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Trial Balance and Income Statement Format

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Donalyn Espedido
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15 views2 pages

Trial Balance and Income Statement Format

Uploaded by

Donalyn Espedido
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

Trial balance Adjustment Adjusted Trial Balance Income Statement

Account Titles Debit Credit Debit Credit Debit Credit Debit


Cash 45000 45000
Notes Receivable 360000 360000
Account Receivable 156000 156000
Office Supplies 63000 42000 21000
Land 300000 300000
Building 1590000 1590000
Accum. Depreciation-building 254000 38000 292000
Equipment 2150000 2150000
Accum. Depreciation-equipment 612000 123000 735000
Accounts Payable 213000 213000
Unearned Consulting Revenues 450000 150000 600000
Santiago, Capital 2655000 2655000
Santiago Drawing 600000 600000
Consulting revenues 2108000 150000 1958000
Salaries Expense 875000 14000 889000 889000
Repair Expense 116000 116000 116000
Miscellaneous Expense 37000 37000 37000
Totals 6292000 6292000
Supplies Expense 42000 42000 42000
Depreciation- building 38000 38000 38000
Depreciation- equipment 123000 123000 123000
Salaries Payable 14000 14000
Interest Receivable 32000 32000
Interest Income 32000 32000
Totals 399000 399000 6499000 6499000 1245000
Profit of the Period Ended 745000
Totals 1990000
Income Statement Statement of F\P
Credit Debit Credit
45000
360000
156000
21000
300000
1590000
292000
2150000
735000
213000
600000
2655000
600000
1958000

14000
32000
32000
1990000 5254000 4509000
745000
1990000 5254000 5254000

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