General Ledger & Trial Balance help please.

CALCULATOR PRINTER VERSION BACK NEXT Accounting Cyde Review 7-01 a1-f2 Sunland Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger Balance related to both the general ledger and the subsidiary ledger for sunland are indicated in the working papers. Presented below are a series of transactions for Sunland Co. For the month of January, nedit sales termere 2/10, 1/30. The cost of all merchandise sold was 60% of the sales . GENERAL LEDGER Account Number 101 112 Account Cash Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Owner's Capital January 1 Opening Balance $34,250 13,300 41,000 15,000 1,000 1,500 7,350 1,600 35,500 76,300 Schedule of Accounts Receivable (from accounts receivable subsidiary ledger) January 1 Customer Opening Balance R. Beltre B. Santos 7,500 S. Mahay 4,100 $1,700 Schedule of Accounts Payable (from accounts payable subsidiary ledger) January 1 Customer Opening Balance S. Meek 9:20 PM Ah 2/3/2020 Opening Balance Customer 5. Meek R. Moses Di Saito $9,500 17.000 10.000 Jan. 3 5 7 8 9 10 11 12 13 15 15 16 17 18 20 21 21 22 22 23 25 27 27 28 Sel merchandise on account to B Corpas 53,700, invece no. 510, and tou. Revere $1,500 invoice no. 511. Purchase merchandise from S. Gamel $5,000 and D. Posey $2,500, terms/30 Receive checks from S. Mahay $4,100 and B. Santos $2.000 after discount period has lapsed Pay freight on merchandise purchased 5230 Send checks to S. Meek for $8,500 discount, and to Sate for $10,000 less 1 cash discount Issue credit of $300 to 1. Revere for merchandise returned. Daily cash sales from January 1 to January 10 total $15.500. Make one journal entry for these sales Sell merchandise on account to R. Beltre 1.200, invoice no 5121 and S Mahay $900, Invice No. 513. Pay rent of $1,400 for January Receive payment in full from B. Corpas and ). Revere less cash discounts Withdraw $800 cash by M. Sunland for personal use Post all entries to the subsidiary ledgers. Purchase merchandise from D. Saito $15,000, terms 1/10.30: S. Meek $14,600, terms 2/10, 1/30; and Games, soo, mis 30. Pay 800 cash for office supplies Return $400 of merchandise to S. Meek and receive credit! Daily Cash sales from January 11 to January 20 total $20.100. Make one journal entry for these les Issue 17,000 note, maturing in 90 days to Moses in payment of balanced Receive payment in full from S. Mahay less cash dises Sell merchandise on account to . Corp2.700 invoice no 514, and to Beltre 52,100 nice hol. 515 Post all entries to the subsidiary ledgers Send checks to D. Saito ang si Meek info Se merchandise on to Santos 1.000 invoices and to 3 Rewers 561900, vodeno. 5 Purchase merchandise from D. Saito $14 Rose 5500, tem 30 ans damel .100, terms /30. Post all entries to the beard Pays200 cash for off 27 28 31 31 Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. Daily cash sales from January 21 to January 31 total $23,100. Make one journal entry for these sales. Pay sales salaries $4,400 and office salaries $3,000. Your answer is correct. Record the January transactions in a sales journal. (Post entries in the order presented in the problem statement.) Sales Journal S Date Invoice No. Ref. Account Receivable Dr. Sales Revenue Cr. Cost of Good Sold Dr. Inventory Cr. Account Debited TB. Corpas Jan, 3 510 J. Revere TR. Beltre TS. Mahay- B. Corpas R. Betre R. Beltre 1514 515 1515 Dan. 25 11. Revere 23000 Post the journals to the general ledger. (Post entries in the order of Journal entry presented in the previous General Ledger Cash Date Explanation Debit Credit No. 101 Balance 34250 Jan. 1 Balance 31 704841 104734 31 Accounts Receivable Date Explanation No. 112 Balance Debit Credit Jan. 1 Balance 13300 300 Notes Receivable Date Explanation Ref. Debit Credit Jan. 1 Balance No. 115 Balance 41000 No. 120 Balance Inventory Date Explanation Ref. Debit Credit Jan. 1 Balance 15000 Jan. 1 Balance 15000 L 9 CRITI GITT 400 Supplies Date Explanation Ref. Debit Credit No. 125 Balance 1000 Jan. 1 Balance 