Name

Worksheet
Company Name
Work Sheet
For Month Ended Date, Year

Unadjusted Adjusted
Trial Balance Adjustments Trial Balance
Account Titles Dr. Cr. Dr. Cr. Dr. Cr.
Cash $ 26,000 26,000
Accounts receivable - -
Teaching supplies 10,000 10,000
Prepaid insurance 15,000 15,000
Prepaid rent 2,000 2,000
Professional library 30,000 -
Accumulated depreciation-Professional library $ 9,000 14,000
Equipment 70,000 39,000
Accumulated depreciation-Equipment 16,000 -
Accounts payable 36,000 115,800
Salaries payable - -
Unearned training fees 11,000 -
T. Wells, Capital 63,600 -
T. Wells, Withdrawals 40,000 -
Tuition fees earned 102,000 -
Training fees earned 38,000 -
Depreciation expense-Professional library - -
Depreciation expense-Equipment - -
Salaries expense 48,000 48,000
Insurance expense - 101,000 168,800
Rent expense 22,000
Teaching supplies expense -
Advertising expense 7,000
Utilities expense 5,600
Totals $ 275,600 $ 275,600
Given Data P03-04A:

JJW COMPANY
Worksheet

Unadjusted Adjusted
Trial Balance Adjustments Trial Balance
Account Debit Credit Debit Credit Debit Credit
Cash $27,000 $27,000
Accounts receivable 12,000 10,460 22,460
Office supplies 18,000 15,000 3,000
Prepaid insurance 7,320 2,440 4,880
Office equipment 92,000 92,000
Accumulated depreciation, Office equipment $12,000 6,000 $18,000
Accounts payable 9,300 900 10,200
Interest payable 0 800 800
Salaries payable 0 6,600 6,600
Unearned consulting fees 16,000 1,700 14,300
Long-term notes payable 44,000 44,000
K. Jenkins, Capital 28,420 28,420
K. Jenkins, Withdrawals 10,000 10,000
Consulting fees earned 156,000 12,160 168,160

Depreciation expense, Office equipment 0 6,000 6,000

Salaries expense 71,000 6,600 77,600
Interest expense 1,400 800 2,200
Insurance expense 0 2,440 2,440
Rent expense 13,200 13,200
Office supplies expense 0 15,000 15,000
Advertising expense 13,800 900 14,700
Totals $265,720 $265,720 $43,900 $43,900 $290,480 $290,480

Additional information:

K. Jenkins, Capital, July 31, 2008 $ 28,420

Current-year withdrawals 10,000

Check figures:
(2) Net income $37,020
K. Jenkins, Capital (7/31/2009) 55,440
Total assets 131,340
 Student Name: Instructor
Class: McGraw-Hill/Irwin
Problem 03-04A

KLJ COMPANY
Worksheet

Unadjusted Adjusted
Trial Balance Adjustments Trial Balance
Account Debit Credit (Ltr) Debit (Ltr) Credit Debit Credit
Cash $27,000 $27,000
Accounts receivable 12,000 (a) 10,460 22,460
Office supplies 18,000 (b) 15,000 3,000
Prepaid insurance 7,320 (c) 2,440 4,880
Office equipment 92,000 92,000
Accumulated depreciation, Office equipment $12,000 (d) 6,000 $18,000
Accounts payable 9,300 (e) 900 10,200
Interest payable 0 (f) 800 800
Salaries payable 0 (g) 6,600 6,600
Unearned consulting fees 16,000 (h) 1,700 14,300
Long-term notes payable 44,000 44,000
K. Jenkins, Capital 28,420 28,420
K. Jenkins, Withdrawals 10,000 10,000
Consulting fees earned 156,000 (a) 10,460 168,160
(h) 1,700
Depreciation expense, Office equipment 0 (d) 6,000 6,000
Salaries expense 71,000 (g) 6,600 77,600
Interest expense 1,400 (f) 800 2,200
Insurance expense 0 (c) 2,440 2,440
Rent expense 13,200 13,200
Office supplies expense 0 (b) 15,000 15,000
Advertising expense 13,800 (e) 900 14,700
Totals $265,720 $265,720 $43,900 $43,900 $290,480 $290,480
Try again! Try again!

Description of purpose for adjusting entry:

(a) Earned but uncollected revenues.
(b) Cost of office supplies used.
(c) Cost of expired insurance coverage.
(d) Depreciation expense on office equipment.
(e) Incurred but unpaid advertising expense.
(f) Incurred but unpaid interest expense.
(g) Incurred but unpaid salaries expense.
(h) Earned revenues previously received in advance.
 Student Name: Instructor
Class: McGraw-Hill/Irwin
Problem 03-04A

JJW COMPANY
Income Statement
For the Year Ended July 31, 2009

Revenues:
Consulting fees earned $168,160

Expenses:
Depreciation expense-Office equipment $6,000
Salaries expense $77,600
Interest expense $2,200
Insurance expense $2,440
Rent expense $13,200
Office supplies expense $15,000
Advertising expense $14,700
Total expenses 131,140
Net income $37,020
Try again!

