Chapter 3,4 - Name: Jianwen Zhang Problem 3-9 Answer:...

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Name: Jianwen Zhang Problem 3-9 Answer: T-accounts: Cash Accounts Receivable Allowance for Doubtful Accts. Bal. 18,500 Bal. 32,000 Bal. 700 Adj. 1,400 2,100 Inventory Accum. Bal. 80,000 Bal. 84,000 Bal. 35,000 Adj. 12,000 47,000 Prepaid Insurance Notes Payable Admin. Salaries Expense Bal. 5,100 Adj. 2,550 Bal. 28,000 Bal. 65,000 Cls. 65,000 2,550 Common Stock Sales Insurance Expense Bal. 80,600 Cls. 600,000 Bal. 600,000 Adj. 2,550 Cls. 2,550 Sales Salaries Expense Advertising Expense Interest Expense Bal. 50,000 Cls. 52,400 Bal. 6,700 Adj. 700 Adj. 3,360 Cls. 3,360 Adj. 2,400 Cls. 6,000 52,400 52,400 6,700 6,700 Bad Debt Expense Office Expense Prepaid Advertising Adj. 1,400 Cls. 1,400 Bal. 5,000 Adj. 1,500 Adj. 700 Cls. 3,500 5,000 5,000 Interest Payable Depr. Exp.—Furn. Income Summary Adj. 3,360 Adj. 12,000 Cls. 12,000 Exp. 554,210 Sales 600,000 Inc. 45,790 600,000 600,000 Office Supplies Salaries Payable Adj. 1,500 Adj. 2,400 Retained Earnings Cost of Goods Sold
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Bal. 10,000
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This note was uploaded on 06/11/2011 for the course ACCT 101 taught by Professor Mike during the Spring '11 term at Iowa Western.

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Chapter 3,4 - Name: Jianwen Zhang Problem 3-9 Answer:...

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