Acc280 Financial Accounting: Appendix N - The trial balance for Rebecca's Bakery at April 30

Acc280 Financial Accounting

Appendix N (Preparing a Financial Statement Worksheet)
The trial balance for Rebecca's Bakery at April 30, 2010 is as follows:
Rebecca's Bakery
Trial Balance
April 30, 2010
Debit Credit
Cash 6,760
Accounts Receivable 2,100
Supplies 1,320
Accounts Payable 1,080
Unearned Revenue 360
Common Stock 7,280
Service Revenue 2,100
Salaries Expense 500
Miscellaneous Expense 140
Totals 10,820 10,820

Other Data:
1) A physical count reveals $250 of supplies on hand
2) $200 of the unearned revenue has been earned at month end
3) Accrued salaries are $250 at month end

Instructions
Complete the 10-column worksheet for Rebecca's Bakery on the tab labeled Rebecca's Bakery Worksheet
(a) Enter the adjusting entries on the worksheet
(b) Complete the adjusted trial balance section on the worksheet
(c) Complete the Income Statement section on the worksheet
(d) Complete the Balance Sheet & Statement of Owner's Equity section on the worksheet
(e) Compute the Net Income and enter it in the appropriate columns on the worksheet
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