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Copy-of-answer-in-module-3-Hyun-BIn.xlsx - Chart of...

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Chart of Accounts100 Cash400 Service Income110 Accounts Receivable410 Interest Income111 Allowance for Doubtful Accounts Ex500 Salaries Expense120 Note Receivable510 Office Supplies Expense130 Interest Receivable520 Rent Expense140 Office Supplies530 Taxes and Licenses150 Prepaid Rent540 Advertising Expense160 Prepaid Advertising550 Transportation Expense170 Computer Repair Equipment560 Depreciation Expense- Computer Repa171 Accumulated Depreciation- CRE570 Depreciation Expense- Office Furniture180 Office Furniture580 Doubtful Accounts181 Accumulated Depreciation- OF600 Income Summary200 Accounts Payable210 Salaries Payable220 Unearned Service Income300 Hyun Bin Capital310 Hyun Bin Withdrawal
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2018DateAccount Title and ExplanationPRDebitCreditDec 1 CashGL-100500,000Hyun Bin CapitalGL-300500,000Investment of the owner2 Computer Repair EquipmentGL-170250,000CashGL-100150,000Accounts PayableGL-200100,000Purchased computer repair equipment3 Office Supplies ExpenseGL-51025,000CashGL-10025,000Purchased office supplies5 Accounts ReceivableGL-11080,000Service IncomeGL-40080,000Billed customers for services rendered8 Prepaid RentGL-15045,000CashGL-10045,000Paid three months rent10 Taxes and LicenseGL-5308,000CashGL-1008,000Paid taxes and licenses14 CashGL-10050,000Accounts ReceivableGL-11050,000Received partial payment15 Salaries ExpenseGL-50018,000CashGL-10018,000Paid half month salary18 CashGL-10090,000Accounts ReceivableGL-11070,000Service IncomeGL-400160,000Rendered services to customers20 Advertising ExpenseGL-54042,000CashGL-10042,000Paid advertising expense22 Hyun Bin WithdrawalGL-31050,000CashGL-10050,000Withdrawal of the owner
25 Note ReceivableGL-12030,000Accounts ReceivableGL-11030,000Received a note from customer26 CashGL-10025,000Service IncomeGL-40025,000Received cash from customers for servicesto be rendered on Dec. 30, 201828 Transportation ExpenseGL-5504,000CashGL-1004,000Paid the transportation of the staff.31 Office furnitureGL-180120,000Accounts PayableGL-200120,000Purchased office furniture on accountAdjusting EntriesDec 31 Depreciation Expense- Computer R GL-5604,167Accumulated Depreciation- CREGL-1714,167Recognition of depreciationOffice SuppliesGL-1403,000Office Supplies ExpenseGL-5103,000Recognition of office supplies expenseSalaries ExpenseGL-50018,000Salaries PayableGL-21018,000Recognition of salaries expenseDoubtful AccountsGL-5803,500Allowance for Doubtful AccountsGL-1113,500Recognition of doubtful accountsService IncomeGL-40012,000Unearned Service IncomeGL-22012,000Recognition of unearned service incomeInterest ReceivableGL-13060Interest IncomeGL-4106030k*12%*6/360Rent ExpenseGL-52015,000Prepaid RentGL-15015,000
Recognition of rent expensePrepaid AdvertisingGL-16039,462Advertising ExpenseGL-54039,46242000*171/182Closing EntriesDec 31 Service IncomeGL-400253,000Interest IncomeGL-41060Income SummaryGL-600253,060Income SummaryGL-60095,205Salaries ExpenseGL-50036,000Office Supplies ExpenseGL-51022,000Rent ExpenseGL-52015,000Taxes and LicensesGL-5308,000Advertising ExpenseGL-5402,538Transportation ExpenseGL-5504,000Depreciation Expense- Computer GL-5604,167Doubtful AccountsGL-5803,500Income SummaryGL-600157,855Hyun Bin CapitalGL-300157,855Hyun Bin CapitalGL-30050,000Hyun Bin WithdrawalGL-31050,000

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Term
Summer
Professor
Ginny Potter
Tags
1971, Generally Accepted Accounting Principles, 1973, 1946

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