acc_250_week_8_checkpoint_creating...

Jun 21st, 2015
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acc_250_week_8_checkpoint_creating...

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Adjusted Trial BalanceAccountNo.101112126130151152200201212230311320332400610631711722726905Account TitlesCashAccounts ReceivableSuppliesPrepaid InsuranceOffice EquipmentAccumulated Depreciation - Office EquipmentNotes PayableAccounts PayableSalaries PayableInterest PayableCommon StockRetained EarningsDividendsService RevenueAdvertising ExpenseSupplies ExpenseDepreciation ExpenseInsurance ExpenseSalaries ExpenseInterest ExpenseTotalsNet IncomeDr.18,80016,2002,3004,40044,000Cr.Income StatementDr.20,00020,0008,0002,6001,00030,0006,00012,00077,80012,0003,7008,0004,00039,0001,000165,400165,40012,0003,7008,0004,00039,0001,00067,70010,10077,800Income StatementCr.Balance SheetDr.18,80016,2002,3004,40044,000Cr.20,00020,0008,0002,6001,00030,0006,00012,00077,80077,80097,70077,80097,70087,60010,10097,700Porter CompanyIncome StatementFor the year ended December 31, 2008RevenuesService RevenuesExpensesAdvertising ExpenseSupplies ExpenseDepreciation ExpenseInsurance ExpenseSalaries ExpenseInterest Expense77,80012,0003,7008,0004,00039,0001,00067,70010,100Net IncomePorter CompanyRetained Earnings StatementFor the year ended December 31, 2008Retained Earnings, January 1, 2008Add: Net Income6,00010,10016,100Less DividendsRetained Earnings, December 3112,0004,100Porter CompanyClassified Balance SheetFor the year ended December

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