Question

The adjusted trial balance columns of the worksheet for Martinez Company are as follows.

Martinez Company Worksheet For the Year Ended December 31, 2019
				Adjusted Trial Balance
Account No.		Account Titles		Dr.		Cr.
101		Cash		5,300
112		Accounts Receivable		10,700
126		Supplies		1,600
130		Prepaid Insurance		1,900
157		Equipment		27,500
158		Accumulated Depreciation—Equipment				5,100
200		Notes Payable				14,000
201		Accounts Payable				6,100
212		Salaries and Wages Payable				2,100
230		Interest Payable				700
311		Common Stock				9,900
320		Retained Earnings				3,400
332		Dividends		6,800
400		Service Revenue				63,200
610		Advertising Expense		8,900
631		Supplies Expense		4,000
711		Depreciation Expense		5,100
722		Insurance Expense		3,600
726		Salaries and Wages Expense		28,400
905		Interest Expense		700
		Totals		104,500		104,500

Complete the worksheet by extending the balances to the financial statement columns.

Answer 1

		Adjusted Trial Balance		Income Statement		Balance Sheet
Account No.	Account Titles	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
101	Cash	$5,300				$5,300
112	Accounts Receivable	$10,700				$10,700
126	Supplies	$1,600				$1,600
130	Prepaid Insurance	$1,900				$1,900
157	Equipment	$27,500				$27,500
158	Accumulated Depreciation—Equipment		$5,100				$5,100
200	Notes Payable		$14,000				$14,000
201	Accounts Payable		$6,100				$6,100
212	Salaries and Wages Payable		$2,100				$2,100
230	Interest Payable		$700				$700
311	Common Stock		$9,900				$9,900
320	Retained Earnings		$3,400				$3,400
332	Dividends	$6,800				$6,800
400	Service Revenue		$63,200		$63,200
610	Advertising Expense	$8,900		$8,900
631	Supplies Expense	$4,000		$4,000
711	Depreciation Expense	$5,100		$5,100
722	Insurance Expense	$3,600		$3,600
726	Salaries and Wages Expense	$28,400		$28,400
905	Interest Expense	$700		$700
	Totals	$104,500	$104,500	$50,700	$63,200	$53,800	$41,300
	Net Income			$12,500			$12,500
	TOTAL			$63,200	$63,200	$53,800	$53,800