Transactio *all values

n Analysis are in P

ASSETS
# Accounts Prepaid Furniture Office
Cash Supplies Prepaid Rent
Receivable Insurance and Fixtures Equipment

500,000.00
10,000.00
45,000.00
70,000.00
(24,000.00)
(10,000.00)
70,000.00 (70,000.00)
(90,000.00) 90,000.00
200,000.00
(150,000.00) 150,000.00
(72,000.00) 72,000.00
(24,000.00) 24,000.00
(25,000.00)
30,000.00
(6,000.00)
150,000.00
20,000.00
30,000.00

624,000.00 30,000.00 90,000.00 24,000.00 150,000.00 72,000.00

990,000.00
 LIABILITIES EQUITY
Unearned Salaries and
Accounts Notes Owner's Owner's Service
Service Wages
Payable Payable Capital Drawings Revenue
Revenue Payable
500,000.00
10,000.00
45,000.00
70,000.00
(24,000.00)
(10,000.00)

200,000.00

(25,000.00)
30,000.00

150,000.00
20,000.00
30,000.00

20,000.00 180,000.00 (24,000.00) 200,000.00 500,000.00 (25,000.00) 145,000.00

376,000.00 614,000.00
990,000.00
Y

Expenses

(6,000.00)

(6,000.00)
 Party Pizzazz
Unadjusted Trial Balance
Sunday, December 31, 2023

Accounts Debit Credit

Cash 624,000.00
Accounts Receivable
Supplies 30,000.00
Prepaid Rent 90,000.00
Prepaid Insurance 24,000.00
Furniture and Fixtures 150,000.00
Office Equipment 72,000.00
Accounts Payable 20,000.00
Unearned Service Revenue 180,000.00
Salaries and Wages Payable (24,000.00)
Notes Payable 200,000.00
Owner's Capital 500,000.00
Owner's Drawings 25,000.00
Service Revenue 145,000.00
Expenses 6,000.00
Totals: 1,021,000.00 1,021,000.00

Party Pizzazz
Unadjusted Trial Balance
Sunday, December 31, 2023
Unadjusted Trial Balance Adjustments
Accounts Dr Cr Dr Cr
Cash 624,000.00
Accounts Receivable
Supplies 30,000.00 2,000.00
Prepaid Rent 90,000.00
Prepaid Insurance 24,000.00
Furniture and Fixtures 150,000.00
Office Equipment 72,000.00
Accounts Payable 20,000.00
Unearned Service Revenue 180,000.00 30,000.00
Salaries and Wages Payable 24,000.00 12,000.00
Notes Payable 200,000.00
Owner's Capital 500,000.00
Owner's Drawings 25,000.00
Service Revenue 145,000.00 30,000.00
Salaries and Wages Expense 6,000.00 12,000.00
Totals: 1,045,000.00 1,045,000.00
Adjustments:
Prepaid Insurance 2,000.00
Accumulated Depriciation-Furnitures and Fixtures 1,680.80
Accumulated Depriciation-Office Equipment 844.39
Utilities Payable 12,000
Depriciation Expense 2,525.19
Supplies Expense 2,000.00
Insurance Expense 2,000
Utilities Expense 12,000
60,525.19 60,525.19
 Adjusted Trial Balance Income Statement Income Statement
Dr Cr Dr Cr Dr
624,000.00 624,000.00

28,000.00 28,000.00
90,000.00 90,000.00
24,000.00 24,000.00
150,000.00 150,000.00
72,000.00 72,000.00
20,000.00
150,000.00
12,000.00 12,000.00
200,000.00
500,000.00
25,000.00
175,000.00 175,000.00
18,000.00 18,000.00

2,000.00
1,680.80
844.39
12,000
2,525.19 2,525.19
2,000.00 2,000.00
2,000 2,000
 12,000 12,000
1,061,525.19 1,061,525.19 36,525.19 175,000.00 1,000,000.00
138,474.81
175,000.00 175,000.00 1,000,000.00
Income Statement
Cr

20,000.00
150,000.00

200,000.00
500,000.00

2,000.00
1,680.80
844.39
12,000
 886,525.19
113,474.81
1,000,000.00
Closing Entries
Date Accounts Dr Cr
Service Revenue 145,000.00
Salaries and Wages Expense 18,000.00
Depriciation Expense 2,525.19
Supplies Expense 2,000.00
Insurance Expense 2,000.00
Utilities Expense 12,000.00
Income Summary 108,474.81

Income Summary 108,474.81

Owner's Capital 108,474.81

Owner's Capital 25,000.00

Owner's Drawings 25,000.00