| | Big Ed's Motorcycle Shop |
| | End of Period Worksheet |
| | For the period ending 12/31/2015 |
| | | Unadjusted Trial Balance | | Adjusting Entries | | Adjusted Trial Balance | | Income Statement | | Balance Sheet |
| | | DR | CR | DR | CR | DR | CR | DR | CR | DR | CR |
| | Cash | 184,500 |
| | Accounts Receivable | 145,200 |
| | Merchandise Inventory, Parts | 100,000 |
| | Merchandise Inventory, Motorcycles | 110,000 |
| | Office Supplies | 6,720 |
| | Prepaid Insurance | 4,080 |
| | Office Equipment | 50,000 |
| | Accumulated Depreciation-Office Equipment | | 7,500 |
| | Store Equipment | 52,000 |
| | Accumulated Depreciation-Store Equipment | | 7,860 | | | | | | | |
| | Shop Equipment | 183,600 |
| | Accumulated Depreciation-Shop Equipment | | 41,040 | | | | | | | |
| | Accounts Payable | | 66,720 |
| | Salaries Payable | |
| | Interest Payable |
| | Note Payable (due 2010) | | 67,200 |
| | Ed Silver, Capital | | 534,180 |
| | Ed Silver, Drawing | 42,000 | |
| | Sales | | 1,488,000 |
| | Cost of Merchandise Sold | 930,000 | |
| | Sales Salaries Expense | 207,840 |
| | Service Salaries Expense | 100,980 |
| | Office Salaries Expense |
| | Advertising Expense | 52,560 |
| | Depreciation Expense-Office Equipment |
| | Depreciation Expense-Store Equipment |
| | Depreciation Expense-Shop Equipment |
| | Miscellaneous Selling Expense | 1,920 |
| | Rent Expense | 37,620 |
| | Insurance Expense | - 0 |
| | Interest Expense |
| | Office Supplies Expense | 1,560 |
| | Miscellaneous Administrative Expense | 1,920 |
| | | 2,212,500 | 2,212,500 |
| | | | | | | | | | | | | |
| | Journal |
| | Adjusting Entries | Debit | Credit | | | | | | | | |
| | | | | | | |
| | Journal |
| | Closing Entries | Debit | Credit |
knohe_
copy_of_week04_student_template.xlsx
