Lincoln Service Center

Lincoln Service Center - 13,550 Supplies 525 * Land 1,725 *...

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Problem 3-5B Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear to the right of an incorrect entry in the outlined cells. 1. a. Depreciation Expense - Building 3,500 Accumulated Depreciation - Building 3,500 b. Depreciation Expense - Equipment 2,300 Accumulated Depreciation - Equipment 2,300 c. Salaries and Wages Expense 1,100 Salaries and Wages Payable 1,100 d. Insurance Expense 2,250 Prepaid Insurance 2,250 e. Accounts Receivable 3,250 Fees Earned 3,250 f. Supplies Expense 1,200 Supplies 1,200 g. Unearned Rent 1,500 * Rent Revenue 1,500 * 2. LINCOLN SERVICE CO. Adjusted Trial Balance December 31, 2008 Cash 2,100 Accounts Receivable
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Unformatted text preview: 13,550 Supplies 525 * Land 1,725 * Building 50,000 Accumalated Depreciation-Building 3,500 * Equipment 44,000 * Accumalated Depreciation-Equipment 2,300 * Prepaid Insurance 8,050 * Accounts Payable 3,750 Salary and Wages Payable 11,000 * Unearned Rent 1,500 Molly Jordan, Capital 83,550 Molly Jordan, Drawing 2,500 Fees Earned 131,850 Rent Revenue 2,100 * Salaries Expense 52,000 Utilites Expense 14,100 Advertising Expense 7,500 Repairs Expense 6,100 Depreciation Equipment Expense 2,300 Insurance Expense 2,250 Depreciation Building Expense 3,500 Supplies Expense 1,200 Misc. Expense 2,025 215,525 * 237,450 *...
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This note was uploaded on 06/04/2008 for the course ACC 101 taught by Professor Palmer during the Spring '08 term at Georgia Perimeter.

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