Steps in preparation of the worksheet Work sheet For Year ended Dec 31 2004 Unadjusted Trial Account Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet 171000 171000 Short-term investment 100000 Accounts Receivable36000 36000 36000 Inte rest receivable 2916.67 2916.67 16.67 Pre paid Expense 20000 10001000 10000 20000 0000 Plant and Equipme 25000 250000 Accumulated Depreciation Step5 2600 Accounts Pava ble 50000 Entry Adjusted Wages payable Une armed Revenue Amounts to 25000.0 Paid Capital 500000 Balance sheet Retained earnings Columns (22683) evenue 3600 61,000 Interest Revenue 2916.67 Cost of sales 30000 30,00 Operating expenses 47600.00 63600063600(15516.675567」676516.6 676516.6 86,600 63.91 63.917 63917587,317 587.317 Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity11 Steps in preparation of the worksheet Account Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Cash 171000 171000 171000 Short-term investment 100000 100000 100000 Accounts Receivable 36000 36000 36000 Interest receivable 2916.67 2916.67 2916.67 Prepaid Expense 20000 10000 10000 10000 Inventory 20000 20000 20000 Plant and Equipmemt 250000 250000 250000 Accumulated Depreciation 2600 2600 -2600 Accounts Payable 50000 50000 50000 Wages payable 35000 35000 35000 Unearned Revenue 50000 25000.00 25000.00 25000 Paid Capital 500000 500000 500000 Retained Earnings (22683) Sales Revenue 36000 25000 61000 61,000 Interest Revenue 2916.67 2916.67 2,917 Cost of Sales 30000 30000 30,000 Operating expenses 9000 47600.00 56600.00 56,600 total 636000 636000 75516.67 75516.67 676516.67 676516.67 86,600 63,917 Net Income (22,683) 63,917 63,917 587,317 587,317 Work Sheet For Year ended Dec.31 2004 Balance Sheet Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Step5: Entry Adjusted Amounts to Balance sheet Columns