Trial Balance
Account Title Debit Credit
Cash $ 34,500
Accounts Receivable 25,300
Supplies 3,700
Equipment 26,400
Debit Credit
Depreciation Expense 2,900
Supplies Expense 2,500
Unearned Revenue 4,000
Problem 3-8C (continued)
Requirement 4
Requirement 5
Problem 3-8C (continued)
Requirement 6 (adjusted entries posted in red)
Cash Accounts Receivable Supplies
18,000
45,000
12,000
7,000
36,000
13,000
3,000
62,000 45,000
34,500 25,300 1,200
Equipment Accumulated Depr. Accounts Payable
26,400 5,800
4,200
26,400 8,700 4,200
Utilities Payable Unearned Revenue Common Stock
5,500
5,500
0
7,000
19,000
12,000
0 3,000 31,000
Retained Earnings Dividends Service Revenue
8,400 0
3,000
0
80,000
8,400 3,000 84,000
Salaries Expense Utilities Expense Supplies Expense
0
36,000
0
7,500
0
2,500
36,000 7,500 2,500
Depr. Expense
0
2,900
Problem 3-8C (continued)
Requirement 7
Adjusted Trial Balance
Account Title Debit Credit
Cash $ 34,500
Accounts Receivable 25,300
Supplies 1,200
Equipment 26,400
Salaries 36,000
Utilities 7,500
Problem 3-8C (continued)
Requirement 8
Advanced Health
Income Statement
For the year ended December 31, 2015
Health revenue $84,000
Expenses:
Assets Liabilities
Cash $34,500 Accounts Payable $ 4,200
Accts. Receivable 25,300 Unearned Revenue 3,000
Stockholders’ Equity
Equipment 26,400 Common Stock 31,000
Accum. depr. (8,700) Retained Earnings 40,500 *
* Retained earnings = beginning retained earnings + net income − dividends
December 31, 2015 Debit Credit
Service Revenue 84,000
Advanced Health
Balance Sheet
December 31, 2015
Problem 3-8C (continued)
Requirement 9
Retained Earnings 48,900
Salaries Expense 36,000
Utilities Expense 7,500
Supplies Expense 2,500
Retained Earnings 3,000
Problem 3-8C (continued)
Requirement 10 (closing entries posted in red)
Cash Accounts Receivable Supplies
4,500
18,000
45,000
12,000
7,000
36,000
13,000
3,000
8,300
62,000 45,000
3,700 2,500
34,500 25,300 1,200
Equipment Accumulated Depr. Accounts Payable
26,400 5,800
2,900
4,200
26,400 8,700 4,200
Utilities Payable Unearned Revenue Common Stock
5,500
5,500
4,000
0
7,000
19,000
12,000
0 3,000 31,000
Retained Earnings Dividends Service Revenue
8,400
0
0
40,500 0 0
Salaries Expense Misc. Expense Supplies Expense
0
0
0
0 0 0
Depr. Expense
0
0
Problem 3-8C (concluded)
Requirement 11
Post-Closing Trial Balance
Account Title Debit Credit
Cash $ 34,500
Accounts Receivable 25,300
Supplies 1,200
Equipment 26,400
Accumulated Depreciation $ 8,700
Accounts Payable 4,200
Utilities Payable 0
Unearned Revenue 3,000
Common Stock 31,000
Retained Earnings 40,500
Total $87,400 $87,400