Ily Abella Surveyors
Worksheet
For the Month Ended May 31,2021
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
No. Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
110 Cash 210,000 210,000 210,000
120 Accounts Receivable 930,000 930,000 930,000
130 Prepaid Advertising 360,000 a. 140,000 220,000 220,000
140 Engineering Supplies 270,000 b. 180,000 90,000 90,000
150 Survey Equipment 1,890,000 1,890,000 1,890,000
155 Accumulated Depreciation - Survey Equipment 640,000 c. 160,000 800,000 800,000
210 Accounts Payable 190,000 190,000 190,000
220 Salaries Payable e. 140,000 140,000 140,000
230 Unearned Survey Revenues 120,000 d. 40,000 80,000 80,000
240 Notes Payable 500,000 500,000 500,000
250 Accrued Interest Payable f. 60,000 60,000 60,000
310 Abella, Capital 1,120,000 1,120,000 1,120,000
320 Abella, Withdrawals 700,000 700,000 700,000
410 Survey Revenues 6,510,000 d. 40,000 6,550,000 6,550,000
510 Salaries Expense 3,270,000 e. 140,000 3,410,000 3,410,000
520 Rent Expense 960,000 960,000 960,000
530 Insurance Expense 250,000 250,000 250,000
540 Utilities Expense 160,000 160,000 160,000
550 Engineering Supplies Expense b. 180,000 180,000 180,000
560 Advertising Expense a. 140,000 140,000 140,000
570 Depreciation Expense - Survey Equipment c. 160,000 160,000 160,000
580 Interest Expense f. 60,000 60,000 60,000
590 Miscellaneous Expense 80,000 80,000 80,000
9,080,000 9,080,000 720,000 720,000 9,440,000 9,440,000 5,400,000 6,550,000 4,040,000 2,890,000
Profit 1,150,000 1,150,000
6,550,000 6,550,000 4,040,000 4,040,000