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Chapter 6 Appendix
The Accounting Cycle: Statements and Closing Entries
MP Consulting
Worksheet
January 31, 2016
Unadjusted
Trial Balance
Adjustments
Adjusted
Trial Balance
Income
Statement
Balance Sheet &
Equity
Account Titles
DR CR
CR
CR
DR CR
DR CR
DR CR
Cash
$3,800
$3,800
$3,800
Accounts Receivable
3,000
$1,000
4,000
4,000
Prepaid Insurance
1,200
$100 1,100
1,100
Equipment
8,300
8,300
8,300
Accumulated Depreciation
$0
150
$150
$150
Accounts Payable
1,250
1,250
1,250
Interest Payable
0
25
25
25
Unearned Revenue
2,000
200
1,800
1,800
Bank Loan
2,500
2,500
2,500
Parish, Capital
10,300
10,300
10,300
Parish, Drawings
2,000
2,000
2,000
Service Revenue
3,300
1,200
4,500
$4,500
Depreciation Expense
0
150
150
$150
Insurance Expense
0
100
100
100
Interest Expense
0
25
25
25
Rent Expense
800
800
800
Telephone Expense
250
250
2
250
1
Total
$19,350 $19,350 $1,475 $1,475 $20,525 $20,525 $1,325 $4,500 $19,200 $16,025
Net Income (Loss)
3
3,175
4
3,175
Total
$4,500 $4,500 $19,200 $19,200
________________
figure 6A.1
