UNADJUSTED TRIAL BALANCE ADJUSTING ENTRIES ADJUSTED TRIAL BALANCE

Cash 70,000 70,000

Office Supplies 8,000 a. 5,000 3,000
Prepaid Insurance 12,000 d. 1,000 11,000
Office Equipment 150,000 150,000
Computer Equipment 60,000 60,000
Notes Payable 50,000
Accounts Payable 5,000
Alab, Capital 114,000
Alab, Drawing 35,000 35,000
Consulting revenues 385,000
Rent Expense 50,000 50,000
Salaries Expense 120,000 e. 3,000 123,000
Telephone Expense 10,000 10,000
Utilities Expense 39,000 39,000
TOTALS 554,000 554,000

a. Supplies Expense a. 5,000 5,000

b. Depreciation Expense b. 40,000 40,000
b. Acc. Depreciation-OE b. 30,000
c.Acc. Depreciation-CE c.10,000
d. Insurance Expense d. 1,000 1,000
e.Salaries Payable e. 3,000
TOTALS 49,000 49,000 597,000
Net Income
TOTALS
DJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET CLOSING ENTRIES
70,000
3,000
11,000
150,000
60,000
50,000 50,000
5,000 5,000
114,000 114,000
35,000 35,000
385,000 385,000 385,000
50,000 50,000
123,000 123,000
10,000 10,000
39,000 39,000

5,000 5,000
40,000 40,000
30,000 30,000
10,000 10,000
1,000 1,000
3,000 3,000
597,000 268000 385,000 329,000 212000
117,000 117,000 117,000
385000 385,000 329,000 329000 385,000 385000
POST-CLOSING TB
70,000
3,000
11,000
150,000
60,000
50,000
5,000
196,000

30,000
10,000

3,000

294,000 294000