Spongebob Square Pants Inc.
Worksheet
December 31,2023
Account title UTB Adjustments ATB
Debit Credit Debit Credit Debit Credit
Cash 513,500 513,500
Notes receivable 15,000 15,000
A/R 62,000 62,000
Office supplies 69,000 47,000 22,000
Prepaid rent 168,000 49,000 119,000
cooking equipment 800,000 800,000
accounts payable 36,000 36,000
unearned catering fees 45,000 30,000 15,000
Spongebob, equity 1,000,000 1,000,000
Spongebob, withdrawal 100,000 100,000
catering fees 2,215,000 30,000 2,245,000
catering expense 1,130,000 1,130,000
salaries expense 310,000 310,000
utilities expense 88,500 88,500
advertising expense 40,000 40,000
Total 3,296,000 3,296,000
Interest receivable 300 300
Interest income 300 300
Depreciation expense 148,000 148,000
Accumulated depreciation 148,000 148,000
Doubtful acc. expense 1,860 1,860
AFDA 1,860 1,860
rent expense 49,000 49,000
ofice supplies exp 47,000 47,000
Total 276,160 276,160 3,446,160 3,446,160
Profit
Total
quare Pants Inc.
ksheet
er 31,2023
Income Statement Balance Sheet
Debit Credit Debit Credit
513,500
15,000
62,000
22,000
119,000
800,000
36,000
15,000
1,000,000
100,000
2,245,000
1,130,000
310,000
88,500
40,000
300
300
148,000
148,000
1,860
1,860
49,000
47,000
1,814,360 2,245,300 1,631,800 1,200,860
430,940 430,940
2,245,300 2,245,300 1,631,800 1,631,800
Tako Yaki, Catering Service
Statement of Comprehensive Income
For the year ended, December 31,2023
Revenues
Catering Fees 2,245,000
Interest Income 300
Total 2,245,300
Expenses
Catering expense 1,130,000
Salaries expense 310,000
Utilities expense 88,500
Advertising expense 40,000
Depreciation expense 148,000
Doubtful accounts expense 1860
Rent expense 49,000
Office supplies expense 47,000
Total 1,814,360
Profit 430,940
