Accounting Exercise two

 Accounting Exercise 2 Article

п»ї

Transaction Funds Net Income

a) Purchased $22.99 of products for funds. -100 0 b) Registered an changing entry to record work with $20 of the above materials. 0 -20 c) Produced sales of $1, three hundred, all in account. zero 1, 300 d) Received $800 by customers in payment of their accounts. 800 0 e) Purchased tools for cash, $2, 500. -2, 500 0 f) Recorded depreciation of building intended for period utilized, $600. 0 -600

a)

Adjusting items on 06 30

Debit

Credit

Supplies Expenditure

1280

Materials on hand

1280

Utilities Expense

180

Utilities payable

one hundred and eighty

Insurance Expenditure

240

Prepaid Insurance

240

Unearned Support Revenue

4100

Service Earnings

4100

Salaries and Pay Expense

1250

Salaries and Wages payable

1250

Devaluation Expense

250

Accumulated Depreciation—Equipment

250

Accounts Receivable

3900

Service Earnings

3900

b)

Gil Vagel

Adjusted Trial balance in June 30

Debit

Credit rating

Cash

6850

Accounts Receivable

10900

Prepaid Insurance

2640

Supplies

720

Equipment

15000

Accumulated Depreciation—Equipment

250

Accounts Payable

4230

Utilities payable

180

Incomes and Pay payable

1250

Unearned Support Revenue

1100

Common Share

22000

Assistance Revenue

16300

Salaries and Wages Expense

5250

Hire Expense

2000

Supplies price

1280

Utiliites Expense

180

Insurance Expenditure

240

Deprecation expense

two hundred fifty

45310

45310

C)

Items on hand

Programs payable

2k

1280

180

Prepaid Insurance

Unearned Support Revenue

2880

240

4100

5200

Built up Depreciation—Equipment

Assistance Revenue

two hundred and fifty

8300

4100

3900

Accounts Receivable

Incomes and Wages payable

7000

1250

3900

Supplies expenditure

1280

ammenities expense

one hundred and eighty

Insurance Expenditure

240

Salaries and Income Expense

four thousand

1250

Downgrading Expense

250

a)

Adjusting records on May 23

Debit

Credit

Insurance price

450

Pre-paid insurance

435.00

Supplies Expense

1, 550

Supplies

you, 550

Devaluation Expences

300

Built up Depreciation--Building

300

Deoreciation Expences

two hundred and fifty

Accumulated Depreciation--Equipment

250

Fascination Expence

one hundred and eighty

Interest Payable

180

Unearned Lease Revenue

a couple of, 500

Lease Revenue

two, 500

Incomes and Pay Expence

900

Salaries and Wages Payable

900

b)

Cash

Supplies

2, 500

two, 600

1, 500

you, 050

Pre-paid Insurance

Area

1, 800

450

15, 000

1, 350

Building

Mortgage Payable

70, 1000

36, 000

Accumulated Depreciation -- Building

Common Share

300

60, 000

300

Equipment

Lease Revenue

of sixteen, 800

Share:

Related

 community services Essay 09.08.2019

community services Essay

351 09.08.2019

community companies

Case study You really are a worker on the Whitford Community Centre. The centre is located in a large housing house on the edge of a major metropolis.…...

Read →
 Measurement of National Income Essay 20.08.2019

Measurement of National Income Essay

Measurement of Nationwide Income • Like the accounts of a organization national profits accounts possess two edges: a product area and earnings side. • On the merchandise side development…...

Read →
 Happiness, A definition Dissertation 08.08.2019

Happiness, A definition Dissertation

157 08.08.2019

Happiness

What is delight? Their is actually a hundred definitions to any one individual. The book defines it as feeling or exhibiting pleasure or perhaps contentment. It also says it…...

Read →
 Tower Encoche Essay 08.08.2019

Tower Encoche Essay

991 08.08.2019

Structure Cranes

Abstract Throughout the popsicle stick tower system crane tasks, groups had been instructed to develop a tower system crane reproduction out of popsicle sticks, with the aim…...

Read →
 Plato: The Miserable Tyrant is the Worst of Souls Essay 08.08.2019

Plato: The Miserable Tyrant is the Worst of Souls Essay

The Miserable Tyrant may be the Worst of Souls Plato's The Republic centers over a simple issue: is it preferable to be only than unjust? In answering this overlying question…...

Read →
 Essay regarding Love Ur Parent 08.08.2019

Essay regarding Love Ur Parent

428 08.08.2019

Love Your Parent

1 ) Kecerdasan penjuru Teori Howard Gardner. Ciri-ciri dan contoh. LinguisticВ Intelligence 5. involves understanding the order and meaning of words in both speech and producing and how to properly use…...

Read →
 Case Study: Leadership Analysis Essay 08.08.2019

Case Study: Leadership Analysis Essay

394 08.08.2019

Case Study: Leadership

(Case Examine: live example framed in best of the sequence analyzed after the personal interview in the entrepreneur with sequence of structured open ended questionnaire identifying the leadership style and…...

Read →