บทความบัญชี

Financial Account (Textbook) Adjust ข้อ1

ข้อ1

Deanna Nardelli started her own consulting firm, Nardelli Consulting, on May 1, 2014.

The trial balance at May 31 is as follows.

NARDELLI CONSULTING

Trial Balance

May 31, 2014

 

 

 

 

Account Number

 

Debit

Credit

101

Cash

$4,500

 

112

Accounts Receivable

6,000

 

126

Supplies

1,900

 

130

Prepaid Insurance

3,600

 

149

Equipment

11,400

 

201

Accounts Payable

 

$4,500

209

Unearned Service Revenue

 

2,000

301

Owner’s Capital

 

17,700

400

Service Revenue

 

7,500

726

Salaries and wages Expense

3,400

 

729

Rent Expense

        900

   

 

 

$31,700

$31,700

 

In addition to those accounts listed on the trial balance, the chart of accounts for Nardelli Consulting also contains the following accounts and account numbers: No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 631 Supplies Expense, No. 717 Depreciation Expense, No. 722 Insurance Expense, and No. 732 Utilities Expense.

Other data:

1.

$900 of supplies have been used during the month.

2.

Utilities expense incurred but not paid on May 31, 2014, $250.

3.

The insurance policy is for 2 years.

4.

$400 of the balance in the unearned service revenue account remains unearned at the end of the month.

5.

May 31 is a Wednesday, and employees are paid on Fridays. Narelli Consulting has two employees, who are paid $900 each for a 5-day work week.

6.

The office furniture has a 5-year life with no salvage value. It is being depreciated at $190 per month for 60 months.

7.

Invoices representing $1,700 of services performed during the month have not been recorded as of May 31.

Instructions

(a)

Prepare the adjusting entries for the month of May. Use J4 as the page number for your journal

(b)

Post the adjusting entries to the ledger accounts, Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column.

(c)

Prepare an adjusted trial balance at May 31, 2014.


เฉลย

 

1

Dr.

Supplies Expenses

  900

 

 

 

Cr.

Supplies

 

  900

2

Dr.

Utilities expense 

  250

 

 

 

Cr.

Accounts Payable

 

  250

3

Dr.

Insurance Expense

  150

 

 

 

Cr.

Prepaid Insurance

 

  150

4

Dr.

Unearned Service Revenue

 1,600

 

 

 

Cr.

Service Revenue

 

 1,600

5

Dr.

Salaries and wages Expense

 1,080

 

 

 

Cr.

Salaries and Wages Payable

 

 1,080

6

Dr.

Depreciation Expenses

  190

 

 

 

Cr.

Accumulated Depreciation

 

  190

7

Dr.

Accounts Receivable

 1,700

 

 

 

Cr.

Service Revenue

 

 1,700

 

      

    สมัครสมาชิกก่อนDownload (ฟรี)