Joanne's Daycare

Adjusted Trial Balance

March 31, 2015
Debit Credit

Cash $ 8,250
Accounts Receivable 1,500
Supplies 650
Equipment 18,000
Accumulated Depreciation 600
Interest Payable 45
Notes Payable 9,000
Common Stock 10,000
Retained Earnings 5,000
Dividends 1,500
Child Care Income 8,500
Salaries Expense 2,000
Insurance Expense 250
Depreciation Expense 600
Supplies Expense 350
Interest Expense 45
Totals $ 33,145 $ 33,145
 Joanne's Day Care
Income Statement
For Month Ended March 31
Debit Credit
Revenue
Child Care Income $ 8,500
Expenses
Salaries Expense 2,000
Insurance Expense 250
Depreciation Expense 600
Supplies Expense 350
Interest Expense 45
Total Expenses 3,245
Net Income $ 5,255
 Joanne's Day Care
Statement of Retained Earnings
For Month Ended March 31
Retaine Earnings. March 1 $ -
Plus: Net Income 5,255
5,255
Less: Cash Dividends 1,500
Retained Earnings, March 31 $ 3,755
 Joanne's Day Care
Balance Sheet
31-Mar
Assets Liabilities
Cash $ 8,250 Interest Payable
Accounts Receivable 1,500 Notes Payable
Supplies 650 Total liabilities
Equipment 18,000 Equity
Common Stock
Total Assets $ 28,400 Retained Earnings
Total Equity
Total liabilities & equity
est Payable $ 45
s Payable 9,000
liabilities 9,045

mon Stock 10,000

ned Earnings 3,555
Equity 13,555
liabilities & equity $ 36,155
Salaries Expense 2,000
Insurance Expense 250
Depreciation Expense 600
Supplies Expense 350
Interest Expense 45 Joanne's Daycare -

11%1%

18%

62%
8%

Salaries Expense Insurance Expense

Supplies Expense Interest Expense
e's Daycare - Expenses

11%1%

18%

62%
8%

se Insurance Expense Depreciation Expense

nse Interest Expense