last of the information

trial balance

TLINE METHOD 1. EQUIPMENT IS DEPRECIATED UTILIZING STRAIGHTLINE AND HAS 10 YEAR LIFE IS DEPRECIATED UTILIZING 52. AUTO IS NOW 3 YEARS OLD AND DOUBLE-DECLINING BALANCE WITH 4 YEAR LIFE 17 53. BAD DEBT EXPENSE IS ESTIMATED TED TO BE 20% OF CREDIT SALES 1834. THE COMPANY UTILIZES WEIGHTED AVERAGE IN CALCULATT PERPETUAL INVENTORIES AND BEGINNING INVENTORIES LCULATING CONSISTED OF: 50,000 PAIRS OF SHOES AT $20 EACH EVITALIZADO 40,000 PAIRS OF SHOES AT $25 EACH STAZI REQUIRED: 19. POST TO LEDGER BALANCES FROM PRIOR YEAR (3 points) 20. PREPARE JOURNAL ENTRIES AND POST ALL ENTRIES TO LEDGER (5 points) 21. PREPARE TRIAL BALANCE (2 points) ONGGOL 22. PREPARE INCOME STATEMENT (2 points) 23. PREPARE STATEMENT OF OWNERS EQUITY (1 mint 24. PREPARE BALANCE SHEET (2 points) 25. PREPARE CLOSING ENTRIES (3 points) 26. PREPARE INVENTORY CHART (2points) 27. PREPARE STATEMENT OF CASH FLOW OLA once STORE 2012 PROBLEM 1-9 JHJ ATHLETIC SHOE STORE LIVABLE 800.000 100.000 LACCOUNTS WITH BALANCES CASH ACCOUNTS RECEIVABLET ALLOWANCE FOR BAD DEBTS SHOE INVENTORY SUPPLIES 50,000 10,000 PREPAID INSURANCE 1,000,000 EQUIPMENT ACCUMLATED DEPRECIATION - EQUIP 400,000 AUTO 100,000 ACCUMULATED DEPRECIATION- AUTO 75.000 ACCOUNTS PAYABLE 80.000 WAGES PAYABLE UNEARNED REVENUE 40,000 NOTE PAYABLE JHJ COMMON STOCK JHJ RETAINED EARNINGS 90,000 2,000,000 JHJ DIVIDENDS SHOE SALES SHOE SALE RETURNS 1,500,000 COST OF GOODS SOLD PURCHASE RETURNS FREIGHT IN RENT EXPENSE - SELLING SUPPLIES EXPENSE -SELLING INSURANCE EXPENSE - ADMINISTRATIVE DEPRECIATION EXPENSE - ADMINISTRATIVE SALES SALARIES BAD DEBT EXPENSE INTEREST EXPENSE JOURNALIZE FOLLOWING TRANSACTIONS 137. INVESTED ADDITIONAL $200,000 IN BUSINESS 2 38. PAID $40,000 FOR SUPPLIES 3 39. PURCHASED 100,000 PAIRS OF SHOES ON MAY 1 ON ACCOUNT FOR $30 EACH 440. CASH SALES 120,000 PAIRS OF SHOES FOR $50 EACH 541. PAID SALARIES FOR $3,000,000 42. PURCHASED ON JULY 1ST, 200,000 PAIRS OF SHOES FOR $40 EACH 743. SOLD ON ACCOUNT ON AUGUST 1ST, 150,000 PAIRS OF SHOES AT S 60 EACH 9 44. PAID $ 500,000 IN DIVIDENDS 745. COLLECTIONS ON ACCOUNTS RECEIVABLE $4,000,000 1046. WRITE-OFF OF UNCLLLECTIBLE ACCOUNTS $90,000 11 47. CASH SALES 30,000 PAIRS OF SHOES AT $70 EACH 1248. PAID $20,000 ON NOTE PLUS $ 10,000 INTEREST (3 49. ENDING SUPPLIES ON HAND $20,000 50. ACCRUED SALARIES