Adjusted Trial Balance P & L A/C Balance Sheet

Particular Dr Cr Dr Cr Dr Cr

Equipment 18000 18000

Accu. Dep. 3600 3600

Supplies 1900 1900

Debtors 4210 4210

Cash 2170 2170

Prepaid rent 5100 5100

Unbilled revenue 3020 3020

creditors 2160 2160

Unearned revenue 970 970

Salaries payable 1310 1310

Share capital 25000 25000

Retained earning 2160 2160

Dividends 3800 3800

Revenue from services 20050 20050

Salary exp. 9720 9720

Supplies exp. 2160 2160

Telephone exp. 970 970

Rent exp. 2400 2400

Depreciation exp. 1800 1800

profit 3000 3000

55250 55250 20050 20050 38200 38200
 P & L Account
For the year ended December 31st 20X8

REVENUES

Revenues from services 20050

EXPENSES

Salary exp. 9720

Supplies exp. 2160

Telephone exp. 970

Rent exp. 2400

Depreciation exp. 1800

Total expenses 17050

Net Profit 3000

 Statement of Retained Earnings
For the year ended December 31st 20X8

Retained Earning, April 1st 20X8 2160

Add : Net Profit 3000

Available for distribution 5160

Less : Dividend 3800

Retained Earning, December 31st 20X8 1360

 Balance Sheet
For the year ended December 31st 20X8

Assets

Equipment 18000

Less : Accumulated depreciation 3600 14400

Supplies 1900

Debtors 4210

Cash 2170

Prepaid rent 5100

Unbilled revenue 3020

Total Assets 30800

Liabilities

creditors 2160

Unearned revenue 970

Salaries payable 1310

Total Liabilities 4440

Equity

Share Capital 25000

Retained Earnings 1360

Total Equity 26360

Total Liabilities and Equity 30800