Tom just started a cleaning business on August 2015 and started the operation

| March 30, 2017

Question
Tom just started a cleaning business on August 2015 and started the operation in September 2015.
The following trial balance was prepared at the end of September 2015.

Wayzata Cleaning, Inc.
Trial Balance
30-Sep-15

Cash
Accounts Receivable
Supplies
Prepaid Rent
Prepaid Insurance
Cleaning Equipment
Truck
Accounts Payable
Unearned Service Revenue
Common Stock
Dividends
Service Revenue
Utility Expense
Advertising Expense
Miscellaneous Expense
Salary Expense
Total

1
2
3
4
5

$
$
$
$
$
$
$

Debit
54,750.00
1,500.00
7,000.00
9,000.00
1,200.00
12,000.00
18,000.00

Credit

$
$
$
$

$

16,600.00
8,000.00
78,000.00
11,000.00

1,000.00

$
600.00
$
500.00
$
50.00
$
8,000.00
$ 113,600.00 $ 113,600.00

Required:
Using the provided worksheet, prepare the company’s Financial Statements using the following steps:
Prepare the un-adjustmented Column
Prepare the adjustments Column
Prepare the adjusted trial balance Column
Prepare the Income Statement columns
Prepare the Statement of Retained Earnings Column
Prepare the Balance Sheet Column

Account

Unadjusted TB
Dr
Cr

Adjustments
Dr
Cr

Adjusted TB
Dr

Cr

Income Statement
Dr
Cr

Cash
Accounts Receivable
Supplies
Prepaid Rent
Prepaid Insurance
Cleaning Equipment
Truck
Accounts Payable
Unearned Service Revenue
Common Stock
Dividends
Service Revenue
Utility Expense
Advertising Expense
Miscellaneous Expense
Salary Expense

Total
Net Income
Total
Ending Retained Earnings
Total

Statement of R/E
Dr
Cr

Balance Sheet
Dr
Cr

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