PKS, Corp 10-Column Worksheet March 31, 2022 ADJUSTMENTS UNADJUSTED TB March 31, 2022 ADJUSTED TB INCOME STATEMENT BALANCE SHEET March 31, 2022 Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $ 47,892 47,892 47,892 Short-term investments 35,675 4 1,962 37,637 37,637 Accounts receivable, net Allowance for doubtful accounts Supplies 79,236 79,236 79,236 $ 2,369 2 3,962 6,331 6,331 46,265 5 27,678 18,587 18,587 Inventory 61,875 61,875 61,875 Prepaid insurance 18,000 9 4,500 13,500 13,500 Building improvements 368,000 368,000 368,000 Accumulated depreciation-building improvements 3 2,044 2,044 2,044 Furniture and fixtures 147,865 147,865 147,865 Accumulated depreciation-fumiture and fixtures 8,801 8 8,444 17,245 17,245 Customer lists 22,500 22,500 22,600 Accounts payable 48,600 48,600 48,600 Salaries and wages payable 7 10,800 10,800 10,800 Interest payable 1,350 1 450 1,800 1,800 Unearned revenue 17,600 17,600 17,600 Income tax payable 10 33,403 33,403 33,403 Long-term notes payable - due 1.01.25 Common stock, 30,000 shares issued and outstanding 45,000 45,000 45,000 60,000 60,000 60,000 Retained eamings Dividends Sales revenue, net 288,739 288,739 288,739 35,000 35,000 35,000 775,980 6 5,300 770,680 770,680 Sales discount Sales retum and allowance Rent revenue Interest revenue Cost of goods sold Supplies expense Bad debt expense Salaries and wages expense Insurance experse Depreciation expense Interest expense Income tax expense TOTALS 65,972 65,972 19,528 19,528 65,972 19,628 6,500 6 5,300 4 1,962 11,800 1,962 11,800 1,962 218,989 218,989 87,942 5 27,678 2 3,962 7 10,800 115,620 218,989 115,620 $ 1,254,939 1,254,939 65,141 NET INCOME 10,489 33,403 3,962 10,800 4,500 10,489 450 33,403 Page 1- 1,316,005 3,962 10,800 4,500 10,489 450 33,403 1,316,005 $ 483,813 $ 784,442 $ 832,192 $ 531,563 $ $ 300,629 784,442 300,629 $ 784,442 $ 832,192 $ 832,192