UNADJUSTED ADJUSTED

Debit Credit Debit Credit

Cash 28,000 14,700
Account Receivable 36,800 41,800
Notes Receivable 10,000 10,000
Interest Receivable 600
Inventory 36,200 32,700
Prepaid Insurance 3,600 1,200
Land 20,000 20,000
Building 150,000 150,000
Equipment 60,000 71,800
Patent 9,000 8,000
Allowance for Doubtful Debts 500 4,000
Accumulated Dep. Building 50,000 54,000
Accumulated Dep. Equipment 24,000 34,100
Accounts Payable 27,300 27,300
Salaries Payable 2,200
Unearned Rent 6,000 4000
Notes Payable Short term 11,000 11,000
Interest Payable 4600
Notes Payable (Long Term) 35,000 35,000
Tax Payable 15,000
Share Capital 50,000 50,000
Retained Earnings 63,600 63,600
Dividends 12,000 12,000
Sales 900,000 905,000
Interest Revenue 600
Rent Revenue 2,000
Gain on Dsiposal 750
Bad Debt Expense 3,500
COGS 630,000 633,500
Depreciation-Buildings 4,000
Depreciation- Equipment 12,350
Insurance Expense 2,400
Interest Expense 4,600
Other Operating Expense 61,800 61,800
Amortisation Expense-Patents 1,000
Salaries Expense 110,000 112,200
Tax Exepnse 15,000
1,167,400 1,167,400 1,213,150 1,213,150

Net Income
1213150
0
INCOME
Debit Credit
Equipment
Trial b 60,000 2 Sold 5,000
1 Purch. Value 16,000
1 ST Tax 800
Adjust Trial bal 71,800
258,700

Accumulated Depreciation-Equip
Trial b 24,000 450
2 sold 2,250 8 old equip dep 9,900
9 new equip 2,000
Adjust Trial bal 34,100

Sales
Trial b 900,000
3 Sales 5,000

Adjust Trial bal 905,000

Inventory
Trial b 36,200 3 sales 3,500

5,000
600 Adjust Trial bal 32,700
2,000
750 Allowance for Doubtful Debts
3,500 Trial b 500
3,500 4 YE balance 4,000
4,000
12,350 Adjust Trial bal 4,000
2,400
4,600 Notes Receivable
- Trial b 10,000
1,000
2,200 Adjust Trial bal 10,000
15,000
(40,200)
Prepaid Insurance
Trial b 3,600 6- 4 months insuranc 2,400
58,000
Adjust Trial bal 1,200
 Building
Trial Balacen 150,000

Adjust Trial bal 150,000

Patent
Trial b 9,000 10 amort 1,000

Adjust Trial bal 8,000

Salaries Payable
11 unpaid 2,200

Adjust Trial bal 2,200

Unearned Rent
Trial b 6,000
12 Dec rent recog 2,000
Adjust Trial bal 4,000

Notes Payable Short Term

Trial b 11,000

Adjust Trial bal 11,000

Interest Payable
13 ST loan 1,100
13 LT loan 3,500

Adjust Trial bal 4,600

Tax Payable
14 unpaid 15,000

Adjust Trial bal 15,000

 Cash Depreciation Exp Equip
Trial b 28,000 1 Purchase 16,800 8 old equip 9,900
2 sold 3500 9 new eqip 2,000
450
Adjust Trial bal 14,700 Adjust Trial bal 12,350

Gain on disposal
2 Gain 750

Adjust Trial b 750

Account Receivable
Trial b 36,800
3 sales 5,000

Adjust Trial bal 41,800

COGS
Trial b 630,000
3 sales 3,500

Adjust Trial bal 633,500

Bad Debt Expense

4 Allowance 3,500

Adjust Trial bal 3,500

Interest Receivable Interest Reveue

5 earned interest 600 rcognized interest 600

Adjust Trial bal 600 Adjust Trial bal 600

Insurance Expense
6- 4 months 2,400

Adjust Trial bal 2,400

 Accumulated Depreciation Building Dep Building Exp
Trial b 50,000 7 2011 dep 4,000
7 2011 dep 4,000

Adjust Trial b 54,000 Adjust Trial bal 4,000

Amortisation
10 exp 1,000

Adjust Trial bal 1,000

Salaries Expense
Trial b 110,000
11 unpaid 2,200
Adjust Trial bal 112,200

Rent Rev
12 Dec rent 2,000

Adjust Trial b 2,000

Notes Payable Long Term

Trial b 35,000

Adjust Trial b 35,000

Interest Expense
13 ST loan 1,100
13 LT loan 3,500

Adjust Trial bal 4,600

Tax Expense
14 unpaid 15,000

Adjust Trial bal 15,000

tion Exp Equip