account titles trial balance adjustment

DR CR
cash 120,200.00
a/r 17,000.00
laundry M & S 5,800.00 1 5,000.00
prepaid insurance 4,800.00 2 400.00
landry equip. 150,000.00
Accum. Depr. - Laundry equip. 4 1,562.50
a/p 22,800.00
salaries payable 3 3,000.00
lily, aquino, equity 175,000.00
lily aquino, drawing 1,750.00
income and expense summary
service income 150,000.00
DC- Salaries, WG, and Benefit 30,000.00 3 3,000.00
DC- Materials supp. & facil. 4,500.00 1 5,000.00
DC- Depreciation 4 1,562.50
DC- rental 12,000.00
exp- insurance 2 400.00
exp- miscellaneous 750.00
exp- communication 1,000.00
347,800.00 347,800.00 9962.5 9962.5
net income

adjusting entries

1. supplies expense 5000

launry material and supplies 5000

2 insurance expense 400

prepaid insurance 400

3 saalries expense 3000

salaries payable 3000

4 depreciation expense 1562.5

accum. Depr. - laundry equipment 1562.5
adjusted trial balance income statemnt balance sheet
DR CR DR CR
120,200.00 120,200.00
17,000.00 17,000.00
800.00 800.00
4,400.00 4,400.00
150,000.00 150,000.00
1,562.50 1,562.50
22,800.00 22,800.00
3,000.00 3,000.00
175,000.00 175,000.00
1,750.00 1,750.00

150,000.00 150,000.00
33,000.00 33,000.00
9,500.00 9,500.00
1,562.50 1,562.50
12,000.00 12,000.00
400.00 400.00
750.00 750.00
1,000.00 1,000.00
352,362.50 352,362.50 58,212.50 150,000.00 294,150.00 202362.5
91,787.50 91,787.50
150,000.00 294,150.00