| Currently doing my ACCT Assignment: | Benny Tennis | | Worksheet | | For the month ended 31 July 2007 | | | | | | | | | | | | | | | | | | | | | Balance Sheet | | | | | | | | and | | | Unadjustment | | | Adjusted | Income | Statement of | | Account | Trial Balance | | Adjustments | Trial Balance | Statement | Owner's Equity | | | Dr. | Cr. | | Dr. | | Cr. | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | | Cash | 3,500 | | (a) | 6,500 | (b) | 900 | 10,000 | 900 | | | 10,000 | 900 | | Accounts receivable | 7,200 | | | | | | 7,200 | 0 | | | 7,200 | 0 | | Prepaid rent | 1,400 | 0 | (b) | 900 | | 0 | 2,300 | 0 | | | 2,300 | 0 | | Supplies | 800 | 0 | | | (c ) | 400 | 800 | 400 | | | 800 | 400 | | Equipment | 39,900 | | | | | | 39,900 | 0 | | | 39,900 | 0 | | Accumulated depreciation | | 15,200 | | | (d) | 300 | 0 | 15,500 | | | 0 | 15,500 | | Accounts payable | | 3,300 | | | | | 0 | 3,300 | | | 0 | 3,300 | | Salary payable | | | | | (e) | 550 | 0 | 550 | | | 0 | 550 | | Unearned service revenue | | 7,200 | | 0 | (a) | 6,500 | 0 | 13,700 | | | 0 | 13,700 | | Benny, capital | | 12,600 | | | | | 0 | 12,600 | | | 0 | 12,600 | | Benny, withdrawls | 4,500 | | | | | | 4,500 | 0 | | | 4,500 | 0 | | Service revenue | | 29,300 | | | | 0 | 0 | 29,300 | 0 | 29,300 | 0 | 0 | | Salary expense | 1,800 | | (e) | 550 | | | 2,350 | 0 | 2,350 | 0 | 0 | 0 | | Rent expense | 8,500 | | | 0 | | | 8,500 | 0 | 8,500 | 0 | 0 | 0 | | Depreciation Expense | | | (d) | 300 | | | 300 | 0 | 300 | 0 | 0 | 0 | | Supplies expense | | | (c ) | 400 | | | 400 | 0 | 400 | 0 | 0 | 0 | | Total | 67,600 | 67,600 | | 8,650 | | 8,650 | 76,250 | 76,250 | 11,550 | 29,300 | 64,700 | 46,950 | | Net Income | | | | | | | | | 17,750 | | | 17,750 | | Totals | | | | | | | | | 29,300 | 29,300 | 64,700 | 64,700 |
| Benny Tennis | | Income statement | | For Month Ended 31 July 2007 | | | | | | | | | | | Revenue | | | | | | | | | | Service revenue | | | | | | | 29,300 | | Total Revenue | | | | | | | 29,300 | | | | | | | | | | | Expenses | | | | | | | | | | Salary expense | | | | | | 2,350 | | | Rent expense | | | | | | 8,500 | | | Depreciation Expense | | | | | 300 | | | Supplies expense | | | | | | 400 | | | Total Expense | | | | | | | 11,550 | | | | | | | | | | | Net Income | | | | | | | 17,750 |
| Benny Yennis | | The Statement of Owner's Equity | | For Month Ended 31 July 2007 | | Benny, capital | | | | | | | 12,600 | | Add: | Net Income | | | | | | 17,750 | | | | | | | | | 30,350 | | | | | | | | | | | Less: | Benny, withdrawls | | | | | | 4,500 | | Benny, Capital, July 31 | | | | | | 25,850 |
| Benny Yennis | | Balance Sheet | | As at July 31,2007 | | Assets | | Cash | | | | | | | | 9100 | | Accounts receivable | | | | | | 7,200 | | Prepaid rent | | | | | | | 2,300 | | Supplies | | | | | | | | 400 | | Equipment | | | | | | 39,900 | | | Less: | Accumulated depreciation | | | | (15,500) | 24,400 | | Total Assets | | | | | | | 43,400 | | | | | | | | | | | Liabilities | | Accounts payable | | | | | | | 3,300 | | Salary payable | | | | | | | 550 | | Unearned service revenue | | | | | | 13,700 | | Total Liabilities | | | | | | | 17,550 | | | | | | | | | | | Equity | | Benny, capital | | | | | | | 25,850 | | Total liabilities and equity | | | | | | 43,400 |
Nearly done the whole cycle still need to+++++++++oil~~~~~~~~~~~~~~ |