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Chapter 8-Problem 6

The document is a trial balance worksheet for John Bala Maps for the year ended December 31, 2019. It shows account balances from the trial balance and various adjustments, resulting in an adjusted trial balance. It then takes the adjusted trial balance amounts and reclassifies them between income statement and balance sheet accounts to prepare the basic financial statements.

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974 views6 pages

Chapter 8-Problem 6

The document is a trial balance worksheet for John Bala Maps for the year ended December 31, 2019. It shows account balances from the trial balance and various adjustments, resulting in an adjusted trial balance. It then takes the adjusted trial balance amounts and reclassifies them between income statement and balance sheet accounts to prepare the basic financial statements.

Uploaded by

kakao
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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John Bala Maps

Worksheet
For the Year Ended December 31, 2019

Trial balance Adjustments Adj Trial Balance


Debit Credit Debit Credit Debit Credit
cash 31000 31000
accounts receivable 83000 83000
merchandise inventory 627000 627000
prepaid insurance 54000 18000 36000
office supplies 68000 53000 15000
office equipment 370000 370000
Accumulated depreciation 50000 25000 75000
accounts payable 58000 58000
salaries payable 9000 9000
Bela, Capital 517,000 517,000
Bela, Withdrawals 87000 87000
Sales 2675000 2675000
Sales returns and allowances 26000 26000
Sales Discounts 23000 23000
Purchases 1512000 1512000
Purchases Returns and allowances 14000 14000
Purchases Discounts 19,000 19,000
Transportation in 38000 38000
salaries expense 327,000 9,000 336,000
Advertising expense 61,000 61,000
Rent expense 26,000 26,000
insurance expense 18,000 18,000
deppreciation expense 25,000 25,000
office supplies expense 53,000 53,000
total 3333000 3333000 105000 105000 3367000 3367000
profit
et
ember 31, 2019

Income Statement Balance Sheet


Debit Credit Debit Credit
31000
83000
627000 532000 532000
36000
15000
370000
75000
58000
9000
517,000
87000
2675000
26000
23000
1512000
14000
19,000
38000
336,000
61,000
26,000
18,000
25,000
53,000
2745000 3240000 1154000 659000
495000 495000
3240000 3240000 1154000 1154000

a.

b.

c.

d.

e.

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