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Literary Escape Bookshop

Literary Escape Bookshop Literary Escape Bookshop Literary Escape Bookshop
Adjusted Trial Balance as of December, 31 , 2023 Income Statement as of December, 31 , 2023 Financial Position as of December,31 2023
Account Name Dr. Cr. Account Name Partial Total Assets Partial Total Liabilities Amount
Cash 3500 Sales Revenue 400000 Current Assets Current Liabilities
Accounts Receivable 45000 Less: Cash Accounts Payable
Supplies 17000 Sales Discount Accounts Receivable Notes Payable
Inventory 42500 Net Sales Supplies Unearned Revenue
Prepaid Insurance 1500 Less: Inventory Total Current Liabilities
Equipment 67500 Cost of goods sold Prepaid Insurance
Accumulated Depreciation (Equipment) 15000 Gross Profit Total Current Assets Equity
Accounts Payable 16700 Operating Expenses Owners Capital
Notes Payable 3500 Salaries & Wages Expense Fixed Assets
Unearned Revenue 23800 Supplies Expense Equipment
Owners Capital 59700 Depreciation Expense Accumulated Depreciation (Equipment)
Owners Drawings 6000 Rent Expense Net Equipment
Sales Revenue 400000 Utilities Expense
Sales Discount 16500 Interest Expense Total Assets Total Liabilities & Equity
Cost of goods sold 250000 Total Operating Expenses
Salaries & Wages Expense 40500 Net Income
Supplies Expense 10700
Depreciation Expense 1200
Rent Expense 6500 Literary Escape Bookshop
Utilities Expense 7000 Owners Equity as of December, 31 , 2023
Interest Expense 3300 Account Name Amount
Total 518700 518700 Beginning Capital
0 Plus Net Income
minus Net Loss
Minus Owners Drawings
Ending Capital

Prime Law Firm

Prime Law Firm Prime Law Firm Prime Law Firm
Adjusted Trial Balance as of December 31, 2023 Income Statement as of December, 31 , 2023 Financial Position as of December,31 2023
Account name Dr. Cr. Account Name Partial Total Assets Partial Total Liabilities Amount
Cash 55,000 Service Revenue Current Assets Current Liabilities
Land 45000 Operating Expeses Cash Accounts Payable
Accounts receivable 32,000 Salaries and wages expenses Accounts Receivable Notes payable
Prepaid insurance 7,000 Supplies expenses Supplies Interest payable
Supplies 12,000 Depreciation expenses Prepaid Insurance Salaries and wages payable
Equipment 35,000 Rent expenses Unearned service revenue
Accumulated Depreciation (Equipment) 3600 Insurance expenses Total Current Assets 0 Total Current Liabilities 0
Accounts Payable 3,500 Interest expenses
Notes payable 35,000 Total Operating Expenses Fixed Assets Owners Capital
Interest payable 1500 Net Income Land Owners’ capital – partner #1 (30%)
Salaries and wages payable 5,500 Equipment Owner capital partner #2 (70%
Unearned service revenue 9,000 Accumulated Depreciation (Equipment) 0 Total Owners Capital 0
Owners’ capital – partner #1 (30%) 19200 Prime Law Firm
Owner capital partner #2 (70% 44800 Owners Equity as of December, 31 , 2023 Total Fixed Assets 0
Owners Drawings partner #1 (30%) 4,000 Particular Partner # 1 Partner # 2 Total
Service Revenue 144,400 Owners % 30% 70% 100% Total Assets 0 Total Liabilities & Equity 0
Salaries and wages expenses 47,000 Beginning Capital
Supplies expenses 14,000 Net Income
Depreciation expenses 2,500 Less Owners Drawings
Rent expenses 9,000 Ending Capital 0 0 0
Insurance expenses 3500
Interest expenses 500
Total 266,500 266,500
0

AlQuds Charity

Um Ali charity
Adjusted Trial Balance as of December 31, 2023 Um Ali charity
Account name Dr. Cr. Statement of Activity
Cash 14,650 December 31.2023 Um Ali charity
Accounts receivable – subscriptions 23,650 Revenue: For the month ended December 31.2023
Short term investment 3,500 Affiliation fees Assets £ Liabilities £
Prepaid insurance 2,500 Subscription Cash Accounts Payable
Equipment (Net) 28,800 Grants and donations Accounts receivable – subscriptions Unearned- subscriptions
Accounts Payable 12,000 Total Revenue (1) 0 Short term investment
Unearned – subscriptions 13,380 expenses : Equipment (Net)
Beginning Net assets 16,000 Medical expenses Prepaid insurance
Affiliation fees 17,450 Expenses for charitable events Total liabilities 0
Subscription 38,100 Administrative expenses Equity
Grants and donations 13,700 Total expenses (2) Ending ,net Assets 0
Medical expenses 7,000 Change in assets =1-2 Total equity 0
Expenses for charitable events 16,000 +Net Assets , beginning Total assets 0 Total liabilities & equity 0
Administrative expenses 14,530 Net Assets ,ending balance 0
Total 110,630 110,630

adjusting entries

Beta corporation Adusting Adjusted Trial Balance
Unadjusted Trial Balance
December 31.2023 Adjusting entries Beta corporation Beta corporation Beta corporation
Account name Debit Credit Debit Credit Debit Credit Entry Dr Cr Income Statement retained earnings statements Statement of financial position
Cash 11300 1.     Prepaid insurance: December 31.2023 December 31.2023 December 31.2023
Accounts receivable 9700 Service Revenue Beginning retained earnings Assets $ Liabilities $
Prepaid insurance 4900 Operating expenses: + Net income Cash Accounts payable
Supplies 3200 2.     Supplies Salaries and wages expenses -Net loss Accounts receivable Unearned revenue
Equipment 14900 Utilities expenses -Dividends Supplies Salaries & wages payable
Accumulated Depreciation (Equipment) 4500 Depreciation expenses ending retained earnings Prepaid insurance Total liabilities
Accounts Payable 7800 3.     Unearned Revenue Rent expenses Equipment Share capital
Unearned service revenue 2400 Insurance expenses Accumulated depreciation Ending retained earnings
Share capital 12900 Supplies expenses Total equity
Retained earnings – beginning 8100 4. Salaries and wages payable Net profit or net loss Total assets Total liabilities & equity
Dividends 2900
services Revenue 45900
Salaries and wages expenses 15900 5.     Accrued Revenue
Utilities expenses 3000
Depreciation expenses 1900
Rent expenses 13900
Insurance expenses
Supplies expenses
SAlaries and wages PAYABLE
Total 81600 81600 0 0 0 0

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