Financial ing (7th Edition) P4-2a 66v1p
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PROBLEM 4-2A
(a) 1. June 31 2. 3. 4. 5. 6.
7.
31 31 31 31 31
31
Supplies Expense ................................... Supplies ($2,600 – $1,050) ..............
1,280
Utilities Expense ..................................... Payable .............................
180
Insurance Expense ................................ Prepaid Insurance ...........................
240
Unearned Service Revenue .................. Service Revenue..............................
4,100
Salaries and Wages Expense ................ Salaries and Wages Payable ..........
1,250
Depreciation Expense ............................ Accumulated Depreciation— Equipment ....................................
250
Receivable ................................ Service Revenue..............................
3,900
Copyright © 2013 John Wiley & Sons, Inc.
Kimmel, Financial ing, 7/e, Solutions Manual
1,280 180 240 4,100 1,250
250
(For Instructor Use Only)
3,900
4-1
(b)
6/30 Bal.
Cash 6,850
Receivable 6/30 Bal. 7,000 6/30 3,900 6/30 Bal. 10,900
6/30 Bal. 6/30 Bal.
Supplies 2,000 6/30 720
Prepaid Insurance 6/30 Bal. 2,880 6/30 6/30 Bal.
1,280
240
2,640
Equipment 6/30 Bal. 15,000 Accumulated Depreciation— Equipment 6/30 Bal. 250 s Payable 6/30 Bal. 6/30 6/30 Bal.
4,230 180 4,410
Salaries and Wages Payable 6/30 Bal. 1,250
Copyright © 2013 John Wiley & Sons, Inc.
Kimmel, Financial ing, 7/e, Solutions Manual
(For Instructor Use Only)
4-2
Unearned Service Revenue 6/30 4,100 6/30 Bal. 5,200 6/30 Bal.
1,100
Common Stock 6/30 Bal. 22,000 Service Revenue 6/30 Bal. 8,300 6/30 4,100 6/30 3,900 6/30 Bal. 16,300 Salaries and Wages Expenses 6/30 Bal. 4,000 6/30 1,250 6/30 Bal. 5,250 Rent Expenses 6/30 Bal. 2,000 Depreciation Expenses 6/30 Bal. 250 Insurance Expenses 6/30 Bal. 240 Utilities Expenses 6/30 Bal. 180 Supplies Expenses 6/30 Bal. 1,280 Copyright © 2013 John Wiley & Sons, Inc.
Kimmel, Financial ing, 7/e, Solutions Manual
(For Instructor Use Only)
4-3
(c)
LUMAS CONSULTING Adjusted Trial Balance June 30, 2014 Cash .................................................................... s Receivable ......................................... Supplies .............................................................. Prepaid Insurance .............................................. Equipment .......................................................... Accumulated Depreciation—Equipment .......... s Payable .............................................. Unearned Service Revenue ............................... Salaries and Wages Payable ............................. Common Stock .................................................. Service Revenue ................................................ Salaries and Wages Expense ............................ Rent Expense ..................................................... Depreciation Expense ....................................... Insurance Expense ............................................ Utilities Expense ................................................ Supplies Expense ..............................................
Copyright © 2013 John Wiley & Sons, Inc.
Debit $ 6,850 10,900 720 2,640 15,000
Credit
$
5,250 2,000 250 240 180 1,280 $45,310
Kimmel, Financial ing, 7/e, Solutions Manual
250 4,410 1,100 1,250 22,000 16,300
$45,310
(For Instructor Use Only)
4-4
(a) 1. June 31 2. 3. 4. 5. 6.
7.
31 31 31 31 31
31
Supplies Expense ................................... Supplies ($2,600 – $1,050) ..............
1,280
Utilities Expense ..................................... Payable .............................
180
Insurance Expense ................................ Prepaid Insurance ...........................
240
Unearned Service Revenue .................. Service Revenue..............................
4,100
Salaries and Wages Expense ................ Salaries and Wages Payable ..........
1,250
Depreciation Expense ............................ Accumulated Depreciation— Equipment ....................................
250
Receivable ................................ Service Revenue..............................
3,900
Copyright © 2013 John Wiley & Sons, Inc.
Kimmel, Financial ing, 7/e, Solutions Manual
1,280 180 240 4,100 1,250
250
(For Instructor Use Only)
3,900
4-1
(b)
6/30 Bal.
Cash 6,850
Receivable 6/30 Bal. 7,000 6/30 3,900 6/30 Bal. 10,900
6/30 Bal. 6/30 Bal.
Supplies 2,000 6/30 720
Prepaid Insurance 6/30 Bal. 2,880 6/30 6/30 Bal.
1,280
240
2,640
Equipment 6/30 Bal. 15,000 Accumulated Depreciation— Equipment 6/30 Bal. 250 s Payable 6/30 Bal. 6/30 6/30 Bal.
4,230 180 4,410
Salaries and Wages Payable 6/30 Bal. 1,250
Copyright © 2013 John Wiley & Sons, Inc.
Kimmel, Financial ing, 7/e, Solutions Manual
(For Instructor Use Only)
4-2
Unearned Service Revenue 6/30 4,100 6/30 Bal. 5,200 6/30 Bal.
1,100
Common Stock 6/30 Bal. 22,000 Service Revenue 6/30 Bal. 8,300 6/30 4,100 6/30 3,900 6/30 Bal. 16,300 Salaries and Wages Expenses 6/30 Bal. 4,000 6/30 1,250 6/30 Bal. 5,250 Rent Expenses 6/30 Bal. 2,000 Depreciation Expenses 6/30 Bal. 250 Insurance Expenses 6/30 Bal. 240 Utilities Expenses 6/30 Bal. 180 Supplies Expenses 6/30 Bal. 1,280 Copyright © 2013 John Wiley & Sons, Inc.
Kimmel, Financial ing, 7/e, Solutions Manual
(For Instructor Use Only)
4-3
(c)
LUMAS CONSULTING Adjusted Trial Balance June 30, 2014 Cash .................................................................... s Receivable ......................................... Supplies .............................................................. Prepaid Insurance .............................................. Equipment .......................................................... Accumulated Depreciation—Equipment .......... s Payable .............................................. Unearned Service Revenue ............................... Salaries and Wages Payable ............................. Common Stock .................................................. Service Revenue ................................................ Salaries and Wages Expense ............................ Rent Expense ..................................................... Depreciation Expense ....................................... Insurance Expense ............................................ Utilities Expense ................................................ Supplies Expense ..............................................
Copyright © 2013 John Wiley & Sons, Inc.
Debit $ 6,850 10,900 720 2,640 15,000
Credit
$
5,250 2,000 250 240 180 1,280 $45,310
Kimmel, Financial ing, 7/e, Solutions Manual
250 4,410 1,100 1,250 22,000 16,300
$45,310
(For Instructor Use Only)
4-4
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