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Asianes Shest Accounts 1 Ansets 1 1 Cash 1 2 Actoumts fiereivatis 1 3 Subplies If Prapald inaurance 1 5 Ortice fquipmemt 1 5 Arcum.

Asianes Shest Accounts
1 Ansets
11 Cash
12 Actoumts fiereivatis
13 Subplies
If Prapald inaurance
15 Ortice fquipmemt
15 Arcum. Denrecistion-Oflise to.
2 Liabllities
21 Accounts Payable
22 Acuruis (ie takes payabie)
23 Uneamed fevenue
3 Stockholders Equity
31 Common Stock
32 Retained farnings
33 Dividencts
Sosecifras bic, Ine
Chert wi Arcounts
income itatement Acorsurs:
Peverus
Destatt
velatt
41. Phevenue:
crectt
Debits
Derbit
Deibut
Credt
3 Experses
51 Experses
Wests
Credit
Cradt
Credit
Credit
Credit
Dabit
25. Sin, Inc is a pool desien firm besed in Ozona, Florida. Blased on the following fact pattem complefe the entlie accourting eyc 20
d the following entries for the month of May in the General Lournal (GJ) pages 12 and 12
1 Invested $25,000 cash in exhange for Common Stock
1 Pald cash $1,200 for 12 month insurance policy
3 Paid cash for various expenses $3,000
5 Purchared supplies $2,000 on account.
10 Paid cash for office equipment $3,500.
17 Paid $1,000 cash to creditor
20. Revenue from designing several pools $12,000. Received $7,000 cash, remainder on account.
22 Received $900 cash from customer for future work
24 Pecelved $1,000 cash from customer paying down account
30 Board of Directors declared and paid cash Dividend $2,000
YCLUDE THE DESCRIPTION
WAYS LEAVE A SPACE BETWEEN SEPARATE TRANSACTIONS
neral Ledger (GL)
e Unadjusted Trial Balance
usting Entries on Journal Page 3
Supplies on hand at month end $250
Office Equipment Depreciates staright line over 3 years
Record insurance expense for month end
Earned $300 of Unearned Revenue
Five hours deggn work on long term contract, $200 per hour
Record tax elpense. Tax rate 40%
Entry Type
g Entries to the General Ledger (GL)
Periadic inventory expense
Estimated Expense
Deferred Expense Mou Prepaid an ex?
Deferred Revenue (Customer Prepaic
Accrued Revenuse
Idjusted Trial Balance
Accrued Expense
come Statement, Retained Earnings Statement and Balance Sheet.
Inal Page 4 the closing of all temporary accounts directly into Retained Earnings
Ledger (OL)
st Closing Trial Balance
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