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 | ||||