COOKE COMPANY Worksheet For The Month Ended September 30, 2014 Trial Balance Adj

Question

COOKE COMPANY
Worksheet
For The Month Ended September 30, 2014

Trial Balance

Adjusted Trial Balance

Debit

Credit

Debit

Credit

(a)

Prepare a complete worksheet.

ooke Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.

COOKE COMPANY
Worksheet
For The Month Ended September 30, 2014

Trial Balance

Adjusted Trial Balance

Debit

Credit

Debit

Credit

Cash 40,340 40,340 Supplies 21,540 4,310 Prepaid Insurance 31,900 4,020 Land 86,950 86,950 Equipment 126,950 126,950 Accumulated Depreciation-Equipment 39,140 42,500 Accounts Payable 17,540 17,540 Unearned Service Revenue 2,900 800 Mortgage Payable 55,880 55,880 Common Stock 114,650 114,650 Retained Earnings, Sept. 1, 2014 2,000 2,000 Dividends 14,000 14,000 Service Revenue 285,450 287,550 Salaries and Wages Expense 108,800 108,800 Maintenance and Repairs Expense 33,440 33,440 Advertising Expense 9,400 9,400 Utilities Expenses 19,840 19,840 Property Tax Expense 18,200 21,370 Interest Expense 6,200 12,450    Totals 517,560 517,560 Insurance Expense 27,880 Supplies Expense 17,230 Interest Payable 6,250 Depreciation Expense 3,360 Property Taxes Payable 3,170    Totals 530,340 530,340

Explanation / Answer

WorksheetFor the Month Ended September 30, 2014 Trial balance Adjustment Adjusted Trial balance Income statement Balancesheet Dr Cr dr cr Dr Cr Dr cr Dr Cr Cash 40,340 40,340 40340 Supplies 21,540 17,230 4,310 4310 Prepaid insurance 31,900 27,880 4,020 4,020 Land 86,950 86,950 86,950 Equipment 126,950 126,950 126,950 Accumulated depreciation 39,140 3,360 42,500 42,500 Accounts payable 17,540 17,540 17,540 Unearned service revenve 2,900 2,100 800 800 Mortgage payable 55,880 55,880 55,880 Common stock 114,650 114,650 114,650 Retained earinings sep1 2014 2,000 2,000 2,000 Dividends 14,000 14,000 14,000 Service revenue 285,450 2,100 287,550 285,450 Salaries and wages expenses 108,800 108,800 108,800 Maintenance andRepairsExpense 33,440 33,440 33,440 Advertising exp 9,400 9,400 9,400 utilites exp 19,840 19,840 19,840 Property expense 18,200 3,170 21,370 18,200 Interest exp 6,200 6,250 12,450 12,450 Totals 517,560 517,560 Insurance exp 27,880 27,880 27,880 Supplies exp 17,230 17,230 17,230 Interest payable 6,250 6,250 6,250 Deprecia±on exp 3,360 3,360 3,360 Property tax payable 3,170 3,170 3,170 Totals 59,990 59,990 530,340 530,340 250,600 285,450

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