ACCOUNT TITLE UNADJUSTED BALANCE ADJUSTMENT ADJUSTED BALANCE

S
DR CR DR CR DR CR
CASH 172,500 172,500
TUITION FEE 122,550 7,500 130,050
RECEIVABLE
SUPPLIES 65,200 45,640 19,560
COMPUTERS 210,000 210,000
ACC. DEPRE. 105,000 52,500 157,500
COMPUTERS
ACCOUNTS PAYABLE 55,660 55,660
PERALTA, CAPITAL 177,000 177,000
PERALTA, DRAWING 120,000 120,000
SERVICE INCOME 735,750 24,500 7,500 718,750
UTILITIES EXPENSE 65,000 3,250 68,250
RENT EXPENSE 248,510 5,000 253,510
TAXES AND LICENSES 54,650 5,600 60,250
MISCELLANEOUS EXP. 15,000 15,000
1,073,410 1,073,410
ADJUSTMENTS:
SUPPLIES EXPENSE 45,640 45,640
DEPRE EXP COM 52,500 52,500
SALARIES EXPENSE 12,000 12,000
TAXES PAYABLE 5,600 5,600
UTILITIES PAYABLE 3,250 3,250
PREPAID EXPENSE 5,000 5,000
UNEARNED INCOME 24,500 24,500
DOUBTFUL ACC EXP 6,127.50 6,127.50
SALARIES PAYABLE 12,000 12,000
ALL. DOUBT. ACC. 6,127.50 6,127.50
162,117.50 162,117.50 1165387.5 1,165,387.5
a. Supplies Expense 45,640

Supplies 45,640

b. Depreciation Expense- Computer - 52,500

Accumulated Depreciation- Computer – 52,500

c. Salaries Expense - 12,000

Taxes Expense - 5,600

Utilities Expense - 3,250

Salaries Payable 12,000

 Taxes Payable 5,600

Utilities Payable 3,250

d. Rent Expense - 5,000

Prepaid Expense 5,000

e. Service Income 24,500

Unearned Income 24,500

f. Tuition Fee Receivable 7,500

Service Income 7,500

g. Doubtful Accounts Expense 6,127.50

Allowance for Doubtful Accounts 6,127.50