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E4-2

 The adjusted trial balance columns of the worksheet for Goode Company are as follows.

                                                  GOODE COMPANY

                                                                  Worksheet (partial)

                                                      For the Month Ended April 30, 2008

                                                        Adjusted Trial                              Income

                                                             Balance                                 Statement                          Balance Sheet

Account Titles                                 Dr.        Cr.                                Dr.         Cr.                        Dr.               Cr.

Cash                                                   13,752

Accounts Receivable                            7,840

Prepaid Rent                                         2,280

Equipment                                           23,050

Accumulated Depreciation                                4,921

Notes Payable                                                   5,700

Accounts Payable                                              5,672

Common Stock                                                25,000

Retained Earnings                                             5,960

Dividends                                              3,650

Service Revenue                                             15,590

Salaries Expense                                10,840

Rent Expense                                          760

Depreciation Expense                              671

Interest Expense                                        57

Interest Payable                                                     57

Totals                                                   62,900   62,900

Instructions

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.     question 2 

 

 
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