NAME: Trey Hyre
On June 20 of the current year, Vega Vegas has the following general ledger accounts
and balances. The business uses a monthly fiscal period. A work sheet is giving in the
working papers.
Account titles Account balances
Debit Credit
Cash 2,900.00
Petty Cash 160.00
Account Receivable- Kristen Stewart 520.00
Supplies 900.00
Prepaid Insurance 1,500.00
Account Payable- Swift Supplies 615.00
Lady Gaga, Capital 4,700.00
Lady Gaga, Drawing 480.00
Income summary
Sales 2,700.00
Advertising Expense 470.00
Insurance Expense
Miscellaneous Expense 190.00
Rent Expense 375.00
Supplies Expense
Utilities Expense 520.00
Vega Vegas
Work sheet
June 20
Trial Balance Adjustments Income Statement Balance Sheet
Account Title
Debit Credit Debit Credit Debit Credit Debit Credit
Cash 2,900.00
Petty Cash 160.00
Account 520.00
Receivable-
Taylor Lautner
Supplies 900.00
Prepaid 1,500.00
Insurance
Account 615.00
Payable- Swift
Supplies
Lady Gaga, 4,700.00
Capital
Lady Gaga, 480.00
Drawing
Income
summary
Sales 2,700.00
Advertising 470.00
Expense
Insurance
Expense
Miscellaneous 190.00
Expense
Rent Expense 375.00
Supplies
Expense
Utilities 520.00
Expense
8,015.00 8,015.00