PT.

IPTN
WORK SHEET
For the Month Ended December 31, 20021
Trial Balance Adjustment Adjusted Trial Balance Income Statement
Account Title Debit Credit Debit Credit Debit Credit Debit Credit
Cash 24,300,000 3,125,000 ###
Notes Receivable 8,000,000 8,000,000
Account Receivable 7,500,000 200,000 7,700,000
Merchandise Inventory 4,800,000 4,800,000
Prepaid Insurance 12,600,000 4,600,000 8,000,000
Office Supplies 552,000 420,000 132,000
Store Supplies 710,000 260,000 450,000
Office Equipment 6,500,000 6,500,000
Acc.Depr.Office Equipment 1,200,000 300,000 1,500,000
Store Equipment 8,200,000 8,200,000
Acc.Depr.Store Equipment 720,000 720,000
Automobile 8,800,000 8,800,000
Acc.Depr.Automobile 750,000 440,000 1,190,000
Land 14,500,000 ###
Building ### ###
Account Payable 2,400,000 1,200,000 1,200,000
Notes Payable 1,450,000 1,450,000
Long-Term Liabilities ### ###
Common Stock ### ###
Retained Earnings 6,400,000 6,400,000
Dividend 3,000,000 3,000,000
Sales ### ### ###
Sales Return & Allowances 1,200,000 1,200,000 ###
Sales Discount 600,000 600,000 600,000
Cost Of Goods Sale 25,500,000 ### ###
Sales Salaries Expense 3,050,000 3,050,000 ###
Sales Tax Payable 2,500,000 2,000,000 500,000
Advertising Expense 1,600,000 1,000,000 600,000 600,000
Interest Expense 1,100,000 400,000 700,000 700,000
Rent Income ### ### 8,333,333 8,333,333
### ###
Office Supplies Expense 420,000 420,000 420,000
Store Supplies Expense 260,000 260,000 260,000
Depr.Exp of Office Equipment 300,000 300,000 300,000
Depr.Exp of Automobile 440,000 440,000 440,000
Depr.Exp of Building 5,000,000 5,000,000 ###
Insurance Expense 4,600,000 4,600,000 ###
Prepaid Advertising 1,000,000 1,000,000
Unearned Rent ### ###
Obligation Interest Expense 2,000,000 2,000,000 ###
Interest Income 1,875,000 1,875,000 1,875,000
Acc.Depr of Building 5,000,000 5,000,000
### ### ### ### ### ###
Net Income ###
### ###
 Balance Sheet
Debit Credit
21,175,000
8,000,000
7,700,000
4,800,000
8,000,000
132,000
450,000
6,500,000
1,500,000
8,200,000
720,000
8,800,000
1,190,000
14,500,000
###
1,200,000
1,450,000
60,000,000
59,672,000
6,400,000
3,000,000

500,000
1,000,000
41,666,667

5,000,000
### ###
###
### ###