lucky - Lucky Enterprises, Inc. Trial Balance as of March...

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Unformatted text preview: Lucky Enterprises, Inc. Trial Balance as of March 31, 20XX as of April 15, 20xx Cash 33,000 75,350 Accounts Receivable 21,125 36,725 Inventory 13,800 12,800 Prepaid Expenses 1,400 1,400 Land 15,000 - Equipment 33,000 33,000 Accumulated depreciation, equip 4,125 4,125 Accounts Payable 13,000 18,200 Notes Payable 25,000 25,000 Common Stock 50,000 75,000 Retained Earnings 12,800 12,800 Revenue 65,000 83,000 Cost of Goods Sold 32,500 41,500 Salary Expense 7,500 8,750 Wage Expense 10,600 13,000 Rent Expense 1,200 1,800 Utility Expense 800 800 Gain on Sale 7,000 169,925 169,925 225,125 225,125 1 1-AprPaid weekly wages of $1200 2 1-AprPaid April rent of $600 3 5-AprSold 10 kits @ $1500, at a cost of $750 each on account AYL 4 6-Aprpaid 2800 on account JML 5 8-AprPaid weekly wages of $1200 6 8-AprPurchased $8000 of kit inventory on account from KRU 7 11-AprReceived $2400 on account from AYL 8 11-AprSold 6 kits @ $500, at a cost of $250 each on account MT 9 12-AprSold land $22,000 10 13-AprIssue $25,000 stock to R. U. Lucky for cash 11 15-AprPaid semimonthly salary $1250 12...
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This note was uploaded on 02/28/2011 for the course ACCT 3366 taught by Professor Harris during the Spring '11 term at University of Houston.

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lucky - Lucky Enterprises, Inc. Trial Balance as of March...

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