03 20 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

John Wiley & Sons, Inc. Accounting Principles, 5e Weygandt Fig. 03.20/W38 5/27/98

Credit

$

40 5,000 2,500 50 800 1,200 10,000 10,600

$30,190

PIONEER ADVERTISING AGENCY Balance Sheet October 31, 1999 Assets Cash Accounts receivable Advertising supplies Prepaid insurance Office equipment $5,000 Less: Accumulated depreciation 40 Total assets

$15,200 200 1,000 550 4,960 $21,910

Liabilities and Owner’s Equity Liabilities Notes payable Accounts payable Interest payable Unearned revenue Salaries payable Total liabilities Owner’s equity C. R. Byrd, Capital Total liabilities and owner’s equity Capital Balance at Oct. 31 from Owner’s Equity Statement in Illustration 3-19

$ 5,000 2,500 50 800 1,200 9,550 12,360 $21,910