Exercise 4-2


.
.		Trial Balance				Adjustment			Adjusted Trial Balance			Income Statement		Balance Sheet
.		Debit	Credit		Debit	Credit	Debit	Credit		Debit	Credit	Debit	Credit
.	Cash	60					60					60
.	Accounts Receivable	30					30					30
.	Supplies	40		(a)		10	30					30
.	Prepaid Insurance	30		(b)		10	20					20
.	Equipment	100					100					100
.	Accumulated Depreciation - Equipment		20	(c)		10		30					30
.	Accounts Payable		60					60					60
.	Salaries Payable			(d)		10		10					10
.	Linda Mogren, Capital		100					100					100
.	Linda Mogren, Drawing	30					30					30
.	Fees Earned		161					161			161
.	Salaries Expense	11		(d)	10		21			21
.	Rent Expense	40					40			40
.	Supplies Expense			(a)	10		10			10
.	Insurance Expense			(b)	10		10			10
.	Depreciation Expense - Equipment			(c)	10		10			10
.		341	341		40	40	361	361		91	161	270	200