Week 4 Assignment-Preparing Entries and Statements

Week 4 Assignment-Preparing Entries and Statements -...

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Problem 4-5A Adams Construction Company Worksheet For the Year Ending June 30, 200 Trial Balance Adjustments Adju Trial B NO. Account Name Debit Credit Debit Credit Debit 101 Cash $17,500.00 17,500.00 126 Supplies 8,900.00 (a) 5,700.00 3,200.00 128 Prepaid Insurance 6,200.00 (b) 3,900.00 2,300.00 167 Equipment 131,000.00 131,000.00 168 Accumulated Depreciation-Equipment $25,250.00 © 8,500.00 201 Accounts Payable 5,800.00 (d) 550.00 201 Accounts Payable (h) 5,000.00 203 Interest Payable 0.00 (h) 240.00 208 Rent Payable 0.00 (f) 200.00 210 Wages Payable 0.00 (e) 1,600.00 213 Property Taxes Payable 0.00 (g) 900.00 251 Long-term Notes Payable 24,000.00 (h) 5,000.00 301 S. Adams, Capital 77,660.00 302 S. Adams, Withdrawals 30,000.00 30,000.00 401 Construction Fees Earned 134,000.00 612 Depreciation Expense-Equipment 0.00 © 8,500.00 8,500.00 623 Wages Expense 45,860.00 (e) 1,600.00 47,460.00 633 Interest Expense 2,640.00 (h) 240.00 2,880.00 637 Insurance Expense 0.00 (b) 3,900.00 3,900.00 640 Rent Expense 13,200.00 (f) 200.00 13,400.00 652 Supplies Expense 0.00 (a) 5,700.00 5,700.00 683 Property Taxes Expense 4,600.00 (g) 900.00 5,500.00 684 Repairs Expense 2,810.00 2,810.00 690 Utilities Expense 4,000.00 (d) 550.00 4,550.00 Totals 266,710.00 266,710.00 26,590.00 26,590.00 278,700.00 Net Income Totals General Journal Adams Construction Company Date Description Post Ref. Debit 2005 Jun. 30 Supplies Expense 5,700.00 Supplies Jun. 30 Insurance Expense 3,900.00 Prepaid Insurance Jun. 30 Depreciation Expense-Equipment 8,500.00 Accumulated Depreciation-Equipment Jun. 30 Utilities Expense 550.00
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Accounts Payable Jun. 30 Wages Expense 1,600.00 Wages Payable Jun. 30 Rent Expense 200.00 Rent Payable Jun. 30 Property Taxes Expense
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Week 4 Assignment-Preparing Entries and Statements -...

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