07 - AP4-2 Brandon Company Debit Credit A. Insurance...

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AP4-2 Brandon Company Debit Credit A. Insurance Expense 1,600 Prepaid Insurance 1,600 B. Wages Expense (+E, -SE) 900 Wages Payable 900 C. Unearned Maintenance Revenue (-L) 450 Maintenance Revenue (+R, +SE) 450 D. Depreciation Expense (+E, -SE) 3,000 Accumulated Depreciation (+XA, -A) 3,000 E. Unearned Service Revenue (-L) 700 Service Revenue (+R, +SE) 700 F. Interest Expense (+E, -SE) 600 Interest Payable (-L) 600 G. Property Tax Expense (+E, -SE) 500 Property Taxes Payable (+E) 500 H. Account Receivable (+A) 2,000 Special Job Revenue (+R, +SE) 2,000 A. DE B. AE C. DR D. DE E. DR F. AE G. AE H. AR AP4-6
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1. Abrahams Company Trial Balance At December 31, 2006 Before Adjusting Ent. Adjustments After Adjusting Ent. Debit Credit Debit Credit Debit Credit A. Cash 18,000 18,000 B. Account Receivables 1,500 1,500 C. Prepaid Rent 1,200 400 800 D. P.P.E 210,000 210,000 E. Accumulated Dep. 52,000 18,000 70,000 F. Income Taxes Pay. 6,500 6,500 G. Deferred Revenue 16,000 8,000 8,000 H. Contributed Cap. 110,000 100,000 I. Retained Earnings 21,700 21,700 J. Service Revenue 83,000 9,500 92,500 K. Salary Expense54,000 54,000 L. Depreciation Expense 17,500 17,500 M. Rent Expense 400 400 N. Income Tax Expense 6,500 6,500 Total 283,200 283,200 308,700 308,700 B. Accounts Receivable – Debit 15,000 C. Prepaid Rent – Credit 400 E. Accumulated Depreciation – Debit 18,000 F. Income Taxes Payable – Credit 6,500 G. Deferred Revenue – Debit 8,000 J. Service Revenue – Credit 9,500 L. Depreciation Expense – Debit 17,500 M. Rent Expense – Debit 400 N. Income Tax Expense – Debit 6,500
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2. Debit
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This note was uploaded on 03/25/2008 for the course H ADM 121 taught by Professor Ddittman during the Fall '07 term at Cornell University (Engineering School).

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07 - AP4-2 Brandon Company Debit Credit A. Insurance...

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