week5finalanswers - 25,000 Laundry Revenues 4,000 Cleaning...

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1.- Jun.30 Insurance Expense 75 Prepaid Insurance 75 (to record insurance expired) 2.- Jun.30 Unearned rent income 950 Rent income 950 (To record for rent provided) 3.- Jun.30 Office supplies expense 440 Office supplies expense 440 (To record supplies used) 4- Jun.30 Depreciation expense 500 Accumulated depreciation-dlivery van 500 (To record monthly depreciation) 5.- Jun.30 Salaries Expense 4000 Salaries Payable 4000 (To record accrued salaries)
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Account Balances (After Adjustments) Cash $9,000 Cleaning Supplies 3,500 Prepaid Rent 3,600 Equipment 128,000 Accumulated Depreciation—Equipment 20,000 Accounts Payable 8,500 Retained Earnings 6,400 Common Stock 100,000 Dividends 8,000 Dry Cleaning Revenues
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Unformatted text preview: 25,000 Laundry Revenues 4,000 Cleaning Supplies Expense 5,000 Depreciation Expense 3,000 Rent Expense 900 Salaries Expense 2,400 Utilities Expense 500 C (a) Apr. 30 Service Revenue Income Summary 30 Income Summary Salaries Expense Rent Expense Depreciation Expense Cleaning supply expense Utilities expense 30 Income Summary Retained Earnings 30 Retained Earnings Dividends (b) Income Summary (2)11,800 (3) 17,200 29,000 29,000 (1) 29,000 29,000 29,000 11,800 2,400 900 3000 5000 500 17,200 17,200 6,400 6,400 Retained Earnings (4) 6,400 Bal. 8,000 (3) 17,200 Bal. 6,400...
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This note was uploaded on 03/29/2010 for the course ACCT 349 349 taught by Professor Fortune during the Spring '09 term at University of Phoenix.

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week5finalanswers - 25,000 Laundry Revenues 4,000 Cleaning...

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