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Complete the adjusting journal entries. Thank you very much! Hullie & Oates Company End of Period Worksheet For the Year Ended December 31, 2011 Unadjusted
Complete the adjusting journal entries. Thank you very much!
Hullie & Oates Company | ||||||
End of Period Worksheet | ||||||
For the Year Ended December 31, 2011 | ||||||
Unadjusted | Adjusted | |||||
Account Title | Trial Balance | Adjustments | Trial Balance | |||
DR | CR | DR | CR | DR | CR | |
Cash | 36,000 | - | 36000 | |||
Accounts Receivable | 72,850 | - | 72850 | |||
Allowance for Doubtful Accounts | 2,000 | 7694.5 | 9694.5 | |||
Interest Receivable | - | 840 | 840 | |||
Merchandise Inventory | 160,500 | - | 160500 | |||
Prepaid Insurance | 18,000 | - | 13,500 | 4500 | ||
Prepaid Advertising | 48,000 | 24000 | 24000 | |||
Prepaid Rent | - | 8500 | 8500 | |||
Store Supplies | 4,250 | - | 3850 | 400 | ||
Office Supplies | - | - | 1500 | 1500 | ||
Note Receivable | 24,000 | 24000 | ||||
Store Equipment | 175,000 | - | 175000 | |||
Accumulated Depreciation - Store Equipment | - | 40,050 | 16900 | 56950 | ||
Office Equipment | 80,000 | - | 80000 | |||
Accumulated Depreciation - Office Equipment | - | 17,200 | 15000 | 32200 | ||
Accounts Payable | - | 85,200 | 85200 | |||
Salaries Payable | - | - | 11000 | 11000 | ||
Interest Payable | - | - | 8030 | 8030 | ||
Unearned Rent | - | 20,000 | 6000 | 14000 | ||
Note Payable (final payment due 2017) | - | 146,000 | 146000 | |||
Common Stock | - | 60,000 | 60000 | |||
Retained Earnings | - | 110,500 | 110500 | |||
Dividends | 25,000 | - | 25000 | |||
Sales | - | 788,350 | 788350 | |||
Sales Returns and Allowances | 11,700 | - | 11700 | |||
Sales Discounts | 7,200 | - | 7200 | |||
Cost of Goods Sold | 457,200 | - | 457200 | |||
Sales Salaries Expense | 94,650 | - | 6200 | 100850 | ||
Advertising Expense | - | 24000 | 24000 | |||
Depreciation Expense - Store Equipment | - | - | 16900 | 16900 | ||
Store Supplies Expense | - | - | 3850 | 3850 | ||
Miscellaneous Selling Expense | 2,600 | - | 2600 | |||
Office Salaries Expense | 34,000 | - | 4800 | 38800 | ||
Rent Expense | 10,200 | - | 8500 | 1700 | ||
Insurance Expense | - | - | 13,500 | 13500 | ||
Depreciation Expense - Office Equipment | - | - | 15000 | 15000 | ||
Office Supplies Expense | 6,500 | - | 1500 | 5000 | ||
Miscellaneous Administrative Expense | 1,650 | - | 1650 | |||
Rent Revenue | - | - | 6000 | 6000 | ||
Interest Revenue | 840 | 840 | ||||
Interest Expense | - | - | 8030 | 8030 | ||
Bad Debt Expense | - | - | 7694.5 | 7694.5 | ||
1,269,300 | 1,269,300 | 116814.5 | 116814.5 | 1328765 | 1328765 |
Hullie & Oates Company | |||
Adjusting Journal Entries | |||
For the Year Ended December 31, 2011 | |||
Account Titles | DR | CR |
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