Comprehensive Problem (1) - Central State University...

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College Accounting, Chapters 1-27
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Chapter 6 / Exercise 2
College Accounting, Chapters 1-27
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Central State UniversityAccounting 2210: Financial AccountingComprehensive ProblemCOMPREHENSIVE PROBLEM: Treadle Website Design Services, LLCThis comprehensive problem involves Treadle Website Design, LLC and coversall the learning objectives regarding completing the accounting cycle. To complete the problem, you may sometimes have to refer to materials in previouschapters. Worksheet and Financial Statements must be typed! Journal entries may be hand-written.The July 31, 2015 post-closing trial balance for Treadle Website Design, LLC appears below:Treadle Website DesignPost-Closing Trial BalanceJuly 31, 2015Cash$ 22,480 Accounts Receivable5,000 Office Supplies3,660 Prepaid Rent1,600 Office Equipment16,320 Accumulated Depreciation- Office Equipment$ 300 Accounts Payable6,280 Unearned Design Revenue600 Salary Payable720 P. Treadle, Capital41,160 $ 49,060 $ 49,060 During August, the agency engaged in the following transactions:Aug 1Received additional cash investment from P. Treadle, $20,000.2Purchased additional office equipment with cash, $4,700.7Purchased additional office supplies for cash, $540.8Completed the services related to the unearned revenues as of July 31.12Paid the amount due for the office equipment purchased last month on credit, $3,000.13Accepted a cash advance for work to be performed at a future date, $2,40015Performed design services and received cash, $12,900
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
College Accounting, Chapters 1-27
The document you are viewing contains questions related to this textbook.
Chapter 6 / Exercise 2
College Accounting, Chapters 1-27
Heintz/Parry
Expert Verified

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