Why isn't Balance sheet balancing? Account Title Trial Balance Debit Teleki Consulting Worksheet for the year ended

Why isn't Balance sheet balancing?

Transcribed Image Text:

Account Title Trial Balance Debit Teleki Consulting Worksheet for the year ended April 30, 2015 Adjustments Credit Debit Credit Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Bank 22,720 Accounts Receivable 13,200 22,720 13,200 22,720 13,200 Allowance for Doubtful Acc. 510 150 660 660 Prepaid Insurance 5,150 2,575 Prepaid Copier Rental 720 233.33 2,575 486.67 2,575 486.67 Supplies 3,670 3,310 360 360 Land 15,000 15,000 15,000 Building 85,000 85,000 85,000 Acc. Amort Building 8,000 2,000 10,000 10,000 Office Furniture 26,700 26,700 26,700 Acc. Amort Office Furniture 10,000 2,500 12,500 12,500 Equipment 20,000 20,000 20,000 Acc. Amort Equipment 14,200 1,740 15,940 15,940 Line of Credit (Long term Liability) 10,500 10,500 10,500 Accounts Payable 9,200 9,200 9,200 Loan Payable (Long Term Liability) 15,700 15,700 15,700 Mortgage Payable 82,000 82,000 82,000 K. Teleki, Capital 17,520 17,520 17,520 K. Teleki, Drawings 24,000 24,000 24,000 Consulting Fees Business Taxes Utilities Expense Office Expense Copier Rental Expense Salaries Insurance Expense 75,900 75,900 75,900 1,800 1,800 1,800 1,470 1,470 1,470 6,700 6,700 6,700 960 233.33 1193.33 1,193 16,440 16,440 16,440 243,530 243,530 2,575 2,575 2,575 Supplies Expense 3,310 3,310 3,310 Amortization Expense - Building Amortization Expense - Office Furniture Amortization Expense - Equipment Bad Debts Expense 2,000 2,000 2,000 2,500 2,500 2,500 1,740 1,740 1,740 150 12508.33 12508.33 150 249,920 Net Income 150 249,920 39878.33 36021.67 75,900.00 75,900.00 75,900 210041.67 174,020 36021.67 210041.67 210041.67 Account Title Trial Balance Debit Teleki Consulting Worksheet for the year ended April 30, 2015 Adjustments Credit Debit Credit Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Bank 22,720 Accounts Receivable 13,200 22,720 13,200 22,720 13,200 Allowance for Doubtful Acc. 510 150 660 660 Prepaid Insurance 5,150 2,575 Prepaid Copier Rental 720 233.33 2,575 486.67 2,575 486.67 Supplies 3,670 3,310 360 360 Land 15,000 15,000 15,000 Building 85,000 85,000 85,000 Acc. Amort Building 8,000 2,000 10,000 10,000 Office Furniture 26,700 26,700 26,700 Acc. Amort Office Furniture 10,000 2,500 12,500 12,500 Equipment 20,000 20,000 20,000 Acc. Amort Equipment 14,200 1,740 15,940 15,940 Line of Credit (Long term Liability) 10,500 10,500 10,500 Accounts Payable 9,200 9,200 9,200 Loan Payable (Long Term Liability) 15,700 15,700 15,700 Mortgage Payable 82,000 82,000 82,000 K. Teleki, Capital 17,520 17,520 17,520 K. Teleki, Drawings 24,000 24,000 24,000 Consulting Fees Business Taxes Utilities Expense Office Expense Copier Rental Expense Salaries Insurance Expense 75,900 75,900 75,900 1,800 1,800 1,800 1,470 1,470 1,470 6,700 6,700 6,700 960 233.33 1193.33 1,193 16,440 16,440 16,440 243,530 243,530 2,575 2,575 2,575 Supplies Expense 3,310 3,310 3,310 Amortization Expense - Building Amortization Expense - Office Furniture Amortization Expense - Equipment Bad Debts Expense 2,000 2,000 2,000 2,500 2,500 2,500 1,740 1,740 1,740 150 12508.33 12508.33 150 249,920 Net Income 150 249,920 39878.33 36021.67 75,900.00 75,900.00 75,900 210041.67 174,020 36021.67 210041.67 210041.67