Date Particular Debit Credit

Insurance Expense 500 (6,000/12months=500monthly)

Prepaid Insurance 500
#
Rent Expense 4,000
Rent Payable 4,000
#
Interest Expense 600 (60,000*18%=10800perannum*20/360=600)
Interest Payable 600
#
Advertisement 2400 (3,600/3months=1,200 monthly * 2 months still unused
Advertising Expense 2400
#
Fees Earned 5000
Unearned Fees 5000
#
Supplies Expense 900 (2,500Beg-1,600End=900used)
Office Supplies 900
#
Depreciation Expense 625 (75,000/10years=7,500 per annum/12months=625 per
Accumulated Depreciation 625
sed)

er month)
 Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Accounts Debit Credit Debit Credit Debit
Cash 78,400.00 78,400.00
Accounts Receivable 8,900.00 8,900.00
Prepaid Insurance 6,000.00 500.00 5,500.00
Office Supplies 2,500.00 900.00 1,600.00
Advertisement 2,400.00 2,400.00
Furniture & Equipment 75,000.00 75,000.00
Accounts Payable 30,000.00
Rent Payable 4,000.00
Interest Payable 600.00
Accumulated Depreciation 625.00
Loans Payable 60,000.00
Lavun, Capital 60,000.00
Lavun, Drawing 12,000.00 12,000.00
Fees Earned 44,400.00 5,000.00
Unearned Fees 5,000.00
Interest Expense 600.00 600.00
Rent Expense 4,000.00 4,000.00
Supplies Expense 900.00 900.00
Insurance Expense 500.00 500.00
Salary Expense 5,500.00 5,500.00
Depreciation Expense 625.00 625.00
Advertising Expense 3,600.00 2,400.00 1,200.00
Utilities Expense 1,000.00 1,000.00
Miscellaneous Expense 1,500.00 1,500.00
Total 194,400.00 194,400.00 14,025.00 14,025.00 199,625.00
Profit/Loss
Grand Total
rial Balance Income Statement Balance Sheet Post Closing Trial Balance
Credit Debit Credit Debit Credit Debit Credit

30,000.00
4,000.00
600.00
625.00
60,000.00
60,000.00

39,400.00 39,400.00
5,000.00
600.00

199,625.00 600.00 39,400.00 - - - -