a

f
g

*
ADJUSTING JE
Doubtful Accounts Expense 540
Allowance for Doubtful Accounts 540

Accounts Rec 65,400

Multiply by 10%
Required bal 6,540
Reported Bal (6,000)
Add'l Doubtful accts 540

Accrued Interest Income 3,000

Interest Income 3,000

Notes Receivable 75,000

Multiply by Interest % 12%
Multiply by period 9/1-12/31 0.33
Interest Income 3,000

Office and Store Supplies Expense 7,500

Office and Store Supplies 7,500

Office and Store Sup, beg 12,630

Office and Store Sup, End (unused) (5,130)
Office and Store Expense 7,500

Advertising 4,250
Prepaid Advertising 4,250

Prepaid Advertising 8,500

Months lapsed 10/1 - 12/31 0.50
Advertising Expense 4,250

Insurance Expense 500

Unexpired Insurance 500

Unexpired Insurance 6,000

Months lapsed 12/1-12/31 0.08
Insurance Expense 500

Depreciation Exp 37,975

Accum Depn- Store Furn 14,500
Accum Depn- Office Furn 8,475
Accum Depn- Office Mach 15,000

Store Furn (145,000 x 10%) 14,500

Office Furn (84,750 x 10%) 8,475
 Office Mach (150,000 x 10%) 15,000
Depn Exp 37,975

Interest Expense 16,500

Accrued Interest Expense- Bank Loan 16,500

Bank loan 200,000

Multiply by Interest % 18%
Multiply by period 7/16-12/31 0.46
Interest Income 16,500

Representation Expense 12,500

Advertising Expense 12,500

Merchandise Invty, end 87,500

Income Summary 87,500

Income Summary 98,450

Merchandise Invty, beg 98,450

Income Summary 10,950

Merchandise Inventory 10,950
 AMAMAROS MERCHANDISING C
WORKSHEET
For the Period Ended December

TRIAL BALANCE ADJUSTMENTS

Account Title DR CR DR
Cash 71,920
Accounts Rec, Trade 65,400
Allowance for Doubtful Accounts 6,000
Notes Rec, Trade 75,000
Merchandise Inventory 98,450 87,500
Office and Store Supplies 12,630
Prepaid Advertising 8,500
Unexpired Insurance 6,000
Store Furniture 145,000
Accumulated Depn Store Furn 14,500
Office Furniture 84,750
Accumulated Depn Office Furn 8,475
Office Machines 150,000
Accumulated Depn Office Mach 11,000
Notes Payable 65,900
Bank Loans Payable 200,000
M. Amamaros Capital 400,000
M. Amamaros Drawing 50,200
Sales 885,000
Sales Returns 27,500
Sales Discounts 24,750
Purchases 550,000
Purchase Returns 19,200
Purchase Discounts 25,175
Freight In 30,500
Salaries and Wages 73,500
Rent Expense 40,000
Advertising 30,600 4,250
Repair And Maintenane 25,200
Transportation 24,500
Utilities 20,900
Miscellaneous Expenses 19,950
TOTALS

Adjustments:
Doubtful Accounts Expense 540
Accrued Interest Income 3,000
Interest Income
Office and Store Supplies Expense 7,500
Insurance Expense 500
Depreciation Exp 37,975
Interest Expense 16,500
Accrued Interest Expense- Bank Loan
Representation Expense 12,500
Income Summary 98,450
TOTALS 268,715
Net Income
TOTALS
AMAMAROS MERCHANDISING COMPANY
WORKSHEET
For the Period Ended December 31, 2021

ADJUSTMENTS ADJUSTED TB INCOME STATEMENT BALANCE SHEET

CR DR CR DR CR DR
71,920 71,920
65,400 65,400
540 6,540
75,000 75,000
98,450 87,500 87,500
7,500 5,130 5,130
4,250 4,250 4,250
500 5,500 5,500
145,000 145,000
14,500 29,000
84,750 84,750
8,475 16,950
150,000 150,000
15,000 26,000
65,900
200,000
400,000
50,200 50,200
885,000 885,000
27,500 27,500
24,750 24,750
550,000 550,000
19,200 19,200
25,175 25,175
30,500 30,500
73,500 73,500
40,000 40,000
12,500 22,350 22,350
25,200 25,200
24,500 24,500
20,900 20,900
19,950 19,950

540 540
3,000 3,000
3,000 3,000 3,000
7,500 7,500
500 500
37,975 37,975
16,500 16,500
 16,500 16,500
12,500 12,500
87,500 98,450 87,500 98,450 87,500
268,715 1,780,765 1,780,765 1,033,115 1,019,875 747,650
13,240 13,240
1,033,115 1,033,115 760,890
BALANCE SHEET
CR

6,540

29,000

16,950

26,000
65,900
200,000
400,000
 16,500

760,890

760,890