Ch05E3 - Jim Daley, withdrawals 52,000 Performance revenue...

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Exercise 5-3 Musical Sensations Work Sheet For Year Ended December 31, 2005 Account Adjustments Income Statement Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 14,000 Accounts receivable 26,000 Office supplies 950 Musical Equipment 212,000 Accumulated amortization, equipment 16,200 Accounts payable 3,350 Unearned performance revenue 12,400 Jim Daley, capital 272,000
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Unformatted text preview: Jim Daley, withdrawals 52,000 Performance revenue 119,000 Salaries expense 76,000 Travelling expense 42,000 Totals 422,950 422,950 4. Calculate the balance in the capital account as it would appear on the December 31, 2005 balance sheet. Unadjusted Trial Balance Adjusted Trial Balance Balance Sheet & Statement of Owner's Equity...
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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