Acct Hw 6 - Black 1 4-1A: Account Title Accts Receivable...

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Black 1 4-1A: Account Title Increase Decrease Accts Receivable debit credit Accts Payable credit debit Common stock credit debit Land debit credit Interest Expense debit credit Accumu. Depreciation credit debit Unearned Rev credit debit Service Rev credit debit Retained Earnings credit debit Insurance Expense credit debit 4-7A:
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Black 2 Assets = Liabilities = Owners' Equity Cash Accts Payable Common Stock Debit Credit Debit Credit Debit Credit (1) 50000 (2) 28000 (7) 8500 (1) 50000 (6) 78000 (4) 64000 Bal. 8,500 Bal. 50,000 (5) 12000 (7) 8500 Dividends (8) 5000 Debit Credit Bal. 10,500 (8) 5000 Equipment Revenue Debit Credit Debit Credit (2) 28000 (3) 90000 Bal. 28,000 Salaries Expense Accts Receivable Debit Credit Debit Credit B) Total assets = $38,000.00 (4) 64000 (3) 90000 (6) 78000 Bal. 12,000 C) Net Income = $15,500.00 Supplies Expense Debit Credit (10) 10500 Supplies Debit Credit (5) 12000 (10) 10500 Depreciation Expense Bal. 1,500 Debit Credit (9) 7000 Accum. Depreciation Debit Credit (9) 7000 Chang Company
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Black 3 Trial Balance December 31, 2004 Debit Credit Common Stock $25,000.00 Salaries Expense $16,000.00 Office Supplies $1,800.00 Advertising Expense $2,500.00 Retained Earnings $46,200.00 Unearned Revenue $18,000.00 Office Equipment $42,000.00 Accounts Receivable $6,500.00 Accumulated Depreciation $16,000.00 Cash $60,000.00 Service Revenue $76,000.00 Dividends $5,000.00 Depreciation Expense
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This homework help was uploaded on 04/09/2008 for the course ACCT 221 taught by Professor Catherinewest during the Fall '06 term at UMass (Amherst).

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Acct Hw 6 - Black 1 4-1A: Account Title Accts Receivable...

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