Marlon

Robinson

Unadjusted Trial Balance Adjustments

Account Name Dr Cr Dr Cr
Cash $ 60,000.00
Accounts Receivable $ - $ 2,300.00
Teaching Supplies $ 70,000.00 $ 50,000.00
Prepaid Insurance $ 19,000.00 $ 9,500.00
Prepaid Rent $ 3,800.00 $ 3,800.00
Professional Library $ 12,000.00
Accumulated Depreciation
(Professional Library) $ 2,500.00 $ 2,400.00
Equipment $ 40,000.00
Accumulated Depreciation
(Equipment) $ 20,000.00 $ 5,000.00
Accounts Payable $ 11,200.00
Salaries Payable $ - $ 750.00
Unearned Training Fees $ 28,600.00 $ 28,600.00 $ 14,300.00
Common Stock $ 11,000.00
Retained Earnings $ 60,500.00
Dividends $ 20,000.00
Tuition Fees Earned $ 129,200.00 $ 2,300.00
Training Fees Earned $ 68,000.00 $ 14,300.00 $ 28,600.00
Depreciation Expense
(professional library) $ - $ 2,400.00
Depreciation Expense
(Equipment) $ - $ 5,000.00
Salaries Expense $ 44,200.00 $ 750.00
Insurance Expense $ - $ 9,500.00
Rent Expense $ 29,600.00 $ 3,800.00
Teaching Supplies Expense $ - $ 50,000.00
Advertising Expense $ 19,000.00
Utilities Expense $ 13,400.00
Totals $ 331,000.00 $ 331,000.00 $ 116,650.00 $ 116,650.00

Net Income
Totals
 Adjusted Trial Balance Income Statement Balance Sheet
Dr Cr Dr Cr Dr Cr
$ 60,000.00 $ 60,000.00
$ 2,300.00 $ 2,300.00
$ 20,000.00 $ 20,000.00
$ 9,500.00 $ 9,500.00

$ 12,000.00 $ 12,000.00

$ 4,900.00 $ 4,900.00
$ 40,000.00 $ 40,000.00

$ 25,000.00 $ 25,000.00
$ 11,200.00 $ 11,200.00
$ 750.00 $ 750.00
$ 14,300.00 $ 14,300.00
$ 11,000.00 $ 11,000.00
$ 60,500.00 $ 60,500.00
$ 20,000.00 $ 20,000.00
$ 131,500.00 $ 131,500.00
$ 82,300.00 $ 82,300.00

$ 2,400.00 $ 2,400.00

$ 5,000.00 $ 5,000.00
$ 44,950.00 $ 44,950.00
$ 9,500.00 $ 9,500.00
$ 33,400.00 $ 33,400.00
$ 50,000.00 $ 50,000.00
$ 19,000.00 $ 19,000.00
$ 13,400.00 $ 13,400.00
$ 341,450.00 $ 341,450.00 $ 177,650.00 $ 213,800.00 $163,800.00 $ 127,650.00

$ 36,150.00 $ 36,150.00
$ 213,800.00 $ 213,800.00 $163,800.00 $ 163,800.00