Copy of ACC 201 Accounting Cycle Workbook

Copy of ACC 201 Accounting Cycle Workbook - Asset Accounts...

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Asset Accounts Acct # Cash 101 Baking Supplies 102 Prepaid Rent 103 Prepaid Insurance 104 Baking Equipment 105 Misc. Supplies 106 Accounts Receivable 107 Accumulated Depreciation 108 This chart of accounts should help you identify the appropria journaling transactions for this workbook. There is nothing to for you.
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Liability Accounts Equity Accounts Acct # Notes Payable 201 Common Stock Accounts Payable 202 Dividends Wages Payable 203 Interest Payable 204 Revenue Accounts Bakery Sales Merchandise Sales Expense Accounts Baking Supplies Expense Rent Expense Insurance Expense Misc. Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Interest Expense Depreciation Expense Misc. Supplies Expense ate accounts to record to as you are analyzing and o complete on this page; this is simply a resource
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Acct # 301 302 Acct # 401 402 Acct # 501 502 503 504 505 506 507 508 509 510 511
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Peyton Approved General Journal Entries Jul-14 Date Accounts Debit Credit 1-Jul Cash 15,000.00 Common Stock 15,000.00 Contributed cash for common stock 1-Jul Cash 8,500.00 Supplies Expence 8,500.00 3-Jul Cash 10,000.00 Interest Expence 10,000.00 7-Jul Prepaid Rent Expence 3,000.00 Accounts Rec. 3,000.00 10-Jul Business Liscense 375.00 Misc. Exp. 375.00 11-Jul Misc. Exp. 250.00 Cash 250.00 13-Jul Baking Equipment 5,000.00 Common Stock 5,000.00 13-Jul Cash 200.00 Business Advertising 200.00 14-Jul Cash 300.00 Business Supplies 300.00 30-Jul Utilities Expence-Telephone 45.00 Accounts Rec. 45.00 31-Jul Unearned Revenue 1,200.00 Service Revenue- Insurance Policy 1,200.00 31-Jul Accrue Wages 120.00 Salaries 120.00 31-Jul Bakery Sales 15,000.00 Cost of Goods Sold 15,000.00 Total 58,990.00 58,990.00
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Peyton Approved General Journal Entries Aug-14 Date Accounts Debit 5-Aug Salaries Expence 120.00 Salaries Payable 8-Aug Cash 3,200.00 Accounts Recievable 10-Aug Utility Expence- Telephone 45.00 Accounts Recievable 15-Aug Baking Supplies 5,000.00 Cash 15-Aug Accrue Wages 480.00 Salaries 15-Aug Cash 1,500.00 Rent Expence 18-Aug Accounts Recievable 1,000.00 Cash 20-Aug Cash 8,500.00 Accounts Payable 20-Aug Salaries Payable 480.00 Salaries Expence 22-Aug Misc. Supplies 300.00 Cash 31-Aug Utility Expence 45.00 Telephone Bill 31-Aug Accrue Wages 420.00 Salaries 31-Aug Bakery Sales 20,000.00 Cost of Goods Sold Accounts Recievable Total 41,090.00
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Credit 120.00 3,200.00 45.00 5,000.00 480.00 1,500.00 1,000.00 8,500.00 480.00 300.00 45.00 420.00 20,000.00 7,500.00 41,090.00
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Peyton Approved General Journal Entries Sep-14 Date Accounts Debit Credit
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