accounting problems

The problem continues the Haupt Consulting situation from problem 2-64 of chapter 2. Start from the trial blance and the posted T accounts that Haupt Consulting prepared December 18 as follows:

HAUPT CONSULTING

TRIAL BALANCE

DECEMBER 18, 2010

BALANCE

ACCOUNTS TITLE DEBIT CREDIT

CASH 8100

ACCOUNTS RECEIVABLE 1700

SUPPLIES 300

EQUIPMENT 2400

ACCUMULATED DEPRECIATION-EQUIPMENT

FURNITURE 3600

ACCUMULATED DEPRECIATION- FURNITURE

ACCOUNTS PAYABLE 3900

SALARY PAYABLE

UNEARNED SERVICE REVENUE

CARL HAUPT, CAPITAL 10000

CARL HAUPT, WITHDRAWALS

SERVICE REVENUE 2500

RENT EXPENSE 500

UTILITIES EXPENSE 200

SALARY EXPENSE

DEPRECIATION EXPENSE-EQUIPMENT

DEPRECIATION EXPENSE-FURNITURE

SUPPLIES EXPENSE

TOTAL 16400 16400

Later in December, the business completed these transactions as follows:

Dec. 21 Received $900 in advance for clientr service to be performed evenly over the next 30 days

21 Hired a secretary to be paid $1500 on the 20th day of each month. The secretary begins work immediately.

26 Paid $300 on account

28 Collected $600 on account

30 Owner withdrew $1600