The document discusses Global Logistics' 8-column work sheet, which is used to organize financial data and record adjusting entries. It provides examples of adjusting entries for supplies, prepaid insurance, and late invoices. The work sheet columns include the trial balance, adjustments, income statement, and balance sheet. The completed work sheet balances the columns and calculates net income using the "magical number." Journal entries still need to be made to formally record the adjustments in the ledger. The work sheet is an internal tool that helps organize data before producing formal external financial statements.
'Cash Flow Dashboard'. Keep focusing on the indicators that matter to your cash flow management. Dynamic and flexible dashboard, just plug your data. More:https://www.bizinfograph.com/dashboard-templates/53
For more course tutorials visit
www.newtonhelp.com
Reference Chart
Instructions:
Create a chart detailing the three different forms of business
organizations (proprietorships, partnerships, and corporations). Also
include key users of financial information and briefly explain their roles.
Cite 3 peer-reviewed, scholarly, or similar references to support your
HCS 380 Become Exceptional/newtonhelp.combellflower156
For more course tutorials visit
www.newtonhelp.com
Reference Chart
Instructions:
Create a chart detailing the three different forms of business
organizations (proprietorships, partnerships, and corporations). Also
include key users of financial information and briefly explain their roles.
Cite 3 peer-reviewed, scholarly, or similar references to support your
For more course tutorials visit
www.newtonhelp.com
Reference Chart
Instructions:
Create a chart detailing the three different forms of business
organizations (proprietorships, partnerships, and corporations). Also
include key users of financial information and briefly explain their roles.
2014 Balance SheetThe Walt Disney Company (DIS) - ServicesPeriod E.docxeugeniadean34240
2014 Balance SheetThe Walt Disney Company (DIS) - ServicesPeriod Ending3-Oct-1527-Sep-1428-Sep-13AssetsCurrent AssetsCash And Cash Equivalents4,269,000 3,421,000 3,931,000 Short Term Investments- - - Net Receivables8,786,000 8,319,000 7,452,000 Inventory1,571,000 1,574,000 1,487,000 Other Current Assets2,132,000 1,855,000 1,239,000 Total Current Assets16,758,000 15,169,000 14,109,000 Long Term Investments2,643,000 2,696,000 2,849,000 Property Plant and Equipment25,179,000 23,332,000 22,380,000 Goodwill27,826,000 27,881,000 27,324,000 Intangible Assets7,172,000 7,434,000 7,370,000 Accumulated Amortization- - - Other Assets8,604,000 7,629,000 7,209,000 Deferred Long Term Asset Charges- - - Total Assets88,182,000 84,141,000 81,241,000 LiabilitiesCurrent LiabilitiesAccounts Payable7,844,000 7,595,000 6,803,000 Short/Current Long Term Debt4,563,000 2,164,000 1,512,000 Other Current Liabilities3,927,000 3,533,000 3,389,000 Total Current Liabilities16,334,000 13,292,000 11,704,000 Long Term Debt12,773,000 12,631,000 12,776,000 Other Liabilities6,369,000 5,942,000 4,561,000 Deferred Long Term Liability Charges4,051,000 4,098,000 4,050,000 Minority Interest4,130,000 3,220,000 2,721,000 Negative Goodwill- - - Total Liabilities43,657,000 39,183,000 35,812,000 Stockholders' EquityMisc Stocks Options Warrants- - - Redeemable Preferred Stock- - - Preferred Stock- - - Common Stock35,122,000 34,301,000 33,440,000 Retained Earnings59,028,000 53,734,000 47,758,000 Treasury Stock-47,204,000-41,109,000-34,582,000Capital Surplus- - - Other Stockholder Equity-2,421,000-1,968,000-1,187,000Total Stockholder Equity44,525,000 44,958,000 45,429,000 Net Tangible Assets9,527,000 9,643,000 10,735,000Reference:Yahoo! Inc. (2015, December 20). Yahoo! Finance. Retrieved from http://finance.yahoo.com/http://finance.yahoo.com/q/bs?s=DIS+Balance+Sheet&annual
2014 Cash FlowThe Walt Disney Company (DIS) - ServicesPeriod Ending3-Oct-1527-Sep-1428-Sep-13Net Income8,382,000 7,501,000 6,136,000 Operating Activities, Cash Flows Provided By or Used InDepreciation2,354,000 2,288,000 2,192,000 Adjustments To Net Income-426,000-240,000521,000 Changes In Accounts Receivables-211,000-480,000-374,000Changes In Liabilities305,000 440,000 456,000 Changes In Inventories1,000 -81,00051,000 Changes In Other Operating Activities34,000 -151,000-30,000Total Cash Flow From Operating Activities10,909,000 9,780,000 9,452,000 Investing Activities, Cash Flows Provided By or Used InCapital Expenditures-4,265,000-3,311,000-2,796,000Investments166,000 395,000 479,000 Other Cash flows from Investing Activities-146,000-429,000-2,359,000Total Cash Flows From Investing Activities-4,245,000-3,345,000-4,676,000Financing Activities, Cash Flows Provided By or Used InDividends Paid-3,063,000-1,508,000-1,324,000Sale Purchase of Stock-4,754,000-5,515,000-2,995,000Net Borrowings2,705,000 633,000 379,000 .
