UNADJUSTED TRIAL ADJUSTED TRIAL STATEMENT OF PROFIT STATEMENT OF

ADJUSTMENTS
ACCOUNT TITLES BALANCE BALANCE OR LOSS FINANCIAL POSITION
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Cash on hand 25,000 25,000 25,000
Cash in bank 45,000 45,000 45,000
Accounts receivable 49,000 49,000 49,000
Note receivable 30,000 30,000 30,000
Prepaird insurance 15,000 10,000 5,000 5,000
Machinery and Equipment 150,000 150,000 150,000
Furniture and Fixtures 25,000 25,000 25,000
Accounts Payable 26,000 26,000 26,000
Note Payable 50,000 50,000 50,000
Dila Cros, Capital 132,850 132,850 132,850
Dila Cros, Drawing 5,000 5,000 5,000
Repair Income 275,000 275,000 275,000
Referral income 15,000 15,000 15,000
Salaries expense 45,000 45,000 45,000
Supplies expense 600 200 400 400
Rent expense 55,000 55,000 55,000
Taxes and licenses expense 7,250 130 7,380 7,380
Utilities expense 46,750 46,750 46,750
Interest expense 250 750 1,000 1,000

Doubtful accounts expense 4,900 4,900 4,900

Allowance for doubtful accounts 4,900 4,900 4,900
Insurance expense 10,000 10,000 10,000
Prepaid supplies 200 200 200
Interest receivable 450 450 450
Interest income 450 450 450
DE - Mach & Equip 7,500 7,500 7,500
DE - Fur & Fix 2,250 2,250 2,250
AD- Mach & Equip 7,500 7,500 7,500
AD- Fur & Fix 2,250 2,250 2,250
Interest payable 750 750 750
Taxes payable 130 130 130
498,850 498,850 26,180 26,180 514,830 514,830 180,180 290,450 334,650 224,380
Profit 110,270 110,270
Balance 290,450 290,450 334,650 334,650