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April 19, 2014

Homework Help: accounting

Posted by jimmy on Monday, August 15, 2011 at 12:45am.

1.
Please refer to the worksheet below.


Trial Balance
Adjustments
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
$1,700



$1,700



$1,700

Accounts receivable
8,500

$2,000

10,500



10,500

Supplies
100


$80
20



20

Equipment
7,500



7,500



7,500

Accumulated depreciation

$2,000

240

$2,240



$2,240
Accounts payable

1,200



1,200



1,200
Salary payable

800

180

980



980
Unearned revenue

600



600



600
Capital

3,400



3,400



3,400
Drawing
2,300



2,300



2,300

Service revenue

40,000

2,000

42,000

$42,000


Salary expense
24,000

180

24,180

$24,180



Supplies expense
2,300

80

2,380

2,380



Depreciation expense
1,600

240

1,840

1,840




$48,000
$48,000
$2,500
$2,500
$50,420
$50,420
$28,400
$42,000
$22,020
$8,420







13,600


13,600







$42,000
$42,000
$22,020
$22,020
(Points : 2)
a. $42,000
b.$13,600
c.$22,000
d.$28,200

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