No. 320 Dividends No. 332 Income Summary No. .pdfconcordpharma
No. 320 Dividends No. 332 Income Summary No. 350
Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No.
711 Insurance Expense No. 722
Prepare a retained earnings statement. (List items that increase retained earnings first.)
Post the closing entries and balance the accounts. (Post entries in the order of journai entries
presented in the previous part)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e.g. -45 or parentheses e.g. (45).)
Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.)
Prepare a classified statement of financial position. (List Current Assets in the reverse order of
liquidity.)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e 8.45 or parentheses e.g.
(To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 (To close dividends)
Post the closing entries and balance the accounts. (Post entries in the order of journal entries
presented in the previous part).
Current Attempt in Progress The completed financial statement columns of the worksheet for
Kingbird Music are shown as follows (amounts in NT\$).
Prepare the closing entries. (Credit account titles are automatically indented when amount is
entered. Do not indent manually. If no entr) is required, select "No Entry" for the account titles
and enter 0 for the amounts.)
Question 4 of 5 (1) 124 112 Accounts Receivable 130 Prepaid Insurance 157 Equipment 158 201
212 311 320 332 400 622 711 722 722 726 726 732 Accumulated Depreciation-Equip. Accounts
Payable Salaries and Wages Payable Share Capital-Ordinary Retained Earnings Dividends
Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense
Salaries and Wages Expense Utilities Expense 11,664 3,024 25,920 4,536 9,720 2,592 16,200
4,860 11,880 64,800 1,836 3,024 1,944 32,400 1,512 Totals 40,71664,800 61,992 37,908
Question 4 of 5 (1) 124 Equity and Liabilities NT\$ NT\$ NT\$.
Question 1The trial balance columns of the worksheet for Cajon.docxIRESH3
Question 1
The trial balance columns of the worksheet for Cajon Company at June 30, 2014, are as follows.
CAJON COMPANY
Worksheet
For the Month Ended June 30, 2014
Trial Balance
Account Titles
Dr.
Cr.
Cash
$4,020
Accounts Receivable
2,440
Supplies
1,900
Accounts Payable
$1,120
Unearned Service Revenue
240
Common Stock
5,000
Service Revenue
3,100
Salaries and Wages Expense
860
Miscellaneous Expense
240
$9,460
$9,460
Other data:
1.
A physical count reveals $500 of supplies on hand.
2.
$100 of the unearned revenue is still unearned at month-end.
3.
Accrued salaries are $250.
Complete the worksheet.
CAJON COMPANY
Worksheet
For the Month Ended June 30, 2014
Trial Balance
Adjustments
Adj. Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr
Cr.
Dr
Cr.
Dr
Cr.
Dr
Cr.
Dr
Cr.
Cash
4,020
Accounts Receivable
2,440
Supplies
1,900
Accounts Payable
1,120
Unearned Service Revenue
240
Common Stock
5,000
Service Revenue
3,100
Salaries and Wages Expense
860
Miscellaneous Expense
240
Totals
9,460
9,460
Supplies Expense
Salaries and Wages Payable
Totals
Net Income
Totals
Click here if you would like to Show
Question 2
Lanza Company had the following adjusted trial balance.
