Exercise 44 Part Level Submission The adjusted trial balance

Exercise 4-4 (Part Level Submission) The adjusted trial balance columns of the worksheet for DeSousa Company are as follows. DESOUSA COMPANY Worksheet (partial) For the Month Ended April 30, 2017 Adjusted Trial Balance Account Titles Dr. Cr. Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense 10,000 7,840 2,280 23,050 4,921 5,700 4,920 20,000 7,960 3,650 15,590 10,840 760 671 57 Depreciation Expense Interest Expense Interest Payable 57 59,148 2 Totals 59,148

Solution

Income Summary Salaries and wages expense 10,840 Service revenue 15,590 Rent expensse 760 Depreciation expense 671 Interest expense 57 Retained earnings 3,262 Balance 0 Retained Earnings Account Dividend Account 3,650 Balance 7,960 Income Summary 3,262 Balance 7,572