03 19 W

PIONEER ADVERTISING AGENCY Adjusted Trial Balance October 31, 1999 Account

Debit

Cash $15,200 Accounts Receivable 200 Advertising Supplies 1,000 Prepaid Insurance 550 Office Equipment 5,000 Accumulated Depreciation— Office Equipment Notes Payable Accounts Payable Interest Payable Unearned Revenue Salaries Payable C. R. Byrd, Capital C. R. Byrd, Drawing 500 Service Revenue Salaries Expense 5,200 Advertising Supplies Expense 1,500 Rent Expense 900 Insurance Expense 50 Interest Expense 50 Depreciation Expense 40 $30,190

Credit

PIONEER ADVERTISING AGENCY Income Statement For the Month Ended October 31, 1999 Revenues Service Revenue

$

40 5,000 2,500 50 800 1,200 10,000

Expenses Salaries expense Advertising supplies expense Rent expense Insurance expense Interest expense Depreciation expense

$10,600

$5,200 1,500 900 50 50 40

Total expenses

7,740

Net income

$ 2,860

10,600

$30,190

PIONEER ADVERTISING AGENCY Owner’s Equity Statement For the Month Ended October 31, 1999 C. R. Byrd; Capital, October 1 Add: Investments Net income

$

–0– 10,000 2,860 12,860

Less: Drawings C. R. Byrd, Capital, October 31

John Wiley & Sons, Inc. Accounting Principles, 5e Weygandt Fig. 03.19/W37 5/27/98

500 $12,360