Question

Check Credits Debits $4.100 9,100 3,100 28,000 Part B of 8 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained tannings Totala $ 6,400 4,400 5,400 19.000 9,100 $44,300 points $44,300 The following is a summary of the transactions for the year: rences 1. January 24 Provide plumbing services for cash, $16.000, and on account, 361,000. 2. Maren 13 Collection sont receivable, 349.000. 3. Hay 6 Issue shares of common stock in exchange for $12,000 cash. 4. June 30 Pay salaries for the current year, 532.200. 5. September 15 Pay utilities of 35.400 fre 2020 (Prior year). 6. November 26 Receive cash in advance from customers, $8,400. 1. December 30 Pay $2,200 cash dividends to stockholders. The following information is available for the adjusting entries Depreciation for the year on the machinery is $6.400. Plumbing supplies remaining on hand at the end of the year equal 51200. Or the $8.400 paid in advance by customers, 56,200 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,800.

Answer 1

Cash
Date	Debit($)	Credit($)	Balance($)
Opening	4100		4100
24-Jan	16000		20100
13-Mar	53000		77500
6-May	11000		88500
30-Jun		33000	55500
15-Sep		13000	42500
24-Nov	10000		52500
30-Dec		3000	49500

Accounts Receivable
Date	Debit($)	Credit($)	Balance($)
Opening	9500		9500
24-Jan	65000		74500
13-Mar		53000	21500

Accumulated Depreciation
Date	Debit($)	Credit($)	Balance($)
Opening		8000	-8000
31-Dec		8000	-16000

Common Stock
Date	Debit($)	Credit($)	Balance($)
Opening		23000	-23000
6-May		11000	-34000

Equipment
Date	Debit($)	Credit($)	Balance($)
Opening	36000		36000

Accounts Payable
Date	Debit($)	Credit($)	Balance($)
Opening		6000	-6000

Retained Earnings
Date	Debit($)	Credit($)	Balance($)
Opening		9500	-9500

Supplies
Date	Debit($)	Credit($)	Balance($)
Opening	3500		3500
31-Dec		2400	1100

Utilities Payable
Date	Debit($)	Credit($)	Balance($)
Opening		7000	-7000
15-Sep	7000		0

Unearned Revenue
Date	Debit($)	Credit($)	Balance($)
24-Nov		10000	-10000
31-Dec	7000		-3000

Dividends
Date	Debit($)	Credit($)	Balance($)
30-Dec	3000		3000
			3000

Depreciation Expense
Date	Debit($)	Credit($)	Balance($)
31-Dec	8000		8000

Supplies Expense
Date	Debit($)	Credit($)	Balance($)
31-Dec	2400		2400
			2400

Service Revenue
Date	Debit($)	Credit($)	Balance($)
24-Jan		85000	-85000
31-Dec		7000	-92000

Salaries Expense
Date	Debit($)	Credit($)	Balance($)
30-Jun	33000		33000

Utility Expenses
Date	Debit($)	Credit($)	Balance($)
15-Sep	6000		6000