STEP: 2 of 2
Calculate and record the net income or net loss. Label the amount in the Account Title column. Total the Income Statement and Balance Sheet
columns.
Repair World
WORK SHEET
For Month Ended December 31, 20--
ACCOUNT TITLE
TRIAL BALANCE
DESIT CREDIT
13,600.00
ADJUSTMENTS
DEEIT CREDIT
INCOME STATEMENT
DEBIT
CREDIT
BALANCE SHEET
DEBIT
CREDIT
13,600.00
1
Cash
150.00
2
2,996.00
150.00
2.996.00
240.00
3
476.00
236.00
4
650.00
130.00
? Petty Cash
Accounts Receivable Stephen Coates
• Supplies
s Prepaid Insurance
Acrounts Payable-Jill Stratton
Isiah Caursen, Capital
Isiah Clausen, Drawing
come Summary
520.00
S
596.00
596.00
6
14,886,00
14,886,007
3.400.00
3.400.00
25
2290
HR
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STEP: 2 of 2
Calculate and record the net income or net loss. Label the amount in the Account Titl...
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