Week 4

Week 4 - P5- 43Req.1PLEASE COMPLETE ALL THE PINK AREASYou...

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Unformatted text preview: P5- 43Req.1PLEASE COMPLETE ALL THE PINK AREASYou may have to add more rows are neededJournal EntryDateAccounts Jan2 Cash Service revenuePerformed service, received cashJan2 Prepaid RentCashPrepaid 3 months rentJan7 InventoryAccount Payablepurchased 100 units @ $19plus freightJan16 Salary ExpenseSalary PayableCashPaid salaryJan18 Account Receivable Sale RevenueSale on accountJan18 Cost of good soldInventoryRecorded cost of goods soldJan19 Account Receivable Service RevenuePerformed service on accountJan21 Account PayableCashPaid off accountJan22 Inventory Account PayablePurchased 200 units @ $23Jan22 Utilites expense CashPaid utilitiesJan28 Cash Sale revenueJan28 Cost of good sold (30 units @ $19)Cost of good sold (70 units @ $23)InventoryJan31 Salary expenseSalary payableJan31 Depreciation expense-equipmentDepreciation expense-furnitureAccumulate depreciation expense-equipAccumulate depreciation expense-furnitDepreciation expenseAccumulated depreciationJan31 Rent expensePrepaid rentJan31 Cost of good soldInventoryReq.2PLEASE COMPLETE ALL THE PINK, TAN and YELYou may have to add more rows are neededCashEquipmenDescriptionDebitCreditDescriptioBal7700BalJan. 27200Bal.Jan. 21,500Jan. 161,400AccumulaJan. 212,000DescriptioJan. 22300BalJan. 284000Bal.189005,200Bal.13,700FurnitureDescriptioAccounts ReceivableBalDescriptionDebitCreditBal.Bal1500Jan. 183100AccumulaJan. 19900DescriptioBal.5,500BalBal.Software InventoryDescriptionDebitCreditPrepaid RJan. 72000DescriptioJan. 181330Jan. 2Jan. 224600adjJan. 282180adj330Bal.66003,840Bal.2,760AccumulaDescriptioSuppliesadj.DescriptionDebitCreditBal.Bal100Bal100Closing EntriesDateAccounts Jan31 Service RevenueSale RevenueIncome SummaryJan31 Income SummaryCost of Goods SoldRent ExpenseUtilities ExpenseSalary ExpenseDepreciation ExpenseJan31Income SummaryC. Haupt, CapitalJan31 C. Haupt CapitalC. Haupt, WithdrawalsReq.3PLEASE COMPLETE ALL THE PINK AREASHaupt Consulting, Inc.Post Closing Trial BalanceJanuary 31, 2011AccountCashAccounts receivableInventorySuppliesPrepaid RentEquipmentAccumulated Depreciation-EquipmentFurnitureAccumulated Depreciation-FurnitureAccumulated DepreciationAccounts PayableSalary Payable...
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Week 4 - P5- 43Req.1PLEASE COMPLETE ALL THE PINK AREASYou...

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