LLS6e_Ch04 - Student Name: Class: Problem 04-04 BURRESS...

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Student Name: Class: Problem 04-04 BURRESS COMPANY Requirement 1: (a) (b) (c) (d) (e) (f) (g) (h) Requirement 2: Balance Sheet Income Statement Stockholders' Net Transaction Assets Liabilities Equity Revenues Expenses Income (a) (b) (c) (d) (e) (f) (g) (h)
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Given Data P04-04: BURRESS COMPANY 2011 adjusting entries to be considered: (a) Collected six months rent on storage space. $7,200 (b) Employee wages earned but not paid. 14,000 (c) Service revenue earned but not collected. 3,000 (d) Principal (plus 12% interest) due on note. 18,000 (e) One year insurance premium paid on 11/1/2011. 7,000 (f) Depreciation on service truck. 2,000 (g) Cash collected 11/1/2011, to be spread evenly over next twelve months. 3,000 (h) Estimated property tax not yet billed or paid. 500
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Student Name: Class: Problem 04-05 TOTKA TOWING COMPANY Requirement 1: (a) (b) (c) (d) (e) (f) (g) (h) Requirement 2: Balance Sheet Income Statement Stockholders' Net Transaction Assets Liabilities Equity Revenues Expenses Income (a) (b) (c) (d) (e) (f) (g) (h)
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Given Data P04-05: TOTKA TOWING COMPANY Transactions to be considered: (a) Prepaid insurance paid $1,200 (b) Office supplies purchased for cash 1,000 Beginning office supplies inventory 400 Ending office supplies inventory
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This note was uploaded on 06/27/2011 for the course ACCOUNTING 121 taught by Professor Ambrose during the Spring '10 term at San Mateo Colleges.

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LLS6e_Ch04 - Student Name: Class: Problem 04-04 BURRESS...

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