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Chapter 3 homework assignment

Chapter 3 homework assignment - BA211 Chapter 3 homework...

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BA211 Chapter 3 homework assignment Exercise 3-1 Required of financial statements for the year ended December 31, 2009 Unearned received 5000 Revenue 5000 Wages expense 7500 Wages 7500 Depreciation expense 1725 Accounts payable 1725 Supplies expense 5682 Supplies 5682 Insurance expense 2700 Prepaid insurance 2700 Interest received 1400 Interest revenue 1400 Interest expense 2000 Interest payable 2000 Exercise 3-2 Depreciation expense 16000 Accounts payable 16000 Insurance expense 5360 Prepaid insurance 5360 Supplies expense 3422 Supplies 3422 Unearned received 3000 Revenue 3000 Insurance expense 6160 Prepaid insurance 6160 Wages expense 2700 Wages 2700 Exercise 3-3 April 30 Professional expense 4500 Professional fees payable 4500 Interest expense 1900 Interest payable 1900 Wages expense 4800 Wages payable 4800 May 3 Wages expense 7200 Wages payable 4800 Cash 12000 May 12 Professional fees payable 4500
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Cash 4500 May 20 Interest payable 1900 Interest expense 3800 Cash 5700 Exercise 3-7 Resource trucking company Income statement 12/31/2009 Truck fees earned 121000 Expense Depreciation expense 20727 Salaries expense 56749 Office supply expense 4455 Prepaid expense
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