ACC 290 Week 3 Individual Problems and Exercises – A + Material Comments Feed" href="/"/>

ACC 290 Week 3 Individual Problems and Exercises - A + Material

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BE4-1

    cash   net income
A.

B.

C.

D.

E.

F.

  -100

0

0

+800

-2,500

0

  0

-20

+1,300

0

0

-600

 

 

 

 

 

 

 

P4-2A

 

 

 

 

  Date   Accounts   Debit   Credit
 

1.

June 30    

Accounts Rec.

   

3,900

   

 

3,900

               
2. 30   Unearned Service Rev.   4,100    

4,100

               
3. 30   Insur. Exp.     240    

 

240

               
4. 30   Utility Exp.   180    
              180
5. 30   Salary Exp.   1,250    

1,250

               
6. 30   Depreciation Exp.     250    

 

250

               
7. 30   Supply Exp.   1,280    

1,280

 

 

 

 

Cash
6/30 … 6,850  

 

Accounts Receivable
6/30 … 7,000

6/30 3,900

 
6/30 … 10,900  
   
N/A
   
   

 

 

Supplies
6/30 … 2,000 6/30 1,280
6/30 … 720  

 

 

Prepaid Insurance
6/30 … 2,880 6/30 240
6/30 … 2,640  


 

 

 

Equipment
6/30 … 15,000  

 

 

 

 

Accounts Pay.
  6/30 …  4,230
  6/30 180
  6/30 4,410

 

 

Salary Pay.
  6/30  1,250
  6/30 …  1,250

 

 

Unearned Service Rev.
6/30  4,100 6/30 …  5,200
  6/30 …  1,100

 

 

Common Stock
  6/30 … 22,000

 

 

 

Salary Exp.
6/30 … 4,000

6/30 1,250

 
6/30 … 5,250  

 

 

Rent Exp.
6/30 … 2,000  

 

 

 

 

Insur. Exp.
6/30   240  
6/30 Bal.   240  

 

 

Utilities Exp.
6/30   180  
6/30 …   180  

 

 

Supply Exp.
6/30 1,280  
6/30 … 1,280  

 

 

Accumulated Depreciation

 

  6/30    250
  6/30 …    250

 

 

Depreciation Exp.
6/30   250  
6/30 …   250  

 

 

Service Rev.
  6/30 …  8,300

6/30  4,100

6/30  3,900

  6/30 … 16,300

 

 

 

Vogel Consult.

Adjusted Trial Balance

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