Cash Accounts Receivable Note Receivable Inventory Supplies Equipment Prepaid Rent Prepaid Insurance Accounts Payable Notes Payable Unearned Rent Revenue Capital Sales Cost of Goods Sold Salaries Expense Total Macklemore, Inc. Trial Balance Dec. 2, 20X1 $ $ $ $ 2 B 3 B $ $ $ $ $ $ 48,000 6,000 10,000 20,000 4 1,500 20,000 3,600 600 23,420 3,000 136,120 $ $ $ $ $ 12,800 10,000 2,400 67,420 43,500 $ 136,120 7 YOUR STUDENT ID#774 A A C C Record the following transactions in the general journal then prepare the trial balance for December 31: 1. On Dec. 2, inventory worth $3B,BCC (first three of your student ID # after 774) was purchased on account, with the terms of 3/10, n/30. 2. On Dec. 4, inventory was sold for $20,0CC (first three of your student ID # after 774) was sold on account, with the terms of 2/10, n/30. The cost of inventory was $18,0AA (last two of your student ID#) 3. On Dec. 12, the company paid for the Dec. 2 purchase. (Round to the nearest dollar if necessary) 4. On Dec. 14, the Inventory sold on Dec. 4 was paid. (Round to the nearest dollar if necessary) 5. On Dec. 30, the owner withdrew $2,BCC (last three of your student ID#) from the company. For each of the following transactions, give the adjusting entry required for the year ended Dec. 31, 20X1. The initial entries for each transaction were recorded correctly. 6. Received a $900 utility bill for electricity usage in December to be paid next month in January. 7. Owed wages to 5 employees who worked five days at $200 each per day at the end of December. The company will pay employees at the end of the first week of next month. 8. On October 1, the company loaned $10,000 to an officer who will repay the loan in one year at an annual interest rate of 10%. (Round to the nearest dollar if necessary) 9. On November 1, the company deposited $15,000 in a savings account that earned 1% interest per year. 10. Paid $600 for a 12-month insurance premium on November 1 of this year. 11. Purchased equipment for $20,000 cash on July 1, this year; estimated a useful life of five years with a residual value of $2,000. 13. Office supplies at year end count totaled $5AA (first two of your student ID# after 774) 12. Unearned rent revenue of $2,400 was for rent for the period November 1, this year, to March 1, next year. 14. Rent for the month of December totaled $1,2AA (last two of your student ID#) 15. On July 1, the company took out a 1 year note for $10,000 at an interest rate of 5%. Prepare a worksheet showing the trial balance, adjustments, adjusted trial balance, multi-step income statement (assume utilities, rent, depreciation, and half of the salaries expense as selling expenses, assume insurance, supplies, and half of the salaries expense as general and administrative expenses), statement of owners' equity, classified balance sheet, prepare the closing entries, and post-closing trial balance.

Recort the folowing transactions in the general journai then prepare the trial balance for December 31 : 1. OA Dec, 2 , imentory worth $3a,8CC (first three of vour student 10 after 774 ) was purchased on zccount, with theierms of 3/10,N/30 2. On Dec 4, lwontcry was sold for $20,0CC (first three of your student 10 if after 774 ) was sold on account, with the teims of 2/10,/30. The cost of inventory was $18,0AA (last two of your student iDa) 1 On Dec 12, the comoary paid for the Dec. 2 purchase. (Round to the nearest doliar if necessary) 4. On Des. 14, the inventory sold on Dec. 4 was paid. (Round to the nearest dollar if necessary) 5 On Dec 30 , the owner withdrew $2,BCC (las; three of your student 10 if) from the company. Foreach of the folowing transactions, give the adjusting entry requi red for the year ended Dec. 31, 20x1. The init; entries lor each trasacton were recorded correctly. 6. Receind a $900 utility bill for electricity usage in December to be pald next month in lanuary. 7. Owed wages to 5 employees who worked five days at $200 each per day at the end of December. The compani wil pay emoloyees as the end of the first week of next month. 8. On October 1, the company loaned $10,000 to an officer who will repay the loan in oco yeat at an annual intert rate of tok. (Round to the nearest doilar if necessary) 5. On liovember 1, the company deposited $15,000 in a savings account that earned 196 interest per year 10. Pad $000 for a 12 -month insurance premium on November 1 of this year. 11 . Furchasd equigment for $20,000 cash on July 1 , this year; estimated a useful fifc of five years wikh a tesidual value or $2,000 13. orice nupples at year end count totaled \$SAA (first two of your student iDA after 774) 14. penf for the month of December totaled \$1, 2AA (last two of your student iDr) Prepare a worksheet showing the trial balance, adjustments, adjusted trial balance, multi-step income Statemtnt fassume utilities, rent, depreciation, and half of the salaries expense as selling expenses, assume Thsurance, supplies, and half of the depreciation, and half of the salaries expense as selling expenses, assume OWters' equity, classified bala of the salaries expense as general and administrative expenses), stater