Netsolutions- Work sheet -Two Months Ended 12/31/02 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit CreditDebitCredit Cash 2.065 2.065 2Accounts Receivable 500 720 Supplies 2,000 )1,240760 15 Prepaid Insurance 2,400 (b)1002,300 Land 20,000 20000 18 office Equipment 1800 1800 19Accumulated Depr (f50 50 21 Accounts Payable 900 900 22 Wages Payable 0 (d)250 250 23 Unearned rent 360(c)120 240 31 Capital stock 25,000 25000 33 Dividends 4000 4.000 41 Fees earned 16.340 (e)500 16.840 42 Rent revenue 0 (c)120 120 51 Wages Expense 4,275 (d)250 4,525 52 Rent Expense 1,600 1,600 53Depreciation Expense 0 (n50 54 Utilities Expense 985 985 55 Supplies Expense 800 1,240 2.040 56nsurance Expense 0 b)100 100 59 MiSc. Expense 455 455 4260042600226022604340043400
Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit Credit Debit Credit 11 Cash 2,065 2,065 12Accounts Receivable 2,220 (e) 500 2,720 14 Supplies 2,000 (a) 1,240 760 15Prepaid Insurance 2,400 (b) 100 2,300 17 Land 20,000 20,000 18 Office Equipment 1,800 1,800 19Accumulated Depr. 0 (f) 50 50 21Accounts Payable 900 900 22 Wages Payable 0 (d) 250 250 23 Unearned Rent 360 (c) 120 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 41 Fees Earned 16,340 (e) 500 16,840 42 Rent Revenue 0 (c) 120 120 51 Wages Expense 4,275 (d) 250 4,525 52 Rent Expense 1,600 1,600 53Depreciation Expense 0 (f) 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a) 1,240 2,040 56Insurance Expense 0 (b) 100 100 59 Misc. Expense 455 455 42,600 42,600 2,260 2,260 43,400 43,400 NetSolutions - Work Sheet - Two Months Ended 12/31/02
Netsolutions- Work sheet -Two Months Ended 12/31/99 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit CreditDebitCredit Cash 2.065 2.065 2Accounts Receivable2, 220 (e)500 720 Supplies 2,000 a)1,240760 15 Prepaid Insurance 2,400 (b)1002300 Land 10.000 10000 18 Office Equipment 1800 19Accumulated Depr 000 050180 50 21 Accounts Payable 900 22 Wages Payable (d)250 250 23 Unearned rent 360(c)120 240 31 Capital Stock 15,000 15,000 33 Dividends 4,000 4,000 41 Fees earned 16.340 (e)500 16840 42 Rent revenue 0 (c)120 120 51 Wages Expense (d)250 4,525 52 Rent Expense 1600 16 53Depreciation Expense 0 f50 54 Utilities Expense 985 985 55 Supplies Expense 800 1,240 2.040 56nsurance Expense 0 b)100 100 59 MiSc. Expense 455 455 3260032600226022603340033400
Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit Credit Debit Credit 11 Cash 2,065 2,065 12Accounts Receivable 2,220 (e) 500 2,720 14 Supplies 2,000 (a) 1,240 760 15Prepaid Insurance 2,400 (b) 100 2,300 17 Land 10,000 10,000 18 Office Equipment 1,800 1,800 19Accumulated Depr. 0 (f) 50 50 21Accounts Payable 900 900 22 Wages Payable 0 (d) 250 250 23 Unearned Rent 360 (c) 120 240 31 Capital Stock 15,000 15,000 33 Dividends 4,000 4,000 41 Fees Earned 16,340 (e) 500 16,840 42 Rent Revenue 0 (c) 120 120 51 Wages Expense 4,275 (d) 250 4,525 52 Rent Expense 1,600 1,600 53Depreciation Expense 0 (f) 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a) 1,240 2,040 56Insurance Expense 0 (b) 100 100 59 Misc. Expense 455 455 32,600 32,600 2,260 2,260 33,400 33,400 NetSolutions - Work Sheet - Two Months Ended 12/31/99
Netsolutions- Work sheet -Two Months Ended 12/31/02 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit CreditDebitCredit Cash 2.065 2.065 12Accounts receivable 2,220 (e)500 2,720 Supplies 2.000 (a)1,240760 15 Prepaid Insurance 2,400 (b)1002,300 and 20,000 20.000 18 Office Equipment 1,800 1,800 19Accumulated Depr 0 (f) 50 50 21 Accounts Payable 900 900 22 Wages Payable 0 (d)250 250 23 Unearned rent 360 (c)120 240 31 Capital stock 25,000 25,000 33 Dividends 4.000 4.000 41 Fees earned 16340 (e)500 16840 42 Rent revenue 0 (c)120 120 51 Wages Expense 4,275 (d)250 4,525 52 Rent Expense 1,600 1600 53Depreciation Expense 0 (f50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a)1,240 2,040 56nsurance expense 0 (b)100 100 59 Misc. Expense 455 455 4260042600226022604340043400
