ACCT101-Handout04answer

ACCT101-Handout04answer - 17,500 (g)10,000 7,500 7,500...

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Worksheet for the year ended Dec. 31, 2009 Trial Balance Adjustments Adjusted Trial Balance Post-closing Trial Balance Account title Debit Credit Debit Credit Debit Credit Debit Credit Cash $ 7,500 $ 7,500 $ 7,500 Accounts receivable 3,650 3,650 3,650 Prepaid advertising (a) $350 350 350 Prepaid rent 13,000 (b)$2,000 11,000 11,000 Office Supplies 4,200 (c) 2,170 2,030 2,030 Building 45,000 45,000 45,000 Accumulated depreciation-- building $ 27,500 (d) 2,500 $ 30,000 $ 30,000 Land 120,000 120,000 120,000 Accounts payable 5,500 5,500 5,500 Wage payable (e) 3,050 3,050 3,050 Interest payable (f) 3,480 3,480 3,480 Notes payable 29,000 29,000 29,000 Unearned franchise fee revenue
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Unformatted text preview: 17,500 (g)10,000 7,500 7,500 Unearned sales revenue 4,500 4,500 4,500 Common Stock 89,000 89,000 89,000 Retained earnings 15,670 15,670 17,500 Dividends 11,480 11,480 Sales revenue 23,500 23,500 Franchise fee revenue 19,920 (g)10,000 29,920 Depreciation expense--building (d) 2,500 2,500 Wage expense 9,500 (e) 3,050 12,550 Rent expense 9,300 (b) 2,000 11,300 Utility expense 1,480 1,480 Advertising expense 6,980 (a) 350 6,630 Supplies expense (c) 2,170 2,170 Interest expense (f) 3,480 3,480 $232,090 $232,090 $23,550 $23,550 $241,120 $241,120 $189,530 $189,530...
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