Demo_3-2_2008 - Demo 3-2 Ppd Ins Comp Accum Deprec Unearn...

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Demo 3-2 Cash A/R Supp. Comp. Land = A/P N/P Retained Earnings Event Amount Account 2008 1 Issued stock 3,000 3,000 2 Purch. Computer (2,000) 2,000 3 Paid for supplies (100) 100 4 Paid for insurance (360) 360 5 Rev on acct. 2,800 2,800 consulting rev 6 Collect A/R 2,200 (2,200) 7 Acc'd exp. 1,750 (1,750) operatin exp 8 Paid A/P (900) (900) 9 Collect rev. in adv. 2,880 2,880 10 Paid div'd (200) (200) dividends 11 Purch land (2,460) 2,460 2,060 600 100 360 2,000 2,460 850 2,880 3,000 850 ADJUSTMENTS: 12 Deprec. exp (600) (600) dep exp 13 Supplies exp. (80) 80 14 Insur.exp. (300) 300 15 Rev earned (480) 480 ser rev 2,060 600 20 60 2,000 (220) 2,460 850 2,400 3,000 730 2009 Begin. balances 2,060 600 20 60 2,000 (220) 2,460 850 2,400 3,000 730 1 issued stock 1,000 1,000 2 purchase land (1,500) 1,500 3 purchase supplies (125) 125 4 borrowed 3,000 3,000 5 reissue insur (420) 420 6 rev on acct 4,700 4,700 serv on acct 7 collected AR 4,200 (4,200) 8 accd opert exp 3,300 (3,300) operating exp 9 paid suppliers (2,900) (2,900) 10 dividends (1,800) (1,800) dividends 3,515 1,100 145 480 2,000 (220) 3,960 1,250 2,400 3,000 4,000 330 ADJUSTMENTS: 11 rev earned (2,400) 2,400 rev earned
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