R&J Electrical Supply Unadjusted Trial Balance December 31, 2020 Debit Credit 210,628 76,846 1,200 220,416 12,000 2,400 30,000 164,000 576,000 120,000 5,200 24.900 Account Title Cash Accounts Receivable Allowance for doubtful accounts Inventory parts and appliances Prepaid Insurance Supplies Notes Receivable Interest Receivable Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Unearned Revenue Estimated Warranty liability Bank Loan - Operating Line of Credit Notes Payable, due Jan. 1 2022 4 Richard Rogers, Capital 5 Richard Rogers, Withdrawals 6 John Jones, Capital 7 John Jones, Withdrawals 8 Sales Revenue-parts 9 Sales Revenue-appliances 50 Sales Discounts 31 Sales Returns and Allowances 32 Service Revenue-Custom Installations 33 Interest Revenue 34 Cost of Goods Sold 35 Bad Debt Expense 36 Depreciation Expense-building 37 Depreciation Expense-equipment 38. Insurance Expense 39 Interest Expense 40 Maintenance Expense 41 Professional Fees Expense 42 Property tax expense 43 Salaries Expense 44 Supplies Expense 45 Telephone Expense 46 Travel Expense 47 Warranty Expense 48 Totals 300,000 25,000 500,000 60,000 500,000 80,000 682,000 125,000 5,200 6,000 43,500 4,500 358,110 0 0 0 1,200 2,600 7,000 4,200 3,500 32.000 O 3,800 12,700 O 2,038,600 2.211,300 R&J Electrical Supply Adjust Trial Balance December 31, 2021 Credit Debit $ 546,632 102,400 2.772 275,500 1125 840 0 164,000 576,000 15.010 120,000 Account Title Cash Accounts Receivable Allowance for doubtful accounts Inventory-parts Prepaid Insurance Supplies Notes Receivable Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable B Interest Paysble Dividends Payable-Preferred Dividends Payable-Common 2 Unearned Revenue 3 Income tax payable 4 Notes Payable, due Jan 1, 2022 -5 Preferred Shares 26 Common Shares e7 Retained Earnings 28 Dividends Declared 29 Sales Revenue-parts 30 Sales Discounts 31 Sales Returns and Allowances 32 Service Revenue-Custom Installations 33 Interest Revenue 34 Cost of Goods Sold 35 Bad Debt Expense 36 Depreciation Expense-building 37 Depreciation Expense-equipment 38 Insurance Expense 39 Interest Expense 40 Maintenance Expense 41 ProfessionalFees Expense 42 Property tax expense 43 Salates Expense 44 Telephone Expense 45 Travel Expense 46 Income tax expense 47 Loss on Discontinued operations net of income tax) 48 Totals 49 Profit 28,800 8,500 1.000 53,333 106,667 12,500 117.184 20.000 200.000 219.180 160,000 995,000 6.100 7 200 85,750 2,700 441.765 2.500 10,000 18.800 12.250 2.600 7,500 5,600 3,800 72.000 4 150 8.750 119.809 7.875 $ 2.677.196 ### RB Electrical Supply Income Statement For the year ended December 31, 2021 2021 X 2020 % 995.000 Revenue des Revenue Pantalones 1 Lene SD counts 2 See AR 3 Net Sales 4 Cool Good Sold Grott 15 Operating expenses 37 169 70 7 7 73 T4 25 70 72 70 79 Operating more 00 Other Revenue and pense 01 33 M 05 86 Operation DT Discominced Operations 30 2980 Pro R&J Electrical Supply Statement of Changes in Equity For the year ended December 31, 2021 Common Shares Preferred Shares S5, Cumulative Retained Earnings Total Equity 916 32 38 89 00 101 Balance January 1,2021 102 103 Issuance of shares 104 105 Profit Loss) 106 107 Dividends 108 109 Balance December 31,2021 p=b R8J Electrical Supply Balance Sheet December 31, 2021 2021 2020 2021 2020 117 118 Assets T3 Current assets 120 121 Liabilities Current liabilities: 5 5 82932838 a 3a 120 124 T25 126 127 Total current liabilities Non current liabilities Total Bibilities Shareholders Equity Contributied capital 129 assets Property, plant, 10 Equipment 11 132 133 134 135 136 Total non-current assets 07 130 103 NO 11 142 Total Assets 143 14 Roos Jone Total shareholders equity Total abilities & equity 145 R&J Electric Supply 146 Cash Flow Statement 147 For the year ended December 31, 2021 148 149 Cash flows from operating activities: 150 Profit 151 Adjustments: 152 153 154 155 156 157 158 159 160 161 162 163 Cash flows from operating activities: 164 165 Cash flows from investing activities 166 167 168 Cash flows from financing activities 169 170 171 172 Cash flows from financing activities 173 Net increase (decrease) in cash 174 Cash at beginning of year 175 Cash at end of year 176 177 