BARNABAS COMPANY

"Barnabas Company "Adjusting Entries "a "Depreciation Expense (equipment "70000 "Accumulated depreciation "70000 "b "Interest Expense (Bonds "20000 "Interest Payable "20000 "c "Insurance Expense "23000 "Prepaid Insurance "23000 "d "Rent Expense "35000 "Prepaid Rent "35000 "e "Salaries and Wages Expense "28000 "Wages Payable "28000 "Balance Sheet "Assets "Salaries Wages Expense "Appear on Income Statement "Current Assets "Sales Revenue "Cash "Prepaid Insurance "Prepaid Rent "Inventory "Property Plant Equipment "Equipment "Liabilities "Current Liabilities "Long-term Liabilities "Bonds Payable "Stockholder 's Equity "Common Stock "Retained Earnings "Cat Dog Company "1 "Cash "6000 "Contributed Capital "6000 "2 "Cash "2000 "1year 12 "Notes Payable "2000 "3 "Cash

"900 "Sales Revenue "900 "4 "Operating Expenses "650 "Cash "650 "5 "Dividends "25 "Cash "25 "Adjusting Entry "Interest Expense "20 "Interest Payable "20 "Cat Dog Company "Income Statement "For the month ended March 31 , 2003 "Revenue "Sales Revenue "900 "Expenses "Operating Expenses "650 "Interest Expense "20 "Total Expenses "670 "Pretax Income "230 "Cat Dog Company "Balance Sheet "At March 31 , 2003 "Assets "Cash "8225 "Total Assets "8225 "Liabilities "Interest Payable "20 "Notes Payable "2000 "Stockholder 's Equity "Retained Earnings "205 "Contriuted Capital "6000 "Total Liab and SE "8225 "Cat Dog Company " Statement of Retained Earnings "For the month ended March 31 , 2003 "Retained Earnings March 1 , 2003 "0 "Net Income "230 "Dividends Distributed "25 "Retained Earnings March 31 , 2003 "205 "Cat Dog Company "Cash Flows Statement "For the month ended March 31 , 2003 "Operating Activities "Net Income "230 "Increase in current Liabilities "20 "Total Cash from Operations "250 "Financing Activities "Increase in Capital "6000 "Dividends Paid "-25 "Increase in Long-term debt "2000 "Total Cash from Financing "7975 "Net Increase in Cash "8225...