For The Month Ended September 30, 2017 Trial Balance Adjusted Trial Balance Cred

Question

For The Month Ended September 30, 2017 Trial Balance Adjusted Trial Balance Credit 38,640 19,840 31,900 85,480 125,480 38,640 3,961 4,134 85,480 125,480 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Mortgage Payable Common Stock Retained Earnings, Sept. 1, 2017 Dividends Service Revenue Salaries and Wages Expense 37,440 15,840 2,890 52,480 113,180 2,000 38,210 15,840 634 52,480 113,180 2,000 14,000 14,000 283,980 286,236 Advertising Expense Utilities Expenses Property Tax Expense Interest Expense 108,810 Maintenance and Repairs Expense31,740 9,400 18,140 18,190 6,190 108,810 31,740 9,400 18,140 21,530 12,470 Totals Insurance Expense Supplies Expense Interest Payable Depreciation Expense Property Tax Payable 507,810 507,810 27,766 15,879 6,280 770 3,340 518,200 518,200 Totals

Explanation / Answer

Unadjusted trial balance Adjusting entries Adjusted trial balance Income statement Balance sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 38640 38640 38640 Supplies 19840 15879 3961 3961 Prepaid insurance 31900 27766 4134 4134 Land 85480 85480 85480 Equipment 125480 125480 125480 Accumulated depreciation equipment 37440 770 38210 38210 Accounts payable 15840 15840 15840 Unearned service revenue 2890 2890 2890 Mortgage payable 52480 52480 52480 Common stock 113180 113180 113180 Retained earnings sept 1 2017 2000 2000 2000 Dividends 14000 14000 14000 Service revenue 283980 283980 283980 Salaries and wages expense 108810 108810 108810 maintenance and repair expense 31740 31740 31740 Advertising expense 9400 9400 9400 utilities expense 18140 18140 18140 property tax expense 18190 3340 21530 21530 interest expense 6190 6280 12470 12470 insurance expense 27766 27766 27766 supplies expense 15879 15879 15879 interest payable 6280 6280 6280 Depreciation expense 770 770 770 property tax payable 3340 3340 3340 Totals 507810 507810 54035 54035 518200 518200 246505 283980 271695 234220 Net income 37475 37475 Totals 283980 283980 271695 271695

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