Assets = Liabilities

Account Office
Cash Receivable Equipment Equipment = Note Payable
$ 5,000.00 $ 1,500.00 $ 500.00 $ 6,000.00
1 1,200.00 (1,200.00)
2 (2,800.00)
3 3,000.00 4,500.00
4 (400.00) 2,000.00
5 (3,800.00)

6 (700.00)
7 2,000.00 2,000.00
8
3,500.00 $ 4,800.00 $ 500.00 $ 8,000.00 $ 2,000.00

16,800.00
 + Owner's Equity

Account Payable + Owner's Equity Revenue Expenses Owner's Withdrawal

$ 4,200.00 $ 8,800.00

(2,800.00)
7,500.00
1,600.00
(2,500.00)
(900.00)
(400.00)

270.00 (270.00)
$ 3,270.00 $ - 0 $ 8,800.00 0 $ 7,500.00 $ (4,070.00) 0

$ 16,800.00
Owner's Withdrawal

Salaries
Rent
Advert
(700.00)

Utility
$ (700.00)
 Judi Salem law office Judi Salem law offic
Income Statement Statement of Owner's Eq
For the Month ended August 31 2017 For the Month ended August

Revenue Capital at July 31 2017

Service Revenue $ 7,500.00 Add: Net Income

Expenses
Salaries $ 2,500.00 Less: Owner's Drawing
Rent 900.00 Capital 31 August 2017
Advert 400.00
Utility 270.00
Total Expenses $ 4,070.00

Net Income $ 3,430.00

 Judi Salem law office Judi Salem law office
Statement of Owner's Equity Balance Sheet
he Month ended August 31 2017 For the Month August 31 2017

$ 8,800.00 Assets
3,430.00 Cash
$ 12,230.00 Account Receivable
Office Equipment
(700.00) Equipment
$ 11,530.00 Total Assets

Liabilities and Owner's Equity

Liabilities
Note Payable
Account Payable
Total Liabilities

Capital 31 August 2017

Total Liabilities and Owner's Equity
$ 3,500.00
4,800.00
500.00
8,000.00
$ 16,800.00

$ 2,000.00
3,270.00
$ 5,270.00

$ 11,530.00
$ 16,800.00
 Cash Accou
April 1 $ 20,000 April
April 2 $ 1,100
11 $1,000
20 $2,100
30 $2,800
30 $2,400
$ 23,100 $ 6,300
April 30 2017 ba $ 16,800

Unearned Service Revenue Own

April 10 $5,100
 Salaries and Wages Expense Re
April 30 $2,800 April

Emily Valley
trial balance
30-Apr-17

Debit Credit
Cash $ 16,800
Account Receivable $5,100
Supplies $ 4,000.00
Account Payable $ 1,600
Unearned Service Revenue $5,100
Owner's capital $ 20,000
Service Revenue $3,100
Salaries and Wages Expense $2,800
Rent Expense $ 1,100
$ 29,800 $ 29,800

Account Name
Date Expalanation Post Reference
 Account Receivable Accounts Payable
10 $5,100 April 3
April 30 $2,400
Balance 30 Ap

Owner’s Capital Service Revenue

April 1 $ 20,000 April 11
20
 Rent Expense
2 $ 1,100

Account No.
Post Reference Debit CreditBalance
yable Supplies
$ 4,000 April 3 $ 4,000.00

$ 1,600

enue
$1,000
$2,100
$3,100
 1
Account Name Cash
Date Expalanation Post Reference
1-Apr 2017 Beginig balance or Investment in Cash
2-Apr Paid office rent in cash
11-Apr Cash received from leah
20-Apr received cash for service from michel
30-Apr Paid salary to secretary receptionist
30 Paid Account Payable to Dazzle Company
Total Cash At 30 april 17

2
Account Name Account Receivable
Date Expalanation Post Reference
10-Apr 2017 dental services billed to insurance companies

3
Account Name Supplies
Date Expalanation Post Reference
3-Apr 2017 dental supplies on account from dazzle company
30-Apr 2017 Paid to Dazzle Company

4
Account Name Account payable
Date Expalanation Post Reference
3-Apr 2017 dental supplies on account from dazzle company

5
Account Name Unearned Service Revenue
Date Expalanation Post Reference
10-Apr 2017 dental services billed to insurance companies

6
Account Name Owner's Capital
Date Expalanation Post Reference
 7
Account Name Service Revenue
Date Expalanation Post Reference

8
Account Name Sales and Wage Expense
Date Expalanation Post Reference

9
Account Name Rent Expense
Date Expalanation Post Reference
Account No. 101
Debit Credit Balance
$ 20,000.00
$ 1,100 $ 18,900.00
$ 1,000.00 $ 19,900.00
$ 2,100.00 $ 22,000.00
$ 2,800 $ 19,200.00
$ 2,400 $ 16,800.00
$ 16,800.00

Account No. 112

Debit Credit Balance
$ 5,100.00 $ 5,100.00

Account No. 126

Debit Credit Balance
$ 4,000.00 $ 4,000.00
(2,400.00) (2,400.00)
$ 1,600.00

Account No. 201

Debit Credit Balance
$ 4,000.00 $ 4,000.00

Account No. 209

Debit Credit Balance
$ 5,100.00 $ 5,100.00

Account No. 301

Debit Credit Balance
Account No. 301
Debit Credit Balance

Account No. 301

Debit Credit Balance

Account No. 301

Debit Credit Balance
 Emily Valley
Balance Sheet
As of 30 April 2017

Assets Total Liablities and Owner

Cash $ 16,800
Account Receivable $5,100 Liablities
Supplies $ 4,000.00
$ 25,900
Owner's Equity

