Insurance Expense

1. PIONEER ADVERTISING AGENCY Work Sheet For the Month Ended October 31, 1999 Adjusted Trial Balance Adjustments Trial Balance Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash 19,200 Advertising Supplies 2,500 Prepaid Insurance 600 Office Equipment 5,000 Notes Payable 5,000 Accounts Payable 2,500 Unearned Fees 1,200 Insurance Expense Accounts Receivable Interest Expense . Interest Payable Salaries Expense 1 Enter Trial Balance C.R. Byrd, Capital 10,000 C.R. Byrd, Drawings 500 Fees Earned 10,000 Rent Expense 900 Totals 28,700 28,700 Advertising Supplies Expense Salaries Payable Amortization Expense Accumulated Amortization Totals

2. PIONEER ADVERTISING AGENCY Work Sheet For the Month Ended October 31, 1999 Adjusted Trial Balance Adjustments Trial Balance Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash 19,200 Advertising Supplies 2,500 Prepaid Insurance 600 Office Equipment 5,000 2 Enter Adjustments (a) 1,500 (a) 1,500 (b) 50 (b) 50 Notes Payable 5,000 Accounts Payable 2,500 Unearned Fees 1,200 (c) 400 (c) 400 C.R. Byrd, Capital 10,000 (d) 200 (d) 200 C.R. Byrd, Drawings 500 Fees Earned 10,000 Rent Expense 900 Totals 28,700 28,700 Advertising Supplies Expense (e) 25 (e) 25 Insurance Expense Accounts Receivable (f) 5,200 (f) 5,200 Interest Expense Interest Payable (g) 40 (g) 40 Salaries Expense Salaries Payable Amortization Expense Accumulated Amortization Totals 7,415 7,415

3. PIONEER ADVERTISING AGENCY Work Sheet For the Month Ended October 31, 1999 Adjusted Trial Balance Adjustments Trial Balance Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash 19,200 Advertising Supplies 2,500 Prepaid Insurance 600 Office Equipment 5,000 3 Enter Adjusted Trial Balance 19,200 1,000 550 5,000 5,000 2,500 800 10,000 500 10,600 900 1,500 50 200 25 25 5,200 5,200 40 40 (a) 1,500 (b) 50 (c) 400 (c) 400 (d) 200 (a) 1,500 (b) 50 (d) 200 (e) 25 (e) 25 (f) 5,200 (f) 5,200 (g) 40 (g) 40 Notes Payable 5,000 Accounts Payable 2,500 Unearned Fees 1,200 C.R. Byrd, Capital 10,000 C.R. Byrd, Drawings 500 Fees Earned 10,000 Rent Expense 900 Totals 28,700 28,700 Advertising Supplies Expense Insurance Expense Accounts Receivable Interest Expense Interest Payable Salaries Expense Salaries Payable Amortization Expense Accumulated Amortization Totals 7,415 7,415 34,165 34,165

4. PIONEER ADVERTISING AGENCY Work Sheet For the Month Ended October 31, 1999 Adjusted Income Trial Balance Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash 19,200 Advertising Supplies 1,000 Prepaid Insurance 550 Office Equipment 5,000 4 Extend Balances to Financial Statement Columns 19,200 1,000 550 5,000 5,000 2,500 800 10,000 500 10,600 900 1,500 50 200 25 25 5,200 5,200 40 40 Notes Payable 5,000 Accounts Payable 2,500 Unearned Fees 800 C.R. Byrd, Capital 10,000 C.R. Byrd, Drawings 500 Fees Earned 10,600 Rent Expense 900 1,500 Advertising Supplies Expense Insurance Expense 50 Accounts Receivable 200 Interest Expense 25 25 Interest Payable Salaries Expense 5,200 Salaries Payable 5,200 40 Amortization Expense Accumulated Amortization 40 Totals 34,165 34,165 Net Income Totals

5. PIONEER ADVERTISING AGENCY Work Sheet For the Month Ended October 31, 1999 Adjusted Income Trial Balance Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash 19,200 Advertising Supplies 1,000 Prepaid Insurance 550 Office Equipment 5,000 5 Compute Income (Loss) 19,200 1,000 550 5,000 5,000 2,500 800 10,000 500 200 25 5,200 40 Notes Payable 5,000 Accounts Payable 2,500 Unearned Fees 800 C.R. Byrd, Capital 10,000 C.R. Byrd, Drawings 500 Fees Earned 10,600 10,600 Rent Expense 900 900 Advertising Supplies Expense 1,500 1,500 Insurance Expense 50 50 Accounts Receivable 200 25 Interest Expense 25 Interest Payable 25 Salaries Expense 5,200 5,200 Salaries Payable 5,200 40 Amortization Expense 40 Accumulated Amortization 40 Totals 34,165 34,165 7,715 10,600 26,450 23,565 Net Income 2,885 2,885 Totals 10,600 10,600 26,450 26,450