ITEM ACCOUNTS TITLE AND EXPLANATION DERETSOCKETS 03. 5.04 Paste) 6514 (To co purchase and with 310 OL. DEAR 20 CS To roard les 5 2004 De Cost of CMerandi Te rond could S 12.De Dr. Accu PS 6.30 C. Salam Cr. Cu Clowodad for 2nd Dec purchase S S HO DC 2 Da Poste descount 751 CAR 323.00 To recent cash received the ad Dr.Owners G C 5 20 (Found card with by Chun) Dec ITEM ACCOUNTS TITLE AND EXPLANATION DEBITOSO CREDITS 31 De illity pred 1100 Chaty pre pe S 3.50 record cry of Dec 31-Dec De Wages Expo 100 days Cages Payable Fotocad 5 200 De Bucet tapetes Intro le cord increased on Noel 1 3.Dec Det es CI (Tomo ning 14.00 15 IS 15 31.12 20 Dr. Inte expre C. Pancarance 5 (Tere 31. Dec $ 4 Dr. Deproces Accommodation Trending 543-year De named Rest vom 1.7 Ct Relax $ 11 Te record ten cented by the 500 mm 31-Des 2.114 Dispone 21 Office Sul S To complessed 12.00 3D De Rapore Het Puhe Torcondatapeeda bot paid 5 2:53 3. De internt lips Interest To recordamos 5 income Statement For the period ending Dec. 31, 20X1 Sales Less: Sales Discounts Net Sales COGS Gross Profit Operating Expenses Selling Expenses Utilities Expense Rent Expense Salaries Expense Depreciation Exense Total Selling Expenses G&A Expenses Insurance Expense Supplies Expense Salaries Expense Total G&A Exenses Total operating expenses Income From Operations Other Revenues and gains expenses and losses Interest Revenue Rent Revenue Interest Expense Net Income Assets: Current Assets: Cash Accounts receivable Interest Receivable Note Receivable Inventory Supplies Prepaid Rent Prepaid Insurance Long-term Assets: Equipment Accumulated Depreciation Total Assets Macklemore, Inc. Balance Sheet As of Dec. 31, 20X1 Liabilities: Accounts Payable Utilities Payable Salaries Payable Notes Payable Interest Payable Unearned Rent Revenue Total Liabilities: Equity Capital Total Equity: Total Liabilities & Equity Macklemore, Inc. Statement of Owners' Equity For the Period ending Dec. 31, 20X1 Beginning Capital, Dec. 1 Investments Net Income Withdrawals Ending Capital, Dec. 31 Uuuu Macklemore, Inc. Trial Balance Dec. 2, 20X1 Cash $ 95,000 Accounts Receivable $ 10,000 Note Receivable $ 25,000 Inventory $ 23,400 Supplies $ 2,600 Equipment $ 43,000 Prepaid Rent $ 6,000 Prepaid Insurance $ 2,400 Accounts Payable 88,310 Notes Payable $ 12,000 Uneamed Rent Revenue $ 4,000 Capital 91,550 Sales $ 45,900 Cost of Goods Sold $ 32,560 Salaries Expense $ 1,800 Total $ 241,760 $ 241,760 5 YOUR STUDENT ID #774 2 6 3 2 4 2 4 A A B C na topractions in the general lournal then prepare the trial balance for December 31: uuuu | Unadjusted Trial Balance Dr. Cr. Adjustments Dr. Cr. Adjusted Trial Balance Dr. Or. Post Closing Trial Balance Dr. CE 10.000 HO 0.000 LODO MO 25,000 25.000 BLOON Account Title Cash Accounts Receivable Interest Receivable Note Receivable Inventory Supplies Equipment Accumulated Depreciation Prepald Rent Prepald Insurance Accounts Payable Notes Payable interest Payable Utilities Payable Salarles Payable Unearned Rent Revenue Capital Withdrawals Sales Rent Revenue Interest Revenue Cost of Goods Sold Sales Discount Utilities Expense Salaries Expense Insurance Expense Rent Expense Supplies Expense Interest Expense Depreciation Expense Total ITEM ACCOUNTS TITLE AND EXPLANATION DERETSOCKETS 03. 5.04 Paste) 6514 (To co purchase and with 310 OL. DEAR 20 CS To roard les 5 2004 De Cost of CMerandi Te rond could S 12.De Dr. Accu PS 6.30 C. Salam Cr. Cu Clowodad for 2nd Dec purchase S S HO DC 2 Da Poste descount 751 CAR 323.00 To recent cash received the ad Dr.Owners G C 5 20 (Found card with by Chun) Dec ITEM ACCOUNTS TITLE AND EXPLANATION DEBITOSO CREDITS 31 De illity pred 1100 Chaty pre pe S 3.50 record cry of Dec 31-Dec De Wages Expo 100 days Cages Payable Fotocad 5 200 De Bucet tapetes Intro le cord increased on Noel 1 3.Dec Det es CI (Tomo ning 14.00 15 IS 15 31.12 20 Dr. Inte expre C. Pancarance 5 (Tere 31. Dec $ 4 Dr. Deproces Accommodation Trending 543-year De named Rest vom 1.7 Ct Relax $ 11 Te record ten cented by the 500 mm 31-Des 2.114 Dispone 21 Office Sul S To complessed 12.00 3D De Rapore Het Puhe Torcondatapeeda bot paid 5 2:53 3. De internt lips Interest To recordamos 5 income Statement For the period ending Dec. 31, 20X1 Sales Less: Sales Discounts Net Sales COGS Gross Profit Operating Expenses Selling Expenses Utilities Expense Rent Expense Salaries Expense Depreciation Exense Total Selling Expenses G&A Expenses Insurance Expense Supplies Expense Salaries Expense Total G&A Exenses Total operating expenses Income From Operations Other Revenues and gains expenses and losses Interest Revenue Rent Revenue Interest Expense Net Income Assets: Current Assets: Cash Accounts receivable Interest Receivable Note Receivable Inventory Supplies Prepaid Rent Prepaid Insurance Long-term Assets: Equipment Accumulated Depreciation Total Assets Macklemore, Inc. Balance Sheet As of Dec. 31, 20X1 Liabilities: Accounts Payable Utilities Payable Salaries Payable Notes Payable Interest Payable Unearned Rent Revenue Total Liabilities: Equity Capital Total Equity: Total Liabilities & Equity Macklemore, Inc. Statement of Owners' Equity For the Period ending Dec. 31, 20X1 Beginning Capital, Dec. 1 Investments Net Income Withdrawals Ending Capital, Dec. 31 Uuuu Macklemore, Inc. Trial Balance Dec. 2, 20X1 Cash $ 95,000 Accounts Receivable $ 10,000 Note Receivable $ 25,000 Inventory $ 23,400 Supplies $ 2,600 Equipment $ 43,000 Prepaid Rent $ 6,000 Prepaid Insurance $ 2,400 Accounts Payable 88,310 Notes Payable $ 12,000 Uneamed Rent Revenue $ 4,000 Capital 91,550 Sales $ 45,900 Cost of Goods Sold $ 32,560 Salaries Expense $ 1,800 Total $ 241,760 $ 241,760 5 YOUR STUDENT ID #774 2 6 3 2 4 2 4 A A B C na topractions in the general lournal then prepare the trial balance for December 31: uuuu | Unadjusted Trial Balance Dr. Cr. Adjustments Dr. Cr. Adjusted Trial Balance Dr. Or. Post Closing Trial Balance Dr. CE 10.000 HO 0.000 LODO MO 25,000 25.000 BLOON Account Title Cash Accounts Receivable Interest Receivable Note Receivable Inventory Supplies Equipment Accumulated Depreciation Prepald Rent Prepald Insurance Accounts Payable Notes Payable interest Payable Utilities Payable Salarles Payable Unearned Rent Revenue Capital Withdrawals Sales Rent Revenue Interest Revenue Cost of Goods Sold Sales Discount Utilities Expense Salaries Expense Insurance Expense Rent Expense Supplies Expense Interest Expense Depreciation Expense Total
