week 4 in xacc - BRIEF EXERCISE 4-1 Cash A B Net Income...

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BRIEF EXERCISE 4-1 Cash Net Income A $(100.00) $- B $- ($20) C $0 $1,300 D $800 $800 E ($2,500) $0 F $0 ($600)
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PROBLEM 4-2A A) GENERAL JOURNAL DATE ACCOUNT TITLE AND EXPLANATION DEBIT CREDIT 1) June 30 supplies expense 1,280 materials 1,280 ( to record materials concumed) 2) utilities expense 180 utilities payable 180 (to document bunpaid utility) 3) insurance expense 240 prepaid insurance 240 (to document insurance expired) 4 unearned service income 4,100 service income 4,100 (to record income earned 5 wages and salaries expense 1,250 wage and salaries payable 1,250 (to document accrued salaries) 6 depreciation expense 250 accumulated depreciation equip 250 (to document monthly depreciation) accounts payable 3,900 7) service income 3,900 (to document service income earned however ntot paid)
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PROBLEM 4-2A B) Cash Prepaid Insurance 6,850 6/1/2012 6/30/2012 6,850 6/30/2012 2880 240 2640 Accounts Receivable Supplies 7000 2,000 3,900 1280 10,900 720 Equipment Salaries and Wages Expense 4,000 15,000 1,250 15000 5,250 Accumulated Depreciation - Equipment Rent Expense 250 2,000 250 2000 Accounts Payable Depreciation Expense 4,230 250 250 4230 Utilities Payble Insurance Expense 180 240 180 240
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  • Fall '10
  • KERIO'MALLEY
  • Expense, Generally Accepted Accounting Principles, Vang Hotel

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