Use this adjusted trial balance to prepare the 3 basic financial statements. (Income Statement, Statement of Retained Earnings and Balance Sheet)

SIERRA SYSTEMS

Adjusted Trial Balance

December 31, 2002

	Debit	Credit
Cash	$58,160
Accounts Receivable	5,668
Computer Supplies	580
Prepaid Insurance	1,665
Prepaid Rent	825
Office Equipment	8,000
Accumulated Depreciation-Office Equipment		$400
Computer Equipment	20,000
Accumuated Depreciation-Computer Equipment		1,250
Accounts Payable		1,100
Wages Payable		500
Unearned Computer Services Revenue		1,500
Common Stock		83,000
Retained Earnings		0
Dividends	7,100
Computer Services Revenue		31,284
Depreciation Expense-Office Equipment	400
Depreciation Expense-Computer Equipment	1,250
Wages Expense	3,875
Insurance Expense	555
Rent Expense	2,475
Computer Supplies Expense	3,065
Advertising Expense	2,965
Mileage Expense	896
Miscellaneous Expenses	250
Repairs Expense - Computer	1,305
Totals	$119,034	$119,034