Project #9240 - Accountant

Please look below for the tab stating (Complete Worksheet)

Jacksonville Financial Services Co., which specializes in appliance repair services, is owned and operated by Cindy Latty.  Jacksonville Financial Services Co.'s accounting clerk prepared the unadjusted trial balance at December 31, 2011, shown below.
                       
                       
  Jacksonville Financial Services Co.              
  Unadjusted Trial Balance              
    December 31, 2011                
                       
        Debit   Credit           
        Balances   Balances          
Cash       10,200              
Accounts Receivable     34,750              
Prepaid Insurance     6,000              
Supplies       1,725              
Land       50,000              
Building       80,750              
Accumulated Depreciation -- Building     37,850          
Equipment     45,000              
Accumulated Depreciation -- Equipment     17,650          
Accounts Payable         3,750          
Unearned Rent         3,600          
Capital Stock         25,000          
Retained Earnings         78,550          
Dividends       8,000              
Fees Earned         158,600          
Salaries and Wages Expense   56,850              
Utilities Expense     14,100              
Advertising Expense     7,500              
Repairs Expense     6,100              
Miscellaneous Expense   4,025              
        325,000   325,000          
                       
                       
The data needed to determine year end adustments are as follows:          
                       
(a) Depreciation of building for the year, $2,100.              
(b) Depreciation of equipment for the year, $3000.            
(c) Accrued salaries and wages at December 31, $800.            
(d) Unexpired insurance at December 31, $1,500.              
(e) Fees earned but unbilled on December 31, $2,150.            
(f) Supplies on hand at December 31, $600.              
(g) Rent unearned at December 31, $1,500.              
                       
Please use the drop-down list (right of the cell) to enter the account description box on the worksheet.    
                       
To Do:                      
Using the form provided on the next worksheet, journalize the adjusting entries.  Add additional accounts as needed.  
                       
                       

Subject General
Due By (Pacific Time) 07/19/2013 12:00 am
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