Professional Documents
Culture Documents
Adjusting, Balance and Income
Adjusting, Balance and Income
Adjusting Entries
Accounts AJE # Debit Credit
Bad Debts expensive 1 10,000
Allowance for bad debts 10,000
Liabilities
Salaries
Total Liab
Equity
Owner’s E
Total Equ
Total Liab
Guitar Doc
Income Statement
For the month ended of January,20x1
Income
Service Fees 400,000
Expense
Supplies Expense ( 40,000)
Salaries Expense ( 210,000 )
Bad debt Expense ( 10,000 )
Total Expenses ( 260,000 )