Cash Petty Cash Account Title Accounts receivable Supplies Insurance Accounts payable Ray Brown, Capital Ray Brown, Drawings Income Summary Sales Advertising expense Insurance expense Miscellaneous expense Supplies expense Utilities expense Net Income $ $ S $ S S $ S $ Trial Balance Debit 21,980.00 300.00 6,250.00 12,100.00 3,600.00 7,000.00 2,530.00 780.00 5,560.00 $ $ $ Credit 1,100.00 10,000.00 49,000.00 Browns plumbing and heating For the fiscal period Ending December 31st, 20xx $ $ Debit Adjustments 2,700.00 6,500.00 Credit $ $ 6,500.00 2,700.00 S S S S S S Income Statement Debit 2,530.00 2,700.00 780.00 6,500.00 5,560.00 30 930 00 $ Credit 49,000.00 S $ $ S $ $ Balance Sheet Debit 21,980.00 300.00 6,250.00 5,600.00 900.00 7,000.00 Credit $ 1,100.00 $ 10,000.00 S 30 930 00
Cash Petty Cash Account Title Accounts receivable Supplies Insurance Accounts payable Ray Brown, Capital Ray Brown, Drawings Income Summary Sales Advertising expense Insurance expense Miscellaneous expense Supplies expense Utilities expense Net Income $ $ S $ S S $ S $ Trial Balance Debit 21,980.00 300.00 6,250.00 12,100.00 3,600.00 7,000.00 2,530.00 780.00 5,560.00 $ $ $ Credit 1,100.00 10,000.00 49,000.00 Browns plumbing and heating For the fiscal period Ending December 31st, 20xx $ $ Debit Adjustments 2,700.00 6,500.00 Credit $ $ 6,500.00 2,700.00 S S S S S S Income Statement Debit 2,530.00 2,700.00 780.00 6,500.00 5,560.00 30 930 00 $ Credit 49,000.00 S $ $ S $ $ Balance Sheet Debit 21,980.00 300.00 6,250.00 5,600.00 900.00 7,000.00 Credit $ 1,100.00 $ 10,000.00 S 30 930 00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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