Westhampton Beach High School-Accounting
To: Period 7 Accounting Students
From: Mrs. Taylor
Date: Friday, May 2, 2014
Re: Work Sheet for Encore Music
Today, you will be completing a work sheet for Encore Music. Encore Music’s fiscal period is monthly; therefore this work sheet
should show the month ending August 31, 2014. You must complete the following tasks:
1.
2.
3.
4.
5.
6.
7.
Prepare the heading and trial balance on the electronic worksheet provided. Total and rule the Trial Balance columns.
Analyze the following adjustment information into debit and credit parts. Record the adjustments on the work sheet.
o Adjustment Information, August 31
 Supplies Inventory; $2,817.00
 Value of prepaid insurance; $1,100.00
Total and rule the Adjustments columns.
Extend the up-to-date balances to the Balance Sheet and Income Statement columns.
Rule a single line across the Income Statement and Balance Sheet columns. Total each column. Calculate and record he net
income or net loss. Label the amount in the Account Title column.
Total and rule the Income Statement and Balance Sheet columns.
A journal and general ledger accounts have also been provided. The general ledger accounts do not show all details for this
particular fiscal period ending August 31, 2014. The balance shown in each account is the account’s balance before
adjusting entries are posted. Journalize and post the adjusting entries.
Upon completing today’s chapter 6-review assignment, please be sure to complete, print, staple, and hand in the following
documents for Encore Music:
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
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Work Sheet
Journal (only journalize the adjusting entries)
General Ledger
The following information is given from Encore Music’s Chart of Accounts:
Memo
2
Account Titles
Cash
Petty Cash
Accounts Receivable – Kids Time
Accounts Receivable – Learn N Play
Supplies
Prepaid Insurance
Accounts Payable – Ling Music Supply
Accounts Payable – Sullivan Office Supply
Barbara Trevino, Capital
Barbara Trevino, Drawing
Income Summary
Sales
Advertising Expense
Insurance Expense
Miscellaneous Expense
Rent Expense
Supplies Expense
Utilities Expense
Account Balances
Debit
$8,272.00
$200.00
$100.00
$20.00
$4,751.00
$1,200.00
Credit
$1,360.00
$20.00
$10,000.00
$600.00
$4,411.00
$273.00
$10.00
$250.00
$115.00