Week+2+Team+-+Rebecca's+portion

Week+2+Team+-+Rebecca's+portion - Adj 1,167 (a) 1,167...

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Cash Accounts Receivable Permanent Accounts 31-Dec 18,500 31-Dec 42,000 Temporary Accounts Account closed to Income Summary 31-Dec Bal 18,500 31-Dec Bal 42,000 Allowance for Doubtful Accounts Bad Debt Expense 31-Dec 700 31-Dec Adj 1,400 (a) 1,400 31-Dec Adj 1,400 31-Dec Bal 2,100 Inventory 31-Dec 80,000 31-Dec 84,000 31-Dec Bal 80,000 31-Dec Bal 84,000 Accumulated Depreciation Furniture/Equip Depreciation Expense 31-Dec 35,000 31-Dec
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Unformatted text preview: Adj 1,167 (a) 1,167 31-Dec Adj 1,167 31-Dec Bal 36,167 84,000/6 years = $14,000/ year / 12 months = $1,167 per month Prepaid Insurance Insurance Expense 31-Dec 5,100 31-Dec Adj 2,550 31-Dec Adj 2,550 (a) 2,550 31-Dec Bal 2,550 Notes Payable Interest Expense 31-Dec 28,000 31-Dec Adj 3,360 (a) 3,360 31-Dec Bal 28,000 Interest Payable 31-Dec Adj 3,360 31-Dec Bal 3,360...
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This note was uploaded on 03/01/2012 for the course ACC all taught by Professor All during the Spring '12 term at University of Phoenix.

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