57910 1.2001 Eplanation Rent Credit SNACKSS Co., Ltd SNACKSS Co., Ltd Income Statement Balance Sheet November 30,2020 November 30,2020 Adjustments: Debit Credit Assets 1. Revenue for services performed but unrecorded for November totaled RM1,100. Service Revenue 14 600 Cash 42,900 Advertising Expense 250 Account Receivable 3.100 2. The SNACKSS company promised to help the WIVI-doll company advertise, using the WIVI-doll company's logo Office rent Expense 600 Inventory - 150 cartoon character image to make snack packaging and cookle shape. So, SNACKSS received RM1,200 on November Salaries and Wages Expenses 2.100 -5,200 2 from WIVI-doll for advertising services expected to be completed by December 31. Supplies Utilities Expense 200 Depreciation Equipment Expense 40 Prepaid Insurance 150 3. SNACKSS company paid salaries and wages on October 26; the next payment of salaries will not occur until Insurance Expense 150 Equipment 19.000 November 9. The employees receive total salaries of RM2,000 for a five-day work week, or RM400 per day Supplies Expense 6,800 Less Accumulated depreciation Equipmen -40 18,960 Interest expense 250 Total assets 59,760 Total Expenses -10,390 SNACKSS Co.,Ltd Net income 4.210 Liabilities and Owner's Equity Journal entries Liabilities 1 Dr Accounts Receivable 1.100 SNACKSS Co.,Ltd Account Payable 1.600 Cr Service Revenue 1.100 Owner's Equity Statement Interest Payable 250 2 Dr Uneared service revenue 1.200 November 30,2020 Salaries and Wages Payble 1200 Service Revenue 1.200 Owner's capital, Nov. 1 55,000 Uneared service revenue -1.200 3 Dr Salaries and wages Expensi 1.200 Net income 4,210 Cr Salaries and wages Payable 1,850 Total Liabilities 1.200 59.210 Owner's Equity Owner's Drawings -1,300 Owner's capital 57,910 Owner's capital, Nov 30 57,910 Total Liabilities and Owner's Equity 59,760 SNACKSS Co.,Ltd November 30,2020 General Ledger No.101 IVUV Cash Inventory No. 163 1.2UU Date Explanation Ref Debit Credit Balance Date Explanation Ref Debit Credit Balance Prepaid Insurance No.130 6 3,500 4,700 2020 2020 Date Explanation Ret Debit Credit Balance 18 2001 4.900 Nov. 1 15,000 15 000 Nov 21 31 150 150 2020 23 6.900 2.000 2 7.000 8.000 22 3001 - 150 Nov 15 J1 50 50 25 600 7500 4 1,200 9.200 1,500 10.700 Account Payable No.201 16 11 100 150 28 3,000 10.500 600 10 100 Date Explanation Rel Debit Credit Balance 29 1.800 12.300 900 9.2000 2020 200 Equipment No 157 30 1,100 13 400 9.000 Nov 3 1,500 1,600 Date Explanation Ref. Credit 250 Debit 2 8.750 Balance 1.2001 250 5 1.8501 14.600 11 600 9.350 10 250 1,600 2020 1,300 8.050 22 221 3001 1.600 Nov.2 21 7,000 7.000 Supplies Expense No.631 15,000 23.050 13 J1 7,000 14.000 Date Explanation Ref Debit Credit Balance 7.000 16.050 200 11 16.250 24 No 209 19.000 5,000 Unearned Service Revenus 2020 150 16 1001 Date Explanation Ref. Debit Balance Nov 17 11 Credit 800 800 2000 18 1000 2020 Accumulated Depreciation Equipment No 158 27 2.500 3,300 5,000 13 100 Nov 2 1.2001 1.2001 Date Explanation Ref. Debit Credit Balance 30 3,500 6800 25,000 38 1001 3,000 41 1001 Interest Payable No 230 42.900 Date Nov. 14 1,800 1 Explanation Red Debit Credit 40 Balance 40 Insurance Expense