UNADJUSTED TRIAL BALANCE

ADJUSTMENTS

ADJUSTED TRIAL BALANCE

INCOME STATEMENT

STATEMENT OF CHANGES IN OWNER'S EQUITY AND BALANCE SHEET

ACCOUNT TITLES

DR

CR

DR

CR

DR

CR

DR

CR

DR

CR

CASH

$ 500.00

$ 500.00

$ 500.00

OFFICE SUPPLIES

$ 100.00

$ 50.00

$ 50.00

$ 50.00

PREPAID INSURANCE

$ 1,200.00

$ 100.00

$ 1,100.00

$ 1,100.00

LAW LIBRARY

$ 3,000.00

$ 3,000.00

$ 3,000.00

OFFICE EQUIPMENT

$ 7,000.00

$ 7,000.00

$ 7,000.00

ACCOUNTS PAYABLE

$ 2,500.00

$ 2,500.00

$ 2,500.00

UNEARNED FEES

$ 2,000.00

$ 400.00

$ 1,600.00

$ 1,600.00

SMITH, CAPITAL

$ 6,500.00

$ 6,500.00

$ 6,500.00

SMITH, WITHDRAWALS

$ 1,000.00

$ 1,000.00

$ 1,000.00

FEES EARNED

$ 4,000.00

$ 800.00

$ 4,800.00

$ 4,800.00

SALARY EXPENSE

$ 1,000.00

$ 350.00

$ 1,350.00

$ 1,350.00

RENT EXPENSE

$ 1,000.00

$ 1,000.00

$ 1,000.00

UTILITY EXPENSE

$ 200.00

$ 200.00

$ 200.00

SUBTOTAL

$15,000.00

$ 15,000.00

INSURANCE EXPENSE

$ 100.00

$ 100.00

$ 100.00

OFFICE SUPPLY EXPENSE

$ 50.00

$ 50.00

$ 50.00

ACCUMULATED AMORTIZATION EXPENSE, LAW LIBRARY

$ 100.00

$ 100.00

$ 100.00

ACCUMULATED AMORTIZATION, LAW LIBRARY

$ 100.00

$ 100.00

$ 100.00

ACCUMULATED AMORTIZATION EXPENSE, EQUIPMENT

$ 100.00

$ 100.00

$ 100.00

ACCUMULATED AMORTIZATION, EQUIPMENT

$ 100.00

$ 100.00

$ 100.00

SALARIES PAYABLE

$ 350.00

$ 350.00

$ 350.00

ACCOUNTS RECEIVABLE

$ 400.00

$ 400.00

$ 400.00

TOTALS

$ 1,500.00

$1,500.00

$15,950.00

$ 15,950.00

$ 2,900.00

$ 4,800.00

$ 13,050.00

$ 11,150.00

$ 1,900.00

$ 1,900.00

$ 4,800.00

$ 13,050.00