Professional Documents
Culture Documents
Trial Balance
Dr.
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Notes Payable
Accounts Payable
Share CapitalOrdinary
Dividends
Service Revenue
Salaries Expense
Travel Expense
Rent Expense
Miscellaneous Expense
Totals
Supplies Expense
Depreciation Expense
Accumulated Depreciation
Interest Expense
Interest Payable
Insurance Expense
Totals
Net Income
Totals
Cr.
11,400
5,620
1,050
2,400
30,000
Adjusted
Trial Balance
Adjustments
Dr.
(e)
Cr.
530
(a)
(d)
670
600
Dr.
Dr.
Cr.
11,400
6,150
380
1,800
30,000
10,000
12,350
20,000
Statement of
Financial Position
Dr.
10,000
12,350
20,000
600
13,620
(e)
530
Cr.
11,400
6,150
380
1,800
30,000
10,000
12,350
20,000
600
2,200
1,300
1,200
200
55,970
Cr.
Income
Statement
600
14,150
14,150
2,200
1,300
1,200
200
2,200
1,300
1,200
200
670
1,000
670
1,000
55,970
(a)
670
(b) 1,000
(b) 1,000
(c)
300
(d)
600
3,100
1,000
300
(c)
300
3,100
1,000
300
300
600
57,800
57,800
300
600
7,470 14,150
6,680
14,150 14,150
50,330
50,330
43,650
6,680
50,330
Key: (a) Supplies Used; (b) Depreciation Expensed; (c) Accrued Interest on note; (d) Insurance Expired; (e) Service Revenue
Earned but unbilled.
(b)
14,150
2,200
1,300
1,200
1,000
670
600
300
200
7,470
6,680
0
6,680
6,680
600
6,080
30,000
1,000
1,800
380
6,150
11,400
29,000
19,730
48,730
20,000
6,080
10,000
12,350
300
26,080
22,650
48,730
(c) Mar. 31
31
31
31
Mar. 31
(d) Mar. 31
31
31
31
670
1,000
300
600
670
1,000
300
600
530
14,150
7,470
6,680
600
530
14,150
1,300
2,200
1,200
600
1,000
670
300
200
6,680
600
e.
THOMAS MAGNUM, P.I., INC.
Post-Closing Trial Balance
March 31, 2011
Cash
11,400
Accounts Receivable
6,150
Supplies
380
Prepaid Insurance
1,800
Equipment
Accumulated
Depreciation
30,000
Notes Payable
Interest Payable
1,000
10,000
300
Accounts Payable
12,350
Share CapitalOrdinary
20,000
Retained Earnings
6,080
49,730 49,730