No.722 2020 Date Explanation Ref Debit Credit Balance Account Receivable No. 112 Nov 20 250 250 Advertising Expense No.621 20201 Date Balance Date Explanation Ret Debit Credit Balance Nov 15 |_1 50 50 2020 Owner's capital No.301 Nov 6 2,000 2.000 111 Date Explanation Ret Debit 2020 Credit 16 Balance |31 100 1501 11 lu 600 14001 2020 Nov.5 2501 250 18 2001 200 Novi 15,000 15,000 Rent Expense No.729 191 171 200 1400 13 15,000 30 000 Depreciation Expense Date No. 711 Credit 6001 Explanation Ref. 2000 Debit 251 1 55,000 Balance 26 25,000 301 1,100 31001 Date Explanation Ret. Debit Credit Balance 2020 Owner's Drawings No.306 20201 Nov.7 6001 600 Supplies No.126 Date Explanationer Debit Credit Balance Nov.14 J1 40 401 Date Explanation Ref. Debit Credit Balance 2020 Interest Expense No.905 1,300 1,300 Salary and Wages Expense No. 726 Date Debit Credit Nov. 3 | Explanation Ref. 1,600 Balance 1.600 17 171 800 800 Service Revenus No.400 Date Explanation Ref. . Debit Credit Balance 2020 27 2.500 -1.700 Date Explanation Ref. Debit Credit Balance 2020) Nov 20 | 11 250 250 301 3,500 -5,200 2020 Nov. 8 11 900 900 Nov 4 1.2001 1,200 11 Prepaid Insurance 1,200 3,500 2 100 No.208 Salary and Wages Payable No. 130 4.700 61 Date Explanation Rel Debit Credit Balance 200 4,900 Date Explanation Ref Debit Credit Balance 2020 2.0001 6.900 Utilities Expense No. 732 2020) Nov. 15 21 50 60 600 7,500 Date Explanation Ret. Debit Credit Balance Nov 9 1,200 1,200 161 pi 1001 150 3,000 10,5001 2020 1,800 12,300 No. 157 1.100 Equipment Nov.9 13 4001 11 200 200 nnnnHunnn 20201 REFERE 1600 Nov 12 57910 1.2001 Eplanation Rent Credit SNACKSS Co., Ltd SNACKSS Co., Ltd Income Statement Balance Sheet November 30,2020 November 30,2020 Adjustments: Debit Credit Assets 1. Revenue for services performed but unrecorded for November totaled RM1,100. Service Revenue 14 600 Cash 42,900 Advertising Expense 250 Account Receivable 3.100 2. The SNACKSS company promised to help the WIVI-doll company advertise, using the WIVI-doll company's logo Office rent Expense 600 Inventory - 150 cartoon character image to make snack packaging and cookle shape. So, SNACKSS received RM1,200 on November Salaries and Wages Expenses 2.100 -5,200 2 from WIVI-doll for advertising services expected to be completed by December 31. Supplies Utilities Expense 200 Depreciation Equipment Expense 40 Prepaid Insurance 150 3. SNACKSS company paid salaries and wages on October 26; the next payment of salaries will not occur until Insurance Expense 150 Equipment 19.000 November 9. The employees receive total salaries of RM2,000 for a five-day work week, or RM400 per day Supplies Expense 6,800 Less Accumulated depreciation Equipmen -40 18,960 Interest expense 250 Total assets 59,760 Total Expenses -10,390 SNACKSS Co.,Ltd Net income 4.210 Liabilities and Owner's Equity Journal entries Liabilities 1 Dr Accounts Receivable 1.100 SNACKSS Co.,Ltd Account Payable 1.600 Cr Service Revenue 1.100 Owner's Equity Statement Interest Payable 250 2 Dr Uneared service revenue 1.200 November 30,2020 Salaries and Wages Payble 1200 Service Revenue 1.200 Owner's capital, Nov. 1 55,000 Uneared service revenue -1.200 3 Dr