Trial Balance Adjusting Entries income Statement Statement of Retained En Damara Milestone 1(1) Excel Home Insert Page Layout rlas Data Review Tell me what you want to do Show/Hide Comment Show All Comments Protect and Share Workbook Alow users to Edit Ranges saurusCheck Translate New Delete Previous Next Peotect Protect Share Sheet Workbook Workbook Track Changes Sun nking ink Comment Accessibility Language Comments Changes Merchandise Sales Merch. Inv. FIFO 48.00 15-Sep 109.80 24-Sep 7-Sep 60.00 20-Sep 122.00 30-Sep 151.25 68.00 15-Sep 158 153.0024-Sep 158 Balance 333.25 221.00 Balance 112.25 | statement of Retaned Earn income statement Adjusting Entries : T-Accounts Trial Balance Date Accounts Debit Credit 30-Sep Depreciation Expense (6000/5) *2.5/12 Accumulated depreciation 250 250.00 To record depreciation 30-Sep | Interest expense (10000 *6% *3/12) 150.00 Interest pavable 150.00 To record accrual of interest 30-Sep Insurance expense (2400 *2/12) 400.00 Prepaid Insurance 400.00 To record expire of insurance 30-Sep Baking supplies expense (6500 +5000+7000-1100 17,400.00 Baking Supplies 17,400.00 To record consumption of Baking supplies 30-Sep Misc Supplies expense (300 +300-50 Misc. Supplies 550.00 550.00 To record consumption of Misc. supplies) Fie Home Inpet Page Layout Foales Dt Spelling Thesauns Check TranslateNew Delte Previous Nen Pyotet Protect Coremon Stock 1000 3-ul 14 975.00 10,000.00 20,000.00 6000 1 3,000.00 7-ul 75.0010 250.00 11-u 75.00 200.00 13-Jul 00.0014- 2.400.0031u 11 31-ul 10,000.00 120005Aug 7500 10A 1.500.00 15-Aug 480.00 20 Au 13 8Aug 3,800.00 14 15 18-Aug 3,000.00 16 18 20 31 Aug 12,300.00 24-Apr Accounts Rec Insurance epee 31Jul S000.00 300,00 22-Aug 3,000.00 18-AUg 10,000.00 -Sep 33-Aug .500.00 ,000.00-Sep 20.00 5 Sep 60.00 7-Sep 30-Sep 6,000.00 23 8-Seo 4.000.00 T Accounts Trial EalanceAdysting Eetries ncome Statement Starement of Retained t DOLL $-. File Home InsertPage Layout Fomulas eTell me whast you want to do Showide Comment Show All Comments Psobect and Shane Workbook Pretect Protecteow Uhen to Edt Rangen Sheet Workbook Workbook Track Changes - Spelling Thesaurus Check Tranalate Nw Delete Previous Net Accessibility Accessibiity Langusge Prosting Chanses Accounts payable Wages paryable 31-l120 15-Aug 480 1-Aug420 15-sep 6,500001-ul 30-Jul 5,000 15 Aug 75 31 Aug 7,0000011-Sep 120 31-Jul 480 15-Aug 420 31-Aug 456.00 15 Sep 480.00 30 sep 70 S-Aug 120 20-Aug s-Sep 20 Sep 1 10 Aujg 3 20 Aug 8,500 30-Sep480 75 10-Sep 76 77 13-Sep 5,000 78 75 1.956 1,956 13,65018.550 5,000 Balance Balance Dividends Telephone expense 1-Sep 20,000 86 30-u 87 31-Aug 75 75 10,000 Balance10,000 Statement of Retained Ean..O TAccounts Tral Balance Adjusting Estries income Stacement DOLL Damara Milestone 1(1) Encel File Home Insert Page Layout Formulas Data iew Tell me what you nant to do Show/Hide Comment show All Comments ABC Protect and Shase Workbook Allow lUsers to Edit Ranges Sart Spelling ThesaurusCheckTrarslate New Delete Previous Net Accessibility Accessibility language Protect Protect Share Sheet Workbook Worbook Track Changes. Proofing Comments MB 10,000 acc dep lance Interest expense 150 150 3 Balance nterest payable baking supplies expense 15-Sep 4800 24-Sep 109.80 misc supplies expense 03 Balance 157.80 Merch tnv. FIFO Merchandise Sales 7-3eo 60.00 48.00 15-Sep 109.80 24-5eo T-Accounts Trial Balance Adjusting Entries income Statement Statement of Retained En Damara Milestone 1(1) Excel Home Insert Page Layout rlas Data Review Tell me what you want to do Show/Hide Comment Show All Comments Protect and Share Workbook Alow users to Edit Ranges saurusCheck Translate New Delete Previous Next Peotect Protect Share Sheet Workbook Workbook Track Changes Sun nking ink Comment Accessibility Language Comments Changes Merchandise Sales Merch. Inv. FIFO 48.00 15-Sep 109.80 24-Sep 7-Sep 60.00 20-Sep 122.00 30-Sep 151.25 68.00 15-Sep 158 153.0024-Sep 158 Balance 333.25 221.00 Balance 112.25 | statement of Retaned Earn income statement Adjusting Entries : T-Accounts Trial Balance
