JPJones | |||
Trial Balance | |||
December 1, 2018 | |||
Acct | Description | DR | CR |
100 | Cash | 405,653 | |
101 | Accounts Receivable | 615,000 | |
102 | Allowance for Doubtful Accounts | 4,600 | |
103 | Marketable Securities | 18,000 | |
104 | Inventory | 100,000 | |
105 | Prepaid Rent | 40,600 | |
106 | Prepaid Insurance | 38,500 | |
107 | Supplies | 3,600 | |
125 | Equipment | 150,000 | |
126 | Accumulated Depreciation Equipment | 37,500 | |
127 | Truck | 56,500 | |
128 | Accumulated Depreciation Truck | 15,875 | |
130 | Land | 35,000 | |
175 | Patents | 75,000 | |
201 | Accounts Payable | 183,300 |
Record the following adjusting entries in general journal form as of December 31, 2018:
Date | Title | Debit | Credit |
a | Supplies expenses ($3,600-$450) | $ 3,150 | |
Supplies | $ 3,150 | ||
b | Depreciation expense ($150,000-$37,500)/8*2) | $ 28,125 | |
Accumulated depreciation - Equipment | $ 28,125 | ||
c | Depreciation expense ($50,000/45*9) | $ 10,000 | |
Accumulated depreciation - Truck | $ 10,000 |
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JPJones Trial Balance December 1, 2018 Acct Description DR CR 100 Cash 405,653 101 Accounts...
Trial balance as of dec 1,2018 Cash 405,653 Accounts Receivable 615,000 Allowance for Doubtful Accounts 4,600 Marketable Securities 18,000 Inventory 100,000 Prepaid Rent 40,600 Prepaid Insurance 38,500 Supplies 3,600 Equipment 150,000 Accumulated Depreciation Equipment 37,500 Truck 56,500 Accumulated Depreciation Truck 15,875 Land 35,000 Patents 75,000 Accounts Payable 183,300 Salaries Payable 36,000 Payroll Taxes Payable 8,000 Income Tax Payable 19,585 Note Payable -short...
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