Question

Worksheet complete through the Trial Balance.

March Journal Entries
1-Mar	Accounts Receivable	3450
	Sales Revenue		3,450
	Cost of Goods Sold	1450
	Inventory		1,450
3-Mar	Inventory	2800
	Accounts Payable		2,800
15-Mar	Accounts Receivable	3750
	Sales Revenue		3,750
	Cost of Goods Sold	1950
	Inventory		1,950
20-Mar	Inventory	2000
	Accounts Payable		2,000
24-Mar	Accounts Receivable	4900
	Sales Revenue		4,900
	Cost of Goods Sold	2600
	Inventory		2,600

                                                                                      

#NAME?
PARTIALLY ADJUSTED TRIAL BALANCE
March 31 2018
		Part Adj T/B		March Jes		Trial	Balance
		DR	CR	DR	CR	DR	CR
Cash		$253,560
Accounts Receivable		146,800		12,100
Allowance for Uncollectible Accounts			$2,569
Supplies		85,650
Inventory		2,600			3,000
Prepaid Insurance		16,800
Land		50,000
Building		125,500
Accumulated Depr – Building			5,670
Computer equipment		52,950
Accumulated Depr – Comp Equip			1,750
Office Furniture		85,960
Accumulated Depr - Office Furniture			890
Accounts Payable			48,526
Interest Payable			3,200
Utilities Payable			8,952
Wages Payable			98,505
Long term Note Payable			90,000
Mortgage Payable			60,000
Common Stock			400,000
Retained Earnings			106,468
Dividends		4,000
Service Revenue			345,650
Tablet Sales Revenue			210,250
Cost of Goods Sold		165,850		6,000
Bad Debt Expense
Depreciation Expense – Building		1,350
Depreciation Expense - Computer Equip		890
Depreciation Expense - Office Furn		650
Interest Expense		3560
Insurance Expense		38,950
Supplies expense		72,860
Bank fee (expense)
Utilities Expense		75,900
Wage Expense		198,600

Answer 1

• The incomplete Trial balance has been completed in entirely:

PARTIALLY ADJUSTED TRIAL BALANCE
March 31 2018
	Part Adj T/B		March Jes		Final Adjusted Trial balance
	DR	CR	DR	CR	DR	CR
Cash	$    2,53,560.00				$      2,53,560.00
Accounts Receivable	$    1,46,800.00		$     12,100.00		$      1,58,900.00
Allowance for Uncollectible Accounts		$                  2,569.00				$            2,569.00
Supplies	$        85,650.00				$         85,650.00
Inventory	$          2,600.00		$       4,800.00	$           6,000.00	$            1,400.00
Prepaid Insurance	$        16,800.00				$          16,800.00
Land	$        50,000.00				$          50,000.00
Building	$    1,25,500.00				$      1,25,500.00
Accumulated Depr – Building		$                  5,670.00				$            5,670.00
Computer equipment	$        52,950.00				$          52,950.00
Accumulated Depr – Comp Equip		$                  1,750.00				$            1,750.00
Office Furniture	$        85,960.00				$          85,960.00
Accumulated Depr - Office Furniture		$                      890.00				$               890.00
Accounts Payable		$                48,526.00		$           4,800.00		$         53,326.00
Interest Payable		$                  3,200.00				$            3,200.00
Utilities Payable		$                  8,952.00				$            8,952.00
Wages Payable		$                98,505.00				$         98,505.00
Long term Note Payable		$                90,000.00				$         90,000.00
Mortgage Payable		$                60,000.00				$         60,000.00
Common Stock		$            4,00,000.00				$      4,00,000.00
Retained Earnings		$            1,06,468.00				$      1,06,468.00
Dividends	$          4,000.00				$            4,000.00
Service Revenue		$            3,45,650.00				$      3,45,650.00
Tablet Sales Revenue		$            2,10,250.00		$         12,100.00		$      2,22,350.00
Cost of Goods Sold	$    1,65,850.00		$       6,000.00		$      1,71,850.00
Bad Debt Expense					$                         -
Depreciation Expense – Building	$          1,350.00				$            1,350.00
Depreciation Expense - Computer Equip	$              890.00				$                890.00
Depreciation Expense - Office Furn	$              650.00				$                650.00
Interest Expense	$          3,560.00				$            3,560.00
Insurance Expense	$        38,950.00				$          38,950.00
Supplies expense	$        72,860.00				$          72,860.00
Bank fee (expense)					$                         -
Utilities Expense	$        75,900.00				$          75,900.00
Wage Expense	$    1,98,600.00				$      1,98,600.00
TOTAL	$ 13,82,430.00	$          13,82,430.00	$     22,900.00	$         22,900.00	$    13,99,330.00	$   13,99,330.00