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Work Sheet

The document provides the trial balance, adjustments, adjusted trial balance, income statement, and statement of financial position for Yazici Advertising A.S. for the month ended October 31, 2020. Adjustments are made to record expenses, revenue, depreciation, interest, and salaries. The income statement shows a net income of ₺2,860 and the financial position shows total assets of ₺22,450 equal to total liabilities and equity.

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erzalisnawati2002
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27 views6 pages

Work Sheet

The document provides the trial balance, adjustments, adjusted trial balance, income statement, and statement of financial position for Yazici Advertising A.S. for the month ended October 31, 2020. Adjustments are made to record expenses, revenue, depreciation, interest, and salaries. The income statement shows a net income of ₺2,860 and the financial position shows total assets of ₺22,450 equal to total liabilities and equity.

Uploaded by

erzalisnawati2002
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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Yazici Advertising A.S.

Worksheet
For the Month Ended October 31, 2020

Trial Balance Adjustments

Account Titles Dr. Cr. Dr.


Cash 15,200
Supplies 2,500
Prepaid Insurance 600
Equipment 5
Notes Payable 5.000
Accounts Payable 2.500
Unearned Service Revenue 1.200 400
Share Capital—Ordinary 10.000
Dividends 500
Service Revenue 10,000

Salaries and Wages Expense 4 1,200


Rent Expense 900
Totals 29 28.700

Supplies expense 1,500


Insurance expense 50
Depreciation expense 40
Acc. Depr. equipment
Accounts Receivable 200
Interest expense 50
Interest payable
Salaries and wages payable
3,440
Yazici Advertising A.S.
Worksheet
he Month Ended October 31, 2020

Adjustments Adjusted Income Statement of Financial Position


Trial Balance Statement
Cr. Dr. Cr. Dr. Cr. Dr. Cr.
15,200
1,500 1,000
50 550

400 10,600
200

40

50
1,200
3,440
a.Yazici debits an additional account, Supplies Expense, ₺1,500 for the cost of supplies used, and credits Supplie
b.Yazici debits an additional account, Insurance Expense, ₺50 for the insurance that has expired, and credits Pre
c.The company needs two additional depreciation accounts. It debits Depreciation Expense ₺40 for the month’s
d.Yazici debits Unearned Service Revenue ₺400 for services performed, and credits Service Revenue ₺400.
e.Yazici debits an additional account, Accounts Receivable, ₺200 for services performed but not billed, and cred
f.The company needs two additional accounts relating to interest. It debits Interest Expense ₺50 for accrued int
g.Yazici debits Salaries and Wages Expense ₺1,200 for accrued salaries, and credits an additional account, Salari

Adjustments Key:
(a) Supplies Used a Supplies expense
(b) Insurance Expired Supplies
(c) Depreciation Expensed b Insurance expense
(d) Service Revenue Recognized Prepaid insurance
(e) Service Revenue Accrued c Depre. Expense
(f) Interest Accrued Acc. Depr-equipment
(g) Salaries Accrued d. Unearned service rev
service revenue
e Account receivable
service revenue
f Interest exp
interest payable
g salaries and wages exp
salaries and wages payable
es used, and credits Supplies ₺1,500.
has expired, and credits Prepaid Insurance ₺50.
Expense ₺40 for the month’s depreciation, and credits Accumulated Depreciation—Equipment ₺40.
Service Revenue ₺400.
med but not billed, and credits Service Revenue ₺200.
Expense ₺50 for accrued interest, and credits Interest Payable ₺50.
an additional account, Salaries and Wages Payable, ₺1,200.

1500
1500
50
50
40
40
400
400
200
200
50
50
1200
1200
Yazici Advertising A.S.
Worksheet
For the Month Ended October 31, 2020

Trial Balance Adjustments

Account Titles Dr. Cr. Dr. Cr.


Cash 15.200
Supplies 2.500 (a) 1,500
Prepaid Insurance 600.000 (b) 50
Equipment 5.000
Notes Payable 5.000
Accounts Payable 2.500
Unearned Service Revenue 1.200 (d) 400
Share Capital—Ordinary 10.000
Dividends 500.000
Service Revenue 10.000 (d) 400
(e) 200
Salaries and Wages Expense 4.000 (g) 1,200
Rent Expense 900.000
Totals 28.700 28.700
Supplies Expense (a) 1,500
Insurance Expense (b) 50
Accumulated Depreciation (c) 40
Depreciation Expense (c) 40
Accounts Receivable (e) 200
Interest Expense (f) 50
Interest Payable (f) 50
Salaries and Wages Payable (g) 1,200
Totals 3.440 3.440
Net Income
Totals
Advertising A.S.
Worksheet
Ended October 31, 2020

Adjusted Income Statement of Financial Position


Trial Balance Statement
Dr. Cr. Dr. Cr. Dr. Cr.
15.200 15.200
1.000 1.000
550.000 550.000
5.000 5.000
5.000 5.000
2.500 2.500
800 800.000
10.000 10.000
500.000 500.000
10.600 10.600

5.200 5.200
900.000 900.000

1.500 1.500
50.000 50.000
40.000 40.000
40.000 40.000
200.000 200.000
50.000 50.000
50.000 50.000
1.200 1.200
30.190 30.190 7.740 10.600 22.450 19.590
2.860 2.860
10.600 10.600 22.450 22.450

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