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    Worksheet Tabaranza

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    kianna doctora
    The document provides a trial balance, adjustments, and adjusted trial balance for Tabaranza. It then uses the adjusted trial balance to generate an income statement showing revenue of $92,000 and expenses of $69,300 for a profit of $22,700. A balance sheet is also generated showing total assets of $405,200, total current liabilities of $54,000, and owner's equity of $351,200.

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    Worksheet Tabaranza

    Uploaded by

    kianna doctora
    134 views6 pages
    The document provides a trial balance, adjustments, and adjusted trial balance for Tabaranza. It then uses the adjusted trial balance to generate an income statement showing revenue of $92,000 and expenses of $69,300 for a profit of $22,700. A balance sheet is also generated showing total assets of $405,200, total current liabilities of $54,000, and owner's equity of $351,200.

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    The document provides a trial balance, adjustments, and adjusted trial balance for Tabaranza. It then uses the adjusted trial balance to generate an income statement showing revenue of $92,000 and expenses of $69,300 for a profit of $22,700. A balance sheet is also generated showing total assets of $405,200, total current liabilities of $54,000, and owner's equity of $351,200.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    134 views6 pages

    Worksheet Tabaranza

    Uploaded by

    kianna doctora
    The document provides a trial balance, adjustments, and adjusted trial balance for Tabaranza. It then uses the adjusted trial balance to generate an income statement showing revenue of $92,000 and expenses of $69,300 for a profit of $22,700. A balance sheet is also generated showing total assets of $405,200, total current liabilities of $54,000, and owner's equity of $351,200.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    You are on page 1of 6

    ACCOUNT TITLES TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE

    Cash in Bank 175,000 7,000 10,000 172,000


    Accounts Receivable 80,000 80,000
    Estimated Uncollectible Accounts 500 300
    Supplies Inventory 25,000 15,000 10,000
    Office Equipment 160,000 160,000
    Accumulated Depreciation- Office Equipment 16,000
    Account Payable 50,000 10,000
    Accrued Salaries Expense 14,000
    Tabaranza, Capital 328,500
    Service Income 85,000 7,000
    Uncollectible Accounts 300 300
    Depreciation Expense 16,000 16,000
    Salaries Expense 24,000 14,000 38,000
    Supplies Used 15,000 15,000
    TOTAL 464,000 464,000 62,300 62,300 491,300
    PROFIT (LOSS)
    TOTAL
    TABARANZA
    WORKSHEET
    For the month ended December 31, 20A
    ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET
    172,000
    80,000
    800 800
    10,000
    160,000
    16,000 16,000
    40,000 40,000
    14,000 14,000
    328,500 328,500
    92,000 92,000
    300
    16,000
    38,000
    15,000
    491,300 69,300 422,000 399,300
    22,700 22,700
    92,000 92,000 422,000 422,000
    INCOME STATEMENT

    REVENUE
    Service Income 92,000
    Operating Expense
    Uncollectible Accounts 300
    Depreciation Expense 16,000
    Salaries Expense 38,000
    Supplies Used 15,000 69300
    Profit 22,700
    BALANCE SHEET
    ASSETS
    Current Assets
    Cash in Bank 17,000
    Accounts Receivable 80,000
    Less Estimated Uncollectible Accounts 800 79,200
    Supplies Inventory 10,000
    Total Current Assets 261,200
    Non-Current Assets
    Office Equipment 160,000
    Less: Accumulated Depreciation- Office Equipment 16,000 144,000
    Total Non-Current Assets 144,000
    Total Assets 405,200
    LIABILITIES OWNER'S EQUITY
    Current Liablities
    Accounts Payable 40,000 TBARANZA, CAPITAL
    Accrued Salaries Expense 14,000
    Total Current Liabilites 54,000
    TOTAL LIABILITIES and OWNER'S EQUITY
    OWNER'S EQUITY

    351,200

    OWNER'S EQUITY 405,200

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