Bxercse 9-1 Worksheet Preparation el ans of REALTY Deen 31,201 a8 J&TREALTY ‘Til Balance December 31,2011 ‘Account Title Debit cash 19,000 ‘Accounts Receivable 73,100 Prepaid Inswance 22,000 ‘Supplies on Hand 3.400 Furniture 75830 ‘Accumulated Depression ~ Furmire Buildings 750,000 ‘Accumulated Depevation- ‘Commision Revenve Salaries Expense ilies Expense Advertsing Expense ‘Tot ona information: “Ten percent ofthe accounts receivables doubtful of collin 1 Prepad insurance in fore at December 31,2011 amounted 0 P7500. es physical count, supplies stil on hand ttle P4100, “The company bilng was purchased on Jly 1, 2010 and rtimatd tobe useful for 25 years with salvage vale of 20000, Depreciation for 2011 has not been recorded Furniture was purchased on March 12010 and estimate to the wseful for 10 year wth salvage vale is P1200, Included in the commission revenue ste amount of 27,100 representing advance collection of commission ‘Twos of the amount has already Dee care a ear nd. Required Prepare ter-column worksheet forJ&T REALTY for the yar ended Desember 31,2011 oumalze the adjusting eis on Desember 31,201] Prepare the flowing Financial statements 1, Income Statement by Sttament of Owner's Eauity Statement of Financial Position 44. Notes to Foanclal Statements