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Prepare a balance sheet as of October 31, 2018 for Taser Consulting. Fixed assets must be entered in order according to account number. Be sure
Prepare a balance sheet as of October 31, 2018 for Taser Consulting. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary.
Taser Consulting | ||||||
End-of-Period Spreadsheet | ||||||
For the Year Ended October 31, 2018 | ||||||
Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | ||||
Account Title | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. |
Cash | 45,000 | 45,000 | ||||
Accounts Receivable | 119,200 | 119,200 | ||||
Supplies | 11,900 | 7,500 | 4,400 | |||
Office Equipment | 400,000 | 400,000 | ||||
Accumulated Depreciation | 56,000 | 6,000 | 62,000 | |||
Accounts Payable | 20,500 | 20,500 | ||||
Salaries Payable | 9,000 | 9,000 | ||||
Common Stock | 75,000 | 75,000 | ||||
Retained Earnings | 180,700 | 180,700 | ||||
Dividends | 25,000 | 25,000 | ||||
Fees Earned | 800,000 | 800,000 | ||||
Salary Expense | 520,000 | 9,000 | 529,000 | |||
Supplies Expense | 7,500 | 7,500 | ||||
Depreciation Expense | 6,000 | 6,000 | ||||
Miscellaneous Expense | 11,100 | 11,100 | ||||
1,132,200 | 1,132,200 | 22,500 | 22,500 | 1,147,200 | 1,147,200 |
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