Worksheet

The following list presents the accounts and balances for “Historia Company” on September 30, 2016. All the
accounts have normal balances and are in US$.

Acc. No. Account Title Amount

11 Cash 13,000

12 Accounts Receivable 60,250

13 Prepaid Insurance 6,520

14 Supplies 1,530

15 Land 142,000

16 Building 272,250

17 Accumulated Dep-Building 89,670

18 Equipment 120,150

19 Accumulated Dep-Equipment 32,240

21 Accounts Payable 11,250

22 Unearned Rent 12,700

31 Share-Capital 250,000

32 Retained Earnings 80,000

33 Dividends 53,000

41 Service Revenue 340,500

51 Interest Expense 32,000

52 Salaries Expense 44,700

53 Advertising Expense 24,300

54 Utilities Expense 23,650

59 Miscellaneous Expense 23,010

Adjustment data on September 30, 2016:

(a) Unearned rent at the end of the period is only $6,700
(b) Expired insurance is $ 720
(c) Service Revenue but unbilled is $23,200
(d) Supplies on hand is $1,100
(e) Accrued salaries expense is $2,320
(f) Depreciation of building for this period is $3,120
(g) Depreciation of equipment for this period is $2,530

Instructions :
1) Prepare Adjustment Entries for the transactions above
2) Complete the Worksheet.
3) Prepare Financial Statements of Historia Company for the period ended on September 30, 2016 (Income
Statement, Retained Earnings Statement, and Statement of Financial Position)

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