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| Paul Services | |||
| Trial Balance As At 30 June 2016 | |||
| Account No | Account Name | Debit | Credit |
| 101 | Cash at Bank | ||
| 105 | Accounts Receivable | ||
| 115 | Supplies | ||
| 120 | Prepaid Insurance | ||
| 135 | Office Furniture | ||
| 137 | Acc. Depreciation - Furniture | ||
| 140 | Office Equipment | ||
| 141 | Acc. Depreciation - Equipment | ||
| 145 | Store Equpment | ||
| 146 | Acc. Depreciation - Equipment | ||
| 170 | Automobile | ||
| 171 | Acc. Depreciation - Equipment | ||
| 201 | Accounts Payable | ||
| 201 | Interest Payable | ||
| 201 | Unearned Revenue | ||
| 201 | Loan Payable | ||
| 201 | Mortgage Payable | ||
| 201 | Paul's Capital | ||
| 201 | Paul's Drawings | ||
| 201 | Revenue | ||
| 201 | Advertising Expense | ||
| 201 | Automobile Expense | ||
| 201 | Depreciation Expense - Furniture | ||
| 201 | Depreciation Expense -Equipment | ||
| 201 | Depreciation Expense - Store Equipment | ||
| 201 | Depreciation Expense - Automobile | ||
| 201 | Insurance Expense | ||
| 201 | Maintenance Expense | ||
| 201 | Miscellaneous Expense | ||
| 201 | Rent Expense | ||
| 201 | Supplies Expense | ||
| 201 | Utilities Expense | ||
| 201 | Interest Expense | ||
| 0 | 0 | ||
| Reconciliation0 Has to be | |||
| B/S | P&L |
| Current Asset | |
| Current Asset | |
| Current Asset | |
| Current Asset | |
| Fixed Asset | |
| Fixed Asset | |
| Fixed Asset | |
| Fixed Asset | |
| Fixed Asset | |
| Fixed Asset | |
| Fixed Asset | |
| Fixed Asset | |
| Current Liability | |
| Current Liability | |
| Current Liability | |
| Non Current Liability | |
| Non Current Liability | |
| Equity | |
| Equity | |
| Revenue | |
| Expense | |
| Expense | |
| Expense | |
| Expense | |
| Expense | |
| Expense | |
| Expense | |
| Expense | |
| Expense | |
| Expense | |
| Expense | |
| Expense | |
| Expense |
| Adjusting Transactions | |||||||
| Interest has accrued on the mortgage but not paid | |||||||
| DR | Interest Expense | ||||||
| CR | Interest Payable | ||||||
| Adjustment for the period, ending supplies remains on hand $417.50 | |||||||
| DR | Supplies Expense | 1252.5 | Purchase = Opening B | ||||
| CR | Supplies | 1252.5 | |||||
| Prepaid Insurance shows a total value remaining of $668 | |||||||
| DR | Insurance Expense | 668 | |||||
| CR | Prepaid Insurance | 668 | |||||
| Depreciation adjustment for the period SL (Straight Line) method | Life = 5 yea | ||||||
| Furniture Va | |||||||
| DR | Depreciation Expense - Furniture | 8000 | Less: Residu | ||||
| CR | Accu. Depreciation - Furniture | 8000 | Net Furnitur | ||||
| Adjustment for the period SL Method - Office Equipment | Life = 5 yea | ||||||
| Furniture Va | |||||||
| DR | Depreciation Expense - Office Equipment | Less: Residu | |||||
| CR | Accu. Depreciation - Office Equipment | Net Furnitur | |||||
| Adjustment for the period SL Method - Store Equipment | Life = 5 yea | ||||||
| Furniture Va | |||||||
| DR | Depreciation Expense - Store Equipment | Less: Residu | |||||
| CR | Accu. Depreciation - Store Equipment | Net Furnitur | |||||
| Adjustment for the period SL Method - Automobile | Life = 5 yea | ||||||
| Furniture Va | |||||||
| DR | Depreciation Expense - Automobile | Less: Residu | |||||
| CR | Accu. Depreciation - Automobile | Net Furnitur | |||||
| 41800 |
| -1800 |
| 8000 |
| 41800 |
| -1800 |
| 8000 |
| 41800 |
| -1800 |
| 8000 |
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