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acc chapt3 - Chapter 3 Problem 1 Balance sheet acount Amout...

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Chapter 3 Problem 1 Balance sheet acount Amout of the adjustement Balance Income statement account Amout of the adjusteme Balance A Prepaid insurance -2,720 680 Insurance expenses 2,720 2,720 B Supplies -6,130 1,244 Supplies expenses 6,130 6,130 C Accumulated depreciation building 12,800 58,400 Depreciation expenses building 12,800 12,800 D Interest payable 1,000 111,000 Interest expenses 1,000 12,000 E Unearned cleaning revenue -400 1,200 Cleaning revenue 400 158,034 F Salaries payable 1,680 1,680 Salarie expenses 1,680 103,010 G Income taxes payable 2,000 2,000 Income taxe expenses 2,000 2,000
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Problem 3 1. 2. Assets Liabilities Common stock Retained earnings Dividends Revenues Expenses Cash A/P Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Salaries expenses 16,500 5,940 10,000 14,002 22,000 72,600 Dr Cr 1,804 49,400 A/R Notes payable 2,200 330 Dr Cr Dr Cr 76,604 49,730 8,250 11,000 2,200 Utilities expenses 10,450 Unearned service revenue Dr Cr Dr Cr 4,280 Office supplies 2,970 Dr Cr 1,804 Rent expense 2,662 1,166 Dr Cr 2,398 4,400 264 Interest payable 440 Dr Cr 4,840 Prepaid rent 550 Dr Cr Office supplies 1,320 Salaries payable expenses 440 Dr Cr Dr Cr 880 330 2,398 Office equipement Income taxes payable Depreciation expenses Dr Cr Dr Cr Office equipement 9,240 4,000 Dr Cr 660
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