LANZA COMPANY
Adjusted Trial Balance
For the Month Ended June 30, 2014
Adjusted Trial Balance
Account Titles
Debit
Credit
Cash
$3,712
Accounts Receivable
3,904
Supplies
480
Accounts Payable
$1,556
Unearned Service Revenue
160
Common Stock
4,000
Retained Earnings
1,760
Dividends
600
Service Revenue
4,300
Salaries and Wages Expense
1,344
Miscellaneous Expense
180
Supplies Expense
1,900
Salaries and Wages Payable
344
$12,120
$12,120
(a)
Prepare closing entries at June 30, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No.
Account Titles and Explanation
Debit
Credit
1.
(To close revenue account.)
2.
(To close expense accounts)
3.
(To close net income / (loss).)
4.
(To close dividends)
Question 4
Excelsior Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.
Excelsior Amusement Park
Worksheet
For the Year Ended September 30, 2014
Trial Balance
Adjusted Trial Balance
Dr.
Cr.
Dr.
Cr.
Cash
34,400
34,400
Supplies
18,600
2,200
Prepaid Insurance
29,900
10,900
Land
80,000
80,000
Equipment
120,000
120,000
Accumulated Depreciation-Equip.
36,200
42,200
Accounts Payable
14,600
14,600
Unearned Ticket Revenue
3,900
1,000
Mortgage Payable
50,000
50,000
Common ...
'Cash Flow Dashboard'. Keep focusing on the indicators that matter to your cash flow management. Dynamic and flexible dashboard, just plug your data. More:https://www.bizinfograph.com/dashboard-templates/53
For more course tutorials visit
www.newtonhelp.com
Reference Chart
Instructions:
Create a chart detailing the three different forms of business
organizations (proprietorships, partnerships, and corporations). Also
include key users of financial information and briefly explain their roles.
Cite 3 peer-reviewed, scholarly, or similar references to support your
HCS 380 Become Exceptional/newtonhelp.combellflower156
For more course tutorials visit
www.newtonhelp.com
Reference Chart
Instructions:
Create a chart detailing the three different forms of business
organizations (proprietorships, partnerships, and corporations). Also
include key users of financial information and briefly explain their roles.
Cite 3 peer-reviewed, scholarly, or similar references to support your
For more course tutorials visit
www.newtonhelp.com
Reference Chart
Instructions:
Create a chart detailing the three different forms of business
organizations (proprietorships, partnerships, and corporations). Also
include key users of financial information and briefly explain their roles.
2014 Balance SheetThe Walt Disney Company (DIS) - ServicesPeriod E.docxeugeniadean34240
2014 Balance SheetThe Walt Disney Company (DIS) - ServicesPeriod Ending3-Oct-1527-Sep-1428-Sep-13AssetsCurrent AssetsCash And Cash Equivalents4,269,000 3,421,000 3,931,000 Short Term Investments- - - Net Receivables8,786,000 8,319,000 7,452,000 Inventory1,571,000 1,574,000 1,487,000 Other Current Assets2,132,000 1,855,000 1,239,000 Total Current Assets16,758,000 15,169,000 14,109,000 Long Term Investments2,643,000 2,696,000 2,849,000 Property Plant and Equipment25,179,000 23,332,000 22,380,000 Goodwill27,826,000 27,881,000 27,324,000 Intangible Assets7,172,000 7,434,000 7,370,000 Accumulated Amortization- - - Other Assets8,604,000 7,629,000 7,209,000 Deferred Long Term Asset Charges- - - Total Assets88,182,000 84,141,000 81,241,000 LiabilitiesCurrent LiabilitiesAccounts Payable7,844,000 7,595,000 6,803,000 Short/Current Long Term Debt4,563,000 2,164,000 1,512,000 Other Current Liabilities3,927,000 3,533,000 3,389,000 Total Current Liabilities16,334,000 13,292,000 11,704,000 Long Term Debt12,773,000 12,631,000 12,776,000 Other Liabilities6,369,000 5,942,000 4,561,000 Deferred Long Term Liability Charges4,051,000 4,098,000 4,050,000 Minority Interest4,130,000 3,220,000 2,721,000 Negative Goodwill- - - Total Liabilities43,657,000 39,183,000 35,812,000 Stockholders' EquityMisc Stocks Options Warrants- - - Redeemable Preferred Stock- - - Preferred Stock- - - Common Stock35,122,000 34,301,000 33,440,000 Retained Earnings59,028,000 53,734,000 47,758,000 Treasury Stock-47,204,000-41,109,000-34,582,000Capital Surplus- - - Other Stockholder Equity-2,421,000-1,968,000-1,187,000Total Stockholder Equity44,525,000 44,958,000 45,429,000 Net Tangible Assets9,527,000 9,643,000 10,735,000Reference:Yahoo! Inc. (2015, December 20). Yahoo! Finance. Retrieved from http://finance.yahoo.com/http://finance.yahoo.com/q/bs?s=DIS+Balance+Sheet&annual