JJW COMPANY
Statement of Changes in Owner's Equity
For the Year Ended July 31, 2009

K. Jenkins, Capital, July 31, 2008 $28,420

Plus: Net income 37,020
Total $65,440
Less: Owner withdrawals 10,000
K. Jenkins, Capital, July 31, 2009 $55,440
Try again!
 Student Name: Instructor
Class: McGraw-Hill/Irwin
Problem 03-04A

JJW COMPANY
Balance Sheet
July 31, 2009

Assets
Cash $27,000
Accounts receivable $22,460
Office supplies $3,000
Prepaid insurance $4,880
Office equipment $92,000
Accumulated depreciation-Office equipment (18,000) 74,000
Total assets $131,340 $131,340

Liabilities
Accounts payable $10,200
Interest payable $800
Salaries payable $6,600
Unearned consulting fees $14,300
Long-term notes payable $44,000
Total liabilities 75,900

Owner's Equity
K. Jenkins, Capital 55,440
Total liabilities and equity $131,340
Try again!
 Name
Worksheet
Company Name
Work Sheet
For Month Ended Date, Year

Unadjusted Adjusted
Trial Balance Adjustments Trial Balance
Account Titles Dr. Cr. Dr. Cr. Dr. Cr.
Cash 28,750 28,750
Merchandise inventory 13,000 2,700 10,300
Store supplies 5,500 2,950 2,550
Prepaid insurance 2,400 1,450 950
Store equipment 42,600 42,600
Accumulated depreciation-Store equipment 19,750 1,975 21,725
Accounts payable 14,000 14,000
A.Helix, Capital 39,000 39,000
A.Helix, Withdrawals 2,000 2,000
Sales 115,800 115,800
Sales discounts 1,900 1,900
Sales returns and allowances 2,300 2,300
Cost of goods sold 38,000 2,700 40,700
Depreciation expense-Store equipment - 1,975 1,975
Salaries expense 27,400 27,400
Insurance expense - 1,450 1,450
Rent expense 15,000 15,000
Store supplies expense - 2,950 2,950
Advertising expense 9,700 9,700
TOTAL 188,550 188,550 9,075 9,075 190,525 190,525
 Student Name: Instructor
Class: McGraw-Hill/Irwin
Problem 04-02A

NOTE: Ledger accounts begin at cell A150, and show all entries that need to be posted.

ADVENTURE TRAVEL
General Journal
Date Account Titles Acct. No. Debit Credit
Transactions for April (Part 2):
Apr 1 Cash 101 20,000
Computer Equipment 167 40,000
J. Stafford, Capital 301 60,000 «- Try again!
2 Rent Expense 640 1,700
Cash 101 1,700 «- Try again!
3 Office Supplies 124 1,100
Cash 101 1,100 «- Try again!
10 Prepaid Insurance 128 3,600
Cash 101 3,600 «- Try again!
14 Salaries Expense 622 1,800
Cash 101 1,800 «- Try again!
24 Cash 101 7,900
Commissions Earned 405 7,900 «- Try again!
28 Salaries Expense 622 1,800
Cash 101 1,800 «- Try again!
29 Repairs Expense 684 250
Cash 101 250 «- Try again!
30 Telephone Expense 688 650
Cash 101 650 «- Try again!
30 J. Stafford, Withdrawals 302 1,500
Cash 101 1,500 «- Try again!
Adjusting Entries (Part 4):
Apr 30 Insurance Expense 637 200
Prepaid Insurance 128 200 «- Try again!
30 Office Supplies Expense 650 400
Office Supplies 124 400 «- Try again!
30 Depreciation Expense, Computer Equipment 612 600
Accumulated Depreciation, Computer Equipmen 168 600 «- Try again!
30 Salaries Expense 622 320
Salaries Payable 209 320 «- Try again!
30 Accounts Receivable 106 1,650
Commissions Earned 405 1,650 «- Try again!
Closing Entries (Part 6)
Apr 30 Commissions Earned 405 9,550
Income Summary 901 9,550 «- Try again!
30 Income Summary 901 7,720
Depreciation Expense, Computer Equipment 612 600 «- Try again!
Salaries Expense 622 3,920 «- Try again!
Insurance Expense 637 200 «- Try again!
Rent Expense 640 1,700 «- Try again!
Office Supplies Expense 650 400 «- Try again!
Repairs Expense 684 250 «- Try again!
Telephone Expense 688 650 «- Try again!
30 Income Summary 901 1,830
J. Nozomi, Capital 301 1,830 «- Try again!
30 J. Nozomi, Capital 301 1,500
J. Nozomi, Withdrawals 302 1,500 «- Try again!
 SEE-IT-NOW TRAVEL
Unadjusted Trial Balance
April 30, 2009
Adjustments
Account Titles Debits Credits Debits
Cash $15,500
Accounts receivable 0 1,650
Office supplies 1,100
Prepaid insurance 3,600
Computer equipment 40,000
Accumulated depreciation, computer equipment 0
Salaries payable 0
J. Stafford, Capital 60,000
J. Stafford, Withdrawals 1,500
Commissions earned 7,900
Depreciation, computer equipment 0 600
Salaries expense 3,600 320
Insurance expense 0 200
Rent expense 1,700
Office supplies expense 0 400
Repairs expense 250
Telephone expense 650
Totals $ 67,900 $ 67,900 $ 3,170
Adjustments Adjusted Trial Balance
Credits Debits Credits
$ 15,500
1650
400 700
200 3,400
40,000
600 600
320 320
$ 60,000
1,500
1,650 9,550
600
3,920
200
1,700
400
250
650
$ 3,170 $ 70,470 $ 70,470
 ADVENTURE TRAVEL
Income Statement
For Month Ended April 30, 2009

