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WEDDING R US Worksheet

The document is a trial balance worksheet for Wedding R Us for the month ended May 31, 2014. It shows account balances before and after adjustments to various income and expense accounts. Adjustments were made to increase accounts receivable, prepaid rent and insurance, accumulated depreciation for the service vehicle and office equipment, and salaries, utilities and interest payable. After the adjustments, consulting revenues are increased while the net income is $35,000.

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Kaye Villaflor
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489 views2 pages

WEDDING R US Worksheet

The document is a trial balance worksheet for Wedding R Us for the month ended May 31, 2014. It shows account balances before and after adjustments to various income and expense accounts. Adjustments were made to increase accounts receivable, prepaid rent and insurance, accumulated depreciation for the service vehicle and office equipment, and salaries, utilities and interest payable. After the adjustments, consulting revenues are increased while the net income is $35,000.

Uploaded by

Kaye Villaflor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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WEDDING R US

WORKSHEET
FOR THE MONTH ENDED 31 MAY 2014

NO ACCOUNT TRIAL BALANCE ADJUSTMENTS ADJ T/B


DR CR DR CR DR CR
110 CASH 22,200.00 22,200.00
120 A/R 12,000.00 I 5,300.00 17,300.00
130 SUPPLIES 18,000.00 C 3,000.00 15,000.00
140 PREPAID RENT 8,000.00 A 4,000.00 4,000.00
150 PREPAID INSURANCE 14,400.00 B 1,200.00 13,200.00
160 SERVICE VEHICLE 420,000.00 420,000.00
165 ACCU. DEP - SV D 4,000.00 4,000.00
170 OFFICE EQUIPMENT 60,000.00 60,000.00 -
175 ACCU DEP - OE E 1,000.00 1,000.00
210 NOTES PAYABLE 210,000.00 210,000.00
220 A/P 53,000.00 53,000.00
230 SALARIES PAYABLE G 1,800.00 1,800.00
240 UTILITIES PAYABLE 1,400.00 1,400.00
250 INTEREST PAYABLE H 3,500.00 3,500.00
260 UNEARNED REFERRAL REV 10,000.00 F 4,000.00 6,000.00
310 DIAZ, CAPITAL 250,000.00 250,000.00
320 DIAZ, WITHDRAWALS 14,000.00 14,000.00
330 INCOME SUMMARY
410 CONSULTING REVENUES 62,400.00 I 5,300.00 67,700.00
420 REFERRAL REVENUES F 4,000.00 4,000.00
510 SALARIES EXP 13,800.00 G 1,800.00 15,600.00
520 SUPPLIES EXP C 3,000.00 3,000.00
530 RENT EXP A 4,000.00 4,000.00
540 INSURANCE EXP B 1,200.00 1,200.00
550 UTILITIES EXP 4,400.00 4,400.00
560 DEP EXP - SV D 4,000.00 4,000.00
570 DEP EXP - OE E 1,000.00 1,000.00
580 MISC EXP -
590 INT EXP H 3,500.00 3,500.00
TOTAL 586,800.00 586,800.00 27,800.00 27,800.00 602,400.00 602,400.00
NET INCOME (LOSS)
INCOME STATEMENT BALANCE SHEET
DR CR DR CR
22,200.00
17,300.00
15,000.00
4,000.00
13,200.00
420,000.00
4,000.00
60,000.00
1,000.00
210,000.00
53,000.00
1,800.00
1,400.00
3,500.00
6,000.00
250,000.00
14,000.00

67,700.00
4,000.00
15,600.00
3,000.00
4,000.00
1,200.00
4,400.00
4,000.00
1,000.00
-
3,500.00
36,700.00 71,700.00 565,700.00 530,700.00
35,000.00 35,000.00
71,700.00 71,700.00 565,700.00 565,700.00

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