Southwest Business School
Adjusted Trial Balance
December 31 20XX
Debit ($)
Credit ($)
Cash…………………………………………………………………………………..
26,000
Accounts receivable…………………………………………………………….
7,500
Teaching supplies………………………………………………………………..
2,600
Prepaid insurance………………………………………………………………..
12,000
Prepaid rent…………………………………………………………………………
0
Professional library………………………………………………………………
30,000
Accumulated depreciation—Professional library……………………..
15,000
Equipment…………………………………………………………………………..
70,000
Accumulated depreciation—Equipment………………………………….
28,000
Accounts payable………………………………………………………………..
36,000
Salaries payable…………………………………………………………………..
400
Unearned training fees………………………………………………………….
6,600
Common stock……………………………………………………………………
10,000
Retained earnings………………………………………………………………..
53,600
Dividends……………………………………………………………………………
40,000
Tuition fees earned…………………………………………………………….
1,09,500
Training fees earned………………………………………………………….
42,400
Depreciation expense—Professional library……………………….
6,000
Depreciation expense—Equipment…………………………………….
12,000
Salaries expense………………………………………………………………..
48,400
Insurance expense……………………………………………………………..
3,000
Rent expense……………………………………………………………………..
24,000
Teaching supplies expense………………………………………………..
7,400
Advertising expense…………………………………………………………..
7,000
Utilities expense…………………………………………………………………
5,600
_______
Totals………………………………………………………………………………..
$3,01,500
$3,01,500
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more