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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