Albanese Company

Worksheet (partial)
For The Month Ended April 30, 2014
Trial Balance Adjustments Adjusted Trial Balance Income Statement Statement of Financial Position
Accounts Title
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash € 7,442.00 € 7,442.00
Accounts Receiveable € 7,840.00 € 7,840.00
Prepaid Rent € 2,280.00 € 2,280.00
Equipment € 23,000.00 € 23,000.00
Accumulated Deprecioation-Equipment ### € 4,800.00 € 4,800.00
Notes Payable ### € 5,700.00 € 5,700.00
Accounts Payable € 5,672.00 € 5,672.00
Share Cpaital-Ordinary € 22,000.00 € 22,000.00
Retained Eranings € 4,000.00 € 4,000.00
Dividends € 3,000.00 € 3,000.00
Service Revenue € 12,590.00 € 12,590.00
Salaries And Wages Expense € 9,840.00 € 9,840.00
Rent Expense € 760.00 € 760.00
Depreciation Expense € 600.00 € 600.00
Interest Expense € 57.00 € 57.00
Interest Payable € 57.00 € 57.00
Totals € 54,819.00 € 54,819.00 € 11,257.00 € 12,590.00 € 43,562.00 € 42,229.00
Net Income € 1,333.00 € 1,333.00
Totals € 12,590.00 € 12,590.00 € 43,562.00 € 43,562.00
 Albanese Company
Income Statement
For The Month Ended April 30, 2014
Revenue
Service Revenue € 12,590.00
Expense
Salaries And Wages Expense € 9,840.00
Rent Expense € 760.00
Depreciation Expense € 600.00
Interest Expense € 57.00
Totals € 11,257.00 € 11,257.00
Net Income € 1,333.00
 Albanese Company
Retained Earnings
For The Month Ended April 30, 2014
Beginning Retained Earnings € 4,000.00
Add : Net Income € 1,333.00
€ 5,333.00
Less : Dividends € 3,000.00
Retained Earnings April 30, 2014 € 2,333.00
 Albanese Company
Retained Earnings
For The Month Ended April 30, 2014
Assets
Current Assets
Cash € 7,442.00
Accounts Receiveable € 7,840.00
Prepaid Rent € 2,280.00 € 17,562.00
Equipment
Equipment € 23,000.00
Less : Accumulated Depreciation-Equipment € 4,800.00 € 18,200.00
Totals € 35,762.00
Equity And Liability
Equity
Share Capital-Ordinary € 22,000.00
Retained Earnings € 2,333.00 € 24,333.00
Liability
Notes Payable € 5,700.00
Accounts Payable € 5,672.00
Interest Payable € 57.00 € 11,429.00
€ 35,762.00