Commissions earned $9,550

Expenses:
Depreciation expense, computer equipment $600
Salaries expense $3,920
Insurance expense $200
Rent expense $1,700
Office supplies expense $400
Repairs expense $250
Telephone expense $650
Total expenses 7,720
Net income $1,830
Try again!

ADVENTURE TRAVEL
Statement of Owner's Equity
For Month Ended April 30, 2009

J. Nozomi, Capital, April 1, 2009 $0

Plus: Investment by owner $60,000
Net income 1,830 61,830
Total $ 61,830
Less withdrawals 1,500
J. Nozomi, Capital, April 30, 2009 $ 60,330 $ 60,330
Try again!

ADVENTURE TRAVEL
Balance Sheet
April 30, 2009

Assets
Cash $15,500
Accounts receivable $1,650
Office supplies $700
Prepaid insurance $3,400
Computer equipment $40,000
Accumulated depreciation, computer equipment (600) 39,400
Total assets $60,650 $60,650
Liabilities
Salaries payable $ 320
Owner's Equity
J. Nozomi, Capital 60,330
Total liabilities and equity $ 60,650
Try again!

ADVENTURE TRAVEL
Post-Closing Trial Balance
 April 30, 2009

Account Titles Debits Credits

Cash $ 15,500
Accounts receivable $ 1,650
Office supplies $ 700
Prepaid insurance $ 3,400
Computer equipment $ 40,000
Accumulated depreciation, computer equipment $ 600
Salaries payable $ 320
J. Nozomi, Capital 60,330
Totals $ 61,250 $ 61,250
Given Data P04-03A:

ADAMS CONSTRUCTION CO.

Unadjusted Trial Balance
June 30, 2011

101 Cash $ 17,500

126 Supplies 8,900
128 Prepaid insurance 6,200
167 Equipment 131,000
168 Accumulated depreciation-Equipment $ 25,250
201 Accounts payable 5,800
203 Interest payable -
208 Rent payable -
210 Wages payable -
213 Property taxes payable -
251 Long-term notes payable 24,000
301 S. Adams, Capital 77,660
302 S. Adams, Withdrawals 30,000
401 Construction fees earned 134,000
612 Depreciation expense-Equipment -
623 Wages expense 45,860
633 Interest expense 2,640
637 Insurance expense -
640 Rent expense 13,200
652 Supplies expense -
683 Property taxes expense 4,600
684 Repairs expense 2,810
690 Utilities expense 4,000
Totals $ 266,710 $ 266,710

Check figures:
(1) Ending capital balance
Net Income 39,300
(2) Post-closing trial balance totals
 ADAMS CONSTRUCTION CO.
Unadjusted Trial Balance
April 30, 2009

Account Titles Debits Credits

Cash $ 17,500
Supplies 8,900
Prepaid insurance 6,200
Equipment 131,000
Accumulated depreciation-Equipment $ 25,250
Accounts payable 5,800
Interest payable -
Rent payable -
Wages payable -
Property taxes payable -
Long-term notes payable 24,000
L.Charon, Capital 77,660
L.Charon, Withdrawals 30,000
Construction fees earned 134,000
Depreciation expense-Equipment -
Wages expense 45,860
Interest expense 2,640
Insurance expense -
Rent expense 13,200
Supplies expense -
Property taxes expense 4,600
Repairs expense 2,810
Utilities expense 4,000
Totals $ 266,710 $ 266,710
 Adjustments Adjusted Trial Balance
Debits Credits Debits Credits
$ 17,500.00
5,700 3,200
3,900 2,300
131,000
8,500 $ 33,750
550 6,350
240 240
200 200
1,600 1,600
900 900
24,000
77,660
30,000
134,000
8,500 8,500
1,600 47,460
240 2,880
3,900 3,900
200 13,400
5,700 5,700
900 5,500
2,810
550 4,550
$ 21,590 $ 21,590 $ 278,700 $ 278,700
 Student Name: Instructor
Class: McGraw-Hill/Irwin
Problem 04-03A

ADAMS CONSTRUCTION CO.

