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Nolans Home Appraisals

Worksheet

For Month Ended October 31, 20 - -

1		TRIAL BALANCE	TRIAL BALANCE	ADJUSTMENTS	ADJUSTMENTS
2	ACCOUNT TITLE	DEBIT	CREDIT	DEBIT	CREDIT
3	Cash	830.00
4	Accounts Receivable	760.00
5	Supplies	625.00			415.00
6	Prepaid Insurance	950.00			150.00
7	Automobile	6,500.00
8	Accumulated DepreciationAutomobile				250.00
9	Accounts Payable		1,500.00
10	Wages Payable				175.00
11	Val Nolan, Capital		9,900.00
12	Val Nolan, Drawing	1,100.00
13	Appraisal Fees		3,000.00
14	Wages Expense	1,560.00		175.00
15	Advertising Expense	420.00
16	Rent Expense	1,050.00
17	Supplies Expense			415.00
18	Phone Expense	255.00
19	Insurance Expense			150.00
20	Repair Expense	270.00
21	Oil and Gas Expense	80.00
22	Depreciation ExpenseAutomobile			250.00
23		$14,400.00	$14,400.00	$990.00	$990.00

CHART OF ACCOUNTSNolans Home AppraisalsGeneral Ledger

	ASSETS
101	Cash
122	Accounts Receivable
141	Supplies
145	Prepaid Insurance
181	Office Equipment
185.1	Accumulated Depreciation-Automobile

	LIABILITIES
202	Accounts Payable
219	Wages Payable

	EQUITY
311	Val Nolan, Capital
312	Val Nolan, Drawing
313	Income Summary

	REVENUE
401	Appraisal Fees

	EXPENSES
511	Wages Expense
512	Advertising Expense
521	Rent Expense
523	Supplies Expense
525	Phone Expense
535	Insurance Expense
538	Oil and Gas Expense
541	Depreciation Expense-Automobile
549	Miscellaneous Expense

PAGE 3

GENERAL JOURNAL

	DATE	ACCOUNT TITLE	POST. REF.	DEBIT	CREDIT
1		Adjusting Entries
2
3
4
5
6
7
8
9

GENERAL LEDGER

Account: Supplies141Account No.

	DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
						DEBIT	CREDIT
1	Oct. 2		J1	625.00		625.00
2

Account: Prepaid Insurance145Account No.

Account: Accumulated Depreciation-Automobile185.1Account No.

Account: Wages Payable219Account No.

Account: Wages Expense511Account No.

Account: Supplies Expense523Account No.

Account: Insurance Expense535Account No.

Account: Depreciation Expense-Automobile541Account No.

Required:

1.	Journalize the adjusting entries on page 3 of the general journal.
2.	Post the adjusting entries to the general ledger.

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