Requirements: Opening entries and reversing entries

75,000 Cash Accounts receivables Purchases Utilty expense Supplies Equipment Licence and permits Prepaid rent Freight in Owners capital Purchase returns Accounts payable Sales revenue Bank loan Notes payable Unearned revenue Purchase discount Prepaid advertising Furniture Computer Freight out Sales return and allowances Sales salaries expenses Office salaries expenses Drawings Delivery van Sales discount Notes receivable Prepaid insurance Cost of goods sold Inventory Rent expense Depreciation expense-equipment Accumulated depreciation - equipment Supplies expense Advertising expense Depreciation expense-furniture Accumulated depreciation - furniture Interest expense Interest payable Depreciation expense-delivery van Accumulated depreciation - delivery van Interest receivable Interest revenue Insurance expense Rent revenue Bad debt expense Provison for bad debts Total Net income Total Ween trading Worksheet As on June 30 Unadjusted trial balance Adjustments Adjusted trial balance Income statement Balance sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 19,700 19,700 19,700 44,000 44,000 44,000 119,200 119,200 119,200 20,500 20,500 20,500 1,250 1,000 250 250 48,000 48,000 48,000 1,260 1,260 1,260 45,000 15,000 30,000 30,000 2,400 2,400 2,400 75,000 75,000 8,500 8,500 8,500 835,500 835,500 835,500 290,560 290,560 290,560 200,000 200,000 200,000 8,000 8,000 8,000 4,000 2,000 2,000 2,000 600 600 600 10,000 5,000 5,000 5,000 40,000 40,000 40,000 75,000 75,000 75,000 3,120 3,120 3,120 11,700 11,700 11,700 24,000 24,000 24.000 33,000 33,000 33,000 22,000 22,000 22,000 850,000 850,000 850,000 2,030 2,030 2,030 26,000 26,000 26,000 24,000 2,000 22,000 22,000 10,900 10,900 10,900 10,900 (10,900) (10,900) 15,000 15,000 15,000 1,025 1,025 1,025 1,025 1,025 1,000 1,000 1,000 5,000 5,000 5,000 330 330 330 330 330 330 20 20 20 20 20 20 7,000 7,000 7,000 7,000 7,000 15 15 15 15 15 15 2,000 2,000 2,000 2,000 2,000 2,000 1,410 1,410 1,410 1,410 1,410 (1,410) 1,422,160 1,422,160 45,700 45,700 1,431,960 1,431,960 259,635 301,675 1,170,915 1,128,875 42,040 42,040 301,675 301,675 1,170,915 1,170,915 1,025 7,000 75,000 Cash Accounts receivables Purchases Utilty expense Supplies Equipment Licence and permits Prepaid rent Freight in Owners capital Purchase returns Accounts payable Sales revenue Bank loan Notes payable Unearned revenue Purchase discount Prepaid advertising Furniture Computer Freight out Sales return and allowances Sales salaries expenses Office salaries expenses Drawings Delivery van Sales discount Notes receivable Prepaid insurance Cost of goods sold Inventory Rent expense Depreciation expense-equipment Accumulated depreciation - equipment Supplies expense Advertising expense Depreciation expense-furniture Accumulated depreciation - furniture Interest expense Interest payable Depreciation expense-delivery van Accumulated depreciation - delivery van Interest receivable Interest revenue Insurance expense Rent revenue Bad debt expense Provison for bad debts Total Net income Total Ween trading Worksheet As on June 30 Unadjusted trial balance Adjustments Adjusted trial balance Income statement Balance sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit 19,700 19,700 19,700 44,000 44,000 44,000 119,200 119,200 119,200 20,500 20,500 20,500 1,250 1,000 250 250 48,000 48,000 48,000 1,260 1,260 1,260 45,000 15,000 30,000 30,000 2,400 2,400 2,400 75,000 75,000 8,500 8,500 8,500 835,500 835,500 835,500 290,560 290,560 290,560 200,000 200,000 200,000 8,000 8,000 8,000 4,000 2,000 2,000 2,000 600 600 600 10,000 5,000 5,000 5,000 40,000 40,000 40,000 75,000 75,000 75,000 3,120 3,120 3,120 11,700 11,700 11,700 24,000 24,000 24.000 33,000 33,000 33,000 22,000 22,000 22,000 850,000 850,000 850,000 2,030 2,030 2,030 26,000 26,000 26,000 24,000 2,000 22,000 22,000 10,900 10,900 10,900 10,900 (10,900) (10,900) 15,000 15,000 15,000 1,025 1,025 1,025 1,025 1,025 1,000 1,000 1,000 5,000 5,000 5,000 330 330 330 330 330 330 20 20 20 20 20 20 7,000 7,000 7,000 7,000 7,000 15 15 15 15 15 15 2,000 2,000 2,000 2,000 2,000 2,000 1,410 1,410 1,410 1,410 1,410 (1,410) 1,422,160 1,422,160 45,700 45,700 1,431,960 1,431,960 259,635 301,675 1,170,915 1,128,875 42,040 42,040 301,675 301,675 1,170,915 1,170,915 1,025 7,000