Paul services - Trial Balance
| 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 |
Paul services - Trial Balance, Cost Accounting Homework Help, cost accounting assignment help, cost accounting sample problems with answers