Salaries and Wages Expen

Rent Expense

Total Liabilities and O'S E

Total Liablities and Owner's Equity

Account Payable $ 1,600.00

Owner's Equity
Unearned Service Revenue $ 5,100
Beginng Capital $ 20,000
Service Revenue $ 3,100
$ 28,200
Salaries and Wages Expense $ (2,800)
Rent Expense $ (1,100)
$ 24,300
Total Liabilities and O'S Equity $ 25,900
1. Cash received from a customer in payment of its account was debited for $580, and
Accounts Receivable was credited for the same amount. The actual collection was for
$850.00 Lacagta saxda ah ee soo hoyatay waxay ahayd 850 si qalad ah ba loo diwaangaliyay 580
2. The purchase of a computer on account for $710 was recorded as a debit to Supplies
for $710 and a credit to Accounts Payable for $710.
3. Services were performed on account for a client for $980. Accounts Receivable was
debited for $980, and Service Revenue was credited for $98. dakhliga lacagtii saxda ahayd lama diwangalin 882
4. A debit posting to Salaries and Wages Expense of $700 was omitted. Kan wlaga tagayba isaga lama diwaanga
5. A payment of a balance due for $306 was credited to Cash for $306 and credited to
Accounts Payable for $360. Marka dayn la bixiyo Account payable lama credit garayn karo waa qalad taasi laca
6. The withdrawal of $600 cash for Sandhu’s personal use was debited to Salaries and
Wages Expense for $600 and credited to Cash for $600. Kaliy lacagta mulkiiluhu labaxay ayaaa lagu record

The correct answer will be 15,462

54

882 270
galiyay 580

ahayd lama diwangalin 882 baalaga tagay

tagayba isaga lama diwaangalinba

yn karo waa qalad taasi lacag saaid ahna walaga credit gareyay

hu labaxay ayaaa lagu record gareeyay meel qaldan tirada lacagtuse wa sax
 AVTAR SANDHU CO.
Trial Balance
30-Jun-17
Debit Credit
Cash $3,610
Account Receivble $2,542
Supplies 490
Supplies Equipment 3,310
Account Payable 3,000
Unearned Service Revenue 1,100
Owner's Capitl 8000
Owner's Drawing 1400
Service Revenue 3,362
Salary nd Wages Expense 3,300
Utilities expense 810
$ 15,462 $ 15,462

$ -
Date Explanation P.REF
May 1 Investment J1
Cash
(Beginning Investment In Cash)

3 Rent Expense J1
Cash
(Paid Rent Expense In Cash)

4 Equipment J1
Cash
Account Payable
(Purchased equipment )

5 Insurance J1
Cash
(Paid insurance in cash)

6 Supplies J1
Cash
( Purchased Office supplies in cash)

7 Supplies J1
Account Payable
( Purchased Office supplies in on Account)

8 Cash J1
Account Receivable
Service Revenue
( Revenue earned in cash and A/R)

9 Account Payable J1
Cash
(paid to account payable due)

10 Cash J1
Account Receivable
(received cash from customer)

11 Utility expense J1
 Account Payable
(utility bills to pay)

12 Salary J1
Cash
(Salary Paid to Employees)

Maquoketa Services
Trial Balance
1-May-17
Debit Credit
Cash $ 8,280
Account Receivable 9000
Equipment 30000
Supplies 1920
Insurance 1800
Account Payable 21480
Owner's Capital 40000
Service Revenue 20000
Salaries and wages expense 6100
Rent expense 24000
Utility Expense 380
$ 81,480 $ 81,480
 J1
Debit Credit Balance
$ 40,000 Cash
40,000 May 1 $ 40,000
3
4
24,000 5
24,000 6
8 8,000
9
30,000 10 3,000
10,000 12
20,000 51,000
8,280

1,800
1,800.00 Insurance
5 1,800

420
420

1,500
1,500

8,000
12,000
20,000
Service revenue
8
400
400

3,000
3,000

380
 380

6,100
6,100
rent expense
$ 127,600 $ 127,600 may 3 24,000

$ -
 Account receivable
8 12,000
24,000 10 3,000.00
10,000 9,000
1,800
420

400

6,100
42,720

Account Payable
4 20,000.00
7 1,500.00
9 400
11 380.00
21,880.00
21,480.00

Aalaries and wages expense

20,000 12 6,100
 Supplies
6 420
7 1,500
1,920

Owners Capital
may 1 40,000

Utiliy expense
11 380
 Equipment
4 30,000
 Maquoketa Services Maquoketa Services
Income Statement Statement of owner's Capital
1-May-17 1-May-17

Owner's capital
Revenue $ 20,000 Less: Net Loss

Expenses

Salaries and wages expense $ 6,100

Rent expense 24,000
Utility Expense 380
30,480
Net Loss $ 10,480
 Maquoketa Services
Balance Sheet
1-May-17

40,000 Assets
10,480 Cash 8,280
$ 29,520 Account Receivable 9,000
Equipments 30,000
Insurance 1,800
Supplies 1,920
Total Assets $ 51,000

Total Liabilities and Owner's equity

Liablities
Account payable $ 21,480

Owner's Capital

Owner's capital 40,000

Sevice Revenue 20,000
60,000
Salaries and wages 6,100
Rent Expense 24,000
Utilities expense 380
30,480
Owner's capital 29,520
Total Liabilities and Owner's equity $ 51,000