Debit $ 28,000 36,800 Credit Cash Accounts receivable Allowance for doubtful acc

Question

Debit $ 28,000 36,800 Credit Cash Accounts receivable Allowance for doubtful accounts Notes receivable (due in 2017) Inventory Prepaid insurance Land Buildings Acc Depn, Equipment Acc Depn, equipment Accounts payable Unearned rent revenue Notes payable (due in 2017) Notes payable (due in 2020) Common stock, no par Retained Earnings Dividends Sales Revenue Cost of goods sold Salaries & wages expense General expenses $500 10,000 36,200 3,600 20,000 150,000 building 50,000 60,000 24,000 27,300 6,000 11,000 35,000 50,000 63,600 21,000 900,000 630,000 110,000 61,800 Total

Explanation / Answer

TB DEC 31 2016 DR CR CASH 32348 ACC REC 32200 ALL 4500 NOTES REC 10000 INVEN 36200 PRE INS 2400 LAND 20000 BLDG 150000 ACC DEP BLDG 54000 EQUIP 73200 ACC DEP EQUIP 36384 ACC PAY 27300 UNEARNED RENT 4000 NOTE PAY ST 11000 NORES PAY LT 35000 STOCK 50000 RETAIN EARN 63600 DIVIDENDS 21000 SALES 913400 COS 643710 SALARIES & WAGES 123000 GEN EXP 61800 11432 18106 1217290 1217290 CASH BOOK PURCHASES CASH +A:V+A:VBOOK DEC ACC PAY ELIZA 16000 DEC ACC PAY ELIZA 1000 ACC PAY ELIZA MAY BALANCE 28000 DEC ACC REC 18700 MAY EQUIPMENT 13200 DEC CASH 500 DEC RETURNS 1000 DEC PURCHASES 16000 CASH SALES 9450 DEC SALES TAX 600 DEP EQUIP DEC CASH 13500 ACC REC PERRY 12998 DEC CASH PURCHASES 500 ON OLD 10800 DEC DISC RECD 1500 DEC WAGES 9000 ON NEW 1584 16000 16000 ACC PAY ELIZA 13500 PREPAID INSURANCE BAL 32348 MAY BAL 3600 DEC INSURANCE 1200 69148 69148 BAL 2400 NOTES RECEIVABLE ACC DEP EQUIP BALANCE 10000 DISC RECD BAL 24000 NOTES INTER 800 DEC AC P ELIZA 1500 DEO 12384 36384 INSURANCE PREPAID 1200 SALES EQUIPMENT ACC REC 900000 AY BAL 60000 DEC ACC REC PERRY 13400 MAY PURCHASE 13200 MAY BALANCE 36800 BAD DEBTS 600 913400 DEP BLDG UNERANED RENT DEC ACC DEP BLD 4000 INCOME ST 2000 6000 NOTES REC INTEREST 8% BAL 4000 DEC NOTES REC 800 WAGES BAL 110000 DEC CASH 9000 ACC REC PERRY PAY 4000 DEC SALES 13400 CASH 12998 BAD DEBTS 123000 DIS ALL 402 ACC REC 600 PROV FOR DOUCBTFUL DEBTS PROV 4000 MAY BALNCE 500 ACC DEP BLDG DEC BAD DEBTS 4000 MAY BAL 50000 DEC DEP 4000 INTEREST A/C 54000 SALARY PAYABLE INT PAY S/T 660 SALARY 4000 INT PAY L/T 2100 INT PAY 2760 DEC INTEREST 2760

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