Question

PART II — WORKSHEET COMPLETION Instructions: Complete the partial worksheet presented below, inserting additional labels as needed

AUBREY SERVICES AGENCY

Partial Worksheet

For the Month Ended April 30, 2012

Account Titles

Adjusted Trial Balance

Income Statement

Balance Sheet

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Cash

6,500.00

Accounts Receivable

2,000.00

Supplies

3,075.00

Prepaid Insurance

2,000.00

Prepaid Rent

500.00

Equipment

35,000.00

Accum. Depreciation

4,000.00

Notes Payable

14,000.00

Account Payable

12,000.00

Unearned Service Revenue

2,000.00

Salaries and Wages Payable

1,300.00

Interest Payable

50.00

Owner's Capital

9,825.00

Owner's Drawings

2,000.00

Service Revenue

20,300.00

Interest Expenses

400.00

Salaries and Wages Expenses

7,000.00

Supplies Expenses

1,500.00

Rent Expenses

2,000.00

Insurance Expenses

1,500.00

Totals

63,475.00

63,475.00

Answer 1

Account titles			Adjusted trial balance		income statement		Balance sheet
			DR	CR	DR	CR	DR	CR
Cash			6,500				6,500
Accounts receivable			2,000				2,000
supplies			3,075				3,075
prepaid insurance			2,000				2,000
prepaid rent			500				500
equipment			35,000				35,000
accumulated dep				4,000				4,000
Notes payable				14,000				14,000
Accounts payable				12,000				12,000
unearned service revenue				2,000				2,000
Salaries and wages payable				1,300				1,300
interest payable				50				50
owners capital				9,825				9,825
owners drawings			2,000				2,000
Service revenue				20,300		20,300
interest expenses			400		400
Salaries and wages expense			7,000		7,000
supplies expense			1,500		1,500
rent expenses			2,000		2,000
insurance expenses			1,500		1,500
totals			63,475	63475	12400	20,300	51,075	43175
net income					7900			7,900
totals					20300	20,300	51,075	51075