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Hyzel Servicing Center Worksheet December 31, 2020 Account Titles

The document shows the trial balance, comprehensive income, and financial position worksheets for HYZEL Servicing Center as of December 31, 2020. It lists account titles and balances for assets, liabilities, equity, revenues and expenses.

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Ashlee Degumbis
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30 views4 pages

Hyzel Servicing Center Worksheet December 31, 2020 Account Titles

The document shows the trial balance, comprehensive income, and financial position worksheets for HYZEL Servicing Center as of December 31, 2020. It lists account titles and balances for assets, liabilities, equity, revenues and expenses.

Uploaded by

Ashlee Degumbis
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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The records of HYZEL Servicing Center showed the following information as of December 31, 2020:

Office supplies expense 5,000


Prepaid rent 60,000
Commission expense 70,000
Office equipment 85,000
Accounts payable 65,000
Travel expense 40,000 Account Titles
Accounts receivable 190,000 Cash
Hyzel, Capital 750,000 Account Receivable
Utilities expense 12,000 Prepaid rent
Hyzel, Drawing 40,000 Prepaid insurance
Servicing income 480,000 Office equipment
Prepaid insurance 65,000 Accounts payable
Salary expense 180,000 Hyzel Capital
Advertising expense 15,000 Hyzel, Drawing
Cash 533,000 Service income
Salary expense
Required: Utilities expense
Worksheet office supplies expense
Commission expense
Travel expense
Advertising expense
Total
Net Income
Totals
Totals
Net Income
Totals
Hyzel Servicing Center
Worksheet
December 31, 2020
Trial Balance Comprehensive Income Financial Position
Dr Cr Dr Cr Dr Cr
533,000 533,000
190,00 190,00
60,000 60,000
65,000 65,000
85,000 85,000
65,000 65,000
750,000 750,000
40,000 40,000
480,000 480,000
180,000 180,000
12,000 12,000
5,000 5,000
70,000 70,000
40,000 40,000
15,000 15,000
1,292,000 1,292,000 322,000 480,000 973,000 815,000
158,000 158,000
1,292,000 1,292,000 480,000 480,000 973,000 973,000
xxxxxxxxxxxxxx xxxxxxxxxxxxxx xxxxxxxxxxxxxx xxxxxxxxxxxxxx xxxxxxxxxxxxxx xxxxxxxxxxxxxx

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