Week 3 Solutions

Week 3 Solutions - P3-43The trial balance for Consulting at...

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Unformatted text preview: P3-43The trial balance for Consulting at December 18, 2010 is as fol ows:PLEASE COMPLETE ALL THE PINK AREASHaupt Consulting, Inc.Trial BalanceDecember 18, 2010AccountDebitCreditCash$8,100 Accounts receivable1,700 Supplies300 Equipment2,000 Accumulated depreciation-equipmentFurniture3,600 Accumulated depreciation-furnitureAccounts payable3,900Unearned Service revenueCarl Haupt, Capital10,000Carl Haupt, WithdrawalsService revenue2,500Rent expense500 Utilities expense200 Depreciation expense-equipmentDepreciation expense-furnitureTotal$16,400$16,400You may have to add more rows are neededReq 1Haupt Consulting, Inc.Journal Entry DateAccountsDebitCreditDec.21 Cash 900Unearned Service revenue900Dec.26 Account Payable300Cash300Dec.28 Cash 600Account Receivable 600Dec. 30 C. Haupt, Withdrawals1,600 Cash1600You may have to add more rows are neededReq 2CashDebit Credit Dec 210,000Dec 2500FurnitureC. Haupt., Withdrawals1880032000Debit Credit Debit Credit 2190012200Dec 43600Dec Dec 301600Dec 2860026300301600Bal.3600Bal.1600Bal.7,700Accounts receivableAccounts payableService revenueDebit Credit Debit Credit Debit Credit Dec 91,700Dec 28600Dec 26300Dec 43,600Dec Dec 91,700530018800Bal.1,100Bal.3,600Bal.2,500SuppliesUnearned Service revenueRent expenseDebit Credit Debit Credit Debit Credit Dec 5300Dec Dec 21900Dec 2500Dec Bal.300Bal.900Bal.500EquipmentC. Haupt, Capital Utilities expenseDebit Credit Debit Credit Debit Credit Dec 32,000Dec Dec 210,000 Dec 12200Dec Bal.2,000Bal.10,000 Bal.200Req 3 & 4Haupt ConsultingWork SheetDecember 31,2010Adjusted Trial alanceIncome StatementBalance SheetAccountDebitCreditDebitCreditDebitCreditCash7,7007,700Accounts Receivable1,1004001,500Supplies300200100Equipment2,0002,000Accumulated depriciation-equip.3333Furniture3,6003,600Accumulated depriciation-furn.6060Accounts payable3,6003,600Salary payable500500Unearned service revenue900300600Carl, Haupt, Capital10,00010,000Carl, Haupt, Withdrawals1,6001,600Service revenue2,5007003200Rent Expense500500Utilies expense200200Salary expense500500Depreciation expense-equip.3333Depreciation expense-furn.6060Supplies expense200200Total17,00017,0001,4931,49317,99317,993Net incomeReq 5Haupt Consulting, Inc....
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Week 3 Solutions - P3-43The trial balance for Consulting at...

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