Terri Chichester_Unit4_Project

Terri Chichester_Unit4_Project - P3-11Name:Terri...

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Unformatted text preview: P3-11Name:Terri Chichester1 & 2. Enter the accounts and appropriate amounts in the shaded cel s.An asterisk (*) wil appear next to an incorrect amount in the outlined cel s.FIORILLO COMPANYWorksheetFor Year Ended December 31, 2010Retained EarningsTrial BalanceAdjustmentsIncome StatementStatement Balance SheetAccount TitlesDebitCreditDebitCreditDebitCreditDebitCreditDebitCreditCash1,900 1,900 Accounts Receivable4,700 4,700 Al owence for doubtful accounts60 240 300 Inventory8,700 8,700 Prepaid insurance600 175 425 Land4,100 4,100 Buildings38,000 38,000 Accumulated depreciation: buildings11,500 1,100 12,600 Equipment10,700 10,700 Accumulated depreciation: equipment3,100 600 3,700 Accounts payable4,300 4,300 Notes payable (due 3/1/11)1,400 1,400 Unearned rent1,200 800400 Mortgage payable (due 1/1/15)7,300 7,300 Capital stock (2,000 shares)10,000 10,000 Retained earnings (1/1/10)18,075 18,075 Dividends distributed1,300 1,300 Sales revenue49,355 49,355 Cost of goods sold27,185 27,185 Salaries expense4,080 370 4,450 Utilities expense2,000 2,000 Of ice supplies expense770 230 540 Delivery expense1,275 1,275 Other expense980 980 Totals106,290 106,290 1,700 1,700 bad debt expense240 240 Interest expense580 580 Interest payable...
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This note was uploaded on 11/14/2011 for the course AC300 300 taught by Professor Day during the Winter '10 term at Kaplan University.

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