James khan distributing

worksheet
december 31,20
trial balance adjustments
Dr. (Cr.) Dr.
Cash 56,700.00
Account receivable 371,000.00
Inventoy 1,905,000.00
Supplies 39,300.00
Prepaid rent 60,000.00
Furniture and fixtures 265,000.00
Accumulated Depreciation 212,000.00
Accounts payable 463,400.00
Salary payable
Interest payable
Unearned sales revenue 35,000.00 24,000.00
note payable,long term 350,000.00
James khan capital 1,536,800.00
james khan withdrawals 480,000.00
sales revenue 3,467,000.00
sales discounts 103,000.00
sales return & allowance 82,000.00
purchases 1,759,000.00
purchase discount 60,000.00
purchase return & allowance 74,300.00
transportaion-out 93,000.00

salary expence 827,500.00 13,000.00

rent expense 70,000.00 10,000.00
depreciation expense 26,500.00
utilities expense 58,000.00
supplies expense 13,500.00
interest expense 29,000.00 6,000.00
total 6,198,500.00 6,198,500.00
profit
 James khan distributing company
worksheet
december 31,2006
adjustments adjusted income statement
(Cr.) Dr. (Cr.) Dr. (Cr.)
56,700.00
371,000.00
1,905,000.00 1,905,000.00 1,958,000.00
13,500.00 25,800.00
10,000.00 50,000.00
265,000.00
26,500.00 238,500.00
463,400.00
13,000.00 13,000.00
6,000.00 6,000.00
11,000.00
350,000.00
1,536,800.00
480,000.00
24,000.00 3,491,000.00 3,491,000.00
103,000.00 103,000.00
82,000.00 82,000.00
1,759,000.00 1,759,000.00
60,000.00 60,000.00
74,300.00 74,300.00
93,000.00 93,000.00
-
-
840,500.00 840,500.00
80,000.00 80,000.00
26,500.00 26,500.00
58,000.00 58,000.00
13,500.00 13,500.00
35,000.00 35,000.00
6,244,000.00 6,244,000.00 4,995,500.00 5,583,300.00
587,800.00
5,583,300.00
 balance sheet
Dr. (Cr.)
56,700.00
371,000.00
1,958,000.00
25,800.00
50,000.00
265,000.00
238,500.00
463,400.00
13,000.00
6,000.00
11,000.00
350,000.00
1,536,800.00
480,000.00

3,206,500.00 2,618,700.00
587,800.00
3,206,500.00