Accounting quiz 220 UMUC

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accounting_220.xlsx
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Worksheet

WORKSHEET
Trial Balance Adjustments Adj Trial Balance Closing Entries Post Closing Trial Balance
DR CR DR CR DR CR DR CR
Cash 34,225
Accounts Receivables 200
Allowance for Bad Debts
Computer Supplies 1,420
Computer Equipment 21,000
Equipment 8,400
Accumulated Depreciation
Accounts payable 1,420
Payroll taxes payable
Interest payable
Note Payable 10,000
Owner's Capital 55,000
Owner's Drawing 5,000
Pest Control Services 7,000
Pesticides
Advertising Expense 1,900
Bad Debt expense
Bank Charges
Computer Supp Expense
Depreciation Expense
Interest expense
Payroll taxes
Repairs Expense 800
Salaries and Wage Expense 875
Utilities
73,620 73,620 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0

General Ledger accounts

GENERAL LEDGER ACCOUNTS
CASH COMPUTER EQUIPMENT EQUIPMENT ACCUM COMPUTER ACCOUNTS
DEPREC SUPPLIES RECEIVABLE
DR CR DR CR DR CR DR CR DR CR DR CR
55,000 21,000 21,000 8,400 1,420 4,800 4,800
10,000 8,400 2,200 2,400
4,800 800
2,400 1,900
875
5,000
34,225 21,000 8400 1420 200
ALLOW FOR ACCOUNTS PAYABLE INTEREST PAYABLE PAYROLL TAXES PAYABLE NOTES PAYABLE OWNER'S CAPITAL
BAD DEBTS
DR CR DR CR DR CR DR CR DR CR DR CR
1,420 10,000 55,000
1420 10000 55000
OWNER'S PEST CONTROL SERVICES REPAIRS ADVERTISING EXPENSE SALARY AND WAGES EXPENSE
DRAWING EXPENSE
DR CR DR CR DR CR DR CR DR CR
5,000 4,800 800 1,900 875
2,200
5,000 7000 800 1900 875
DEPRECIATION EXPENSE BANK UTILITIES INTEREST BAD DEBTS PESTICIDES
CHARGES EXPENSE
DR CR DR CR DR CR DR CR DR CR DR CR

Quiz 1

Journal Entries
Date Account DR CR
1-Oct Owner's equity 55,000
Cash 55,000
1-Oct Cash 10,000
Notes payable 10,000
1-Oct Computer system 21,000
Equipment 8,400
Cash 29,400
3-Oct Computer supplies 1,420
Accounts payable 1,420
6-Oct Accounts receivable 4,800
Pest control services 4,800
12-Oct Cash 4,800
Accounts receivable 4,800
15-Oct Cash 2,400
Accounts receivable 2,400
17-Oct Repair and maintenance 800
Cash 800
20-Oct Advertising expenses 1,900
Cash 1,900
28-Oct Accounts receivable 2,200
Pest control services 2,200
31-Oct Salary wages 875
Cash 875
31-Oct Owner's drawings 5,000
Cash 5,000
118,595 118,595

Quiz 2

Adjusting Entries
Date Account DR CR

Quiz 3

Closing Entries
Date Account DR CR
Balance Sheet
Income Statement