Cash Accounts Receivable Prepaid Insurance Office Equipment Drafting Equipment

a 195000 8200 80000

b 8900
c 55000
d 2300 2300
e 6600
f 9600 24000
g 14500
h 1100
i 23000
j
k 8000 8000
i 2500
m 1100
n 970
o 10450
p 2000
q 2400
sum 209600 95220 37500 8000 2300 0 9300 0 104000
bal 114380 29500 2300 9300 104000
total assets 366480

Account
Assets
Cash
Accounts
Prepaid I
Office Equ
Drafting
Building
Land
Liabilities
Accounts Payable
Notes Payabble
Owner equity
J. Lancet, Capital
J. Lancet,
Engineering Fees Ear
Wages
Equipment
Advertisi
Repairs Ex
Total
 Drafting Equipment Building Land = Accounts Payable Notes Payabble

52000
55000

1100

1410

1100

0 55000 0 52000 0 1100 2510 0

55000 52000 1410
total Liabilities+equity

Trial Balance
Financial statement
DR CR LANCET ENGINEERING Statement
Income statement
114380 Revenue 44100 Invented by owner
29500 Plus
2300 Engineering Fees Earned 44100 Net income
9300 Expense 9280 Less Withdrawals by owner
104000 Wages Expense 4500
55000 Equipment Rental Ex 1410 J.Lancet, Capital, December 31, 2023
52000 Advertising Expense 2400
Repairs Expense 970
Accounts Payable 1410 Net income 34820
Notes Payabble 57500
Owner equity
J. Lancet, Capital 283200
10450
Engineering Fees Ear 44100
4500
1410
2400
970
386210 386210
 Notes Payabble J. Lancet, Capital J. Lancet, Withdrawals
Engineering Fees Earned Wages Expense Equipment Rental Expense
283200
43100

6600
14400
14500

23000
1410

2500

10450
2000

57500 0 283200 10450 0 0 44100 4500 0 1410

57500 283200 10450 44100 4500 1410
366480

NGINEERING Statement

Invented by owner 283200

34820
Withdrawals by owner 10450

pital, December 31, 2023 307570

quipment Rental Expense
Advertising Expense Repairs Expense

970

2400
0 2400 0 970 0
2400 970