The adjusted trial balance amount should be $22,556. The income statement balance should be $1,354. The balance sheet balance should be $17,430.
JACKSON TUTORING SERVICES, INC. WORKSHEET 1/31/2018 | ||||||||||
Unadjusted | Adjusted | |||||||||
Trial Balance | Adjusting Entries | Trial Balance | Income Statement | Balance Sheet | ||||||
Account Title | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit |
Cash | 6,275 | 6,275 | 6,275 | |||||||
Supplies | 450 | 250 | 200 | |||||||
Accounts Rec. | 200 | 330 | 530 | 200 | ||||||
Prepaid Advertising | 375 | 375 | ||||||||
Equipment | 10,050 | 10,050 | ||||||||
Accum. Depr. | 2,480 | 2,480 | ||||||||
Notes Payable | ||||||||||
Interest Payable | 5,000 | 42 | 5,042 | |||||||
Unearned Revenue | 5,125 | 1,000 | 4,125 | |||||||
Accounts Payable | 1,350 | 1,350 | 1,350 | |||||||
Utilities Payable | 150 | 150 | ||||||||
Inc. Taxes Payable | ||||||||||
Sal. & Wages Pay. | 2,060 | 2,060 | ||||||||
Common Stock | 4,000 | 4,000 | 4,000 | |||||||
Dividends | 1,000 | 1,000 | ||||||||
Retained Earnings | ||||||||||
Service Revenue | 4,125 | 1,330 | 5,455 | 5,455 | ||||||
Sal. & Wages Exp. | 2,060 | 2,060 | 2,060 | |||||||
Depr. Exp. | 2,480 | 2,480 | 2,480 | |||||||
Insurance Expense | 225 | 225 | 225 | |||||||
Utilities Expense | 150 | 150 | 150 | |||||||
Income Tax Exp. | ||||||||||
Interest Exp. | 42 | 42 | 42 | |||||||
Suppies Expense | 250 | 250 | 250 | |||||||
Rent Expense | 900 | 900 | 900 | |||||||
Advertising Exp. | 125 | 125 | 125 | |||||||
19,600 | 19,600 | 6,312 | 6,312 | 24,662 | 24,662 | 6,232 |