Cash $19,140

Prepaid office rent 3,300

Prepaid dues and subscriptions 960
Supplies 1,300
Equipment 60,000
Accumulated depreciation: equipment $1,800
Notes payable 5,000
Unearned consulting fees 35,650
Capital stock 25,000
Retained earnings 11,040
Dividends 10,000
Consulting fees earned 120,860
Salaries expense 86,900
Telephone expense 2,550
Rent expense 11,000
Miscellaneous expenses 4,200
TOTAL 199,350 199,350
Date Accounts TitIe Debit Credit
31-Dec-10 Rent expense 1100
Prepaid office rent 1100
31-Dec-10 Dues and subscriptions expense 250
Prepaid dues and subscriptions 250
31-Dec-10 Supplies Expense 850
Supplies 850
31-Dec-10 Depreciation Expense 250
Accumulated depreciation: equipment 250
31-Dec-10 nterest Expense 100
nterest Payable 100
31-Dec-10 Consulting fees earned 32550
Consulting fees Revenue 32550
31-Dec-10 Engineering Services Rendered 4000
Accounts Receivables 4000
31-Dec-10 Salaries expense 2200
Salaries Payable 2200
31-Dec-10 ncome Tax Expense 17920
Accounts Payable 17920
Total 59220 59220
Cash $19,140
Prepaid office rent 2,200
Rent expense 1,100
Prepaid dues and subscriptions 710
Dues and subscriptions expense 250
Supplies 450
Supplies Expense 850
Equipment 60,000
Depreciation Expense 250
Accumulated depreciation: equipment $2,050
Notes payable 5,000
nterest Expense 100
nterest Payable 100
Unearned consulting fees 35,650
Capital stock 25,000
Retained earnings 11,040
Dividends 10,000
RAYMOND GEOPHYSCAL COMPANY
Adjusted Trial Balance
31-Dec-10
RAYMOND GEOPHYSCAL COMPANY
Trial Balance
31-Dec-10
Adjusting Entries
Consulting fees earned 88,310
Consulting fees Revenue 32,550
Engineering Services Rendered 4000
Accounts Receivables 4000
Salaries expense 89,100
Salaries Payable 2200
ncome Tax Expense 17,920
Accounts Payable 17,920
Telephone expense 2,550
Rent expense 11,000
Miscellaneous expenses 4,200
TOTAL
223,820 223,820