R&J Electrical Supply Unadjusted Trial Balance December 31, 2020 Debit Credit 210,628 76,846 1,200 220,416 12,000 2,400 30,000 164,000 576,000 120,000 5,200 24.900 Account Title Cash Accounts Receivable Allowance for doubtful accounts Inventory parts and appliances Prepaid Insurance Supplies Notes Receivable Interest Receivable Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Unearned Revenue Estimated Warranty liability Bank Loan - Operating Line of Credit Notes Payable, due Jan. 1 2022 4 Richard Rogers, Capital 5 Richard Rogers, Withdrawals 6 John Jones, Capital 7 John Jones, Withdrawals 8 Sales Revenue-parts 9 Sales Revenue-appliances 50 Sales Discounts 31 Sales Returns and Allowances 32 Service Revenue-Custom Installations 33 Interest Revenue 34 Cost of Goods Sold 35 Bad Debt Expense 36 Depreciation Expense-building 37 Depreciation Expense-equipment 38. Insurance Expense 39 Interest Expense 40 Maintenance Expense 41 Professional Fees Expense 42 Property tax expense 43 Salaries Expense 44 Supplies Expense 45 Telephone Expense 46 Travel Expense 47 Warranty Expense 48 Totals 300,000 25,000 500,000 60,000 500,000 80,000 682,000 125,000 5,200 6,000 43,500 4,500 358,110 0 0 0 1,200 2,600 7,000 4,200 3,500 32.000 O 3,800 12,700 O 2,038,600 2.211,300 R&J Electrical Supply Adjust Trial Balance December 31, 2021 Credit Debit $ 546,632 102,400 2.772 275,500 1125 840 0 164,000 576,000 15.010 120,000 Account Title Cash Accounts Receivable Allowance for doubtful accounts Inventory-parts Prepaid Insurance Supplies Notes Receivable Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable B Interest Paysble Dividends Payable-Preferred Dividends Payable-Common 2 Unearned Revenue 3 Income tax payable 4 Notes Payable, due Jan 1, 2022 -5 Preferred Shares 26 Common Shares e7 Retained Earnings 28 Dividends Declared 29 Sales Revenue-parts 30 Sales Discounts 31 Sales Returns and Allowances 32 Service Revenue-Custom Installations 33 Interest Revenue 34 Cost of Goods Sold 35 Bad Debt Expense 36 Depreciation Expense-building 37 Depreciation Expense-equipment 38 Insurance Expense 39 Interest Expense 40 Maintenance Expense 41 ProfessionalFees Expense 42 Property tax expense 43 Salates Expense 44 Telephone Expense 45 Travel Expense 46 Income tax expense 47 Loss on Discontinued operations net of income tax) 48 Totals 49 Profit 28,800 8,500 1.000 53,333 106,667 12,500 117.184 20.000 200.000 219.180 160,000 995,000 6.100 7 200 85,750 2,700 441.765 2.500 10,000 18.800 12.250 2.600 7,500 5,600 3,800 72.000 4 150 8.750 119.809 7.875 $ 2.677.196 ### RB Electrical Supply Income Statement For the year ended December 31, 2021 2021 X 2020 % 995.000 Revenue des Revenue Pantalones 1 Lene SD counts 2 See AR 3 Net Sales 4 Cool Good Sold Grott 15 Operating expenses 37 169 70 7 7 73 T4 25 70 72 70 79 Operating more 00 Other Revenue and pense 01 33 M 05 86 Operation DT Discominced Operations 30 2980 Pro R&J Electrical Supply Statement of Changes in Equity For the year ended December 31, 2021 Common Shares Preferred Shares S5, Cumulative Retained Earnings Total Equity 916 32 38 89 00 101 Balance January 1,2021 102 103 Issuance of shares 104 105 Profit Loss) 106 107 Dividends 108 109 Balance December 31,2021 p=b R8J Electrical Supply Balance Sheet December 31, 2021 2021 2020 2021 2020 117 118 Assets T3 Current assets 120 121 Liabilities Current liabilities: 5 5 82932838 a 3a 120 124 T25 126 127 Total current liabilities Non current liabilities Total Bibilities Shareholders Equity Contributied capital 129 assets Property, plant, 10 Equipment 11 132 133 134 135 136 Total non-current assets 07 130 103 NO 11 142 Total Assets 143 14 Roos Jone Total shareholders equity Total abilities & equity 145 R&J Electric Supply 146 Cash Flow Statement 147 For the year ended December 31, 2021 148 149 Cash flows from operating activities: 150 Profit 151 Adjustments: 152 153 154 155 156 157 158 159 160 161 162 163 Cash flows from operating activities: 164 165 Cash flows from investing activities 166 167 168 Cash flows from financing activities 169 170 171 172 Cash flows from financing activities 173 Net increase (decrease) in cash 174 Cash at beginning of year 175 Cash at end of year 176 177