Requirement 1. Complete the worksheet at

December

31.

The adjusted trial balance columns of the worksheet have been completed for you using the adjusted trial balance given in the problem. Complete the partial worksheet by populating the Income Statement and Balance Sheet columns.

Dunst Consulting
Worksheet (Partial)
December 31, 2016
		Adjusted		Income		Balance
		Trial Balance		Statement		Sheet
	Account Title	Debit	Credit	Debit	Credit	Debit	Credit
	Cash	$28,200
	Accounts Receivable	2,300
	Office Supplies	200
	Equipment	1,650
	Accum. Depr.Equip.		$20
	Furniture	4,000
	Accum. Depr.Furn.		50
	Accounts Payable		4,400
	Unearned Revenue		2,300
	Salaries Payable		750
	Dunst, Capital		27,000
	Dunst, Withdrawals	1,200
	Service Revenue		5,950
	Rent Expense	1,200
	Utilities Expense	400
	Supplies Expense	500
	Salaries Expense	750
	Depr. ExpenseEquip.	20
	Depr. ExpenseFurn.	50
		$40,470	$40,470
		Net income or loss