Chapter 3 Problems

Chapter 3 Problems - 6200 Accrued Fees Journal Iron River...

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Journal Iron River Company April 30, 2008 DATE DESCRIPTION Post. Ref. Debit CREDITS 04/30/08 Accounts Receivable a. 1775  Fees Earned 1775  Accrued Fees 04/30/08 Supplies Expense b. 4200  Supplies 4200  Supp. Used (5,400-1,200) Depreciation Expense c. 350  Equipment 350  Dep. On Equip. 04/30/08 Unearned Fees d. 4250  Fees Earned 4250  Fees Earned (6000-1750) 04/30/08 Wages Expense e. 600  Wages Payable 600  Accrued Wages Journal Cambridge Company December 31, 2008 DATE DESCRIPTION Post. Ref. Debit CREDITS 12/31/08 Insurance Expense a. 4500  Prepaid Insurance 4500  Insurance Expired 12/31/08 Supplies Expense b. 1500  Supplies 1500  Supp. Used (1,980-480) Depreciation Expense c. 1600  Building 1600  Building Dep. 12/31/08 Depreciation Expense d. 4400  Equipment 4400  Building Equip. 12/31/08 Unearned Rent e. 3250  Rent Revenue 3250  Rent Earned 12/31/08 Wages Expense f. 2800  Wages Payable 2800  Accrued Wages 12/31/08 Accounts Receivable g. 6200  Fees Earned
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Unformatted text preview: 6200 Accrued Fees Journal Iron River Company April 30, 2008 Journal Iron River Company April 30, 2008 Cambridge Company Adjusted Trial Balance December 31, 2008 DESCRIPTION Post. Ref. Debit Balances Credit Balances Cash 5,550 Accounts Receivable 34,550 Prepaid Insurance 2,700 Supplies 480 Land 112,500 Building 210,650 Accumulated Depreciation-Building 135,950 Equipment 130,900 Accumulated Depreciation-Equipment 93,550 Accounts Payable 12,150 Unearned Rent 3,500 Rent Revenue 3,250 Captial Stock 60,000 Retained Earnings 141,000 Dividends 15,000 Fees Earned 300,800 Salaries & Wage Expenses 146,170 Wage Payable 2,800 Utilities Expense 42,375 Advertising Expense 22,800 Repairs Expense 17,250 Miscellaneous Expense 12,075 753,000 753,000...
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Chapter 3 Problems - 6200 Accrued Fees Journal Iron River...

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