18-10 - E18-10 a. Entries for 20x2, including closing...

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E18-10 a. Entries for 20x2, including closing entries 1 Inventory of Supplies 96,000 Furniture and Equipment 4,700 Vouchers Payable 100,700 2 Due from Other Funds 292,000 Billings to Departments 292,000 to record billings on jobs completed Cash 287,300 Due from Other Funds 287,300 to record collections on billings Cost of Printing 204,000 Inventory of Supplies 84,000 Vouchers Payable 120,000 to record costs of printing jobs Operating Expense 38,000 Inventory of Supplies 8,400 Vouchers Payable 29,600 to record costs of printing jobs Depreciation Expense 23,000 Accumulated Depreciation 23,000 to record depreciation for period Vouchers Payable 243,000 Cash 243,000 to record payment of approved vouchers Closing entries: Billings to Departments 292,000 204,000 Operating Expenses 38,000 Depreciation Expense 23,000 Profit and Loss Summary 27,000 to close nominal accounts Profit and Loss Summary 27,000 Net Assets 27,000 to close profit and loss summary b Bellevue Cost of Printing Jobs
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This note was uploaded on 04/18/2008 for the course ACCT cost taught by Professor Staff during the Spring '08 term at Oklahoma State.

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18-10 - E18-10 a. Entries for 20x2, including closing...

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