chapter 3 part 2 homework - no entry Reversing entry 01/02...

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Tuesday -Chapter 2 final submission and chapter 3 part 2 (BE3-10, BE3-11, BE3-13, E3-8, E3- 16, E3-20, E3-21) initial submission due at 8am. -BE3-10 Adjusting entry for depreciation of Alonzo Company Accumulated depreciation-office equipment Depreciation Expense 12/31 $2000 12/31 $2000 Balance sheet presentation Debit Credit Office equipment 30,000 Accumulated depreciation 2,000 Notes payable 28,000 -BE3-11 Side Kicks Closing entries December 31 2010 Interest Revenue 13,500 Sales 808,900 Income summary 822,400 Income summary Cost of goods sold 556,200 Operating expenses 189,000
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Income tax expense 35,100 Retained earnings Dividends 18900 BE3-13 Best Buy Adjusting Entry 12/31 Salaries expense 4200 Salaries payable 4200 Reversing entry 01/01
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Unformatted text preview: no entry Reversing entry 01/02 Salaries expense 7000 Cash 7000 Reversing entry 01/02 no entry E3-8 Ace Computer Services Adjusting Journal Entries August 31 2010 1) Salaries payable_____ 09/31 2,900 2) Utility Bill ____ 09/31 no entry 3) accounts receivable __ Accounts Payable 09/01 60,000 09/31 60,000 4) Phone Expenses_____ 09/31 117 E3-16 Closing entries December 31, 2010 Sales 390,000 Cost of goods sold 235,700 Sales discounts 15,000 Sales returns and allowances 12,000 Merchandise Inventory 60,000 Common stock 75,000 Selling expenses 16,000 Administrative Expenses 38,000 Income tax expense 30,000 Retained earnings 45,000 Dividends 18,000 E3-20...
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chapter 3 part 2 homework - no entry Reversing entry 01/02...

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