Problem 4-5A

							              Account Title            Trial Balance                Adjustments                    Adjusted Trial Balance
                                    Debit          Credit   Debit                 Credit           Debit           Credit
Cash                                                                                               30,000.00
Accounts Receivable                                                                                52,000.00
Interest Receivable                                                                                18,000.00
Notes Receivable (due in 90 days)                                                                 168,000.00
Office Supplies                                                                                    16,000.00
Automobiles                                                                                       168,000.00
Accum. Depr.--Automobiles                                                                                          50,000.00
Equipment                                                                                         138,000.00
Accum. Depr.-- Equipment                                                                                           18,000.00
Land                                                                                               78,000.00
Accounts Payable                                                                                                   96,000.00
Interest Payable                                                                                                   20,000.00
Salaries Payable                                                                                                   19,000.00
Unearned Fees                                                                                                      30,000.00
Long-term Notes Payable                                                                                           138,000.00
J. Callahay, Capital                                                                                              255,800.00
J. Callahay, Withdrawals                                                                           46,000.00
Fees Earned                                                                                                       484,000.00
Interest Earned                                                                                                    24,000.00
Depr. Exp.--Automobiles                                                                            26,000.00
Depr. Exp.--Equipment                                                                              18,000.00
Salaries Expense                                                                                  188,000.00
Wages Expense                                                                                      40,000.00
Interest Expense                                                                                   32,000.00
Office Supplies Expense                                                                            34,000.00
Advertising Expense                                                                                58,000.00
Repairs Expense--Automobiles                                                                       24,800.00
Totals                                                                                          1,134,800.00    1,134,800.00




                                                                                  f736b90f-039e-4300-af33-5057744a6f09.xls
% OF NET
 SALES
Profit Margin