Note Round all figures to whole dollars 050 round up Attache

Note: Round all figures to whole dollars ($0.50 round up) Attached is a partially completed worksheet for A1 Security Systems, Inc., a Hawaii based corporation for year-end 2017 Year-end adjustments have been calculated and are as follows: 1 A1 adjusts Allowance for Bad Debts using the percent of sales method. 2. Expired insurance for the period totaled $6,000. 3. Depreciation for the year totals $45,000. 4 A count of the ending merchandise inventory at December 31, 2017 5. Cash dividends totaling $22,000 were declared on December 31, 2017 The current estimate is 0.6% of years Sales Revenue. resulted in a value of $245,000. A1 uses the perpetual inventory system. and will paid on March 1, 2018. 6. Other revenue earned during the period totaled $19,200.

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A1 Security Systems Inc.
Worksheet
Year ended December 31, 2017
Account	Trial balance	Adjustments	Adjusted Trial Balance	Income statement	Balance Sheet
	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
Cash	155000				155000				155000
Investments	395000				395000				395000
Accounts Receivable	43100				43100				43100
Allowance for bad debts		2300		5370		7670				7670
Merchandise Inventory	252500			7500	245000				245000
Prepaid Insurance	12000			6000	6000				6000
Equipment	585000				585000				585000
Accumulated Depreciation		255250		45000		300250				300250
Accounts Payable		82700				82700				82700
Other Revenue Unearned		34000	19200			14800				14800
Dividends Payable				22000		22000				22000
Common Stock		85000				85000				85000
Paid-in-Capital Common		200000				200000				200000
Retained Earnings		575000	22000			553000				716680
Sales Revenue		895000				895000		895000
Other Revenue		57500		19200		76700		76700
Cost of goods sold	358000		7500		365500		365500
Advertising Expense	13550				13550		13550
Bad debt Expense			5370		5370		5370
Depreciation Expense			45000		45000		45000
Insurance Expense			6000		6000		6000
Rent Expense	50000				50000		50000
Salaries Expense	285050				285050		285050
Utilities Expense	37550				37550		37550
T O T A L	2186750	2186750	105070	105070	2237120	2237120	808020	971700	1429100	1429100
Income Summary							163680
T O T A L	2186750	2186750	105070	105070	2237120	2237120	971700	971700	1429100	1429100