Question

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

ALSHWER COMPANY Worksheet For the Year Ended December 31, 2017
				Adjusted Trial Balance
Account No.		Account Titles		Dr.		Cr.
101		Cash		5,400
112		Accounts Receivable		11,000
126		Supplies		1,400
130		Prepaid Insurance		1,800
157		Equipment		26,500
158		Accumulated Depreciation—Equipment				5,500
200		Notes Payable				13,200
201		Accounts Payable				6,200
212		Salaries and Wages Payable				2,100
230		Interest Payable				700
311		Common Stock				10,400
320		Retained Earnings				4,900
332		Dividends		6,400
400		Service Revenue				59,000
610		Advertising Expense		8,200
631		Supplies Expense		3,900
711		Depreciation Expense		5,500
722		Insurance Expense		3,700
726		Salaries and Wages Expense		27,500
905		Interest Expense		700
		Totals		102,000		102,000

A: Complete a worksheet by extending the balances to the financial statement columns

Answer 1

Account titles
		Adjusted trial bal		income statement		Balance sheet
		Debit	Credit	Debit	Credit	Debit	Credit
Cash		5,400				5,400
Accounts receivable		11,000				11,000
Supplies		1,400				1,400
prepaid insurance		1,800				1,800
Equipment		26,500				26,500
Accu dep-Equip			5,500				5,500
Notes payable			13,200				13,200
Accounts payable			6,200				6,200
Salaries & wages pay			2,100				2,100
interest payable			700				700
common stock			10,400				10,400
Retained earnings			4,900				4,900
dividends		6,400				6,400
Service revenue			59,000		59,000
Advertising expense		8,200		8,200
supplies expense		3,900		3,900
Deprec expense		5,500		5,500
insurance expense		3,700		3,700
Salr & wages exp		27,500		27,500
interest expense		700		700
totals		102,000	102000	49500	59,000	52,500	43000
net income				9,500			9,500
totals				59000	59,000	52,500	52500