Copy of Acctg%20Cycle%20Solution

Copy of Acctg%20Cycle%20Solution - Version 1 1/1 Journal...

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Version 1 Journal Entries for 20X5 1/1 Cash 9,000 Accumulated Depreciation 3,000 Equipment Gain on sale 1/1 Cash 10,000 Common Stock Additional Paid in Capital 1/2 Rent expense 2,700 Cash 1/9 Purchases 26,500 Accounts Payable 1/15 Salaries payable 580 Cash 1/21 Cash 15,000 Accounts receivable 20,000 Sales revenue 2/19 Cash 16,000 Accounts Receivable 2/25 Accounts payable 9,000 Cash 3/8 Cash 11,000 Accounts Receivable 14,000 Sales Revenue 3/16 2,300
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Accounts Receivable 3/31 Accounts Payable 22,160 Cash 4/1 Notes Payable 16,000 Interest Expense 400 Interest Payable 400 Cash 4/1 Equipment 12,000 Cash 5/1 Cash 15,000 Notes payable 5/16 Purchases 28,000 Accounts Payable 6/13 Cash 14,000 Accounts Receivable 16,000 Sales Revenue 6/30 Salaries Expense 9,000 Utility Expenses 2,000 Cash 7/8 Cash 23,000 Accounts Receivable 8/31 640 8/31 Prepaid Insurance 12,000 Insurance expense Prepaid Insurance
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Cash 9/17 Supplies 4,500 Accounts Payable 9/30 Accounts Payable 32,500 Cash 10/8 Cash 6,000 Sales Revenue 11/15 Cash 13,000 Accounts Receivable 19,000 Sales Revenue 11/24 Dividends 14,000 Cash 12/12 Cash 17,000 Accounts receivable 12/31 Salaries Expense 8,000 Utilities Expenses 1,250 Cash
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10,000 2,000 4,000 6,000 2,700 26,500 580 35,000 16,000 9,000 25,000
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2,300 22,160 16,800 12,000 15,000 28,000 30,000 11,000 23,000 640
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12,000 4,500 32,500 6,000 32,000 14,000 17,000 9,250
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General Ledger Cash Accounts Receivable BB- 11,520 2,700 BB- 3,820 16,000 9,000 580 20,000 2,300 15,000 9,000 14,000 23,000 10,000 22,160 16,000 17,000 16,000 16,800 19,000 11,000 12,000 14,520 15,000 11,000 14,000 12,000 23,000 32,500 6,000 14,000 13,000 9,250 17,000 18,530 Inventory Supplies BB= 9,500 9,500 BB= 250 2,850 BB= 6,000 4,500
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This note was uploaded on 05/12/2010 for the course ACCT ACCT 3367 taught by Professor Kilic during the Spring '10 term at University of Houston.

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Copy of Acctg%20Cycle%20Solution - Version 1 1/1 Journal...

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