END OF YEAR 300,000 TLINE METHOD 1. EQUIPMENT IS DEPRECIATED UTILIZING STRAIGHTLINE AND HAS 10 YEAR LIFE IS DEPRECIATED UTILIZING 52. AUTO IS NOW 3 YEARS OLD AND DOUBLE-DECLINING BALANCE WITH 4 YEAR LIFE 17 53. BAD DEBT EXPENSE IS ESTIMATED TED TO BE 20% OF CREDIT SALES 1834. THE COMPANY UTILIZES WEIGHTED AVERAGE IN CALCULATT PERPETUAL INVENTORIES AND BEGINNING INVENTORIES LCULATING CONSISTED OF: 50,000 PAIRS OF SHOES AT $20 EACH EVITALIZADO 40,000 PAIRS OF SHOES AT $25 EACH STAZI REQUIRED: 19. POST TO LEDGER BALANCES FROM PRIOR YEAR (3 points) 20. PREPARE JOURNAL ENTRIES AND POST ALL ENTRIES TO LEDGER (5 points) 21. PREPARE TRIAL BALANCE (2 points) ONGGOL 22. PREPARE INCOME STATEMENT (2 points) 23. PREPARE STATEMENT OF OWNERS EQUITY (1 mint 24. PREPARE BALANCE SHEET (2 points) 25. PREPARE CLOSING ENTRIES (3 points) 26. PREPARE INVENTORY CHART (2points) 27. PREPARE STATEMENT OF CASH FLOW OLA once STORE 2012 PROBLEM 1-9 JHJ ATHLETIC SHOE STORE LIVABLE 800.000 100.000 LACCOUNTS WITH BALANCES CASH ACCOUNTS RECEIVABLET ALLOWANCE FOR BAD DEBTS SHOE INVENTORY SUPPLIES 50,000 10,000 PREPAID INSURANCE 1,000,000 EQUIPMENT ACCUMLATED DEPRECIATION - EQUIP 400,000 AUTO 100,000 ACCUMULATED DEPRECIATION- AUTO 75.000 ACCOUNTS PAYABLE 80.000 WAGES PAYABLE UNEARNED REVENUE 40,000 NOTE PAYABLE JHJ COMMON STOCK JHJ RETAINED EARNINGS 90,000 2,000,000 JHJ DIVIDENDS SHOE SALES SHOE SALE RETURNS 1,500,000 COST OF GOODS SOLD PURCHASE RETURNS FREIGHT IN RENT EXPENSE - SELLING SUPPLIES EXPENSE -SELLING INSURANCE EXPENSE - ADMINISTRATIVE DEPRECIATION EXPENSE - ADMINISTRATIVE SALES SALARIES BAD DEBT EXPENSE INTEREST EXPENSE JOURNALIZE FOLLOWING TRANSACTIONS 137. INVESTED ADDITIONAL $200,000 IN BUSINESS 2 38. PAID $40,000 FOR SUPPLIES 3 39. PURCHASED 100,000 PAIRS OF SHOES ON MAY 1 ON ACCOUNT FOR $30 EACH 440. CASH SALES 120,000 PAIRS OF SHOES FOR $50 EACH 541. PAID SALARIES FOR $3,000,000 42. PURCHASED ON JULY 1ST, 200,000 PAIRS OF SHOES FOR $40 EACH 743. SOLD ON ACCOUNT ON AUGUST 1ST, 150,000 PAIRS OF SHOES AT S 60 EACH 9 44. PAID $ 500,000 IN DIVIDENDS 745. COLLECTIONS ON ACCOUNTS RECEIVABLE $4,000,000 1046. WRITE-OFF OF UNCLLLECTIBLE ACCOUNTS $90,000 11 47. CASH SALES 30,000 PAIRS OF SHOES AT $70 EACH 1248. PAID $20,000 ON NOTE PLUS $ 10,000 INTEREST (3 49. ENDING SUPPLIES ON HAND $20,000 50. ACCRUED SALARIES END OF YEAR 300,000