accoutning rewview problems

accoutning rewview problems - Acct. 2001 Exam 1 Review...

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Acct. 2001 Exam 1 Review Problem Spring 2010 P4-5B Lee Choi opened Choi's Window Washing, Inc. on July 1, 2008. During July the following transactions were completed. The chart of accounts for Choi's Window Washing contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation—Equipment, No. 201 Accounts Payable, No. 212 Salaries Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, No. 633 Gas & Oil Expense, No. 634 Cleaning Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries Expense. Modified Instructions: a. Journalize the July transactions. b. Using the attached Trial Balance, prepare the following adjusting entries: 1. Services provided but unbilled and uncollected at July 31 were $1,500. 2. Depreciation on equipment for the month was $300.
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accoutning rewview problems - Acct. 2001 Exam 1 Review...

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