Comprehensive Assignment Answer
Comprehensive Assignment Answer
Comprehensive Assignment Answer
Worksheet
For the month ended on 31 January 2023
Trial Balance Adjustments Adjusted Trial Balance Profit & Loss Statement Balance Sheet
List of Accounts
Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
Accounts Payable 1,18,000 - 1,18,000 - 1,18,000
Accounts Receivable 3,50,000 3,50,000 - 3,50,000 -
Advance Rent 1,20,000 20,000 1,00,000 1,00,000 -
Bank Loan 2,00,000 - 2,00,000 - 2,00,000
Cash 4,70,000 4,70,000 - 4,70,000 -
Drawings 50,000 50,000 - 50,000 -
Equipment 1,00,000 1,00,000 - 1,00,000 -
Equity 10,50,000 - 10,50,000 - 10,50,000
Furniture 1,00,000 1,00,000 - 1,00,000 -
Prepaid Insurance 60,000 5,000 55,000 55,000 -
Purchase 7,50,000 7,50,000 - 7,50,000 -
Salary Expense 40,000 30,000 70,000 - 70,000 -
Sales Revenue 5,70,000 - 5,70,000 - 5,70,000
Service Revenue 1,50,000 - 1,50,000 - 1,50,000
Supplies 45,000 30,000 15,000 15,000 -
Utility Expense 3,000 3,000 - 3,000 -
Total= 20,88,000 20,88,000
Insurance Expense 5,000 5,000 - 5,000 -
Depreciation Expense 5,000 5,000 - 5,000 -
Accumulated Depreciation 5,000 - 5,000 - 5,000
Rent Expense 20,000 20,000 - 20,000 -
Interest Expense 2,000 2,000 - 2,000 -
Interest Payable 2,000 - 2,000 - 2,000
Accrued Rent Income 10,000 10,000 - 10,000 -
Rent Income 10,000 - 10,000 - 10,000
Supplies Expense 30,000 30,000 - 30,000 -
Salary Payable 30,000 - 30,000 - 30,000