Harbor Realty Trial Balance PDF
Document Details
Uploaded by BenevolentMusicalSaw
Universiti Putra Malaysia
2003
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Summary
This document is a past paper for a course in accounting. It details a trial balance for Harbor Realty for July 31, 2003. The document also contains instructions for preparing adjusting journal entries, an adjusted trial balance, an income statement, a statement of owner's equity, and a balance sheet.
Full Transcript
# Harbor Realty ## Trial Balance ## July 31, 2003 | Account | Debit | Credit | |---|---|---| | Cash | RM3,425.00 | | | Accounts Receivable | RM700,000.00 | | | Supplies | RM127,000.00 | | | Prepaid Insurance | RM62,000.00 | | | Office Equipment | RM5,165,000.00 | | | Accumulated Depreciation |...
# Harbor Realty ## Trial Balance ## July 31, 2003 | Account | Debit | Credit | |---|---|---| | Cash | RM3,425.00 | | | Accounts Receivable | RM700,000.00 | | | Supplies | RM127,000.00 | | | Prepaid Insurance | RM62,000.00 | | | Office Equipment | RM5,165,000.00 | | | Accumulated Depreciation | | RM970,000.00 | | Accounts Payable | | RM92,500.00 | | Wages Payable | | RM0.00 | | Unearned Fees | | RM12,500.00 | | Tahir, Capital | | RM2,900,000.00 | | Tahir, Drawing | RM520,000.00 | | | Fees Earned | | RM5,912,500.00 | | Wages Expense | RM22,415.00 | | | Depreciation Expense | RM0.00 | | | Rent Expense | RM420,000.00 | | | Utilities Expense | RM27,150.00 | | | Supplies Expense | RM0.00 | | | Insurance Expense | RM0.00 | | | Miscellaneous Expense | RM15,050.00 | | ## Instructions 1. Prepare the necessary adjusting journal entries. 2. Determine the balance of the accounts affected by the adjusting entries and prepare an adjusted trial balance. 3. Prepare an income statement, a statement of owner's equity (no additional investments were made during the year), and a balance sheet. 4. Journalize the closing entries.
