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Lira Consulting Financials FINAL 31mei2023

The document presents the financial statements for Yazici Co. for the month ended October 31, 2025, including a trial balance, income statement, retained earnings statement, and statement of financial position. Key figures include total service revenue of 10,600, total expenses of 7,740, and a net income of 2,860, with retained earnings at 2,360 after accounting for dividends. The closing entries and adjustments are also detailed, reflecting the company's financial activities for the period.

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Nenda Aprilianzi
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4 views5 pages

Lira Consulting Financials FINAL 31mei2023

The document presents the financial statements for Yazici Co. for the month ended October 31, 2025, including a trial balance, income statement, retained earnings statement, and statement of financial position. Key figures include total service revenue of 10,600, total expenses of 7,740, and a net income of 2,860, with retained earnings at 2,360 after accounting for dividends. The closing entries and adjustments are also detailed, reflecting the company's financial activities for the period.

Uploaded by

Nenda Aprilianzi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Account titles Trial Balance Adjustment

Dr. Cr. Dr.


Service Revenue 9880
Depreciation Expense 200
Insurance Expense 120
Rent Expense 1000
Salaries and Wages Expense 3400
Supplies Expense 500
Utilities Expense 200 400

2860

16000 1,200
2860

18860 1,500
40

200
50
Cash 7700 Accounts Payable 4700 50
Accounts Receivable 5100 Unearned Service Revenue 4200
Supplies 1500 Salaries and Wages Payable 400
Prepaid Insurance 2880 Utilities Payable 200
Equipment 12000 Owner's Capital 18860 3,440
Less: Accum. Depreciation -200

28980 28360
Adjustment Adjusted TB Income Statement Statement of FP Post Closing TB
Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
- - -
1,500 - 1,500 - 1,500 - 1,500
50 - 50 - 50 - 50
- - -
- - -
- - -
800 800 800
10,000 10,000 10,000
500 500
400 10,600 10,600
200
5,200 5,200
900 900

1,500 1,500
40 40
40 40 40 40
200 200 200
50 50
50 50
50 50 50 50
1,200 1,200 1,200 1,200
2,360
3,440 6,890 22,690 7,740 10,600 - 850 12,090 - 1,350 14,450
2,860 2,860
10,600 10,600 - 850 14,950
Yazici Co. Yazici Co.
Income Statement Statement of Financial Position
For month ended 31 Oct 2025 For month ended 31 Oct 2025

Service Revenue 10,600 Assets


Equipment
Expenses Less: Acc. Depr. - Equipmen
Salaries Expense 5,200 Prepaid Insurance
Rent Expense 900 Supplies
Supplies Expense 1,500 Account Receivable
Depreciation Exp - Equipment 40 Cash
Insurance Expense 50 Total Assets
Interest Expense 50
Total Expenses 7,740 Equity and Liabilitites
Net Income 2,860 Equity
Share Capital - Ordinary
Retained Earnings
Yazici Co. Liabilities
Retained Earning Statement Notes Payable
For month ended 31 Oct 2025 Account Payable
Interest Payable
Retained Earnings, Oct 1 - Unearned Service Revenue
Add: Net Income 2,860 Salaries Payable
2,860 Total Equity and Liabilities
Less: Dividend 500
Retained Earnings, Oct 31 2,360

Closing entries
31 Oct Service Revenue 10,600 Income Summary
Income Summary 10,600 Dr

Income Summary 7,740 7,740


Salaries Expense 5,200
Rent Expense 900 2,860
Supplies Expense 1,500
Depreciation Exp - Equipment 40
Insurance Expense 50
Interest Expense 50

Income Summary 2,860


Retained Earnings 2,860

Retained Earnings 500


Dividend 500
Service Revenue 10,600
Salaries Expense 5,200
Rent Expense 900
Supplies Expense 1,500
Depreciation Exp - Equipment 40
Insurance Expense 50
Interest Expense 50
Dividend 500
Retained earnings 2,360
Yazici Co.
atement of Financial Position
or month ended 31 Oct 2025

Assets
5,000
Acc. Depr. - Equipmen 40 4,960
aid Insurance 550
1,000
unt Receivable 200
15,200
21,910

Equity and Liabilitites

e Capital - Ordinary 10,000


ned Earnings 2,360 12,360

5,000
unt Payable 2,500
50
arned Service Revenue 800
1,200 9,550
Equity and Liabilities 21,910

Income Summary Retained earnings


Cr. Dr Cr.
10,600 -
2,860
2,860 500
2,360
-

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