2014 Cash FlowThe Walt Disney Company (DIS) - ServicesPeriod Ending3-Oct-1527-Sep-1428-Sep-13Net Income8,382,000 7,501,000 6,136,000 Operating Activities, Cash Flows Provided By or Used InDepreciation2,354,000 2,288,000 2,192,000 Adjustments To Net Income-426,000-240,000521,000 Changes In Accounts Receivables-211,000-480,000-374,000Changes In Liabilities305,000 440,000 456,000 Changes In Inventories1,000 -81,00051,000 Changes In Other Operating Activities34,000 -151,000-30,000Total Cash Flow From Operating Activities10,909,000 9,780,000 9,452,000 Investing Activities, Cash Flows Provided By or Used InCapital Expenditures-4,265,000-3,311,000-2,796,000Investments166,000 395,000 479,000 Other Cash flows from Investing Activities-146,000-429,000-2,359,000Total Cash Flows From Investing Activities-4,245,000-3,345,000-4,676,000Financing Activities, Cash Flows Provided By or Used InDividends Paid-3,063,000-1,508,000-1,324,000Sale Purchase of Stock-4,754,000-5,515,000-2,995,000Net Borrowings2,705,000 633,000 379,000 .
No. 320 Dividends No. 332 Income Summary No. .pdfconcordpharma
No. 320 Dividends No. 332 Income Summary No. 350
Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No.
711 Insurance Expense No. 722
Prepare a retained earnings statement. (List items that increase retained earnings first.)
Post the closing entries and balance the accounts. (Post entries in the order of journai entries
presented in the previous part)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e.g. -45 or parentheses e.g. (45).)
Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.)
Prepare a classified statement of financial position. (List Current Assets in the reverse order of
liquidity.)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e 8.45 or parentheses e.g.
(To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 (To close dividends)
Post the closing entries and balance the accounts. (Post entries in the order of journal entries
presented in the previous part).
Current Attempt in Progress The completed financial statement columns of the worksheet for
Kingbird Music are shown as follows (amounts in NT\$).
Prepare the closing entries. (Credit account titles are automatically indented when amount is
entered. Do not indent manually. If no entr) is required, select "No Entry" for the account titles
and enter 0 for the amounts.)
Question 4 of 5 (1) 124 112 Accounts Receivable 130 Prepaid Insurance 157 Equipment 158 201
212 311 320 332 400 622 711 722 722 726 726 732 Accumulated Depreciation-Equip. Accounts
Payable Salaries and Wages Payable Share Capital-Ordinary Retained Earnings Dividends
Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense
Salaries and Wages Expense Utilities Expense 11,664 3,024 25,920 4,536 9,720 2,592 16,200
4,860 11,880 64,800 1,836 3,024 1,944 32,400 1,512 Totals 40,71664,800 61,992 37,908
Question 4 of 5 (1) 124 Equity and Liabilities NT\$ NT\$ NT\$.
Question 1The trial balance columns of the worksheet for Cajon.docxIRESH3
Question 1
The trial balance columns of the worksheet for Cajon Company at June 30, 2014, are as follows.
CAJON COMPANY
Worksheet
For the Month Ended June 30, 2014
Trial Balance
Account Titles
Dr.
Cr.
Cash
$4,020
Accounts Receivable
2,440
Supplies
1,900
Accounts Payable
$1,120
Unearned Service Revenue
240
Common Stock
5,000
Service Revenue
3,100
Salaries and Wages Expense
860
Miscellaneous Expense
240
$9,460
$9,460
Other data:
1.
