SUA
SUA
SUA
TRANSACTIONS LIST A
(Accounts with no activity in this worksheet are excluded in this solution.)
12/31/2012
ACCT
ACCOUNT
POST CLOSING
NO.
TITLE
TRIAL BALANCE
DEBIT
CREDIT
10100
10200
10300
10400
10600
10800
10900
ASSETS
Cash
Accounts receivable
Allowance for doubtful accounts
Inventory
Marketable securities
Fixed assets
Accumulated depreciation
20100
20300
20400
20500
20600
20700
20900
21000
LIABILITIES
Accounts payable
Federal income taxes withheld
State unemployment taxes payable
Federal unemployment taxes payable
F.I.C.A. taxes payable
Federal incomes taxes payable
Interest payable
Notes payable
26000
29000
STOCKHOLDERS' EQUITY
Common stock
Retained earnings
30100
30200
30300
30400
30500
30600
30700
30800
31200
40100
40200
40300
40400
40500
40600
40700
40800
40900
41000
EXPENSES
Rent expense
Advertising expense
Office supplies expense
Depreciation expense
Wages and salaries expense
Payroll tax expense
Federal income tax expense
Interest expense
Bad debt expense
Other operating expense
Sub-totals
Net Income (Loss)
TOTALS
11,025.19
11,065.00
3,250.81
101,681.00
320,665.00
Student Name________________________________________________
Instructor_______________________Date Due_________________
12/31/2013
UNADJUSTED
TRIAL BALANCE
DEBIT
CREDIT
108,942.49
45,522.00
1,149.19
101,681.00
24,000.00
332,590.00
ID #
DEBIT
ID #
CREDIT
DEBIT
CREDIT
81,559.50
11,279.35
1,326.76
281.17
83.31
1,593.30
29,797.00
8,767.15
1,706.65
87.93
26.05
2,236.66
3,780.14
96,615.00
DEBIT
35,109.50
CREDIT
108,942.49
45,522.00
2,630.95
198,296.00
24,000.00
332,590.00
116,669.00
116,669.00
80,000.00
8,767.15
1,706.65
87.93
26.05
2,236.66
52,185.00
197.26
80,000.00
8,767.15
1,706.65
87.93
26.05
2,236.66
52,185.00
197.26
80,000.00
225,000.00
90,264.99
225,000.00
90,264.99
225,000.00
90,264.99
e
b
52,185.00
197.26
1,588,571.00
1,024,887.29
d
d
19,445.00
16,650.40
1,132,955.00
19,445.00
16,650.40
24,642.69
1,132,955.00
61,111.00
15,405.82
1,024,887.29
0.00
24,642.69
0.00
1,588,571.00
61,111.00
15,405.82
1,024,887.29
0.00
0.00
0.00
825.00
0.00
0.00
0.00
825.00
57,600.00
21,905.00
5,621.45
a
35,109.50
e
b
c
52,185.00
197.26
3,780.14
57,600.00
21,905.00
5,621.45
35,109.50
141,198.14
11,528.80
52,185.00
197.26
3,780.14
29,287.75
141,198.14
11,528.80
29,287.75
----------------2,115,140.33
CREDIT
2,630.95
1,588,571.00
----------------444,436.19
DEBIT
BALANCE
SHEET
198,296.00
24,000.00
332,590.00
61,111.00
15,405.82
----------------444,436.19
INCOME
STATEMENT
108,942.49
45,522.00
c
81,559.50
225,000.00
90,264.99
ADJUSTED
TRIAL BALANCE
YEAR-END ADJUSTMENTS
-----------------------2,115,140.33
-----------------------1,248,869.59
----------------1,248,869.59
----------------2,169,167.64
825.00
57,600.00
21,905.00
5,621.45
35,109.50
141,198.14
11,528.80
52,185.00
197.26
3,780.14
29,287.75
----------------2,169,167.64
1,459,817.15
129,578.85
1,589,396.00
1,589,396.00
709,350.49
1,589,396.00
709,350.49
579,771.64
129,578.85
709,350.49
CURRENT ASSETS
Cash
Accounts receivable - net
Inventory
Marketable securities
Total current assets
FIXED ASSETS - Net of
accumulated depreciation
Total assets
2013
2012
$108,942.49
42,891.05
198,296.00
24,000.00
374,129.54
$11,025.19
7,814.19
101,681.00
0.00
120,520.38
215,921.00
239,105.50
$590,050.54
$359,625.88
$8,767.15
$11,279.35
4,057.29
52,185.00
197.26
65,206.70
3,284.54
29,797.00
0.00
44,360.89
NOTE PAYABLE
Total liabilities
80,000.00
145,206.70
0.00
44,360.89
STOCKHOLDERS' EQUITY
Common stock
Retained earnings
Total stockholders' equity
225,000.00
219,843.84
444,843.84
225,000.00
90,264.99
315,264.99
$590,050.54
$359,625.88
$1,588,571.00
61,111.00
15,405.82
1,512,054.18
101,681.00
1,096,859.60
24,642.69
1,223,183.29
198,296.00
1,024,887.29
GROSS MARGIN
OPERATING EXPENSES
Rent expense
Advertising expense
Office supplies expense
Depreciation expense
Wages and salaries
Payroll taxes
Bad debt expense
Other operating expense
Total operating expenses
Operating income
487,166.89
57,600.00
21,905.00
5,621.45
35,109.50
141,198.14
11,528.80
3,780.14
29,287.75
306,030.78
181,136.11
825.00
197.26
181,763.85
52,185.00
NET INCOME
RETAINED EARNINGS - Beginning of year
RETAINED EARNINGS - End of year
129,578.85
90,264.99
$219,843.84
$129,578.85
35,109.50
(35,076.86)
(96,615.00)
(2,512.20)
772.75
22,388.00
197.26
53,842.30
(11,925.00)
(24,000.00)
(35,925.00)
80,000.00
97,917.30
11,025.19
$108,942.49
ACCT. NO.
ACCOUNT TITLE
DEBIT
CREDIT
ASSETS
10100
10200
10300
10400
10600
10800
10900
Cash
Accounts receivable
Allowance for doubtful accounts
Inventory
Marketable securities
Fixed assets
Accumulated depreciation
108,942.49
45,522.00
2,630.95
198,296.00
24,000.00
332,590.00
116,669.00
LIABILITIES
20100
20300
20400
20500
20600
20700
20900
21000
Accounts payable
Federal income taxes withheld
State unemployment taxes payable
Federal unemployment taxes payable
F.I.C.A. taxes payable
Federal income taxes payable
Interest payable
Notes payable
8,767.15
1,706.65
87.93
26.05
2,236.66
52,185.00
197.26
80,000.00
STOCKHOLDERS' EQUITY
26000
29000
Common stock
Retained earnings
TOTALS
225,000.00
219,843.84
$709,350.49
$709,350.49