Unadjusted Trial Balance
Adjustments
Account
Dr
Cr
Dr
Cr
Cash
$ 65,000.00
Accounts Receivable
$ 8,400.00
$ 1,500.00
Prepaid Rent
$ 12,000.00
$ 4,000.00
Unexpired Insurance
$ 9,600.00
Office Supplies
$ 1,000.00
$ 400.00
Rental Equipment
$ 240,000.00
Accumulated Depreciation- Rental Equipment
$ 2,500.00
Notes Payable
$ 100,000.00
Accounts Payable
$ 1,700.00
Interest Payable
$ 500.00
Salaries Payable
$ 1,400.00
Dividends Payable
$ 5,390.00
Unearned Rental Fees
$ 8,000.00
$ 3,700.00
Income Tax payable
Capital Stock
$ 200,000.00
Retained Earnings
$ 5,390.00
Dividends
Income Summary
Rental Fees Earned
$ 38,000.00
$ 5,200.00
Salaries Expense
$ 10,400.00
$ 1,400.00
Maintenance Expense
$ 600.00
Utilities Expense
$ 700.00
Rent Expense
$ 4,000.00
Office Supplies Expense
$ 400.00
Depreciation Expense
$ 2,500.00
Interest Expense
$ 500.00
Income Taxes Expense
Total
$ 353,090.00
$ 353,090.00
$ 14,000.00
$ 14,000.00