ACC 2101 Chapter Notes - Chapter 2: Trial Balance, Retained Earnings, Net Income
38 views2 pages
Get access
Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers
Related Documents
Related Questions
Debits | Credits | |||||
Cash | $ 6,672 | Accumulated DepreciationâEquipment | $ 620 | |||
Accounts Receivable | 512 | Notes Payable | 4,386 | |||
Prepaid Rent | 694 | Accounts Payable | 740 | |||
Supplies | 960 | Salaries and Wages Payable | 385 | |||
Equipment | 12,729 | Interest Payable | 79 | |||
Dividends | 516 | Unearned Rent Revenue | 358 | |||
Salaries and Wages Expense | 7,207 | Common Stock | 12,653 | |||
Rent Expense | 1,250 | Service Revenue | 11,051 | |||
Depreciation Expense | 620 | Rent Revenue | 1,486 | |||
Supplies Expense | 214 | $31,758 | ||||
Utilities Expense | 305 | |||||
Interest Expense | 79 | |||||
$31,758 |
Total Assets: ?
Total Liabilities: ?
Retained Earnings: ?
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:
1. | Cash balance according to the companyâs records at August 31, $18,257. |
2. | Cash balance according to the bank statement at August 31, $27,261. |
3. | Checks outstanding, $14,624. |
4. | Deposit in transit, not recorded by bank, $6,131. |
5. | A check for $58 in payment of an account was erroneously recorded in the check register as $580. |
6. | Bank debit memo for service charges, $11. |
Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles.
Chart of Accounts
CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Creative Design Co. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Journal
Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
ACCOUNTING EQUATION
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
---|---|---|---|---|---|---|---|---|
1 | ||||||||
2 | ||||||||
3 | ||||||||
4 |