11 Cash 2,065 2,065 12Accounts Receivable 2,220 (e) 500 2,720 14 Supplies 2,000 (a) 1,240 760 15Prepaid Insurance 2,400 (b) 100 2,300 17 Land 20,000 20,000 18 Office Equipment 1,800 1,800 19Accumulated Depr. 0 (f) 50 50 21Accounts Payable 900 900 22 Wages Payable 0 (d) 250 250 23 Unearned Rent 360 (c) 120 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 41 Fees Earned 16,340 (e) 500 16,840 42 Rent Revenue 0 (c) 120 120 51 Wages Expense 4,275 (d) 250 4,525 52 Rent Expense 1,600 1,600 53Depreciation Expense 0 (f) 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a) 1,240 2,040 56Insurance Expense 0 (b) 100 100 59 Misc. Expense 455 455 42,600 42,600 2,260 2,260 43,400 43,400 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit Credit Debit Credit NetSolutions - Work Sheet - Two Months Ended 12/31/02
Netsolutions- Work sheet -Two Months Ended 12/31/02 Trial Balance Adjustments Adj. Trial Balance Account I Debit Credit Debit Credit Debit Credit 1cash2.065 2.065 2 Accounts Receivable 2, 220 (e)500 2,720 14 Supplies 2,000 (a)1,240760 15 Prepaid Insurance2,400 (b)1002,300 17Land20.000 20,000 18 Office Equipment 1,800 1.800 19 Accumulated Depr. 0 (f)50 50 21 Accounts Payable 900 900 22 Wages payable 0 (d)250 250 23 Unearned rent 360(c)120 240 31 Capital stock 25,000 25,000 33 Dividends 4.000 4.000 41 Fees earned 16340 (e)500 16.840 42 Rent revenue 0 (c)120 120 51 Wages Expense 4,275 (d)250 4.525 52 Rent Expense 1600 1600 53 Depreciation Expense 0 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a)1,240 2,040 56 Insurance Expense 0 (b)100 100 59 Misc. Expense 455 455 4260042,6002,2602,2604340043,400
11 Cash 2,065 2,065 12 Accounts Receivable 2,220 (e) 500 2,720 14 Supplies 2,000 (a) 1,240 760 15 Prepaid Insurance 2,400 (b) 100 2,300 17 Land20,000 20,000 18 Office Equipment 1,800 1,800 19 Accumulated Depr. 0 (f) 50 50 21 Accounts Payable 900 900 22 Wages Payable 0 (d) 250 250 23 Unearned Rent 360 (c) 120 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 41 Fees Earned 16,340 (e) 500 16,840 42 Rent Revenue 0 (c) 120 120 51 Wages Expense 4,275 (d) 250 4,525 52 Rent Expense 1,600 1,600 53 Depreciation Expense 0 (f) 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a)1,240 2,040 56 Insurance Expense 0 (b) 100 100 59 Misc. Expense 455 455 42,600 42,600 2,260 2,260 43,400 43,400 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit Credit Debit Credit NetSolutions - Work Sheet - Two Months Ended 12/31/02
Netsolutions- Work sheet- Two Months Ended 12/31/02 Adi trial Balance Income statement Balance sheet Account I Debit Credit Debit Credit De bit Credit Cash 2.065 2.065 12Accounts Receivable 2,720 2,720 Supplies 760 760 15 Prepaid Insurance 2,300 2,300 Land 20.000 20.000 18 Office Equipment 1800 1800 19Accumulated Depr 50 50 21 Accounts Payable 900 900 22 Wages Payable 250 250 23 Unearned Rent 240 240 31 Capital Stock 25000 25,000 33 Dividends 4,000 4,000 41 Fees earned 16.840 16.840 42 Rent revenue 120 120 51 Wages Expense 4,525 4.525 52 Rent Expense 1600 1,600 53Depreciation Expense 50 50 54 Utilities Expense 985 985 55 Supplies Expense 2,040 2.040 56nsurance Expense 100 100 59 MiSc. Expense 455 455 _43400434009,75516,960336452644 Net income 7205 7205 _16,96016,9603364533645
Adj. Trial Balance Income Statement Balance Sheet Account Debit Credit Debit Credit Debit Credit 11 Cash 2,065 2,065 12Accounts Receivable 2,720 2,720 14 Supplies 760 760 15Prepaid Insurance 2,300 2,300 17 Land 20,000 20,000 18 Office Equipment 1,800 1,800 19Accumulated Depr. 50 50 21Accounts Payable 900 900 22 Wages Payable 250 250 23 Unearned Rent 240 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 41 Fees Earned 16,840 16,840 42 Rent Revenue 120 120 51 Wages Expense 4,525 4,525 52 Rent Expense 1,600 1,600 53Depreciation Expense 50 50 54 Utilities Expense 985 985 55 Supplies Expense 2,040 2,040 56Insurance Expense 100 100 59 Misc. Expense 455 455 43,400 43,400 9,755 16,960 33,645 26,440 Net Income 7,205 7,205 16,960 16,960 33,645 33,645 NetSolutions - Work Sheet - Two Months Ended 12/31/02