31 011 Prepaid Insurance Date Explanation Ref. Debit Credit No. 130 Balance 1500 Jan. 1 Balance Equipment Date No. 152 Balance Explanation Ref. Debit Credit Equipment Date Explanation Credit Balance Jan. 1 Balance 7350 Accumulated Depreciation Equipment Date Explanation No. 158 Balance Credit Jan. 1 Balance 1600 Notes Payable Date Explanation No. 200 Balance Jan. 21 Accounts Payable Date Explanation 17000 No. 201 Balance Jan. 1 Balance 35500 Owner's Capital Date Explanation Jan. 1 Balance No. 301 Balance Debit Credit 76300 Owner's Drawings No 36 ATT Owner's Drawings Date Explanation No. 306 Balance Debit Credit Jan 15 800 800 Sales Revenue Date Explanation No, 401 Balance Ref. Debit Credit X Jan. 31 31 CR1 Sales Returns and Allowances Date Explanation No. 412 Balance Ref. Debit Credit Jan. 9 61 300 Sales Discounts Date Explanation No. 414 Balance Ref. Debit Credit Jan. 31 CR1 Cost of Goods Sold Date Explanation No. 505 Balance Ref. Debit Credit Jan. 31 OR1 Salaries and Wages Expense No. 627 CALCULATOR PRINTER VERSION BACK NEXT Prepare a trial balance at January 31, 2020, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information 1. Office supplies at January 31 total $900. 2. Insurance coverage expires on October 31, 2020. 3. Annual depreciation on the equipment is $1,500. 4. Interest of $50 has accrued on the note payable. SUNLAND COMPANY Worksheet For the Month Ended January 31, 2020 Adjustments Adjusted Trial Balance Cr. Dr. Trial Balance Dr. Cr. Income Statement Balance Sheet Account Titles Dr. Cash 71 Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accum. Depreciation Equipment 9:26 PM Golte F Accum. Depreciation-Equipment Notes Payable Accounts Payable - Interest Payable Owner's Capital Owner's Drawings Sales Revenue DODODDIIIIIII Ongoldddddddd ITUUUUUUUUUUU 0000UUUUUUUL TTUUUUUUUUUU TOOUUUUUUUULL UUUUUUC WOODDDDDDDDDD Sales Returns and Allowances ir - - Sales Discounts BA Cost of Goods Sold Salaries and Wages Expense - Rent Expense Totals - Supplies Expense 40 9:26 PM 2/3/2020 Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Supplies Expense Insurance Expense Depreciation Expense 909-19 Interest Expense Totals Net Income Totals LINK TO TEXT LINK TO TEXT Accounting Cycle Review 7-01 a1-12 Sunland Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary edge Balancs related to both the general ledger and the subsidiary ledger for Sunland are indicated in the working papers. Presented below are a series of transactions for Sunland Co. for the month of January Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 60% of the sales price. GENERAL LEDGER Account Number 101 112 115 120 126 Account Title Cash Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Owner's Capital January Opening Balance $34,250 13,300 41,000 15,000 1,000 1,500 7,350 1,600 35,500 76,200 130 157 158 201 301 Schedule of Accounts Receivable (from accounts receivable subsidiary ledger) January 1 Customer Opening Balance $1,700 7,500 4,100 Schedule of Accounts Payable (from accounts payable subsidiary ledger) January 1 Custom Opening Balance 5. Meek $8.500 R Moses 17,000 D. Saito 10,000 Sell merchandise on account to coroas 700, invece, and to Revere 11,500, invece no. 511. Purchase merchandise from S. Game 5.000 and D. Posey $2,500, terms n30. Receive checks from S. Mahay $4,100 and B. Santos $2.000 after discount period has lapsed. Pay freight on merchandise purchased $220. Send checks to Meek for so less cash discount, and to D. Saito for $10.000 less cash discount. Issue credit of $300 to 3. Revere for merchandise returned. Daily cash sales from January 1 to January 10 total $15.500. Make one journal entry for these sales. Sell merchandis e s 200 2 and to hav90. Invoice no. 513 9 10 11 12 13 15 15 16 17 18 21 21 Pay rent of $1,400 for January. Receive payment in full from B. Corpas and J. Revere less cash discounts. Withdraw $800 cash by M. Sunland for personal use. Post all entries to the subsidiary ledgers. Purchase merchandise from D. Saito $15,000, terms 1/10, n/30; S. Meek $14,600, terms 2/10, n/30; and S. Gamel $1,500, terms n/30. Pay $800 cash for office supplies. Return $400 of merchandise to S. Meek and receive credit. Daily cash sales from January 11 to January 20 total $20,100. Make one journal entry for these sales. Issue $17,000 note, maturing in 90 days, to R. Moses in payment of balance due. Receive payment in full from S. Mahay less cash discount. Sell merchandise on account to B. Corpas $2,700, invoice no. 514, and to R. Beltre $2,100, invoice no. 515. Post all entries to the subsidiary ledgers. Send checks to D. Saito and S. Meek in full payment less cash discounts. Sell merchandise on account to B. Santos $4,000, invoice no. 516, and to J. Revere $6,900, invoice no. 517. Purchase merchandise from D. Saito $14,100, terms 1/10, n/30; D. Posey $3,500, terms n/30; and S. Gamel $5,100, terms n/30. Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. Daily cash sales from January 21 to January 31 total $23,100. Make one journal entry for these sales. 22 22 27 27 28 31 Post the journals to the general ledger (Post entries in the order of Journal entry presented in the General Ledger Cash Date No. 101 Balance Explanation Ref. Debit Credit Jan. 1 Balance VT 34250 31 104734 31 Accounts Receivable Date Explanation No. 112 Balance Ref. Debit Credit Jan. 1 Balance 13300 KI CR1T G1 300 Notes Receivable Date Explanation No. 115 Balance Ref. Debit Credit Jan. 1 Balance 41000 1 -1 1 Inventory Date No. 120 Balance Explanation ef ebit Credit Jan. 1 Balance IS 15000 II 1 XXX TTT Il llllllllll llllllllll lllllllllll || || lllllll | || | | | // 11 A llllll No. 125 Supplies Date Explanation Jan. 1 Balance No. 130 Prepaid Insurance Date Explanation Jan. 1 Balance Prepaid Insurance Date Explanation No. 130 Balance Ref. Debit Credit Jan. 1 Balance Equipment Date Explanation Ref. Debit Credit 1500 No. 157 Balance 7350 No. 158 Balance Jan. 1 Balance Accumulated Depreciation Equipment Date Explanation Ref. Debit Credit Jan. 1 Balance Notes Payable Date Explanation 1600 No. 200 Balance Debit Credit Jan. 21 17000 No. 201 Balance Accounts Payable Date Explanation Ref. Debit Credit No. 201 Accounts Payable Date Explanation Balance Jan. 1 Balance 35500 *PX 61 40 21 61 1700 Owner's Capital Date Explanation No. 301 Balance Ref. Debit Credit Jan. 1 Balance VTT T76300 Owner's Drawings Date Explanation No. 306 Balance Ref. Debit Credit Owner's Drawings Date Explanation No. 306 Balance Ref. Debit Jan 15 CP1 Sales Revenue Date Explanation 800 No, 401 Balance Debit Credit Jan. 31 CRI Sales Returns and Allowances Date Explanation No. 412 Balance Ref. Debit Credit Jan. 9 G1 300 Sales Discounts Date Explanation No. 414 Balance Ref. Debit Credit Jan. 31 CRIT 116 Cost of Goods Sold Cost of Goods Sold Date Explanation No. 505 Balance Ref. Debit Credit Jan. 31 Salaries and Wages Expense Date Explanation No. 627 Balance Ref. Debit Credit Jan. 31 CP1 7400 7400 No. 729 Rent Expense Date Explanation Ref. Debit Credit Balance Jan. 12 P1 NEXT Prepare a trial balance at January 31, 2020, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information 1. Office supplies at January 31 total $900. 2. Insurance coverage expires on October 31, 2020. 3. Annual depreciation on the equipment is $1,500. 4. Interest of $50 has accrued on the note payable. SUNLAND COMPANY Worksheet For the Month Ended January 31, 2020 Adjusted Adjustments Trial Balance Cr. Dr. Trial Balance Balance Sheet Income Statement Cr. Dr. Account Titles Cr. cash Accounts Receivable Notes Receivable DOUDOI Inventory Supplies 6:26 PM CALCULATOR PRINTER VERSION BACK NEXT Prepaid Insurance Equipment Accum. Depreciation Equipment Notes Payable Accounts Payable Interest Payable cidddddddddd SO HONDDINININI DDDDDDDDDDD DONDIIDIIDII DET TOICI W|||INUNULI Owner's Capital Owner's Drawings Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries and Wages Expense Rent Expense Totals Supplies Expense Insurance Expense Depreciation Expense Interest Expense Totals Net