Income Statement
For the Year Ended June 30, 2011

Construction fees earned $ 134,000

Expenses:
Depreciation expense-Equipment $ 8,500
Wages expense $ 47,460
Interest expense $ 2,880
Insurance expense $ 3,900
Rent expense $ 13,400
Supplies expense $ 5,700
Property taxes expense $ 5,500
Repairs expense $ 2,810
Utilities expense $ 4,550
Total expenses 94,700
Net income $ 39,300
Try again!

ADAMS CONSTRUCTION CO.

Statement of Owner's Equity
For the Year Ended June 30, 2011

L.Charon, Capital, January 1, 2009 $77,660

Add net income 39,300
$116,960
Less withdrawals (30,000)
L.Charon, Capital, December 31, 2009 $86,960
Try again!

ADAMS CONSTRUCTION CO.

Balance Sheet
For the Year Ended June 30, 2011

Assets
Current assets
Cash $ 17,500
Office supplies 3,200
Prepaid insurance 2,300
Total current assets $ 23,000
Plant assets
Equipment 131,000
Accumulated depreciation-Equipment (33,750) 97,250
Total assets $ 120,250

Liabilities
Current liabilities
Accounts payable $ 6,350
Interest payable $ 240
Rent payable $ 200
 Student Name: Instructor
Class: McGraw-Hill/Irwin
Problem 04-03A

Wages payable $ 1,600

Property taxes payable $ 900
Current portion of long-term notes payable $ 5,000
Total current liabilities 14,290
Long-term notes payable $ 19,000
Equity
L.Charon, Capital 86,960
Total liabilities and equity $ 120,250
Try again!

ADAMS CONSTRUCTION CO.

For the Year Ended June 30, 2011

Adjusted Post-Closing
Trial Balance Closing Entries Trial Balance
No. Account Debit Credit (Jnl.) Debit (Jnl.) Credit Debit
101 Cash $ 17,500.00 $ 17,500
124 Supplies $ 3,200.00 $ 3,200
128 Prepaid insurance $ 2,300.00 $ 2,300
167 Equipment $ 131,000.00 $ 131,000
168 Accumulated depreciation, Equipment 33,750
201 Accounts payable 6,350
Interest payable 240
Rent payable 200
210 Wages payable 1,600
Property taxes payable 900
Long-term notes payable 24,000
301 L.Charon, Capital 77,660 (4) 30,000 (3) 39,300
302 L.Charon, Withdrawals 30,000 (4) 30,000
Construction fees earned 134,000 (1) 134,000
Depreciation expense-Equipment 8,500 (2) 8,500
Wages expense 47,460 (2) 47,460
Interest expense 2,880 (2) 2,880
Insurance expense 3,900 (2) 3,900
Rent expense 13,400 (2) 13,400
Supplies expense 5,700 (2) 5,700
Property taxes expense 5,500 (2) 5,500
Repairs expense 2,810 (2) 2,810
Utilities expense 4,550 (2) 4,550
901 Income summary (2) 94,700 (1) 134,000
(3) 39,300
Totals $278,700 $278,700 $298,000 $298,000 $154,000
Try again! Try again! Try again! Try again! Try again!

ADAMS CONSTRUCTION CO.

General Journal

Debit Credit
Dec. 31, 2009
Closing entries:
Repair Fees Earned 134,000
 Student Name: Instructor
Class: McGraw-Hill/Irwin
Problem 04-03A

Income Summary Try again! 134,000

Income Summary 94,700

Depreciation expense-Equipment Try again! 8,500
Wages expense 47,460
Interest expense 2,880
Insurance expense 3,900
Rent expense 13,400
Supplies expense 5,700
Property taxes expense 5,500
Repairs expense 2,810
Utilities expense 4,550

Income Summary 39,300

L.Charon, Capital Try again! 39,300

L.Charon, Capital 30,000

L.Charon, Withdrawals Try again! 30,000
MS CONSTRUCTION CO.
Year Ended June 30, 2011

Post-Closing
Trial Balance
Credit

33,750
6,350
240
200
1,600
900
24,000
86,960
0
0
0
0
0
0
0
0

$154,000
Try again!