Ch 5 HW - Matthew Wong Ch 5 Hw Problem 5.5A a. 1. AR...

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Silver Lining, Inc. Adjusted Trial Balance December 31, 2009 Cash $42835 AR 3500 Office Supplies 110 Prepaid rent 900 Unexpired insurance 180 Office equipment 54000 Accumulated depreciation $36000 AP 1400 Salaries payable 1900 Interest Payable 420 Income tax payable 2350 Notes payable 9000 Unearned consulting services revenue 1000 Capital Stock 30000 Retained Earnings 8000 Dividends 1000 Consulting services revenue 64000 Office Supplies Expense 700 Depreciation expense 9000 Rent expense 3825 Insurance expense 1100 Salaries expense 29000 Interest expense 420 Income tax expense 7500 Totals $154,070 $154,070 Matthew Wong MGMT 161 Section 1 Ch 5 Hw Professor Mastrolia Problem 5.5A a. 1. AR 1500 Consulting services revenue 1500 To record uncollected, earned revenue 2. Unearned consulting services revenue 2500 Consulting services revenue 2500 To record revenue earned 3. Office Supplies expense 95 Office Supplies 95 To adjust for supplies on hand 4. depreciation expense 750 Accumulated depreciation 750 To record depreciation 5. rent expense 300 Prepaid rent 300 To record rent expense 6. insurance expense 90 Unexpired insurance 90 To record insurance expense 7. salary expense 1900 Salary payable
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Ch 5 HW - Matthew Wong Ch 5 Hw Problem 5.5A a. 1. AR...

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