Salaries and wages Expensi 1.200 Net income 4,210 Cr Salaries and wages Payable 1,850 Total Liabilities 1.200 59.210 Owner's Equity Owner's Drawings -1,300 Owner's capital 57,910 Owner's capital, Nov 30 57,910 Total Liabilities and Owner's Equity 59,760 SNACKSS Co.,Ltd November 30,2020 General Ledger No.101 IVUV Cash Inventory No. 163 1.2UU Date Explanation Ref Debit Credit Balance Date Explanation Ref Debit Credit Balance Prepaid Insurance No.130 6 3,500 4,700 2020 2020 Date Explanation Ret Debit Credit Balance 18 2001 4.900 Nov. 1 15,000 15 000 Nov 21 31 150 150 2020 23 6.900 2.000 2 7.000 8.000 22 3001 - 150 Nov 15 J1 50 50 25 600 7500 4 1,200 9.200 1,500 10.700 Account Payable No.201 16 11 100 150 28 3,000 10.500 600 10 100 Date Explanation Rel Debit Credit Balance 29 1.800 12.300 900 9.2000 2020 200 Equipment No 157 30 1,100 13 400 9.000 Nov 3 1,500 1,600 Date Explanation Ref. Credit 250 Debit 2 8.750 Balance 1.2001 250 5 1.8501 14.600 11 600 9.350 10 250 1,600 2020 1,300 8.050 22 221 3001 1.600 Nov.2 21 7,000 7.000 Supplies Expense No.631 15,000 23.050 13 J1 7,000 14.000 Date Explanation Ref Debit Credit Balance 7.000 16.050 200 11 16.250 24 No 209 19.000 5,000 Unearned Service Revenus 2020 150 16 1001 Date Explanation Ref. Debit Balance Nov 17 11 Credit 800 800 2000 18 1000 2020 Accumulated Depreciation Equipment No 158 27 2.500 3,300 5,000 13 100 Nov 2 1.2001 1.2001 Date Explanation Ref. Debit Credit Balance 30 3,500 6800 25,000 38 1001 3,000 41 1001 Interest Payable No 230 42.900 Date Nov. 14 1,800 1 Explanation Red Debit Credit 40 Balance 40 Insurance Expense No.722 2020 Date Explanation Ref Debit Credit Balance Account Receivable No. 112 Nov 20 250 250 Advertising Expense No.621 20201 Date Balance Date Explanation Ret Debit Credit Balance Nov 15 |_1 50 50 2020 Owner's capital No.301 Nov 6 2,000 2.000 111 Date Explanation Ret Debit 2020 Credit 16 Balance |31 100 1501 11 lu 600 14001 2020 Nov.5 2501 250 18 2001 200 Novi 15,000 15,000 Rent Expense No.729 191 171 200 1400 13 15,000 30 000 Depreciation Expense Date No. 711 Credit 6001 Explanation Ref. 2000 Debit 251 1 55,000 Balance 26 25,000 301 1,100 31001 Date Explanation Ret. Debit Credit Balance 2020 Owner's Drawings No.306 20201 Nov.7 6001 600 Supplies No.126 Date Explanationer Debit Credit Balance Nov.14 J1 40 401 Date Explanation Ref. Debit Credit Balance 2020 Interest Expense No.905 1,300 1,300 Salary and Wages Expense No. 726 Date Debit Credit Nov. 3 | Explanation Ref. 1,600 Balance 1.600 17 171 800 800 Service Revenus No.400 Date Explanation Ref. . Debit Credit Balance 2020 27 2.500 -1.700 Date Explanation Ref. Debit Credit Balance 2020) Nov 20 | 11 250 250 301 3,500 -5,200 2020 Nov. 8 11 900 900 Nov 4 1.2001 1,200 11 Prepaid Insurance 1,200 3,500 2 100 No.208 Salary and Wages Payable No. 130 4.700 61 Date Explanation Rel Debit Credit Balance 200 4,900 Date Explanation Ref Debit Credit Balance 2020 2.0001 6.900 Utilities Expense No. 732 2020) Nov. 15 21 50 60 600 7,500 Date Explanation Ret. Debit Credit Balance Nov 9 1,200 1,200 161 pi 1001 150 3,000 10,5001 2020 1,800 12,300 No. 157 1.100 Equipment Nov.9 13 4001 11 200 200 nnnnHunnn 20201 REFERE 1600 Nov 12