Question
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
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 |
|
|
|
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| |
Supplies Expense | 500 |
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|
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| |
Salaries Expense | 750 |
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|
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| |
Depr. ExpenseEquip. | 20 |
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|
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Depr. ExpenseFurn. | 50 |
|
|
|
|
| |
| $40,470 | $40,470 |
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|
|
| |
| Net income or loss |
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| ||
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