10K Excel Docs.pdf - Project#T34 Account Name Prepaid Rent Cash Jan 14 Salary Wages Payable Cash Jan 25 Cash Paid-in Capital Investments Feb 14

10K Excel Docs.pdf - Project#T34 Account Name Prepaid Rent...

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Date Account Name Debit Credit Jan. 2 Prepaid Rent $145,860 Cash $145,860 Jan. 14 Salary & Wages Payable $42,500 Cash $42,500 Jan. 25 Cash $68,000 Paid-in Capital Investments $68,000 Feb. 14 Equipment $68,000 Notes Payable $68,000 Feb. 28 Unearned Revenue $20,400 Service Revenue $20,400 March 15 Accounts Receivable $306,000 Sales Revenue $306,000 (To record the sales) March 15 Cost of Goods Slod $122,400 Inventory $122,400 (To record the COGS) Apr. 1 Cash $351,900 Accounts Receivable $351,900 May 3 Inventory $680,000 Accounts Payable $680,000 May 31 Cash $1,224,000 Service Revenue $918,000 Unearned Service Revenue $306,000 June 4 Accounts Receivable $1,387,200 Sales Revenue $1,387,200 (To record the sales) June 4 Cost of Goods Sold $578,000 Inventory $578,000 (To record the COGS) July 1 Accounts Payable $646,000 Cash $646,000 Aug. 14 Notes Payable $68,000 Interest Expense $3,400 Cash $71,400 Sep 1 Cash $65,875 Accumaulated Depreciation $40,800 Equipment $93,500 Gain on Sales of Assets $13,175 Oct 1 Prepaid Insurance $44,880 Cash $44,880 Nov 1 Cash $1,248,480 Accounts Receivable $1,248,480 Nov 15 Bad Debt Expense $59,500 Allowance for doubtful accounts $59,500 (To record the bad debt) Nov 15 Allowance for doubtful accounts $47,600 Accounts Receivable $47,600 (To write off from A/R) Dec 31 Salary & Wages Expense $510,000 Cash $469,200 Salary & Wages Payable $40,800 Dec 31 Depreciation Expense $14,875
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  • Spring '14
  • DarrylJ.Woolley

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