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Accounting Refresher

The document is a trial balance for Ver Jaro Dentist as of December 31, 2017. It lists various asset, liability, capital, expense and income accounts and their balances. There are also notes on adjustments needed, including recognizing expenses for office supplies used, depreciation on equipment and prepaid expenses. The total debits and credits are equal after the adjustments are made to the trial balance.

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Albert Moreno
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373 views2 pages

Accounting Refresher

The document is a trial balance for Ver Jaro Dentist as of December 31, 2017. It lists various asset, liability, capital, expense and income accounts and their balances. There are also notes on adjustments needed, including recognizing expenses for office supplies used, depreciation on equipment and prepaid expenses. The total debits and credits are equal after the adjustments are made to the trial balance.

Uploaded by

Albert Moreno
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Ver Jaro Dentist

Trial Balance
December 31, 2017

Account No. Account Title Debit


101 Cash 25,000.00
102 Accounts Receivable 40,000.00
103 Notes Receivable 5,000.00
104 Prepaid Insurance 2,000.00
106 Office Supplies 3,000.00
110 Automobile 40,000.00
110-A Accumulated Depreciation - Automobile
111 Equipment 30,000.00
111 -B Accumulated Depreciation - Equipment
201 Accounts Payable
301 V. Jaro, Capital
302 V. Jaro, Drawing 18,000.00
401 Service Fees Earned
402 Interest Income
501 Salary Expense 10,000.00
502 Utilities Expense 4,000.00
503 Rent Expense 2,400.00
510 Miscellaneos Expense 1,100.00
Total 180,500.00

504 Insurance Expense


505 Office Supplies Expense
506 Depreciation Expense - Automobile
507 Depreciation Expense - Equipment
202 Salaries Payable or Accrued Salaries
203 Unearned Interest Income
105 Prepaid Rent
Total

2. Office Supplies Expense(3,000 - 500 on hand = 2,500 portion of used office supplies)
4. Depreciation Expense - Equipment (30,000 - 6,000 salvage value / 6 years = 4,000)
Adjustments Adjusted Trial Balance
Credit Debit Credit Debit Credit
25,000.00
40,000.00
5,000.00
1 1,400.00 600.00
2 2,500.00 500.00
40,000.00
20,000.00 3 4,000.00 24,000.00
30,000.00
10,000.00 4 4,000.00 14,000.00
20,000.00 20,000.00
50,000.00 50,000.00
18,000.00
78,000.00 78,000.00
2,500.00 7 1,000.00 1,500.00
5 3,000.00 13,000.00
4,000.00
7 800.00 1,600.00
1,100.00
180,500.00

1 1,400.00 1,400.00
2 2,500.00 2,500.00
3 4,000.00 4,000.00
4 4,000.00 4,000.00
5 3,000.00 3,000.00
6 1,000.00 1,000.00
7 800.00 800.00
16,700.00 16,700.00 191,500.00 191,500.00

500 portion of used office supplies)


0 salvage value / 6 years = 4,000)

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