Income Totals 8020 PM CALCULATOR PRINTER VERSION BACK NEXT Accounting Cyde Review 7-01 a1-f2 Sunland Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger Balance related to both the general ledger and the subsidiary ledger for sunland are indicated in the working papers. Presented below are a series of transactions for Sunland Co. For the month of January, nedit sales termere 2/10, 1/30. The cost of all merchandise sold was 60% of the sales . GENERAL LEDGER Account Number 101 112 Account Cash Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Owner's Capital January 1 Opening Balance $34,250 13,300 41,000 15,000 1,000 1,500 7,350 1,600 35,500 76,300 Schedule of Accounts Receivable (from accounts receivable subsidiary ledger) January 1 Customer Opening Balance R. Beltre B. Santos 7,500 S. Mahay 4,100 $1,700 Schedule of Accounts Payable (from accounts payable subsidiary ledger) January 1 Customer Opening Balance S. Meek 9:20 PM Ah 2/3/2020 Opening Balance Customer 5. Meek R. Moses Di Saito $9,500 17.000 10.000 Jan. 3 5 7 8 9 10 11 12 13 15 15 16 17 18 20 21 21 22 22 23 25 27 27 28 Sel merchandise on account to B Corpas 53,700, invece no. 510, and tou. Revere $1,500 invoice no. 511. Purchase merchandise from S. Gamel $5,000 and D. Posey $2,500, terms/30 Receive checks from S. Mahay $4,100 and B. Santos $2.000 after discount period has lapsed Pay freight on merchandise purchased 5230 Send checks to S. Meek for $8,500 discount, and to Sate for $10,000 less 1 cash discount Issue credit of $300 to 1. Revere for merchandise returned. Daily cash sales from January 1 to January 10 total $15.500. Make one journal entry for these sales Sell merchandise on account to R. Beltre 1.200, invoice no 5121 and S Mahay $900, Invice No. 513. Pay rent of $1,400 for January Receive payment in full from B. Corpas and ). Revere less cash discounts Withdraw $800 cash by M. Sunland for personal use Post all entries to the subsidiary ledgers. Purchase merchandise from D. Saito $15,000, terms 1/10.30: S. Meek $14,600, terms 2/10, 1/30; and Games, soo, mis 30. Pay 800 cash for office supplies Return $400 of merchandise to S. Meek and receive credit! Daily Cash sales from January 11 to January 20 total $20.100. Make one journal entry for these les Issue 17,000 note, maturing in 90 days to Moses in payment of balanced Receive payment in full from S. Mahay less cash dises Sell merchandise on account to . Corp2.700 invoice no 514, and to Beltre 52,100 nice hol. 515 Post all entries to the subsidiary ledgers Send checks to D. Saito ang si Meek info Se merchandise on to Santos 1.000 invoices and to 3 Rewers 561900, vodeno. 5 Purchase merchandise from D. Saito $14 Rose 5500, tem 30 ans damel .100, terms /30. Post all entries to the beard Pays200 cash for off 27 28 31 31 Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. Daily cash sales from January 21 to January 31 total $23,100. Make one journal entry for these sales. Pay sales salaries $4,400 and office salaries $3,000. Your answer is correct. Record the January transactions in a sales journal. (Post entries in the order presented in the problem statement.) Sales Journal S Date Invoice No. Ref. Account Receivable Dr. Sales Revenue Cr. Cost of Good Sold Dr. Inventory Cr. Account Debited TB. Corpas Jan, 3 510 J. Revere TR. Beltre TS. Mahay- B. Corpas R. Betre R. Beltre 1514 515 1515 Dan. 25 11. Revere 23000 Post the journals to the general ledger. (Post entries in the order of Journal entry presented in the previous General Ledger Cash Date Explanation Debit Credit No. 101 Balance 34250 Jan. 1 Balance 31 704841 104734 31 Accounts Receivable Date Explanation No. 112 Balance Debit Credit Jan. 1 Balance 13300 300 Notes Receivable Date Explanation Ref. Debit Credit Jan. 1 Balance No. 115 Balance 41000 No. 120 Balance Inventory Date Explanation Ref. Debit Credit Jan. 1 Balance 15000 Jan. 1 Balance 15000 L 9 CRITI GITT 400 Supplies Date Explanation Ref. Debit Credit No. 125 Balance 1000 Jan. 1 Balance 31 011 Prepaid