L. MINELLI TRUCKING AND STORAGE CO.

April 30,2017
Trial Balance Adjustments Adjusted Trial Balan
Accounts Debit Credit Debit Credit Debit Cr
Cash 25,600 25,600
Notes Receivable 9,800 9,800
Office Supplies 4,100 1,000 3,100
Office Tools 48,100 48,100
Trucks 149,000 149,000
Machineries 149,000 149,000
Notes Payable 7,500
L. Minelli, capital 283,400
L. Minelli, drawing 55,000 55,000
Service Income 400,000
Office Salaries expense 52,000 52,000
Truck driver’s wages 157,800 157,800 315,600
Advertising expense 15,000 5,000 20,000
Gas, oil and repairs 25,500 25,500
Office Supplies used 1,000 1,000
Depreciation Office Tools 33,670 33,670
Accrued Depreciation Office tools 33,670
Interest Expense 900 900
Accrued Interest Expense 900
Depreciation Machineries 27,938 27,938
Accrued Depreciation Machineries 27,938
Depreciation Trucks 6,208.25 6,208.25
Accrued Depreciation Trucks 6,208.25
Prepaid Advertising Expense 5,000
Accrued Salary Expense 157,800
TOTAL 232,516.25 232,516.25 922,416.25 92

On April 30, the end of the accounting period, the following data were taken: 2. Office tools are depreciated at 7% per annum.
1. An actual account of office supplies showed a balance of 3,100. 3. A 12% interest has accrued on the notes payable.
4. Machineries are estimated 4 years, after which it shall have a value of 37,250.
5. Trucks are estimated has a useful life of 6 years bought on December 1, 2016.
6. The used of the advertising asset account represents for 3 months. Paid on Jan.1
2017.
7. Truck drivers are paid every week. On April 31, four weeks of wages of an drivers
for 39,450 per week have accrued.