PROBLEM #8

a Office Supplies Expense 12,000

Supplies Expense 12,000

b Dep Ex - Building 76,000

Acc Dep - Building 76,000

c Insurance Expense 20,000

Prepaid Insurance 20,000

d Interest Expense 15,000

Interest Payable 15,000

e Unearned Service Revenue 96,000

Service Revenue 96,000

f Salaries Expense 84,000

Salaries Payable 84,000

g Accounts Receivable 7,800

Service Revenue 7,800
 Moises Dondoyana Information Systems Company
Worksheet
December 31,2010

Unadjusted Trial Balance Adjustments

Account Titles Debit Credit Debit Credit
Cash 45,000
Notes receivable 360,000
Accounts Receivable 156,000
Office supplies 63,000 42,000
Land 300,000
Building 1,590,000
Acc. Dep.- Building 254,000 38,000
Equipment 2,150,000
Acc. Dep.-Equipment 612,000 123,000
Accounts Payable 213,000
Unearned Consulting Revenues 450,000 150,000
Dondoyano, Capital ,1/1/10 2,655,000
Dondoyano,Withdrawals 600,000
Consulting Revenues 2,108,000 150,000
Salaries Expense 875,000 14,000
Repairs Expense 116,000
Miscellaneous Expense 37,000
6,292,000 6,292,000

Adjustments:
Office Supplies expense 42,000
Depreciation expense-building 38,000
Depreciation expense-equipment 123,000
Salaries Payable 14,000
Interest Receivable 24,000
Interest Imcome 24,000
391,000 391,000
NET INCOME
on Systems Company
et
,2010

Adjusted Trial Balance Income Statement Balance Sheet

Debit Credit Debit Credit Debit Credit
45,000 45,000
360,000 360,000
156,000 156,000
21,000 21,000
300,000 300,000
1,590,000 1,590,000
292,000 292,000
2,150,000 2,150,000
735,000 735,000
213,000 213,000
300,000 300,000
2,655,000 2,655,000
600,000 600,000
2,258,000 2,258,000
889,000 889,000
116,000 116,000
37,000 37,000

42,000 42,000
38,000 38,000
123,000 123,000
14,000 14,000
32,000 32,000
32,000 32,000
6,499,000 6,499,000 1,245,000 2,290,000 5,254,000 4,209,000
1,045,000 1,045,000
2,290,000 2,290,000 5,254,000 5,254,000