The trial balance columns of the worksheet for Nanduri Company at June 30, 2019, are as follows: Nanduri Company
Worksheet
For the Month Ended June 30, 2019
Trial Balance
Account TitlesDr. Cr.
Cash2,320
Accounts Receivable2,440
Supplies1,880
Accounts Payable 1,120
Unearned Service Revenue 240
Common Stock 3,600
Service Revenue 2,400
Salaries and Wages Expense560
Miscellaneous Expense160
7,3607,360
Other data:

1. A physical count reveals $500 of supplies on hand.

2. $100 of the unearned revenue is still unearned at month-end.

3. Accrued salaries are $210.

Complete the worksheet.

Account TitlesTrial BalanceAdjustmentsAdj. Trial BalanceIncome StatementBalance Sheet
DrCr. DrCr. DrCr. DrCr. DrCr.
Cash2,320
Accounts Receivable2,440
Supplies1,880
Accounts Payable 1,120
Unearned Service Revenue 240
Common Stock 3,600
Service Revenue 2,400
Salaries and Wages Expense560
Miscellaneous Expense160
Totals7,3607,360
Supplies Expense
Salaries and Wages Payable
Totals
Net Income
Totals
Trial Balance:
The income statement and the balance sheet of the company is prepared using the value mentioned on a trial balance. Post-closing trial balance list down all revenue expenses, asset and liability account

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

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