PROBLEM 2-42 SPREADSHEET - SPREADSHEET WHITNI CO DECEMB...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
SPREADSHEET Page 1 TRIAL BA DEBIT CASH $40,250.00 NOTES RECEIVABLE $16,500.00 ACCOUNTS RECEIVABLE $63,000.00 ALLOWANCE FOR BAD DEBT (CREDIT BALANCE) PREPAID INSURANCE 0 INTEREST RECEIVABLE 0 INVENTORY, DECEMBER 31, 2013 $94,700.00 LAND $80,000.00 BUILDINGS $247,600.00 ACCUMULATED DEPRECIATION – BUILDINGS FURNITURE AND FIXTURES $15,000.00 ACCUMULATED DEPRECIATION – FURNITURE AND FIXTURES NOTES PAYABLE ACCOUNTS PAYABLE SALES COMMISSIONS PAYABLE INTEREST PAYABLE INCOME TAX PAYABLE PROPERTY TAX PAYABLE DIVIDENDS PAYABLE COMMON STOCK, $100 PAR RETAINED EARNINGS DIVIDENDS 0 SALES SALES RETURNS AND ALLOWANCES $17,000.00 COST OF GOODS SOLD $465,800.00 DEPRECIATION EXPENSE – BUILDINGS 0 DEPRECIATION EXPENSE – FURNITURE AND FIXTURES 0 UTILITIES EXPENSE $16,700.00 BAD DEBT EXPENSE PROPERTY TAX EXPENSE $10,200.00 INCOME TAX EXPENSE 0 SALARIES AND WAGES EXPENSE $89,000.00 SALES COMMISSIONS EXPENSE $73,925.00 INSURANCE EXPENSE $18,000.00 INTEREST REVENUE INTEREST EXPENSE $2,400.00 TOTALS $1,250,075.00 NET INCOME
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
SPREADSHEET Page 2 WHITNI CORPORATION DECEMBER 31, 2013 ALANCE ADJUSTMENTS INCOME STATEMENT CREDIT DEBIT CREDIT DEBIT CREDIT $650.00 (C.) $1,850.00 (E) $3,200.00 (F) $750.00 (B) $150,000.00 $18,000.00 (A) $9,904.00 $9,000.00 (A) $1,500.00 $18,000.00 $72,700.00 (B) $150,000.00 $0.00 (D) $700.00 $0.00 (D) $45.00 $0.00 (G2) $15,000.00 $0.00 (D) $6,000.00 $0.00 (G1) $144,000.00 $240,000.00 $129,125.00 (G1) $144,000.00 $760,000.00 $760,000.00 $17,000.00 $465,800.00 (A) $9,904.00 $9,904.00 (A) $1,500.00 $1,500.00 $16,700.00 (C) $1,850.00 $1,850.00 (D) $6,000.00 $16,200.00 (G2) $15,000.00 $15,000.00 $89,000.00 (D) $700.00 $74,625.00 (E) $3,200.00 $14,800.00 $2,600.00 (D) $45.00 (F) $750.00 $3,305.00
Image of page 2
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern