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I need the T Account Analysis. I filled in some of what I believe the answers are but I dont know the Time showing the
I need the T Account Analysis. I filled in some of what I believe the answers are but I dont know the "Time showing the amount of Unearned Revenue"
D E G B General Journal Date Credit Account Debit 32,000 Apr 01 Cash Uneamed Revenue Received 4 month patment in advance 32,000 Apr 03 1,825 Wages Payable Cash Pay wages due employees from March 1.825 Apr 04 Truck Rental Expense 500 Cash 500 Pay Apr Truck Rental Apr 20 Cash 30,250 30 250 Accounts Receviable Collect cash from prop. Mgt.co on their acct. U Apr 30 U Accounts Receviable Service Revenue 28,250 28 250 Invioce prop mgt. for April services 7 8 9 0 1 Apr 30 20,250 Wages Expense Cash Pay wages for April 20,250 -2 13 14 35 Apr 30 1,000 35 Depreciation Exepense Accululated Depreciation Depreciation adjustment for April 1,000 37 38 39 Apr 30 1.400 40 Supplies Expense Supplies Adjust Supplies to April 30 on-hand ball 1.400 42 43 Apr 30 Uneamed Revenue Service Revenue 8.000 44 8.000 General Journal General Ledger T Account Ananlysis Income Stat & Bal Sheet General Ledger Assets Liabilities Owners' Equity Or Cash Dr Cr 21.025 32.000 1825 Wages Payable Dr. Cr 1825 1025 0 Common Stock CI 50 000 Beg Balance Apr 30 Ending Balance Beg Balance Beg Balance Apr 1 Apr 03 Apr 04 Apr 20 Apr 30 Ending Balance Ending Balance 500 50,000 30,250 20 250 Dr. 60.700 Retained Earnings CH 41.450 Unearned Revenue Dr. Cr 0 32,000 8.000 24,000 Beg Balance Apr 01 Apr 30 Ending Balance Beg Balance Ending Balance Beg Balance Apr 20 Apr 30 Ending Balance Accounts Dr Recivable CH 30.250 30.250 28,250 28 250 Dr Beg Balance Apr 30 Apr 30 Ending Balance Service Revenue 0 28 250 8.000 36 250 Beg Balance Apr 3D De Supplies 9,000 1,400 Suppls Expense Ending Balance 7,600 0 Beg Balance Apr 30 1.400 Cr. Beg Balance Dr Equipment 48.000 Ending Balance 1.400 Ending Balance 48,000 Truck Rental Expense Dr Cr Dr Accumulated Depreciation CH 15,000 1,000 16,000 Beg, Balance Apr 30 Ending Balance 0 500 500 Beg Balance Apr 30 Ending Balance Wages Expense Or Cr Beg Balance Apr 30 Ending Balance 0 20.250 20.250 Depreciation Dr . 0 Beg Balance Apr 30 Ending Balance 1,000 1000 General Journal General Ledger T Account Ananlysis Income Stat & Bal Sheet A B E F G H 7 8 9 Lenny's Income Statement For The Month Of April 2019 10 11 12 13 14 Service Revenue $36,250 15 36,250 16 17 18 Expenses Supplies Truck Rental Wages Depreciation 19 (1.400) (500) (20,250) (1,000) ($23.150) $13,100 20 21 Net Income 22 23 24 25 26 Balance Sheet 27 28 29 30 31 32 Assets: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Total Assets $60,700 28,250 7,600 48,000 (16,000) $128.550 33 34 35 36 37 38 Liabilities: Wages Payable Unerarned Revenue Total Liabilities 39 $0 24 000 24,000 40 41 O 42 43 44 Equity: Common Stock Retained Earnings Total Equity Total Liabilities and Equity 50,000 54,550 104,550 $128.550 45 46 48 49 50 N 6 Problem 8-5 --Lenny's April Accounting Period 7 8 "T" Account Analysis for Asset and Liability Accounts 9 Account Name Supplies (asset account) 10 Debit Credit (1.) What is the current balance? 11 9000 (3) What adjustment is required to adjust from the current 12 balance to the should be balance? 1400 (2) What should be the balance? 13 7600 14 15 Time Showing the Amount of Unearned Revenue on April 1 and April 30 16 17 32000 1 Apr 18 30-Apr 31-May 30-Jun 31-Jul 19 20 21 22 "T" Account Analysis for Asset and Liability Accounts Account Name Unearned Revenue Debit Credit 23 (1.) What is the current balance? 24 (3) What adjustment is required to adjust from the current 25 balance to the should be balance? 32000 80001 (2) What should be the balance? 26 24000 General Journal General Ledger T Account Ananlysis Income Stat & Bal Sheet
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