PROBLEM 4B-2
Account Titles Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Credit
Debit
3,100
Credit
Debit
Credit
LAJOIE’S LANDSCAPING SERVICE
WORKSHEET
FOR THE MONTH ENDED JANUARY 31, 201X
Debit
3,100
Credit
Debit
Credit
Debit
3,100
Cash in bank
Wages Payable
4-22
PROBLEM 4B-3
(1)
KYLE’S MOVING CO.
WORKSHEET
FOR MONTH ENDED OCTOBER 31, 201X
Balance Sheet
Credit
4,500
2,670
16,571
350
24,091
2,209
26,300
Debit
8,000
800
15,000
1,000
26,300
26,300
Income Statement
Credit
8,800
8,800
8,800
Debit
3,730
550
511
600
700
500
6,591
2,209
8,800
Adjusted Trial Balance
Credit
4,500
2,670
16,571
8,800
350
32,891
Debit
8,000
800
15,000
1,000
3,730
550
511
600
700
500
32,891
Adjustments
Credit
(B) 700
(C) 500
(D) 350
2,150
Debit
(D) 350
(A) 600
(B) 700
(C) 500
2,150
Trial Balance
Credit
4,000
2,670
16,571
8,800
32,041
Debit
8,000
1,500
15,000
1,000
3,380
550
511
32,041
Account Titles
Cash
Moving Supplies
Moving Truck
Acc. Dep., Moving Truck
Accounts Payable
K. Hull, Capital
K. Hull, Withdrawals
Revenue from Moving
Wage Expense
Rent Expense
Advertising Expense
Insurance Expense
Moving Supplies Expense
Dep. Exp. Moving Truck
Wages Payable
Net Income
Copyright © 2016 Pearson Education, Inc.
4-23
PROBLEM 4B-3 (CONTINUED)
(2)
KYLE’S MOVING CO.
INCOME STATEMENT
FOR MONTH ENDED OCTOBER 31, 201X
Revenue:
Revenue from Moving
$8
8
0
0
00
Operating Expenses:
Wage Expense
$3
7
3
0
00
Rent Expense
5
5
0
00
Advertising Expense
5
1
1
00
Insurance Expense
6
0
0
00
Moving Supplies Expense
7
0
0
00
Depreciation Expense; Moving Truck
5
0
0
00
Total Operating Expenses
6
5
9
1
00
Net Income
$2
2
0
9
00
KYLE’S MOVING CO.
STATEMENT OF OWNER’S EQUITY
FOR MONTH ENDED OCTOBER 31, 201X
(2)
K. Hull, Capital, October 1, 201X
$16
5
7
1
00
Net Income for October
$2
2
0
9
00
Less: Withdrawals for October
(1
0
0
0
00)
Increase in Capital
1
2
0
9
00
K. Hull, Capital, October 31, 201X
$17
7
8
0
00
PROBLEM 4B-3 (CONCLUDED)
(2)
KYLE’S MOVING CO.
BALANCE SHEET
OCTOBER 31, 201X
LIABILITIES AND OWNER’S EQUITY
00
0
7
6
$2
Liabilities
Accounts Payable
ASSETS
00
00
0
0
0
0
0
5
$8
1
Cash
Prepaid Insurance
4-25
PROBLEM 4B-4
Balance Sheet
Credit
1,850
5,170
3,910
300
11,230
3,970
15,200
Debit
4,000
3,300
2,900
5,000
15,200
15,200
Income Statement
Income Statement
Credit
9,500
9,500
9,500
DON’S REPAIR SERVICE
WORKSHEET
FOR THE MONTH ENDED SEPT. 30, 201X
Debit
2,000
360
320
400
2,100
350
5,530
3,970
9,500
Adjusted Trial Balance
Credit
1,850
5,170
3,910
9,500
300
20,730
Debit
4,000
3,300
2,900
5,000
2,000
360
320
400
2,100
350
20,730
Adjustments
Credit
(A) 400
(B)2,100
(C) 350
(D) 300
3,150
Debit
(D) 300
(A) 400
(B)2,100
(C) 350
3,150
Trial Balance
Trial Balance
Credit
1,500
5,170
3,910
9,500
20,080
Debit
4,000
3,700
5,000
5,000
1,700
360
320
20,080
Account Titles
Cash
Prepaid Insurance
Repair Supplies
Repair Equipment
Acc. Dep., Repair Equip.
Accounts Payable
D. Hilton, Capital
Revenue from Repairs
Wages Expense
Rent Expense
Advertising Expense
Insurance Expense
Repair Supplies Exp.
Dep. Exp, Rep. Equip.
Wages Payable
Net Income
PROBLEM 4B-4 (CONTINUED)
(2)
DON’S REPAIR SERVICE
INCOME STATEMENT
FOR MONTH ENDED SEPTEMBER 30, 201X
Revenue:
Revenue from Repairs
$9
5
0
0
00
Operating Expenses:
Wages Expense
$2
0
0
0
00
Rent Expense
3
6
0
00
Advertising Expense
3
2
0
00
Insurance Expense
4
0
0
00
Repair Supplies Expense
2
1
0
0
00
Depreciation Expense, Repair Equipment
3
5
0
00
Total Operating Expenses
5
5
3
0
00
Net Income
$3
9
7
0
00
(2)
DON’S REPAIR SERVICE