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Copyright © 2016 Pearson Education, Inc.
5-77
SOUSA REALTY
(5)
SOUSA REALTY
POST-CLOSING TRIAL BALANCE
SEPTEMBER 30, 201X
Dr.
Cr.
Cash
22
5
4
5
00
Accounts Receivable
10
0
0
0
00
Prepaid Rent
8
0
0
00
Office Supplies
1
0
0
00
Office Equipment
5
0
0
0
00
Acc. Dep., Office Equip.
1
6
0
00
Automobile
19
0
0
0
00
Acc. Dep., Automobile
2
1
0
00
Accounts Payable
20
1
5
0
00
James Sousa, Capital
36
9
2
5
00
Totals
57
4
4
5
00
57
4
4
5
00
5-78
SOUSA REALTY(2)
Balance Sheet
Credit
320
420
21,400
68,751 59,065
9,686
68,751 68,751
Debit
38,921
2,900
600
130
5,000
19,000
2,200
Inc. Statement
Credit
14,700
14,700
14,700
SOUSA REALTY
WORKSHEET
FOR THE MONTH ENDED OCTOBER 31, 201X
Debit
600
29
620
480
1,300
595
200
820
160
210
5,014
9,686
14,700
Adj. Trial Balance
Credit
320
420
21,400
14,700
73,765
Debit
38,921
2,900
600
130
5,000
19,000
2,200
600
29
620
480
1,300
595
200
820
160
210
73,765
Adjustments
Credit
Prepaid Rent 800 (A) 200
(B) 820
(C) 160
Acc. Dep., Auto 210 (D) 210
1,390
Debit
(A) 200
(B) 820
(C) 160
(D) 210
1,390
Trial Balance
Credit
160
21,400
14,700
73,395
Debit
38,921
2,900
950
5,000
Acc. Dep., Of. Eq.
19,000
2,200
Commissions Earned
600
29
620
480
1,300
595
73,395
Account Titles
Cash
Accts. Receivable
Office Supplies
Office Equipment
Automobile
Accounts Payable
James Sousa, With.
Salaries Expense
Gas Expense
Repairs Expense
Telephone Expense
Advertising Expense
Misc. Expense
Rent Expense
Office Supplies Exp.
Dep. Exp., Office Eq.
Dep. Exp., Auto
Net Income
Copyright © 2016 Pearson Education, Inc.
5-79
MINI PRACTICE SET
SOUSA REALTY
(3)
SOUSA REALTY
INCOME STATEMENT
FOR MONTH ENDED OCTOBER 31, 201X
Revenue:
Commissions Earned
$14
7
0
0
00
Operating Expenses:
Salaries Expense
$
6
0
0
00
Gas Expense
2
9
00
Repairs Expense
6
2
0
00
Telephone Expense
4
8
0
00
Advertising Expense
1
3
0
0
00
Miscellaneous Expense
5
9
5
00
Rent Expense
2
0
0
00
Office Supplies Expense
8
2
0
00
Depreciation Expense, Office Equipment
1
6
0
00
Depreciation Expense, Automobile
2
1
0
00
Total Operating Expenses
5
0
1
4
00
Net Income
$ 9
6
8
6
00
SOUSA REALTY
STATEMENT OF OWNER'S EQUITY
FOR MONTH ENDED OCTOBER 31, 201X
James Sousa, Capital, October 1, 201X
$36
9
2
5
00
Net Income for October
$9
6
8
6
00
Less: Withdrawals for October
(2
2
0
0
00)
Increase in Capital
7
4
8
6
00
James Sousa, Capital, October 31, 201X
$44
4
1
1
00
SOUSA REALTY
N
SOUSA REALTY
Copyright © 2016 Pearson Education, Inc.
5-81
SOUSA REALTY
(5)
SOUSA REALTY
POST-CLOSING TRIAL BALANCE
OCTOBER 31, 201X
Dr.
Cr.
Cash
3 8
9
2
1
00
Accounts Receivable
2
9
0
0
00
Prepaid Rent
6
0
0
00
Office Supplies
1
3
0
00
Office Equipment
5
0
0
0
00
Acc. Dep., Office Equip.
3
2
0
00
Automobile
1 9
0
0
0
00
Acc. Dep., Automobile
4
2
0
00
Accounts Payable
21
4
0
0
00
James Sousa, Capital
44
4
1
1
00
Totals
66
5
5
1
00
66
5
5
1
00
