Week 3 - P3-43 Haupt Consulting Inc Trial Balance Account...

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P3-43 Haupt Consulting, Inc. Trial Balance December 18, 2010 Account Cash Accounts receivable Supplies Equipment Furniture Accounts payable Common stock Service revenue Rent expense Utilities expense Total Journal Entry Ref. Date Accounts and Explanations Req. 2 Dec 21 Cash Unearned Service Revenue Collected Revenue in Advance (30 days) Req. 2 Dec 26 Accounts Payable Cash Paid cash on account Req. 2 Dec 28 Cash Accounts Receivable Collected cash on account Req. 2 Dec 30 Carl Haupt, Withdrawals Cash Owner withdrawal Journal Entry Req. 6 Date Accounts and Explanations a Dec 31 Accounts Receivable Service Revenue To accrue service revenue Dec 31 Unearned Service Revenue
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b Service Revenue To record revenue that was collected in advance c Dec 31 Supplies Expense Supplies Supplies on hand, $100 d Dec 31 Depreciation expense - Equipment Accumulated depriciation - Equipment Depreciation expense - Furniture Accumulated depriciation - Furniture Depreciation Expense - equipment, $33; Furniture, $60 e Dec 31 Salary Expense Salary Payable To Accrue Salary Expense ASSETS LIABILI Cash Accounts Dec. 2 10,000 500 Dec. 2 2,000 Dec. 3 Dec. 26 300 200 Dec. 12 300 Dec. 18 800 300 Dec. 26 Dec. 21 900 1,600 Dec. 30 Dec. 28 600 Salary pa 12,300 4,600 BAL 7,700 0 Accounts receivable Dec. 9 1,700 600 Dec. 28 Adj 400 Unearned Serv Adj 300 2,100 600 BAL 1,500 300 Supplies Dec. 5 300 200 Adj 300 200 BAL 100
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Equipment Dec. 3 2,000 2,000 0 BAL 2,000 Depreciation - Equipment 33 Adj 0 33 33 BAL Furniture Dec. 4 3,600 3,600 0 BAL 3,600 d Depreciation - Furniture 60 Adj 0 60 60 BAL HAU Year E Trial Balance Adjustment Account Debit Credit De Cash 7,700 Accounts Receivable 1,100 a Supplies 300 Equipment 2,000 Accumulated depriciation - Equipment 0 Furniture 3,600 Accumulated depriciation - Furniture 0 Accounts Payable 3,600 Salary payable Unearned service revenue 900 b Carl Haupt, Capital 10,000 Carl Haupt, Withdrawals 1,600 Service Revenue 2,500
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Rent Expense 500 Utilities Expense 200 Salary expense e Depreciation expense - Equipment 0 d Depreciation expense - Furniture 0 d Supplies expense 0 c Total 17,000 17,000 Haupt Consulting, Inc.
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