ACC111-CH03 HW - Brief Exercise 3-5 Page 128 Date 2017 July Account Titles and Explanation Debit 1 Select Account Select Account 31 Select Account

ACC111-CH03 HW - Brief Exercise 3-5 Page 128 Date 2017...

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Brief Exercise 3-5, Page 128 Date Account Titles and Explanation Debit Credit 2017 July 1 Select Account Select Account 31 Select Account Select Account Account ??? Date Explanation Ref Debit Credit Balance July 1 - Dec 31 Adjusting - Account ??? Date Explanation Ref Debit Credit Balance Dec 31 Adjusting -
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Brief Exercise 3-6, Page 129 Date Account Titles and Explanation Debit Credit 2017 July 1 Select Account Select Account 31 Select Account Select Account Account ??? Date Explanation Ref Debit Credit Balance July 1 - Dec 31 Adjusting - Account ??? Date Explanation Ref Debit Credit Balance Dec 31 Adjusting -
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Problem 3-1A, Page138The following adjustments need to made to Krause Consulting for May.1$900 of supplies have been used during the month.2Utilities expense incurred but not paid on May 31, 2017, $250.3The insurance policiy is for 2 years, costing $3,600.4$400 of the balance in the unearned service revenue account ($2,000) remains unearned at the5May 31 is a Wednesday, and employees are paid on Fridays. Krause consulting has two employ6The office furniture has a 5-year life with no salvage value. It is being depreciated at $190 per m7Invoices representing $1,700 of services performed during the month have not been recorded Instructions:(a)Prepare the adjusting entries and journalize for the month of May. Use J1 as the page number (b)(c )Prepare an adjusted trial balance at May 31, 2017.Select Account2017Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as begreference column. (a) J4 Date Account Titles and Explanation Ref. Debit Credit 2017 Adjusting Entries May 31 Select Account Date Select Account 2017 31 Select Account Select Account Date 2017 31 Select Account Select Account Date 2017 31 Select Account Select Account Date 31 Select Account 2017 Select Account 31 Select Account Date Select Account 2017 31 Select Account Date
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Krause Consulting Date Adjusted Trial Balance 2017 May 31, 2017 Debit Credit Cash Date Accounts Receivable 2017 Supplies Prepaid Insurance Equipment Accum Dep -Equipment Date Accounts Payable 2017 Unearned Service Revenue Salaries & Wages Payable Owner's Capital Date Service Revenue 2017 Salaries & Wages Expense Rent Expense Depreciation Expense Date Insurance Expense 2017 Utilities Expense Supplies Expense - - Date 2017 Date 2017 Date 2017 Date 2017 Date 2017
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Date 2017
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e end of the month. yees who are paid $920 each for a 5-day work week. month for 60 months. as of May 31. for your journal. Cash 101 Explanation Ref Debit Credit Balance May 31 Balance 4,500 Accounts Receivable 112 Explanation Ref Debit Credit Balance May 31 Balance 6,000 31 Adjusting J4 6,000 Supplies 126 Explanation Ref Debit Credit Balance May 31 Balance 1,900 31 Adjusting J4 1,900 Prepaid Insurance 130 Explanation Ref Debit Credit Balance May 31 Balance 3,600 31 Adjusting J4 3,600 Equipment 149 Explanation Ref Debit Credit Balance May 31 Balance 11,400 Accumulated Depreciation - Equipment 150 Explanation Ref Debit Credit Balance May 31 Adjusting J4 - ginning account balances and place a check mark in the posting
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Accounts Payable 201 Explanation Ref Debit Credit Balance May 31 Balance 4,500 31 Adjusting J4 4,500 Unearned Service Revenue 209
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  • Spring '15
  • Frederick Maihofer
  • Generally Accepted Accounting Principles, Alena Co.

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