Copy of P2-7A

Copy of P2-7A - P2-7A Name Alyssa Jacobs Section 02 Date Reqs 1& 2 a 11,000 b 90,000 i 1,100 j 1,200 Bal 10,700 Cash d 88,000 e 2,200 g 800 k

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Unformatted text preview: P2-7A Name: Alyssa Jacobs Section: 02 Date: 09/05/07 Reqs. 1 & 2 a.) 11,000 b.) 90,000 i.) 1,100 j.) 1,200 Bal. 10,700 Cash d.) 88,000 e.) 2,200 g.) 800 k.) 1,100 L.) 500 f.) 2,100 Accounts Revenue j.) 1,200 Bal. 900 Office Supplies c.) 1,300 Bal. 1,300 Building a.) 49,000 Bal. 49,000 Notes payable b.) 90,000 Bal. 90,000 Dividends L.) 500 Bal. 500 Salary Expense e.) 2,200 Bal. 2,200 h.) 600 Bal. 600 g.) 800 d.) 88,000 Computer Equipment Bal. 88,000 Accounts payable c.) 1,300 h.) 600 Bal. 1,100 Common stock a.) 60,000 Bal. 60,000 Service Revenue f.) 2,100 i.) 1,100 Bal. 3,200 Advertising Expense Rent Expense k.) 700 k.) 400 Utilities Expense Bal. 700 Bal. 400 P2-7A Name: Alyssa Jacobs Section: 02 Date: 09/06/07 Req. 3 Hendrix Computer Graphics Service, Inc. Trial Balance June, 30 2003 ACCOUNT DEBIT Cash Accounts Receivable Office Supplies Computer Equipment Building Accounts Payable Notes Payable Common Stock Dividends Service Revenue Salary Expense Advertising Expense Rent Expense Utilities Expense 10,700 900 1,300 88,000 49,000 1,100 90,000 60,000 500 3,200 2,200 600 700 400 154,300 CREDIT 154,300 Req. 4 Hercules, Inc. Balance Sheet Assets Cash Accounts receivable Office Supplies Building Computer Equipment Total assets *Hendrix was wrong, assets were $58,800 higher then liabilities Hercules, Inc. Income statement Revenues Service Revenue Total Revenue Expenses Salary expense Advertising expense Rent expense Utilities expense Total expenses Net Loss *Yes he has a net loss, and it is a $700 net loss. 3,200 3,200 2,200 600 700 400 3,900 700 Liabilities 10,700 Accounts payable 900 Notes payable 1,300 49,000 88,000 149,900 Total liabilities 1,100 90,000 91,100 ...
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This note was uploaded on 04/01/2008 for the course ACTG 251 taught by Professor Otte during the Fall '07 term at Clarion.

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Copy of P2-7A - P2-7A Name Alyssa Jacobs Section 02 Date Reqs 1& 2 a 11,000 b 90,000 i 1,100 j 1,200 Bal 10,700 Cash d 88,000 e 2,200 g 800 k

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