Exercise 4-5A - 2,640 240 2,880 2,880 637Insurance Expense...

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Unadjusted Adjustments Adjusted Income Trial Balance Trial Balance Statement Debit Credit Debit Credit Debit Credit Debit Credit 101Cash 17,500 17,500 126Supplies 8,900 5,700 3,200 128Prepaid insurance 6,200 3,900 2,300 167Equipment 131,000 131,000 168Accumulated depreciation—Equip. 25,250 8,500 33,750 201Accounts payable 5,800 550 6,350 203Interest Payable 0 240 240 206Rent Payable 0 200 200 210Wages Payable 0 1,600 1,600 213Property taxes Payable 0 900 900 251Long Term Notes Payable 24,000 24,000 301S. Adams Capitol 77,660 77,660 302S, Adams Withdrawals 30,000 30,000 401Construction Fees Earned 134,000 134,000 134,000 612Depreciation expense—Equip. 0 8,500 8,500 8,500 623Wages Expense 45,860 1,600 47,460 47,460 633Interest Expense
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Unformatted text preview: 2,640 240 2,880 2,880 637Insurance Expense 3,900 3,900 3,900 640Rent expense 13,200 200 13,400 13,400 652Supplies expense 5,700 5,700 5,700 683Property Taxes Expense 4,600 900 5,500 5,500 684Repairs Expense 2,810 2,810 2,810 690Utilities expense 4,000 550 4,550 4,550 Totals 266,710 266,710 21,590 21,590 278,700 278,700 94,700 134,000 Net Income 39,300 Totals 134,000 134,000 Balance Sheet & Statement of Owners Equity Debit Credit 17,500 3,200 2,300 131,000 33,750 6,350 240 200 1,600 900 24,000 77,660 30,000 184,000 144,700 39,300 184,000 184,000...
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This note was uploaded on 05/07/2010 for the course ACCOUNTING ACC225 taught by Professor Professor during the Spring '10 term at University of Phoenix.

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Exercise 4-5A - 2,640 240 2,880 2,880 637Insurance Expense...

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