Assignment for Chapter 4 (A) Adj

Assignment for Chapter 4 (A) Adj - Assignment for Chapter 4...

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Assignment for Chapter 4 Question 1 (a) General Journal J1 Date Account Titles and Explanation Ref. Debit Credit July 1 Cash 101 48,000 Common Stock 311 48,000 1 Equipment 157 24,000 Cash 101 12,000 Accounts Payable 201 12,000 3 Cleaning Supplies 128 5,200 Accounts Payable 201 5,200 5 Prepaid Insurance 130 9,600 Cash 101 9,600 12 Accounts Receivable 112 10,000 Service Revenue 400 10,000 18 Accounts Payable 201 4,800 Cash 101 4,800 20 Salaries Expense 726 4,800 Cash 101 4,800 21 Cash 101 5,600 Accounts Receivable 112 5,600 25 Accounts Receivable 112 20,000 Service Revenue 400 20,000 31 Gas & Oil Expense 633 800 Cash 101 800 31 Dividends 332 3,600 Cash 101 3,600
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(b)&(d) ZEUS’S WINDOW WASHING, INC. For the Month Ended July 31, 2008 Account Titles Trial Balance Adjusted Trial Balance Dr Cr Dr Cr Cash 18,000 18,000 Accounts Receivable 24,400 30,400 Cleaning Supplies 5,200 1,600 Prepaid Insurance 9,600 8,800 Equipment 24,000 24,000 Accounts Payable 12,400 12,400 Common Stock 48,000 48,000 Dividends 3,600 3,600 Service Revenue 30,000 36,000 Gas & Oil Expense 800 800 Salaries Expense 4,800 7,200 Totals 90,400 90,400 Depreciation Expense 1,200 Accum. Depr.—Equipment 1,200 Insurance Expense 800 Cleaning Supplies Expense 3,600 Salaries Payable 2,400 Totals 100,000 100,000 Key: (a) Service Revenue Earned; (b) Depreciation Expense; (c) Insurance Expired; (d) Cleaning Supplies Used; (e) Unpaid Salaries. ZEUS’S WINDOW WASHING, INC. For the Month Ended July 31, 2008 Account Titles Income Statement Balance Sheet Dr Cr Dr Cr Cash 18,000 Accounts Receivable 30,400 Cleaning Supplies 1,600 Prepaid Insurance 8,800 Equipment 24,000 Accum. Depr.—Equipment (1,200) Accounts Payable 12,400 Salaries Payable 2,400 Service Revenue 36,000 Salaries Expense 7,200 Gas & Oil Expense 800 Depreciation Expense 1,200 Insurance Expense 800 Cleaning Supplies Expense 3,600 Common Stock 48,000 Totals 13,600 36,000 81,600 62,800 Net Income 22,400 Retained Earning 18,800 Totals 36,000 36,000 81,600 81,600
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Assignment for Chapter 4 (A) Adj - Assignment for Chapter 4...

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