Insurance Date Explanation Ref. Debit Credit No. 130 Balance 1500 Jan. 1 Balance Equipment Date No. 152 Balance Explanation Ref. Debit Credit Equipment Date Explanation Credit Balance Jan. 1 Balance 7350 Accumulated Depreciation Equipment Date Explanation No. 158 Balance Credit Jan. 1 Balance 1600 Notes Payable Date Explanation No. 200 Balance Jan. 21 Accounts Payable Date Explanation 17000 No. 201 Balance Jan. 1 Balance 35500 Owner's Capital Date Explanation Jan. 1 Balance No. 301 Balance Debit Credit 76300 Owner's Drawings No 36 ATT Owner's Drawings Date Explanation No. 306 Balance Debit Credit Jan 15 800 800 Sales Revenue Date Explanation No, 401 Balance Ref. Debit Credit X Jan. 31 31 CR1 Sales Returns and Allowances Date Explanation No. 412 Balance Ref. Debit Credit Jan. 9 61 300 Sales Discounts Date Explanation No. 414 Balance Ref. Debit Credit Jan. 31 CR1 Cost of Goods Sold Date Explanation No. 505 Balance Ref. Debit Credit Jan. 31 OR1 Salaries and Wages Expense No. 627 CALCULATOR PRINTER VERSION BACK NEXT Prepare a trial balance at January 31, 2020, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information 1. Office supplies at January 31 total $900. 2. Insurance coverage expires on October 31, 2020. 3. Annual depreciation on the equipment is $1,500. 4. Interest of $50 has accrued on the note payable. SUNLAND COMPANY Worksheet For the Month Ended January 31, 2020 Adjustments Adjusted Trial Balance Cr. Dr. Trial Balance Dr. Cr. Income Statement Balance Sheet Account Titles Dr. Cash 71 Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accum. Depreciation Equipment 9:26 PM Golte F Accum. Depreciation-Equipment Notes Payable Accounts Payable - Interest Payable Owner's Capital Owner's Drawings Sales Revenue DODODDIIIIIII Ongoldddddddd ITUUUUUUUUUUU 0000UUUUUUUL TTUUUUUUUUUU TOOUUUUUUUULL UUUUUUC WOODDDDDDDDDD Sales Returns and Allowances ir - - Sales Discounts BA Cost of Goods Sold Salaries and Wages Expense - Rent Expense Totals - Supplies Expense 40 9:26 PM 2/3/2020 Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Supplies Expense Insurance Expense Depreciation Expense 909-19 Interest Expense Totals Net Income Totals LINK TO TEXT LINK TO TEXT Accounting Cycle Review 7-01 a1-12 Sunland Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary edge Balancs related to both the general ledger and the subsidiary ledger for Sunland are indicated in the working papers. Presented below are a series of transactions for Sunland Co. for the month of January Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 60% of the sales price. GENERAL LEDGER Account Number 101 112 115 120 126 Account Title Cash Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Owner's Capital January Opening Balance $34,250 13,300 41,000 15,000 1,000 1,500 7,350 1,600 35,500 76,200 130 157 158 201 301 Schedule of Accounts Receivable (from accounts receivable subsidiary ledger) January 1 Customer Opening Balance $1,700 7,500 4,100 Schedule of Accounts Payable (from accounts payable subsidiary ledger) January 1 Custom Opening Balance 5. Meek $8.500 R Moses 17,000 D. Saito 10,000 Sell merchandise on account to coroas 700, invece, and to Revere 11,500, invece no. 511. Purchase merchandise from S. Game 5.000 and D. Posey $2,500, terms n30. Receive checks from S. Mahay $4,100 and B. Santos $2.000 after discount period has lapsed. Pay freight on merchandise purchased $220. Send checks to Meek for so less cash discount, and to D. Saito for $10.000 less cash discount. Issue credit of $300 to 3. Revere for merchandise returned. Daily cash sales from January 1 to January 10 total $15.500. Make one journal entry for these sales. Sell merchandis e s 200 2 and to hav90. Invoice no. 513 9 10 11 12 13 15 15 16 17 18 21 21 Pay rent of $1,400 for January. Receive payment in full from B. Corpas and J. Revere less cash discounts. Withdraw $800 cash by M. Sunland for personal use. Post all entries to the subsidiary ledgers. Purchase merchandise from D. Saito $15,000, terms 1/10, n/30; S. Meek $14,600, terms 2/10, n/30; and S. Gamel $1,500, terms n/30. Pay $800 cash for office supplies. Return $400 of merchandise to S. Meek and receive credit. Daily cash sales from January 11 to January 20 total $20,100. Make one journal entry for these sales. Issue $17,000 note, maturing in 90 days, to R. Moses in payment of balance due. Receive payment in full from S. Mahay less cash discount. Sell merchandise on account to B. Corpas $2,700, invoice no. 514, and to R. Beltre $2,100, invoice no. 515. Post all entries to the subsidiary ledgers. Send checks to D. Saito and S. Meek in full payment less cash discounts. Sell merchandise on account to B. Santos $4,000, invoice no. 516, and to J. Revere $6,900, invoice no. 517. Purchase merchandise from D. Saito $14,100, terms 1/10, n/30; D. Posey $3,500, terms n/30; and S. Gamel $5,100, terms n/30. Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. Daily cash sales from January 21 to January 31 total $23,100. Make one journal entry for these sales. 22 22 27 27 28 31 Post the journals to the general ledger (Post entries in the order of Journal entry presented in the General Ledger Cash Date No. 101 Balance Explanation Ref. Debit Credit Jan. 1 Balance VT 34250 31 104734 31 Accounts Receivable Date Explanation No. 112 Balance Ref. Debit Credit Jan. 1 Balance 13300 KI CR1T G1 300 Notes Receivable Date Explanation No. 115 Balance Ref. Debit Credit Jan. 1 Balance 41000 1 -1 1 Inventory Date No. 120 Balance Explanation ef ebit Credit Jan. 1 Balance IS 15000 II 1 XXX TTT Il llllllllll llllllllll lllllllllll || || lllllll | || | | | // 11 A llllll No. 125 Supplies Date Explanation Jan. 1 Balance No. 130 Prepaid Insurance Date Explanation Jan. 1 Balance Prepaid Insurance Date Explanation No. 130 Balance Ref. Debit Credit Jan. 1 Balance Equipment Date Explanation Ref. Debit Credit 1500 No. 157 Balance 7350 No. 158 Balance Jan. 1 Balance Accumulated Depreciation Equipment Date Explanation Ref. Debit Credit Jan. 1 Balance Notes Payable Date Explanation 1600 No. 200 Balance Debit Credit Jan. 21 17000 No. 201 Balance Accounts Payable Date Explanation Ref. Debit Credit No. 201 Accounts Payable Date Explanation Balance Jan. 1 Balance 35500 *PX 61 40 21 61 1700 Owner's Capital Date Explanation No. 301 Balance Ref. Debit Credit Jan. 1 Balance VTT T76300 Owner's Drawings Date Explanation No. 306 Balance Ref. Debit Credit Owner's Drawings Date Explanation No. 306 Balance Ref. Debit Jan 15 CP1 Sales Revenue Date Explanation 800 No, 401 Balance Debit Credit Jan. 31 CRI Sales Returns and Allowances Date Explanation No. 412 Balance Ref. Debit Credit Jan. 9 G1 300 Sales Discounts Date Explanation No. 414 Balance Ref. Debit Credit Jan. 31 CRIT 116 Cost of Goods Sold Cost of Goods Sold Date Explanation No. 505 Balance Ref. Debit Credit Jan. 31 Salaries and Wages Expense Date Explanation No. 627 Balance Ref. Debit Credit Jan. 31 CP1 7400 7400 No. 729 Rent Expense Date Explanation Ref. Debit Credit Balance Jan. 12 P1 NEXT Prepare a trial balance at January 31, 2020, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information 1. Office supplies at January 31 total $900. 2. Insurance coverage expires on October 31, 2020. 3. Annual depreciation on the equipment is $1,500. 4. Interest of $50 has accrued on the note payable. SUNLAND COMPANY Worksheet For the Month Ended January 31, 2020 Adjusted Adjustments Trial Balance Cr. Dr. Trial Balance Balance Sheet Income Statement Cr. Dr. Account Titles Cr. cash Accounts Receivable Notes Receivable DOUDOI Inventory Supplies 6:26 PM CALCULATOR PRINTER VERSION BACK NEXT Prepaid Insurance Equipment Accum. Depreciation Equipment Notes Payable Accounts Payable Interest Payable cidddddddddd SO HONDDINININI DDDDDDDDDDD DONDIIDIIDII DET TOICI W|||INUNULI Owner's Capital Owner's Drawings Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries and Wages Expense Rent Expense Totals Supplies Expense Insurance Expense Depreciation Expense Interest Expense Totals Net Income Totals 8020 PM