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Unadjusted Trial Balance Overview

The document is an unadjusted trial balance, adjustments, adjusted trial balance, income statement, balance sheet, and closing entries for a business. It shows account balances and transactions that impact revenues, expenses, assets, and liabilities. The net income for the period is $870,000 based on $11,300,000 in revenues and $9,900,000 in expenses. Total assets of $3,000,000 equal total liabilities and equity on the balance sheet.

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glaide lojero
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288 views3 pages

Unadjusted Trial Balance Overview

The document is an unadjusted trial balance, adjustments, adjusted trial balance, income statement, balance sheet, and closing entries for a business. It shows account balances and transactions that impact revenues, expenses, assets, and liabilities. The net income for the period is $870,000 based on $11,300,000 in revenues and $9,900,000 in expenses. Total assets of $3,000,000 equal total liabilities and equity on the balance sheet.

Uploaded by

glaide lojero
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Particulars Unadjusted Trial Balance Adjustments

Debit Credit Debit Credit


Cash 100000
Accounts Receivable 500000
Merchandise Inventory 700000
Prepaid Rent 300000 100000
Shop Equipment 1600000
Accumulated Depreciation 200000 200000
Accounts Payable 400000
P, Capital 1300000
P, Withdrawals 100000
Sales 2900000
Sales Discounts 100000
Purchases 800000
Purchases Returns and Discounts 200000
Trasportation In 100000
Salaries Expense 400000 30000
Advertising Expense 150000
Utilities Expense 100000
Supplies Expense 50000
TOTALS 5000000 5000000
Salaries Payable 30000
Rent Expense 100000
Depreciation Expense 200000
Inventory, Ending
TOTALS 330000 330000
Cost of Goods Sold

Income Summary, Profit/Loss


Adjusted Trial Balance Cost of Sales Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit Debit
100000 100000
500000 500000
700000 700000
200000 200000
1600000 1600000
400000
400000
1300000
100000 100000
2900000 2900000
100000 100000
800000 800000
200000 200000
100000 100000
430000 430000
150000 150000
100000 100000
50000 50000

30000
100000 100000
200000 200000
500000 500000
5230000 5230000 1600000 700000 1130000 2900000
900000 900000
1600000 1600000 2030000
870000
2900000 2900000 3000000
Closing Entries Post-Closing Trial Balance
Credit Debit Credit Debit Credit
100000
500000

200000
1600000
400000 400000
400000 400000
1300000 1300000
100000 100000
2900000

430000
150000
100000
50000

30000 30000
100000
200000
500000

900000

870000 870000 870000


3000000 2900000 2900000 3000000 3000000

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