ACC 301 MSU CANDY COMPANY - Accounts Cash Accts/Rec MSU...

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MSU Candy Company, Inc. Work Sheet for the Year Ended 12/31/12 Accounts 2011 PC Trial Balance Adjustments Debit Credit Debit Credit Cash 10,000 a2. 570166 b2. 309715 a3. 26,600 b3. 13000 e. 3250 c. 2330 hh. 1518 d. 26437 g. 75510 i. 4,000 hh. 633 Accts/Rec 28,000 a1. 633518 a2. 570166 a3. 26,600 a4. 1400 Allow. for D. Accts. 2,000 a4. 1400 aa. 2568 Notes Rec. 6,000 e. 3000 Merch Inv. 60,000 bb. 4,820 Prep. Insurance 500 c. 2330 cc. 2248 Supplies 8,000 d. 26437 dd. 28,919 Land 40,000 Building 200,000 AccumDepr-Bldg 16,000 ff. 4000 Equipment 80,000 f. 7518 f. 10000 AccumDepr-Equip 28,800 f. 3600 ff. 10464 Accts/Pay 13,000 b2. 309715 b1. 364370 b3. 13000 Salaries Pay 5,000 g. 5000 gg. 16437 Payroll Taxes Pay 2,000 g. 2000 gg. 3518 Unearned Revenue 3,000 h. 2,199 Dividends Pay 4,000 i. 4,000 i. 6518 Com Stk-$10 Par 200,000 APIC-C/S 20,000 Retained Earnings 138,700 i. 6518 Totals 432,500 432,500 Sales Revenue a1. 633518 h. 2,199 Purchases b1. 364370 bb. 364370 Interest Revenue e. 250 ee. 125 hh. 1518
Gain on Disposal of Equip f. 1118 Salaries Expense g. 60180 gg. 16437 Payroll Taxes Expense g. 8330 gg. 3518 Bad debt expense aa. 2568 Insurance Expense cc. 2248 Supplies Expense dd. 28919 Office Expenses hh. 633 Interest receivable ee. 125 Cost of Goods Sold bb. 369,190 Depreciation Expense (Equipment) ff. 10464 Depreciation Expense (Building) ff. 4000 Income Tax Expense TOTALS $ 2489749 $ 2489749

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