Worksheet - Pt.iptn

PT. IPTN WORK SHEET For the Month Ended December 31, 20021 Adjustment Adjusted Trial Balance Income Statement Trial Balance Account Title Debit Credit Debit Credit Debit Credit Debit Credit Cash 24,300,000 3,125,000 ### Notes Receivable 8,000,000 8,000,000 Account Receivable 7,500,000 200,000 7,700,000 Merchandise Inventory 4,800,000 4,800,000 Prepaid Insurance 12,600,000 4,600,000 8,000,000 Office Supplies 552,000 420,000 132,000 Store Supplies 710,000 260,000 450,000 Office Equipment 6,500,000 6,500,000 Acc.Depr.Office Equipment 1,200,000 300,000 1,500,000 Store Equipment 8,200,000 8,200,000 Acc.Depr.Store Equipment 720,000 720,000 Automobile 8,800,000 8,800,000 Acc.Depr.Automobile 750,000 440,000 1,190,000 Land 14,500,000 ### Building ### ### Account Payable 2,400,000 1,200,000 1,200,000 Notes Payable 1,450,000 1,450,000 Long-Term Liabilities ### ### Common Stock ### ### Retained Earnings 6,400,000 6,400,000 Dividend 3,000,000 3,000,000 Sales ### ### ### Sales Return & Allowances 1,200,000 1,200,000 ### Sales Discount 600,000 600,000 600,000 Cost Of Goods Sale 25,500,000 ### ### Sales Salaries Expense 3,050,000 3,050,000 ### Sales Tax Payable 2,500,000 2,000,000 500,000

Advertising Expense Interest Expense Rent Income

1,600,000 1,100,000 ###

Office Supplies Expense Store Supplies Expense Depr.Exp of Office Equipment Depr.Exp of Automobile Depr.Exp of Building Insurance Expense Prepaid Advertising Unearned Rent Obligation Interest Expense Interest Income Acc.Depr of Building Net Income

1,000,000 400,000 ### ###

600,000 700,000

###

600,000 700,000 8,333,333

420,000 260,000 300,000 440,000 5,000,000 4,600,000 1,000,000

420,000 260,000 300,000 440,000 5,000,000 4,600,000 1,000,000 ###

2,000,000 1,875,000 5,000,000 ### ###

8,333,333 420,000 260,000 300,000 440,000 ### ###

### 2,000,000 1,875,000 5,000,000 ### ###

### 1,875,000 ### ### ###

### ###

Balance Sheet Debit Credit 21,175,000 8,000,000 7,700,000 4,800,000 8,000,000 132,000 450,000 6,500,000 1,500,000 8,200,000 720,000 8,800,000 1,190,000 14,500,000 ### 1,200,000 1,450,000 60,000,000 59,672,000 6,400,000 3,000,000

500,000

1,000,000 41,666,667

### ###

5,000,000 ### ### ###