Net Income Trial Balance Sheet
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Brad’s Graphic Arts Trial Balance October 31, 2005 Account Title Cash Accounts Receivable Office Supplies Equipment Furniture and Fixtures Bank Loan Accounts Payable Common Stock Services Revenue Rent Expense Office Supplies Used Telephone expense Salaries Expense Utilities Expense Debit Credit 7,300 5,600 1,300 10,200 6,300 5,500 4,800 15,000 18,500 3,300 4,300 1,800 2,500 1,200 43,800 43,800 Copyright 2006 Money Instructor Name Date Brad’s Graphic Arts Income Statement For the month ended October 31, 2005 Revenue Services Revenue 18,500 Expenses Rent Expense Office Supplies Used Utilities Expense Telephone expense Salaries Expense 3,300 4,300 1,200 1,800 2,500 Total Expenses 13,100 5,400 Net Income Brad’s Graphic Arts Balance Sheet As at October 31, 2005 Assets 7,300 5,600 1,300 10,200 6,300 30,700 Cash Accounts Receivable Office Supplies Equipment Furniture and Fixtures Total Assets Liabilities Bank Loan Accounts Payable 5,500 4,800 10,300 Equity Common Stock Net Income Total Liabilities and Equity 15,000 5,400 20,400 30,700 Copyright 2006 Money Instructor.
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