Homework 4 - P4-26A (120-150 min)Req. 1Journal

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

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

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: P4-26A (120-150 min)Req. 1Journal EntryDateAccountsDebitCreditMay31Unearned service revenue3,000Service revenue3,000May31Rent expense300Prepaid rent300May31Supplies expense700Supplies700May31Depreciation expense500Accumulated depreciation500May31Salary expense800Salary payable800Req. 2Speedy G InternetWork SheetMonth Ended May 31, 2011Trial BalanceAdjustmentsAdjusted Trial BalanceAccountDebitCreditDebitCreditDebitCreditCash4,2004,200Accounts receivable15,00015,000Prepaid rent2,200b.3001,900Supplies1,000c.700300Equipment31,50031,500Accumulated depreciation4,000d.5004,500Accounts payable6,1006,100Salary payablee.800800Unearned service revenue4,000a.3,0001,000S. Buggy, Capital26,60026,600S. Buggy, Withdrawals3,6003,600Service revenue19,000a.3,00022,000Salary expense2,200e.8003,000Rent expenseb.300300Depreciation expensed.500500Supplies expensec.700700Total59,70059,700$5,300$5,30061,00061,000Req. 3Speedy G InternetIncome StatementMonth Ended May 31, 2011Revenue:Service Revenue$22,000Expenses:Salary expense3,000Rent expense300Depreciation expense500Supplies expense700Total Expenses4,500Net Income...
View Full Document

Page1 / 7

Homework 4 - P4-26A (120-150 min)Req. 1Journal

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online