Accounting 1

Andrews Landscaping Worksheet Three Months Ended March 31, 20-3

Trial Balance Adjustments Income Statement Balance Sheet
Accounts Debit Credit Debit Credit Debit Credit Debit Credit

Bank 7 100.68
Accounts Receivable 1 600.00
Prepaid Insurance 1 485.00
Supplies 1 064.21
Equipment 3 898.21
Truck 6 000.00
Bank Loan 5 000.00
Accounts Payable 3 468.41
HST Payable 2 162.83
HST Recoverable 573.99
O. Andrews, Capital 14 969.27
O. Andrews, Drawings 6 400.00
Fees Earned 30 897.55
Advertising Expense 5 531.54
Bank Charges Expense 97.00
General Expense 330.66
Rent Expense 3 200.00
Telephone Expense 289.64
Utilities Expense 481.37
Wages Expense 18 445.76
56 498.06 56 498.06

Net Loss

Copyright © 2003 Pearson Education Canada Inc., Toronto, Ontario

Accounting 1

Andrews Landscaping
Income Statement
Three Months Ended March 31, 20-3

Revenue

Operating Expenses

Total Expenses
Net Income

Copyright © 2003 Pearson Education Canada Inc., Toronto, Ontario

Accounting 1

Andrews Landscaping
Balance Sheet
March 31, 20-3
ASSETS
Current Assets

Total Current Assets

Long-Term Assets

Total Long-Term Assets

Total Assets

LIABILITIES
Current Liabilities

Total Current Liabilities

OWNER'S EQUITY
Opening Balance
Net Income
Less: Drawings
Increase in Captal
Ending Balance
Total Liabilities and Equity

Copyright © 2003 Pearson Education Canada Inc., Toronto, Ontario