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Peter Pan Painting Worksheet Year Ended December 31, 2020 TRIAL BALANCE ADJUSTMENTS INCOME STATEMENT BALANCE SHEET ACCOUNTS Dr Cr Dr Cr Dr Cr Dr Cr Bank 500.00 Accounts Receivable 7 910.00 Merchandise Inventory 29 600.00 Supplies 2 500.00 Equipment 27 850.00 Accumulated Depreciation - Equipment 5 200.00 600.00 Building 11 772.00 Accounts Payable 7 400.00 C. Hook, Capital 56 772.00 C. Hook, Drawings 10 000.00 Sales 94 510.00 Purchases 41 500.00 Freight-in 5 950.00 Rent Expense 24 800.00 750.00 Telephone Expense 1 500.00 163 882.00 163 882.00