This is unadjusted trial balance from Comprehensive Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Furniture Land Accounts Payable Utilities Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Total ANN SIMPSON,DESIGNER Unadjusted Trial Balance November 30, 2018 Balance Debit $ 12,400 1,100 900 1,080 1,800 24,000 4,000 2,820 800 600 $ 49,500 Credit $ 900 600 2,100 39,000 6,900 $ 49,500 Adjusting Entries 1. An inventory of supplies showed $100 of supplies were left 2. There was $400 of depreciation on Furniture 3. $1,080 of insurance was purchased for 12 months. Three month of insurance was used. 4. Performed $1,500 of services that was paid for in advance 5. On last day of the month, performed $6,000 of services for new customer and will be paid next month 6. Happy cleaners provided $700 of cleaning services on the last day of the month. They will be paid next month. General Journal Date Adj 1 Adj2 Adj3 Adj4 Adj5 Adj6 Accounts and Explanation Debit Credit General Ledger (starting with balances from unadjusted trial balance) Cash Accounts Payable Unadj Bal. 12,400 900 Accounts Receivable Unadj Bal. Unadj Bal. Unadj Bal. Unadj Bal. Unadj Bal. Undadj 1,100 Office Supplies 900 Prepaid Insurance 1,080 Land 24,000 Furniture 1,800 Salary Expense 2,820 Supplies Expense Depreciation Expense- Furniture Insurance expense Unadj Bal. Unadj Bal. Unadj Bal. Utilities Payable 600 Unearned Revenue 2,100 Common Stock 39,000 Dividends 4,000 Service Revenue Utilities Expense 600 Rent Expense 800 Unadj Bal. Unadj Bal. 6,900 Unadj Bal. Cleaning expense Unadj Bal. Unadj Bal. Accumulated Depreciation-Furniture Adjusted Trial Balance Account Title Cash ANN SIMPSON DESIGNER Adjusted Trial Balance December 31, 2018 Accounts Receivable Office Supplies Prepaid Insurance Land Furniture Accumulated Depreciation-Furniture Accounts Payable Utilities Payable Unearned Revenue Common Stock Dividends Service Revenue Utilities Expense Rent Expense Cleaning expense Salary Expense Supplies Expense Depreciation Expense- Furniture Insurance expense Total $ Balance Debit Credit $ Revenues: Service Revenue Expenses: Utilities Expense Rent Expense Cleaning expense Salary Expense Supplies Expense Depreciation Expense- Furniture Insurance expense Total Expenses Net Income Beginning, January 1, 2018 Net income for the year Current Assets: Cash Dividends Ending Balance, December 31, 2018 Accounts Receivable Office Supplies Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Land Current Liabilities: Accounts Payable Utilities Payable Unearned Revenue Total Current Liabilities ANN SIMPSON DESIGNER Income Statement Year Ended December 31, 2018 Total Liabilities ANN SIMPSON DESIGNER Statement of Owner's Equity Year Ended December 31, 2018 Common Stock Owner's Equity Furniture Less: Accumulated Depreciation-Furniture Total Property, Plant, and Equipment Total Assets ANN SIMPSON DESIGNER Balance Sheet December 31, 2018 Assets Liabilities Stockholders' Equity