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Unadjusted Trial Balance Overview

The document shows an unadjusted trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for Marlon Robinson. The unadjusted trial balance lists account balances before adjustments. Adjustments are then made for accounts receivable, various expenses, and other accounts. The adjusted trial balance, income statement, and balance sheet reflect the updated account balances and financial performance and position after incorporating the adjustments.

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13 views2 pages

Unadjusted Trial Balance Overview

The document shows an unadjusted trial balance, adjustments, adjusted trial balance, income statement, and balance sheet for Marlon Robinson. The unadjusted trial balance lists account balances before adjustments. Adjustments are then made for accounts receivable, various expenses, and other accounts. The adjusted trial balance, income statement, and balance sheet reflect the updated account balances and financial performance and position after incorporating the adjustments.

Uploaded by

api-356170041
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Marlon

Robinson

Unadjusted Trial Balance Adjustments


Account Name Dr Cr Dr Cr
Cash $ 60,000.00
Accounts Receivable $ - $ 2,300.00
Teaching Supplies $ 70,000.00 $ 50,000.00
Prepaid Insurance $ 19,000.00 $ 9,500.00
Prepaid Rent $ 3,800.00 $ 3,800.00
Professional Library $ 12,000.00
Accumulated Depreciation
(Professional Library) $ 2,500.00 $ 2,400.00
Equipment $ 40,000.00
Accumulated Depreciation
(Equipment) $ 20,000.00 $ 5,000.00
Accounts Payable $ 11,200.00
Salaries Payable $ - $ 750.00
Unearned Training Fees $ 28,600.00 $ 28,600.00 $ 14,300.00
Common Stock $ 11,000.00
Retained Earnings $ 60,500.00
Dividends $ 20,000.00
Tuition Fees Earned $ 129,200.00 $ 2,300.00
Training Fees Earned $ 68,000.00 $ 14,300.00 $ 28,600.00
Depreciation Expense
(professional library) $ - $ 2,400.00
Depreciation Expense
(Equipment) $ - $ 5,000.00
Salaries Expense $ 44,200.00 $ 750.00
Insurance Expense $ - $ 9,500.00
Rent Expense $ 29,600.00 $ 3,800.00
Teaching Supplies Expense $ - $ 50,000.00
Advertising Expense $ 19,000.00
Utilities Expense $ 13,400.00
Totals $ 331,000.00 $ 331,000.00 $ 116,650.00 $ 116,650.00

Net Income
Totals
Adjusted Trial Balance Income Statement Balance Sheet
Dr Cr Dr Cr Dr Cr
$ 60,000.00 $ 60,000.00
$ 2,300.00 $ 2,300.00
$ 20,000.00 $ 20,000.00
$ 9,500.00 $ 9,500.00

$ 12,000.00 $ 12,000.00

$ 4,900.00 $ 4,900.00
$ 40,000.00 $ 40,000.00

$ 25,000.00 $ 25,000.00
$ 11,200.00 $ 11,200.00
$ 750.00 $ 750.00
$ 14,300.00 $ 14,300.00
$ 11,000.00 $ 11,000.00
$ 60,500.00 $ 60,500.00
$ 20,000.00 $ 20,000.00
$ 131,500.00 $ 131,500.00
$ 82,300.00 $ 82,300.00

$ 2,400.00 $ 2,400.00

$ 5,000.00 $ 5,000.00
$ 44,950.00 $ 44,950.00
$ 9,500.00 $ 9,500.00
$ 33,400.00 $ 33,400.00
$ 50,000.00 $ 50,000.00
$ 19,000.00 $ 19,000.00
$ 13,400.00 $ 13,400.00
$ 341,450.00 $ 341,450.00 $ 177,650.00 $ 213,800.00 $163,800.00 $ 127,650.00

$ 36,150.00 $ 36,150.00
$ 213,800.00 $ 213,800.00 $163,800.00 $ 163,800.00

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