help me FM-BINUS-AA-FPU KASUS 1 (40 Poin) Tornado Service Computer Worksheet For
ID: 2598031 • Letter: H
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FM-BINUS-AA-FPU KASUS 1 (40 Poin) Tornado Service Computer Worksheet For The Month Ended October 31, 2017 Trial Balance Debit $ 10,500 S 22,370 s 3,550 S 12,300 $ 33,600 Account Name Credit Cash Accounts Receivable Supplies Prepaid Insurance Accounts Payable Mortgage Payable Share Capital-Ordinary Retained Earnings Dividends Service Revenues Salaries and Wages Expense Utilities Expense Miscellaneous Expense S 17,140 $ 15,000 s 30,000 $ 8,17s s 5,725 s 39,240 s 10,880o $ 5,754 $4,876 $ 109,555 109,555 in addition to those accounts listed on the trial balance, the chart of accounts for Tornado Service Computer also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Interest Payable, Supplies Expense, Insurance Expense, Depreciation Expense, Interest Expense. The data needed to determine end of month adjustment are as follows: 1. Supplies on hand at October 31 are $725 3. 4, 5. Annual depreciation is $6,720 on equipment. The mortgage interest rate is 12% per year Salaries of $1,010 are accrued and unpaid at October 31. Instructions: a. b. c. Journalize the Adjusting Entries. (10 poin) Complete the Worksheet. You can use the Worksheet provided in the Exam Sheets (15 poin) Prepare An income Statement, A Retained Earnings Statement, and A Classified Statement of Financial Position. (15 poin) Page 2 of 30Explanation / Answer
(a) Journal entries
(b)
(c)
Tornado Service Computer General journal Date Account title Debit Credit Oct.31 Supplies expense 2825 Supplies 2825 (To record supplies expense) Oct.31 Insurance expense 1025 Prepaid insurance 1025 (To record insurance expense for the month) Oct.31 Depreciation expense 560 Accumulated depreciation 560 (To record depreciatio for one month) Oct.31 Interest expense 150 Interest payable 150 (To record interest expense for one month) Oct.31 Salaries and wages expense 1010 Salaries and wages payable 1010 (To record accrued and unpaid salaries )Related Questions
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