VIETNAM MARITIME UNIVERSITY

INTERNATIONAL SCHOOL OF EDUCATION

GROUP HOMEWORK FOR BMM1102

ACCOUNTING PRINCIPLES

GROUP 7

Class: BMM1102
Lecturer: Đào Văn Thi

Hai Phong, June 2022

 Members of group

HỌ VÀ TÊN Mã sinh viên

Lưu Phương Anh 89520
Trần Ngọc Nam Khánh 89989
Trần Thanh Tú 88559
Đoàn Hồng Vi 88089
Trần Hà Vy 89008
Trần Hải Yến 87472
A)
Wareen Roofing
Work Sheet
For the month ended March 31,2017
Adjusted Trial Income
Trial Balance Adjustment Balance Sheet
Accounts Titles Balance Statement
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash $4,500 $4,500 $4,500
3, 3, 3,2
Accounts Receivable
200 200 00
2, (1)152 4
Supplies
000 0 480 80
11, 11,0 11,0
Equipment
000 00 00
Accumulated 1, (2)25 1 1,5
Depredation-Equipment 250 0 ,500 00
2, 2 2,5
Accounts Payable
500 ,500 00
Unearned Service (3) 2
Revenue 550 290 260 60
12, 12, 12,9
Owner's Capital
900 900 00
1, 1, 1,1
Owner's Drawings
100 100 00
6, (3)29 6
Service Revenue
300 0 ,590 6,590
Salaries & Wages 1, (4)70 2, 2
Expense 300 0 000 ,000
Miscellaneous Expense
400 400 400
$ $
Totals
23,500 23,500
(1) 1, 1
Supplies Expense
1,520 520 ,520
(2)
Depreciation Expense
250 250 250
Salaries and Wages (4) 7
Payable 700 700 00
$
$ $ $ $
Totals 24,45
2,760 2,760 24,450 4,170
0
$ $
Net incom
2,420 2,420
$ $ $ $
Totals
6,590 6,590 20,280 20,280
B)
Wareen Roofing
Income Statement
For the month ended March 31, 2017
Revenues: Debit Credit
Service Revenue $ 6,590
Total Revenues $ 6,590
Expenses:
$
Depreciation Expense 250
Supplies Expense 1520
Salaries & Wages Expense 2000
Miscellaneous Expense 400
Total Expenses ($4,170)
Net Income $ 2,420

Wareen Roofing
Owner's Equity Statement
For the Month Ended March 31, 2017
Debit Crebit
Owner's Capital, March 01
($12,900 - $10,000) $ 2,900
Add: Investment $ 10,000
Net Income 2,420
$ 12,420
$ 15,320
Less: Owner's Drawings $ 1,100
Owner's Capital, March 31 $ 14,220
 Wareen Roofing
Balance Sheet
31-Mar-17
Assets
Current Assets
Cash 4,500
Accounts Receivable 3,200
Supplies 480
Total Current Assests 8,180
Property, Plant and equipment
Equipment 11,000
Less: Accumulated Depreciation-
Equiqment 1,500
Total long Term assests 9,500
Total Assests $ 17,680
Liabilities and Owner's Equity
Liabilities
Accounts payable 2,500
Unearned service revenue 260
Salaries and Wages Payable 700
Total Liabilities $ 3,400
Owner's Equity
Owner's capital (March 31) $ 14,220
Total liabilities & equity $ 17,680
C)
Wareen Roofing
Adjusting entries
March 31,2017
Journal
Account Debit Credit
Supplies expense 1520
Supplies 1520
Depreciation Expense 250
Accumulated Depredation-
Equipment 250
Unearned Service Revenue 290
Service Revenue 290
Salaries & Wages Expense 700

D)
Wareen Roofing
Closing entries
March 31,2017
Journal
Account Debit Credit

Service Revenue 6,590

Income summary 6,590

Income summary 4,170

Salaries & Wages Expense 2,000

Supplies expense 1,520

Depreciation Expense 250

Miscellaneous expense 400

Income summary 2,420

Owner's Capital 2,420

Owner's Capital 1,100

Owner's Drawings 1,100