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    Laredo Placement Agency Worksheet DECEMBER 31,2003

    Uploaded by

    Shinji
    This worksheet shows the trial balance and adjustments for Laredo Placement Agency as of December 31, 2003. It includes asset, liability and equity accounts on the balance sheet, as well as revenue and expense accounts on the income statement. Key figures include total assets of $818,945, total liabilities of $463,250, total equity of $355,695, total revenues of $352,695 and net income of $54,875 for the period.

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    Laredo Placement Agency Worksheet DECEMBER 31,2003

    Uploaded by

    Shinji
    2K views2 pages
    This worksheet shows the trial balance and adjustments for Laredo Placement Agency as of December 31, 2003. It includes asset, liability and equity accounts on the balance sheet, as well as revenue and expense accounts on the income statement. Key figures include total assets of $818,945, total liabilities of $463,250, total equity of $355,695, total revenues of $352,695 and net income of $54,875 for the period.

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    Original Title

    La Redo

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    This worksheet shows the trial balance and adjustments for Laredo Placement Agency as of December 31, 2003. It includes asset, liability and equity accounts on the balance sheet, as well as revenue and expense accounts on the income statement. Key figures include total assets of $818,945, total liabilities of $463,250, total equity of $355,695, total revenues of $352,695 and net income of $54,875 for the period.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    2K views2 pages

    Laredo Placement Agency Worksheet DECEMBER 31,2003

    Uploaded by

    Shinji
    This worksheet shows the trial balance and adjustments for Laredo Placement Agency as of December 31, 2003. It includes asset, liability and equity accounts on the balance sheet, as well as revenue and expense accounts on the income statement. Key figures include total assets of $818,945, total liabilities of $463,250, total equity of $355,695, total revenues of $352,695 and net income of $54,875 for the period.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 2

    LAREDO PLACEMENT AGENCY

    WORKSHEET
    DECEMBER 31,2003

    ACCOUNT TITLES Unadjusted Trial Bal ADJUSTMENTS Adjusted Trial Bal Income Statement
    DR CR DR CR DR CR DR

    CASH 80000 80000


    ACCTS REC. 30000 30000
    ALLOW. FOR B/D 1500 2000 3500
    NOTES REC. 6500 6500
    PREPAID INSURANCE 3750 3125 625
    CAR 365000 365000
    AD-CAR 22500 30000 52500
    NOTES PAYABLE 15000 15000
    ACCTS PAYABLE 25000 25000
    LARED, CAPITAL 334050 334050
    LAREDO, PERSONAL 35000 35000
    PLACEMENT INCOME 380000 30000 350000
    RENT EXP. 76500 76500 76500
    SALARIES EXP. 168000 3200 171200 171200
    INTEREST INCOME 2500 195 2695
    INTEREST EXP. 1800 1800 1800
    GAS & OIL 11500 11500 11500
    SUPPLIES EXP 2500 1000 1500 1500
    TOTAL 780550 780550

    supplies 1000 1000


    DEPRECIATION EXP-CAR 30000 30000 30000
    INSURANCE EXP 3125 3125 3125
    INTEREST REC 195 195 195
    SALARIES PAYABLE 3200 3200
    UNEARNED INCOME 30000 30000
    BAD DEBTS EXP 2000 2000 2000
    TOTAL 69520 69520 815945 815945 297820
    NET INCOME 54875
    352695
    Income Statement Balance Sheet
    CR DR CR

    80000
    30000
    3500
    6500
    625
    365000
    52500
    15000
    25000
    334050
    35000
    350000

    2695

    1000

    3200
    30000

    352695 518125 463250


    54875
    352695 518125 518125

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