Worksh

For the year ended D

Unadjusted Trial Balance Adjustments
Debit Credit Debit
Cash 304,500
Accounts Receivable 484,200
Merchandise Inventory 528,000
Store Supplies 26,000
Office Supplies 18,400
Prepaid Insurance 13,800
Land 145,000
Building 202,600
Accumulated Depreciation - Building 56500
Office Equipment 86,000
Accumulated Depreciation - Office Equipment 28,000
Accounts Payable 206,830
Salaries Payable 20,000
Interest Payable
Long term Notes Payable 480,000
Capital 593,920
Withdrawal 200,000
Sales 2,463,500
Sales Returns and Allowances 27,500
Sales Discounts 42,750
Purchases 1,264,000
Purchases Returns and Allowances 56,400
Purchase discounts 21,360
Transportation In 82,360
Salaries Expense 225,000
Office Salaries Expense 171,000
Store Supplies Expense 15,400
Office Supplies Expense 12,040
Insurance Expense 9,200
Transportation Out 57,400
Utilities Expense 48,000
Depreciation Expense - Building 26,000
Depreciation Expense - Equipment 22,000
Interest Expense 38,400
3,926,510.00 3,926,510.00 123,040.00
Net Income

Adjustments
a. 9,200 of the insurance were expensed.
b. Store supplies on hand is 10,600.
c. Office supplies ending inventory, 6,360
d. Depreciation for building and equipment
are 26,000 and 22,000 respectively.
e. Interest on the longterm notes is 8% annually.
f. Ending inventory was 483,000
 Worksheet
For the year ended December 31, 2021
Adjustments Income Statement Balance Sheet
Credit Debit Credit Debit Credit
304,500
484,200
528,000 483,000 483,000
15,400 10,600
12,040 6,360
9,200 4,600
145,000
202,600
26,000 82,500
86,000
22,000 50,000
206,830
20,000
38,400 38,400
480,000
593,920
200,000
2,463,500
27,500
42,750
1,264,000
56,400
21,360
82,360
225,000
171,000
15,400
12,040
9,200
57,400
48,000
26,000
22,000
38,400
123,040.00 2,569,050.00 3,024,260.00 1,926,860.00 1,471,650.00
455,210.00 455,210.00
3,024,260.00 3,024,260.00 1,926,860.00 1,926,860.00