beg bal
| | Dr | Cr |
| | | |
| Cash | 425,148 | |
| Accounts Receivable | 362,963 | |
| Inventory - Parts | 124,883 | |
| Inventory - Instruments | 1,005,632 | |
| Office Supplies | 900 | |
| Prepaid Rent | 52,500 | |
| Prepaid Insurance | 20,000 | |
| Interest Receivable | 0 | |
| Notes Receivable | 0 | |
| Furniture and Fixtures | 621,455 | |
| Machinery and Equipment | 214,000 | |
| Building | 1,321,000 | |
| Accumulated Depreciation | | 520,125 |
| Land | 400,000 | |
| Accounts Payable | | 62,420 |
| Salaries Payable | | 4,388 |
| Interest Payable | | 0 |
| Dividends Payable | | 5,600 |
| Deferred Revenue | | 102,500 |
| Notes Payable | | 210,600 |
| Common Stock | | 1,300,000 |
| Retained Earnings | | 2,342,849 |
| | 4,548,481 | 4,548,481 |
unadj. journal entries
undj trial bal: 
| Prepare the adjusting journal entries for the quarter. Do not create any new accounts. Post the entries to t-accounts. | Prepare an adjusted trial balance. | |
| |
Journal Entries Cr Account Cr Date 2-Oct Dr Account Cash Dr 35,125 Sales Revenue 35,125 24,000 Cost of Goods Sold Inventory - Instruments 24,000 5-Oct Cash 21,000 Accounts Receivable 21,000 5-Oct 224,785 Inventory - Instruments Accounts Payable 224,785 9-Oct Salary Expense Cash 14,625 14,625 15-Oct 15,000 Accounts Payable Cash 15,000 15-Oct Dividends 5,600 Cash 5,600 19-Oct Cash 26,000 Service Revenue 26,000 19-Oct 8,000 Cost of Goods Sold Inventory-Parts 8,000 23-Oct Salary Expense 14,625 Cash 14,625 26-Oct Office Supplies Cash 4,500 4,500 26-Oct 8,700 Advertising Expense Cash 8,700 27-Oct Utilities Expense 1,600 Cash 1,600 29-Oct Cash 158,250 Sales Revenue 158,250 104,520 Cost of Goods Sold Inventory - Instruments 104,520 30-Oct 17,404 Sales Commission Expense Cash 17,404 2-Nov Cash 53,210 Accounts Receivable 53,210 2-Nov 24,000 Notes Receivable Accounts Receivable 24,000 Interest Receivable Interest Revenue 1,200 1,200 2-Nov 236,961 Accounts Receivable Sales Revenue 236,961 174,200 Cost of Goods Sold Inventory - Instruments 174,200 6-Nov 14,625 Salary Expense Cash 14,625 9-Nov Accounts Payable Cash 56,200 56,200 10-Nov Office Supplies Cash 2,100 2,100 12-Nov Cash 74,200 Common Stock 74,200 13-Nov Cash 124,000 Sales Revenue 124,000 96,344 Cost of Goods Sold Inventory - Instruments 96,344 16-Nov Cash 152,000 Accounts Receivable 152,000 20-Nov 14,625 Salary Expense Cash 14,625 23-Nov 149,365 Inventory - Instruments Accounts Payable 149,365 24-Nov 20,300 Inventory - Parts Accounts Payable 20,300 27-Nov 35,000 Accounts Payable Cash 35,000 27-Nov Cash 98,633 Accounts Receivable 98,633 30-Nov Cash 32,150 Deferred Revenue 32,150 30-Nov Sales Commission Expense Cash 32,486 32,486 1-Dec 126,955 Machinery and Equipment Notes Payable 126,955 1-Dec 47,200 Inventory - Instruments Accounts Payable 47,200 1-Dec 1,200 Advertising Expense Cash 1,200 4-Dec Salary Expense 14,625 Cash 14,625 8-Dec Accounts Payable Cash 52,332 52,332 11-Dec 18,000 Prepaid Insurance Cash 18,000 15-Dec 214,966 Accounts Receivable Sales Revenue 214,966 Cost of Goods Sold Inventory - Instruments 163,300 163,300 18-Dec 14,625 Salary Expense Cash 14,625 21-Dec 65,324 Accounts Receivable Sales Revenue 65,324 32,863 Cost of Goods Sold Inventory - Instruments 32,863 22-Dec Prepaid Rent 48,972 Cash 48,972 28-Dec 1,233 Utilities Expense Cash 1,233 28-Dec Cash 67,246 Accounts Receivable 67,246 29-Dec Accounts Payable Cash 84,000 84,000 29-Dec 63,200 Accounts Receivable Service Revenue 63,200 Cost of Goods Sold 39,000 Inventory - Parts 39,000 29-Dec 5,600 Retained Earnings Dividends Payable 5,600 29-Dec 14,742 Notes Payable Cash 14,742 Interest Expense Cash 14,558 14,558 29-Dec 25,226 Sales Commission Expense Cash 25,226 740,359 527,325 98,183 831,755 7,500 101,472 38.000 1,200 24,000 621,455 340,955 1,321,000 520,125 400,000 261,538 4,388 Cash Accounts Receivable Inventory-Parts Inventory - Instruments Office Supplies Prepaid Rent Prepaid Insurance Interest Receivable Notes Receivable Furniture and Fixtures Machinery and Equipment Building Accumulated Depreciation Land Accounts Payable Salaries Payable Interest Payable Dividends Payable Deferred Revenue Notes Payable Common Stock Retained Earnings Income Summary Dividends Sales Revenue Service Revenue Interest Revenue Cost of Goods Sold Advertising Expense Depreciation Expense Insurance Expense Interest Expense Rent Expense Salary Expense Sales Commission Expense Supplies Expense Utilities Expense 11,200 134,650 322,813 1,374,200 2,337,249 5,600 834,626 89,200 1,200 642,227 9,900 14,558 87,750 75,116 2,833 5,891,188 5,891,188