A physical count reveals $500 of supplies on hand.
2.
$100 of the unearned revenue is still unearned at month-end.
3.
Accrued salaries are $250.
Complete the worksheet.
CAJON COMPANY
Worksheet
For the Month Ended June 30, 2014
Trial Balance
Adjustments
Adj. Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr
Cr.
Dr
Cr.
Dr
Cr.
Dr
Cr.
Dr
Cr.
Cash
4,020
Accounts Receivable
2,440
Supplies
1,900
Accounts Payable
1,120
Unearned Service Revenue
240
Common Stock
5,000
Service Revenue
3,100
Salaries and Wages Expense
860
Miscellaneous Expense
240
Totals
9,460
9,460
Supplies Expense
Salaries and Wages Payable
Totals
Net Income
Totals
Click here if you would like to Show
Question 2
Lanza Company had the following adjusted trial balance.
LANZA COMPANY
Adjusted Trial Balance
For the Month Ended June 30, 2014
Adjusted Trial Balance
Account Titles
Debit
Credit
Cash
$3,712
Accounts Receivable
3,904
Supplies
480
Accounts Payable
$1,556
Unearned Service Revenue
160
Common Stock
4,000
Retained Earnings
1,760
Dividends
600
Service Revenue
4,300
Salaries and Wages Expense
1,344
Miscellaneous Expense
180
Supplies Expense
1,900
Salaries and Wages Payable
344
$12,120
$12,120
(a)
Prepare closing entries at June 30, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No.
Account Titles and Explanation
Debit
Credit
1.
(To close revenue account.)
2.
(To close expense accounts)
3.
(To close net income / (loss).)
4.
(To close dividends)
Question 4
Excelsior Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.
Excelsior Amusement Park
Worksheet
For the Year Ended September 30, 2014
Trial Balance
Adjusted Trial Balance
Dr.
Cr.
Dr.
Cr.
Cash
34,400
34,400
Supplies
18,600
2,200
Prepaid Insurance
29,900
10,900
Land
80,000
80,000
Equipment
120,000
120,000
Accumulated Depreciation-Equip.
36,200
42,200
Accounts Payable
14,600
14,600
Unearned Ticket Revenue
3,900
1,000
Mortgage Payable
50,000
50,000
Common ...
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
2. U4A3 Adjusting Entries and
the Work Sheet
• The work sheet is an informal accounting
form used to help organize all of the
financial data
• There are 8 columns
– Trial Balance DR/CR
– Adjustments DR/CR
– Income Statement DR/CR
– Balance Sheet DR/CR
3. ADJUSTING FOR SUPPLIES
• According to Global Logistics’ trial balance they have
$1480.90 worth of supplies
• However, once a physical inventory was completed on
December 31, 2008 they discovered that they only had
$526.00 worth of supplies on hand
U4A3 Adjusting Entries and
the Work Sheet
4. Global Logistics Work Sheet
Balance Sheet
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
520.51
Accounts Receivable 18475.00
1480.90
6564.00
4196.00
54600.00
52510.00
1240.00
720.00
25000.00
28895.42
Drawings 42000.00
213821.00
3500.00
1951.65
24000.00
1800.00
41951.16
3750.00
65957.20
296466.42 296466.42
Account Payable
Account Titles
Year ended: Dec. 31, 20--
Capital
Bank Loan
GST Recoverable
GST Payable
Bank
Automotive Equipment
Furniture & Equipment
Prepaid Inusrance
Supplies
Wages Espense
Utitlies Expense
Truck Expense
Telephone Expense
Rent Expense
Miscellaneious Expense
Bank Charges Expense
Shipping Revenue
Income
Trial Balance Adjustments Statement
7. ADJUSTING FOR INSURANCE USED
• According to Global Logistics’ trial balance they have
$6564 in prepaid insurance
• They have$4070 remaining in unused insurance
U4A3 Adjusting Entries and
the Work Sheet
8. ADJUSTING FOR INSURANCE USED
20--
Dec. 31 Insurance Expense 2494
Prepaid Insurance 2494
U4A3 Adjusting Entries and
the Work Sheet
9. Global Logistics Work Sheet
Balance Sheet
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
520.51
