FMGT 2293 Assignment #3

FMGT 2293 Assignment #3 - F MGT 2293 Assignment #3 Seung...

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Unformatted text preview: F MGT 2293 Assignment #3 Seung Hun Han Student #: 100165736 June 2, 2009 3-35 (a) Perfect Pizzas Journal Entries for 2008 1. I ngredients and supplies inventory (A) 220,000 Accounts payable (L) 220,000 2. Cash (A) 470,000 Accounts receivable (A) 50,000 Sales (SE) 520,000 3. Wages expense (SE) 74,000 Other expenses (SE) 42,000 Wages payable (L) 4,000 Cash (A) 120,000 4. Accounts payable (L) 218,000 Cash (A) 218,000 5. Cash (A) 510,000 Accounts receivable (A) 510,000 6. Cost of goods sold (SE) 222,000 I ngredients and supplies inventory (A) 222,000 7. (a) Dividends declared (SE) 10,000 Dividends payable (L) 10,000 (b) Dividends payable (L) 10,000 Cash (A) 10,000 (b) Perfect Pizza : T-Accounts Cash (A) Accounts receivable (A) Bal. 43,000 Bal. 5,000 (2) 470,000 120,000 (3) (2) 50,000 51,000 (5) (5) 51,000 218,000 (4) 10,000 7(b) 4,000 Ingredients and supplies inventory (A) 216,000 Bal. 10,000 (1) 220,000 222,000 (6) 8,000 Prepaid rent (A) Equipment (A) Bal. 30,000 Bal. 60,000 30,000 60,000 Delivery vehicles (A) Accum. Amort.Equip. (XA) Bal. 80,000 22,500 Bal. 80,000 22,500 Accum. Amort.Delivery Vehicles (XA) Accounts payable (L) 45,000 Bal.(4) 218,000 6,000 Bal. 220,000 (1) 45,000 8,000 Dividends payable (L) 10,000 7(a) 7(b) 10,000 Wages payable (L) Common Shares (SE) 4,000 Bal. 108,000 Bal. (3) 4,000 108,000 Retained earnings (SE) Dividends declared (SE) 42,500 Bal. Bal. (B) 10,000 182,000 (A) 7(a) 10,000 10,000 (B) 214,500 Sales (SE) Cost of goods sold (SE) 0 Bal. Bal....
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This note was uploaded on 09/25/2010 for the course FMGT FMGT 2293 taught by Professor Hamere. during the Summer '09 term at Langara.

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FMGT 2293 Assignment #3 - F MGT 2293 Assignment #3 Seung...

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