G Genel D E During August, its 5th month of business, Car TunesAmounts in US $ Journal: ACCOUNT TITLES AND EXPLANATIONS Per Unit Total DEBIT CREDIT Wages Pavable 1635 Cash 1,635 Paid for wages owed from the prior month $ 1635 Begini Collected accounts receivable 16,610 3 Unadju Purchased 500 car stereo speakers on account $ 111 55,500 Adju Begin Sold its equipment on August 1for cash of 130.291 5 Unadju On August 1 purchased equipment with an estimated useful life of 5 years and a salvage value of $500 paying cash of Adju 65,300 151 price Begini Unadiu Sold 530 car stereo speakers on account using FIFO perpetual inventory; beginning inventory consisted of 100 stereos at a cos 110 Adju Paid accounts payable 66.000 Begin Unadju Declared and paid a cash dividend 1,085 9 Adju Wrole off specific bankrupt customers' accounts 755 A1 Begin Adjusted for Allowance for Doubtful Accounts to equal 4,530 Unadju A2 Adu Adjusted for insurance used during the month 43 Begin Adjusted for depreciation of its equipment A4 Unadu Adjusted for wages owed that will be paid in the next month 1635 Agu + Assets Dash Liabilities Accounts Payable Shareholders' Equity Stock Beginning Balance Unadjusted Balance Adjusted Balance Accounts Receivable Wages Payable Retained Earrings Beginning Balance Unadjusted Balance Adjusted Balance llowance for Doubtful Accoun Beginning Balance Sales Revenue + Unadjusted Balance Adjusted Balance Inventory Cost of Goods Sold Beginning Balance Unadjusted Balance Adjusted Balance Prepaid Insurance Insurance Expense Beginning Balance Unadjusted Balance Adjusted Balance Equipment Depreciation Expense Beginning Balance Unadjusted Balance Adjusted Balance Accumulated Depreciation Wages Expense Pecincin Balance H Beginning Balance Unadjusted Balance Adjusted Balance Prepad Insurance Insurance Expense Beginning Balance Unadjusted Balance Adjusted Balance Equipment Depreci shon Expense Beginning Balance Unadjusted Balance Adjusted Balance Accumulated Depreciation Wages Expense + Begirring Balance Unadjusted Balance Adjusted Balance Doubtful Accounts Experise Beginning Balance Unadjusted Balance Adjusted Balance iain Loss on Sale of Equipmer Beginning Balance Unadjusted Balance Adjusted Balance Dividends Beginning Balance Unadjusted Balance Adjusted Balance Trial Balances (in US $): August 31 Unadjusted Adjusted Account Title Debits Credits Debits Credits Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Stock Retained Earnings Sales Revenue Cost of Goods Sold Insurance Expense Depreciation Expense Wages Expense Doubtful Accounts Expense Gain (Loss) on Sale of Equipment Dividends Total Diagnostic Check: Delvis - Credits True True 2 Adjusted Trial Balance (in US $): Account Title 4 Cash 5 Accounts Receivable 6 Allowance for Doubtful Accounts 7 Inventory 8 Prepaid Insurance 9 Equipment 10 Accumulated Depreciation 11 Accounts Payable 12 Wages Payable 13 Stock 14 Retained Earnings 15 Sales Revenue 16 Cost of Goods Sold 17 Insurance Expense 18 Depreciation Expense 19 Wages Expense 20 Doubtful Accounts Expense 21 Dividends 22 Total 23 July 31 Debits Credits 65,232 18,271 906 11,000 1,620 129,600 4,320 66,000 1,635 109,000 27,062 83,050 60,400 540 1,080 1,635 1,510 1,085 291,973 291,973 G Genel D E During August, its 5th month of business, Car TunesAmounts in US $ Journal: ACCOUNT TITLES AND EXPLANATIONS Per Unit Total DEBIT CREDIT Wages Pavable 1635 Cash 1,635 Paid for wages owed from the prior month $ 1635 Begini Collected accounts receivable 16,610 3 Unadju Purchased 500 car stereo speakers on account $ 111 55,500 Adju Begin Sold its equipment on August 1for cash of 130.291 5 Unadju On August 1 purchased equipment with an estimated useful life of 5 years and a salvage value of $500 paying cash of Adju 65,300 151 price Begini Unadiu Sold 530 car stereo speakers on account using FIFO perpetual inventory; beginning inventory consisted of 100 stereos at a cos 110 Adju Paid accounts payable 66.000 Begin Unadju Declared and paid a cash dividend 1,085 9 Adju Wrole off specific bankrupt customers' accounts 755 A1 Begin Adjusted for Allowance for Doubtful Accounts to equal 4,530 Unadju A2 Adu Adjusted for insurance used during the month 43 Begin Adjusted for depreciation of its equipment A4 Unadu Adjusted for wages owed that will be paid in the next month 1635 Agu + Assets Dash Liabilities Accounts Payable Shareholders' Equity Stock Beginning Balance Unadjusted Balance Adjusted Balance Accounts Receivable Wages Payable Retained Earrings Beginning Balance Unadjusted Balance Adjusted Balance llowance for Doubtful Accoun Beginning Balance Sales Revenue + Unadjusted Balance Adjusted Balance Inventory Cost of Goods Sold Beginning Balance Unadjusted Balance Adjusted Balance Prepaid Insurance Insurance Expense Beginning Balance Unadjusted Balance Adjusted Balance Equipment Depreciation Expense Beginning Balance Unadjusted Balance Adjusted Balance Accumulated Depreciation Wages Expense Pecincin Balance H Beginning Balance Unadjusted Balance Adjusted Balance Prepad Insurance Insurance Expense Beginning Balance Unadjusted Balance Adjusted Balance Equipment Depreci shon Expense Beginning Balance Unadjusted Balance Adjusted Balance Accumulated Depreciation Wages Expense + Begirring Balance Unadjusted Balance Adjusted Balance Doubtful Accounts Experise Beginning Balance Unadjusted Balance Adjusted Balance iain Loss on Sale of Equipmer Beginning Balance Unadjusted Balance Adjusted Balance Dividends Beginning Balance Unadjusted Balance Adjusted Balance Trial Balances (in US $): August 31 Unadjusted Adjusted Account Title Debits Credits Debits Credits Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Stock Retained Earnings Sales Revenue Cost of Goods Sold Insurance Expense Depreciation Expense Wages Expense Doubtful Accounts Expense Gain (Loss) on Sale of Equipment Dividends Total Diagnostic Check: Delvis - Credits True True 2 Adjusted Trial Balance (in US $): Account Title 4 Cash 5 Accounts Receivable 6 Allowance for Doubtful Accounts 7 Inventory 8 Prepaid Insurance 9 Equipment 10 Accumulated Depreciation 11 Accounts Payable 12 Wages Payable 13 Stock 14 Retained Earnings 15 Sales Revenue 16 Cost of Goods Sold 17 Insurance Expense 18 Depreciation Expense 19 Wages Expense 20 Doubtful Accounts Expense 21 Dividends 22 Total 23 July 31 Debits Credits 65,232 18,271 906 11,000 1,620 129,600 4,320 66,000 1,635 109,000 27,062 83,050 60,400 540 1,080 1,635 1,510 1,085 291,973 291,973