EXPRESS TRAVEL

TRIAL BALANCE
JANUARY 31, 2022
ADJUSTMENT
Account Debit Credit Debit
Cash 102,280.00
Accounts Receivable 7,500.00
Prepaid Rent 600.00
Prepaid Insurance 120.00
Office Supplies 2,500.00
Furnitures and Fixtures 15,000.00
Accounts Payable 5,000.00
Bank Loan 15,000.00
Unearned Revenue 7,500.00
Commission Revenue 12,500.00
Farida, Capital 100,000.00
Farida, Withdrawals 3,000.00
Salaries Expense 9,000.00
140,000 140,000
Rent Expense 200.00
Insurance Expense 10.00
Interest Expense 300
Supplies Expense 1,000.00
Interest Payable
1,510.00
NET INCOME

Adjusting Entries
Rent Expense 200
Prepaid Rent 200

Insurance Expense 10
Prepaid Insurance 10

Interest Expense 300

Interest Payable 300
 Get the income Get the Aseets.
and expenses on; Liabilities and
Owner's Equity
ADJUSTMENT Adjusted TB Income Statement Balance Sheet
Credit
102,280.00 102,280.00
7,500.00 7,500.00
200.00 400.00 400.00
10.00 110.00 110.00
1,000.00 1,500.00 1,500.00
15,000.00 15,000.00
5,000.00 5,000.00
15,000.00 15,000.00
7,500.00 7,500.00
12,500.00 12500
100,000.00 100,000.00
3,000.00 3,000.00
9,000.00 9,000.00

200.00 200.00
10.00 10.00
300 300
1,000.00 1,000.00
300 300 300
1,510.00 140,300.00 140,300.00 10,510.00 12,500.00 129,790.00 127,800.00
1990 1990
12,500.00 12,500.00 129,790.00 129,790.00
1,990.00 1,990.00