Adjusted Trial Balance

Dr Cr
Account Titles
Cash $6,000)
Accounts receivable 6,300
Supplies 200
Furniture 10,000
Accumulated depreciation—furniture $6,000)
Building x
Accumulated depreciation—building 31,000
Accounts payable 2,000
Salary payable 500
Unearned service revenue 5,000
Common stock 10,000
Retained earnings 2,000
Dividends 25,000
Service revenue 64,300
Salary expense 16,500
Supplies expense 800
Depreciation expense—furniture 2000
Depreciation expense—building 1000
Advertising expense 3,000
Total $70,800) 120800

Net Income (Loss)

 ABC Company ABC Company
Income Statement Balance Sheet Statement
For the year ended December 31, 2014 As on December 31, 2014
Partiqualrs Amount Amount
Revenue: Assets Amount Amount Libilites Amount Amount
Service Revenue 64,300 Cash #REF! Accounts Payable 2,000
Other Income/ Revenue 0 Accounts Receivable 6,300 Salary Payable 500
64,300 Supplies 200 Unearned Service Revebnue 5,000
Expenses: Furniture 10,000 7,500
Salary expense 16,500 Less: Accumulated depreciation ($6,000) Stock Holder's Equity/ Owner's Equity
Supplies expense 800 $4,000) Common Stock 10000
Depreciation expense—furniture 2000 Building 50000 Retained Earnings
Depreciation expense—building 1000 Less: Accumulated depreciation ( (31,000.00) Opening 2000
Advertising expense 3,000 ( 19,000) Add: Net income 41000
Less: Dividend/Drawings ( (25,000)
18000
Total Expenses 23,300 Total Assets #REF! Liabilites+Owner's Equity 35,500
Net Income (Loss) 41,000

ABC Company
Retained Earnings Statement
For the year ended December 31, 2014

Partiqualrs Amount Amount

Opening Balance (January) 2000

Add: Net income 41000
Less: Dividend/Drawings ( (25,000)
Closing Balance (December) 18000
Problem: 1
Three years ago T. Roderick organized harbor Reality Inc. At July 31, 2000, the end of the current fiscal year, the trial balance of Harbor Reality is as follows:
Harbor Realty Inc.
Trial balance
31-Jul-00
Accounts name Dr Cr
Cash 3,42,500
Accounts receivable 7,00,000
Supplies 1,27,000
Prepaid Insurance 62,000
Office equipment 51,65,000
Accumulated Depreciation 9,70,000
Accounts payable 92,500
Unearned fees 1,25,000
Capital Stock 5,00,000
Retained earnings 24,00,000
Dividends 5,20,000
Fees earned 59,12,500
Wages expense 22,41,500
Rent expense 4,20,000
Utilities expense 2,71,500
Miscellaneous expense 1,50,500

1,00,00,000
1,00,00,000

The data needed to determine year-end adjustments are as follows:

a. Supplies on hand at July 31,2000 are Tk. 38, 000 a. Supplies Expense-Dr 89000
b. Insurance premiums expired during the year are Tk. 31,500 To. Supplies-Cr 89000
c. Depreciation of equipment during the year is Tk. 4,95,000
d. Wages accrued but not paid ay July 31,2000 are Tk. 44,000 b. Insurance Expense-Dr 31500
e. Accrued fees earned but not recorded at July 31,2000 are TK. 1,00,000 To. Prepaid Insurance-Cr 31500
f. Unearned fees on July 31,2000 are Tk. 75,000
C. Depreciation Expense-Dr. 495000
To. Accumualted Deprecaition-cr 495000

d. Wages Expense-Dr 44000

Wages Payable-Cr 44000

e. Accounts Receivable-Dr 100000

To. Fees earned-cr 100000

f. Unearned Fees--Dr 50000

To. Fees Earned-cr 50000
 Income Statement
For the period of December 31, 2000
Dr. Cr
Partiqualrs Amount Amount Partiqualrs Amount Amount
Operating Expenses Revenue
Wages expense 2241500 Fees earned 5912500
Add: Accrued 44000
2285500
Rent expense 420000 Add:
Utilities expense 271500 Accrued Fees 100000
Miscellaneous
expense 150500 Unearned Fees 50000
Supplies Expense 89000 6062500
Insurance Expense 31500
Depreciation Expense 495000
Total Expense 3743000

