Chou Catering

Instructions: Enter the following year-end adjustments on the worksheet.

2017

Dec 31 Chou Catering signed an agreement with a customer, Jackson

Company, to provide breakfast and lunch daily from Dec 22 through

Jan 6 and receive $ 3,000 on the final day. Jackson Company is open

7 days a week including holidays.

Dec 31 The kitchen equipment has a three year life and a salvage value of

$14,800. The kitchen equipment was purchased on Feb 21, 2016.

Dec 31 The rent was paid in advance for three months on Nov 1, 2017.

Dec 31 Chou Catering received $13,500 on December 8 for 30 days to

cater holiday functions on the campus.

Dec 31

Dec 31 The insurance policy is for 2 years purchased on June 8, 2017.

Dec 31 The two employees earn a total of $1200 per week and are

paid every Friday. This year Dec 31 falls on a Tuesday and the two

employees worked their normal shift.

Chou Catering Services

Unadjusted Trial Balance

December 31, 2017

Cash 31500

Accounts Receivable 34200

Prepaid Rent 6300

Prepaid Insurance 9600

Cleaning Supplies 840

Kitchen Equipment 47200

Accumulated Deprec, Kitchen Equip 9000

Accounts Payable 6400

WagesPayable 0

Unearned CateringRevenue 13500

Chou,Capital 24000

Chou, Withdrawals 18000

Catering Revenue 209500

Advertising Expense 11160

Utilities Expense 7800

Rent Expense 31000

Office Equipment Rental Expense 3600

Wages Expense 61200

Cleaning Supplies Expense 0

Insurance Expense 0

Depreciation Expense, Kitchen Equipment 0

_______ _______

Totals 262400 262400

				Work Sheet
				For Month Ended Date, Year
									Balance Sheet &
	Unadjusted				Adjusted				Statement of
	Trial Balance		Adjustments		Trial Balance		Income Statement		Owner's Equity
Account Titles	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	31500
Accounts Receivable	34200
Prepaid Rent	6300
Prepaid Insurance	9600
Cleaning Supplies	840
Kitchen Equipment	47200
Accum Deprec, K Eq		9000
Accounts Payable		6400
Wages Payable
Unearned Cater Rev		13500
Chou, Capital		24000
Chou, Withdrawals	18000
Catering Revenue		209500
Advertising Expense	11160
Utilities Expense	7800
Rent Expense	31000
Off Equip Rental Exp	3600
Wages Expense	61200
Cleaning Supplies Exp
Insurance Expense
Deprec Exp, K Eq
Totals	262400	262400
		need help filling in blanks