| ACT300 Principles of Accounting I |
| Module 3: Critical Thinking Template Option #1 |
| Worksheet |
| BALTIMORE RENTALS CORP Work Sheet For Month Ended December 31, 201X |
| Account | Unadjusted Trial balance | Adjusting entries (1) | Adjusted trial balance (2) | Income statement (3) | Statement of Retained Earnings (3) | Balance Sheet (3) |
| Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit |
| Cash | 3,300 |
| Accounts receivable | 4,000 |
| Supplies | 500 |
| Truck | 8,000 |
| Acc. Dep. - Truck | 0 |
| Accounts payable | 5,000 |
| Unearned rent revenue | 2,400 |
| Income taxes payable | 0 |
| Capital Stock | 7,000 |
| Dividends | 1,000 |
| Rent earned | 16,000 |
| Commissions expense | 1,000 |
| Depreciation expense-truck | 0 |
| Supplies expense | 0 |
| Salaries expense | 7,000 |
| Telephone expense | 0 |
| Income tax expense | 0 |
| Rent expense | 5,600 |
| Totals | 30,400 | 30,400 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 0 | 0 |
| Totals | 0 | 0 | 0 | 0 |
vng225
ACT300_Module3_Option1_Template.xlsx