Total
Mehedi Hasan 212014005 8:32 PM
212014005

Shanto (212-15) 8:32 PM

212903015 - Shahadul Alam Shanta

MD. ASIK HOSSAIN POLASH 8:32 PM

171003011

211903004 Alovir 8:32 PM

211903004

Jonayet Hossain-212903006 8:32 PM

212903006

Shadman 8:32 PM
213903005

Antor (Tex-213903007) 8:32 PM

213903007

(211903003 Mehedi Hasan Babu) 8:32 PM

Mehedi Hasan Babu
211903003

Abu Raihan Raihan 8:32 PM

212903019

Sha Abu Naser 8:32 PM

213903001

Sayem_ 212903010 8:32 PM

212903010
212903010

Abdullal al Seam 212903017 8:32 PM

212903017
Abu Raihan Raihan left
Shadman left

Mh Asif 191003072(D2) 8:32 PM

Md.Mehedi Hasan Asif
191003072
Mehedi Hasan 212014005 left

Abdullal al Seam 212903017 8:32 PM

212903020
MD. ASIK HOSSAIN POLASH 8:32 PM
171003011

Shanto (212-15) 8:32 PM

212903015
Jayanto Sarker 212903020 joined as a guest
Antor (Tex-213903007) left
Shanto (212-15) left

Sayem_ 212903010 8:33 PM

212903010
Jonayet Hossain-212903006 left

Jayanto Sarker 212903020 8:33 PM

121903020
212903020

Wayes Kuruni TEX( 212903016) 8:33 PM

212903016

MD. ASIK HOSSAIN POLASH to You (direct message) 8:34 PM

171003011
MD. ASIK HOSSAIN POLASH left
Jayanto Sarker 212903020 left
Jayanto Sarker 212903020 joined as a guest

Tanvir Sajib 8:34 PM

212903011

Tawabur Rahman 8:34 PM

212014006

211903009 (Rubaiya Islam Priya) PC Day 8:34 PM

211903009

Tanvir Sajib 8:34 PM

212903011
Sha Abu Naser left
Jayanto Sarker 212903020 left
Sayem_ 212903010 left
Tawabur Rahman left
211903009 (Rubaiya Islam Priya) PC Day left
211903004 Alovir left
211903009 (Rubaiya Islam Priya) PC Day joined as a guest

Jannatul Hashan 8:40 PM

202903007
 Mah Gul Jadoon
Income Statement
For the period of December ,2015
Expenses Revenue or income
Dr. Cr
Explanations Amount Amount Explanation Amount Amount
Insruance Expesne 6000 Sales 988800
Less: Prepaid Insurance ( (2,000) Less; Return Inward -6800
4000 982000
General Expense 30000
Salaries 150000 commission 3200

Cost of Goods Sold:

Opening Inventory 58600
Add: Purchases 406750
Less: Returns ( (5,000.0)
Less: Closing Invenotry ( (68,000.0)
392350

Carrige on purchase 20400

Carrigae on sales 32000
Fuel and Power 47300
Wages 104800
Less: Prepaid Wages ( (7,000)
( 97,800)

Deprecation Expense 20000

Amortization Expense 15000
Total Expense 808850
Net Income 176350
Total 985200 Total 985200

Balance Sheet
As on 31 December, 2015

Liabilties &
Assets Amount Amount Capital Amount Amount
Adjustments Sundary Debtors ( 145,000) Sudnary creditors 63000
Inventory on 31st, December 2015 was valued at Rs. 68,000. Patents 75000
Depreciation Machinery by 10 % and Amortization of Patents by 20 %. Less: Accumulated Amortizatiion ( (15,000) Capital:
Unexpired Insurance at the end financial year was Rs. 2,000. ( 60,000) Opening Capital 710000
Wages includes Rs. 7,000 paid as advance to employees (Prepaid Wages Debit). Machinary 200000 Add: Net Income 176350
Less: Accumulated Deprecaiton ( (20,000) Less; Drawings ( (52,450)
( 180,000) ( 833,900)
Adjsutments: Lease hold Land ( 100,000)
Expalantion Ref. No Debit Credit Budilding ( 300,000)
a. Inventory-dr 68000 Cash in hand ( 5,400)
To . Purchases 68000 cash at abank ( 29,500)
Inventroy ( 68,000)
20000 b. Depreciation Expense-Dr. 20000 Prepaid Insurance ( 2,000)
To. Accumualted Deprecation-cr.-Machianry Prepaid wages ( 7,000)
Total Assets ( 896,900) Total Liabilites ( 896,900)
15000 Amortizaation Expesne-Dr 15000
To. Accumualted Amortization-cr 15000

c. Prepaid Insurnace-Dr 2000

To. Insurance Expense-Cr 2000

d. Prepaid wages-Dr 7000

To. Wages Expense-Cr 7000