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adjusted trial balance DEBIT Trial balance adjustment INCOME STATEMENT BALANCE SHEET ACCT ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT CREDIT DEBIT CREDIT DEBIT CREDIT NO. Cash on Hand Loan Receivable Office equipment Office supplies-prepaid Savings deposit Loan payable Accounts payable EC/SSS/Payable Withholding tax payable Share capital Interest income B101 102 103 104 201 202 97,430 91,340 24,000 700 97 430 91,340 24,000. 700 101,500. 100,000. 101,500 100,000. 203 204 205 900 1,100. 3,500. 16.810 2,010 900. 1,100. 3.500 16,810 2,010 301 401 402 501 502 Service fee Salaries and wages Office supplies expense Meetings and conferences Travel and transportation Power, light and water Membership fee 11,000 50 300 500. 11,000. 50 300 500 900 503 504 505 900 403 400 400

adjusted trial balance DEBIT Trial balance adjustment INCOME STATEMENT BALANCE SHEET ACCT ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT CREDIT DEBIT CREDIT DEBIT CREDIT NO. Cash on Hand Loan Receivable Office equipment Office supplies-prepaid Savings deposit Loan payable Accounts payable EC/SSS/Payable Withholding tax payable Share capital Interest income B101 102 103 104 201 202 97,430 91,340 24,000 700 97 430 91,340 24,000. 700 101,500. 100,000. 101,500 100,000. 203 204 205 900 1,100. 3,500. 16.810 2,010 900. 1,100. 3.500 16,810 2,010 301 401 402 501 502 Service fee Salaries and wages Office supplies expense Meetings and conferences Travel and transportation Power, light and water Membership fee 11,000 50 300 500. 11,000. 50 300 500 900 503 504 505 900 403 400 400

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.18E
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WORKSHOP NO. 7 INCOME STATEMENT AND BALANCE SHEET adjusted trial balance Trial balance adjustment INCOME STATEMENT BALANCE SHEET DEBIT DEBIT CREDIT ACCT NO. ACCOUNT NAME CREDIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT 97,430 91,340 24,000 700. 101,500. 100,000. 97 430 91,340 24,000. 700. 101,500 100,000. B101 Cash on Hand Loan Receivable Office equipment Office supplies-prepaid Savings deposit Loan payable Accounts payable EC/SSS/Payable Withholding tax payable Share capital Interest income Service fee Salaries and wages Office supplies expense Meetings and conferences Travel and transportation Power, light and water Membership fee Total 102 103 104 201 202 203 204 900. 1,100. 3,500 16,810. 2,010 900. 205 301 401 1,100. 3,500. 16,810. 2,010. 402 501 11,000. 50. 300 11,000. 50. 300 500. 502 503 504 500, 900. 505 403 900. 400. 400. 226,220 226,220, Depreciation expense Accumulated Depreciation Total 400. 506 103,a 400. 400 400.00 226,620 226.620. 400. 400.00 NET SURPLUS
Transcribed Image Text:WORKSHOP NO. 7 INCOME STATEMENT AND BALANCE SHEET adjusted trial balance Trial balance adjustment INCOME STATEMENT BALANCE SHEET DEBIT DEBIT CREDIT ACCT NO. ACCOUNT NAME CREDIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT 97,430 91,340 24,000 700. 101,500. 100,000. 97 430 91,340 24,000. 700. 101,500 100,000. B101 Cash on Hand Loan Receivable Office equipment Office supplies-prepaid Savings deposit Loan payable Accounts payable EC/SSS/Payable Withholding tax payable Share capital Interest income Service fee Salaries and wages Office supplies expense Meetings and conferences Travel and transportation Power, light and water Membership fee Total 102 103 104 201 202 203 204 900. 1,100. 3,500 16,810. 2,010 900. 205 301 401 1,100. 3,500. 16,810. 2,010. 402 501 11,000. 50. 300 11,000. 50. 300 500. 502 503 504 500, 900. 505 403 900. 400. 400. 226,220 226,220, Depreciation expense Accumulated Depreciation Total 400. 506 103,a 400. 400 400.00 226,620 226.620. 400. 400.00 NET SURPLUS
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