Question Details

The account balances (in thousands) appearing on the trial balance 




The account balances (in thousands) appearing on the trial balance (below) were taken from the general ledger of Yang Bakery  at October 31.

Additional information (in thousands) for the month of October which has not yet been recorded in the accounts is as follows:
(a)	A physical count of supplies indicates ¥300 on hand at October 31.
(b)	The amount of insurance that expired in the month of October was ¥200.
(c)	Depreciation on equipment for October was ¥400.
(d)	Rent owed on the bakery for the month of October was ¥600 but will not be paid until November.
Instructions
Using the above information, complete the worksheet on the following page for Yang Bakery for the month of October.
YANG BAKERY
Worksheet
For the Month Ended October 31, 2011
	
Trial Balance	
Adjustments	Adjusted
Trial Balance	Income Statement	Statement of
Financial Position
Account Titles	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
Cash	1,000									
Supplies	1,100									
Prepaid Insurance	2,200									
Equipment	24,000									
Accum. Depreciation—  Equipment		
4,500								
Accounts Payable		2,400								
Notes Payable		4,000								
Share capital-ordinary		5,300								
Retained Earnings
Dividends	
2,400	10,000								
 Revenue		4,900								
Utilities Expense	    400		      								
Totals	31,100	31,100								
Supplies Expense										
Insurance Expense										
Depreciation Expense										
Rent Expense										
Rent Payable																		
Totals														
Net Income														
Totals														




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