CK P03 - Student Name Cassidy Kottke Class Morning Problem...

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Student Name: Cassidy Kottke Class: Morning Problem 03-03A WELLS TECHNICAL INSTITUTE T-Accounts Parts 1 and 2 Cash Equipment Unadj. Bal. 34,000 Unadj. Bal. 80,000 Bal. 34,000 Bal. 80,000 Correct! Correct! Accounts Receivable Accumulated Depreciation - Equipm Unadj. Bal. 0 Unadj. Bal. f 7,500 c Adj. Bal. 7,500 Adj. Bal. Correct! Teaching Supplies Accounts Payable Unadj. Bal. 8,000 Bal. (b) 5,200 Adj. Bal. 2,800 Bal. Correct! Prepaid Insurance Salaries Payable Unadj. Bal. 12,000 Unadj. Bal. (a) 2,400 g Adj. Bal. 9,600 Adj. Bal. Correct! Prepaid Rent Unearned Training Fees Unadj. Bal. 3,000 Unadj. Bal. h 3,000 e 5,000 Adj. Bal. 0 Adj. Bal. Correct! Professional Library T. Wells, Capital Bal. 35,000 Bal. Bal. 35,000 Bal. Correct! Accumulated Depreciation-Professional Library T. Wells, Withdrawals Unadj. Bal. 10,000 Bal. 50,000 (d) 7,200 Adj. Bal. 17,200 Bal. 50,000 Correct! Correct!
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Student Name: Cassidy Kottke Class: Morning Problem 03-03A Tuition Fees Earned Rent Expense Unadj. Bal. 123,900 Unadj. Bal. 33,000 f 7,500 h 3,000 Adj. Bal. 131,400 Adj. Bal. 36,000 Correct! Correct! Training Fees Earned Teaching Supplies Expense Unadj. Bal. 40,000 Unadj. Bal. 0 e 5,000 (b) 5,200 Adj. Bal. 45,000 Adj. Bal. 5,200 Correct! Correct! Depreciation Expense-Professional Library Advertising Expense Unadj. Bal. 0 Bal. 6,000 (d) 7,200 Adj. Bal. 7,200 Bal. 6,000 Correct! Correct! Depreciation Expense-Equipment Utilities Expense Unadj. Bal. 0 Bal. 6,400 © 13,200 Adj. Bal. 13,200 Bal. 6,400 Correct! Correct! Salaries Expense Unadj. Bal. 50,000 g 400 Adj. Bal. 50,400 Correct! Insurance Expense Unadj. Bal. 0 (a) 2,400 Adj. Bal. 2,400 Correct!
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Student Name: Cassidy Kottke Class: Morning Problem 03-03A WELLS TECHNICAL INSTITUTE General Journal Adjustment Date Account Titles no. Debit Credit Dec 31 Adjusting Entries: Insurance Expense (a) 2,400 Prepaid Insurance 2,400 Correct! To record the insurance expired. Teaching Supplies Expense (b) 5,200 Teaching Supplies 5,200 Correct! To record supplies used. Depreciation Expense-Equipment (c) 13,200 Accumulated Depreciation-Equipment 13,200 Correct! To record equipment depreciation. Depreciation Expense-Profess. Library (d) 7,200 Accumul. Depreciation-Profess. Library 7,200 Correct! To record professional library depreciation.
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