Account Receivable 18475.00
1480.90 954.90
6564.00 2494.00
4196.00
54600.00
2510.00
1240.00
720.00
25000.00
28895.42
Drawings 42000.00
213821.00
3500.00
1951.65
24000.00
1800.00
41951.16
3750.00
65957.20
271466.42 271466.42
Supplies Expense 954.90
Insurance Expense 2494
Account Payable
Account Titles
Year ended: Dec. 31, 2008
Capital
Bank Loan
GST Recoverable
GST Payable
Bank
Automotive Equipment
Furniture & Equipment
Prepaid Insurance
Supplies
Wages Expense
Utitlies Expense
Truck Expense
Telephone Expense
Rent Expense
Miscellaneous Expense
Bank Charges Expense
Shipping Revenue
Income
Trial Balance Adjustments Statement
10. U4A3 Adjusting Entries and
the Work Sheet
ADJUSTING FOR LATE ARRIVING INVOICES
• Three late invoices in this example
Telephone $ 45
Truck Repair 496
Printer Repair 85
Total $626
11. U4A3 Adjusting Entries and
the Work Sheet
20--
Dec. 31 Telephone expense 45
Truck expense 496
Miscellaneous expense 85
Accounts Payable 626
12. Global Logistics Work Sheet
Balance Sheet
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
520.51
Account Receivable 18475.00
1480.90 954.90
6564.00 2494.00
4196.00
54600.00
2510.00 626.00
1240.00
720.00
25000.00
28895.42
Drawings 42000.00
213821.00
3500.00
1951.65 85.00
24000.00
1800.00 45.00
41951.16 496.00
3750.00
65957.20
271466.42 271466.42
Supplies Expense 954.90
Insurance Expense 2494
Account Payable
Account Titles
Year ended: Dec. 31, 2008
Capital
Bank Loan
GST Recoverable
GST Payable
Bank
Automotive Equipment
Furniture & Equipment
Prepaid Insurance
Supplies
Wages Expense
Utitlies Expense
Truck Expense
Telephone Expense
Rent Expense
Miscellaneous Expense
Bank Charges Expense
Shipping Revenue
Income
Trial Balance Adjustments Statement
13. COMPLETING THE SHEET
• From this point you complete the 8-column worksheet just as you
completed the 6-column worksheet
– Except as you transfer numbers to the correct column you may need to
add or subtract the adjustments into the totals as necessary
• Balance the columns using the “magical” number
• Underline where necessary
14. Global Logistics Work Sheet
Balance Sheet
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
520.51 520.51
Account Receivable 18475.00 18475.00
1480.90 954.90 526.00
6564.00 2494.00 4070.00
4196.00 4196.00
54600.00 54600.00
2510.00 626.00 3136.00
1240.00 1240.00
720.00 720.00
25000.00 25000.00
28895.42 28895.42
Drawings 42000.00 42000.00
213821.00 213821.00
3500.00 3500.00
1951.65 85.00 2036.65
24000.00 24000.00
1800.00 45.00 1845.00
41951.16 496.00 42447.16
3750.00 3750.00
65957.20 65957.20
271466.42 271466.42
Supplies Expense 954.90 954.90
Insurance Expense 2494 2494
4074.90 4074.90 146984.91 213821.00 125107.51 58271.42
66836.09 66836.09
213821.00 213821.00 125107.51 125107.51
Account Payable
Account Titles
Year ended: Dec. 31, 2008
Capital
Bank Loan
GST Recoverable
GST Payable
Bank
Automotive Equipment
Furniture & Equipment
Prepaid Insurance
Supplies
Wages Expense
Utitlies Expense
Truck Expense
Telephone Expense
Rent Expense
Miscellaneous Expense
Bank Charges Expense
Shipping Revenue
Income
Trial Balance Adjustments Statement
Add in your labels for net income(loss) and totals
15. U4A3 Adjusting Entries and
the Work Sheet
• Journalizing and Posting the Adjusting Entries
– All the adjusting entries need to be properly journalized and
posted to the ledger
– Reminder that the work sheet is an informal accounting
document, which means it is only used internally (inside the
company) – it is a tool used the by the accounting dept to
organize data before creating the formal financial
statements.
– Formal statements (I/S, B/S) are used externally (outside the
company)
