SECTION The company the permalm C150.000 The the powo. . we want the Minh A 301 werdepot whethemet - rystal Preparation of the cow E3-1 LOG el.com Aspen sind Tal compromera 103 The fun Mar 2015 Septes The heching.com Poches 100.000 Swapwa be the 1 Plus Oct 2000. The company Code de todo o Theaters Palohet femth of the fine 2011 Touch KO 50 e Reguita .LOhio Liet 4 5 CHAPTER 2 Review of the Accounting Process E 2-6 Indicate whether it will increase or decrease theach of the following accounts listed in item Dehind LOI Increase or Decrease (0) Account Inventory Depreciation were Accounts payable Prepaident Sales revenue Ordinary share capital 1 Wages payable 8 Cost of goods sold Uity expense 10 Equipment 11 Accounts receivable 12 Alowance for uncollectible accounts 13 Bad debt expense 14. Interest expense 15 Interest revenge T6 Gain on sale of equipment E2 Some of the ledger accounts for the Sanderson Hardware Company are numbered and listed below. For Thinction and the October 2013 actions cumbered trough 12 helow, indicate by account number which account des be debited and credited. The company uses the perpetual inventory system. Ascame that appropriate LOI entries were made at the end of September Accountable 2) Equment inventory (4) Accounts receivable ISICA 16 Supplies 171 Supplies esconde Prepaidat 19 Sales Retained earning (11) Note payable (12) Ordinary share capital (131 Unemred revenon (14) Rent expense (15) Wages payable (16) Cost of goods sold (17) Wage expert stepen Account Debited Account Credited Example Purchased inventory for cash 1. Pada can video 2. Pident for the next three months 3. Sold oods to customers an account 4. Pacused inventory on account 5. Perchased supplies for cash Paid employees for Secuber 7 dinary has exchange for cash Collected and from customers for poods sold in 3 Borrowed cash from a bank and signed a no 10. At the end of October recorded the mount of supplies that had been ad during the month 11 Rowed cash for advance payment from customer 12. Accred employee wages for October E2- Prepare the necessary title at December 1, 2013, for the Bill Company for each of the followi Adjusting entries Assume that social statements went prepared during the year and adjusting entries were LOA LOA recorded 1. A year fire inanance policy was purchased on lub .2015, for $72,000. The company debited insurance expense for the endine amount Depreciation one totaled SS. Sarthe The company determined that counts receivable in the amount of $6.500 will probably not be collected. The aliance for collectible con contra credit balance of $2.000 efore any adjustment maries of SIN.000 for the month of December will be paid in early Lammy 2014 3. On November 1, 2013, the company howed from a hunk The Beques principal at 125 bed on April 30, 2014 On December 1, 2013, the company 1.000 is why this notice poce in Falwelding. The proprie for Decemberry, was conditie neamed entre 206 SECTION E 43 Map ACT Debits Credits 400.00 LOLOLO Canto pode 1.100.000 400.000 40.000 000.00 Hequired Preparing while-e.com 30 din E The flyttet AXEL CORPORATION Income Stan For Ended December 2013 RO1101 ded bom Oooos 000 DE 000 W 000 C 125.000 81000 ST.000 24.000 15.000 SC $120000 LOLO De RS LOLOT SECTION The company the permalm C150.000 The the powo. . we want the Minh A 301 werdepot whethemet - rystal Preparation of the cow E3-1 LOG el.com Aspen sind Tal compromera 103 The fun Mar 2015 Septes The heching.com Poches 100.000 Swapwa be the 1 Plus Oct 2000. The company Code de todo o Theaters Palohet femth of the fine 2011 Touch KO 50 e Reguita .LOhio Liet 4 5 CHAPTER 2 Review of the Accounting Process E 2-6 Indicate whether it will increase or decrease theach of the following accounts listed in item Dehind LOI Increase or Decrease (0) Account Inventory Depreciation were Accounts payable Prepaident Sales revenue Ordinary share capital 1 Wages payable 8 Cost of goods sold Uity expense 10 Equipment 11 Accounts receivable 12 Alowance for uncollectible accounts 13 Bad debt expense 14. Interest expense 15 Interest revenge T6 Gain on sale of equipment E2 Some of the ledger accounts for the Sanderson Hardware Company are numbered and listed below. For Thinction and the October 2013 actions cumbered trough 12 helow, indicate by account number which account des be debited and credited. The company uses the perpetual inventory system. Ascame that appropriate LOI entries were made at the end of September Accountable 2) Equment inventory (4) Accounts receivable ISICA 16 Supplies 171 Supplies esconde Prepaidat 19 Sales Retained earning (11) Note payable (12) Ordinary share capital (131 Unemred revenon (14) Rent expense (15) Wages payable (16) Cost of goods sold (17) Wage expert stepen Account Debited Account Credited Example Purchased inventory for cash 1. Pada can video 2. Pident for the next three months 3. Sold oods to customers an account 4. Pacused inventory on account 5. Perchased supplies for cash Paid employees for Secuber 7 dinary has exchange for cash Collected and from customers for poods sold in 3 Borrowed cash from a bank and signed a no 10. At the end of October recorded the mount of supplies that had been ad during the month 11 Rowed cash for advance payment from customer 12. Accred employee wages for October E2- Prepare the necessary title at December 1, 2013, for the Bill Company for each of the followi Adjusting entries Assume that social statements went prepared during the year and adjusting entries were LOA LOA recorded 1. A year fire inanance policy was purchased on lub .2015, for $72,000. The company debited insurance expense for the endine amount Depreciation one totaled SS. Sarthe The company determined that counts receivable in the amount of $6.500 will probably not be collected. The aliance for collectible con contra credit balance of $2.000 efore any adjustment maries of SIN.000 for the month of December will be paid in early Lammy 2014 3. On November 1, 2013, the company howed from a hunk The Beques principal at 125 bed on April 30, 2014 On December 1, 2013, the company 1.000 is why this notice poce in Falwelding. The proprie for Decemberry, was conditie neamed entre 206 SECTION E 43 Map ACT Debits Credits 400.00 LOLOLO Canto pode 1.100.000 400.000 40.000 000.00 Hequired Preparing while-e.com 30 din E The flyttet AXEL CORPORATION Income Stan For Ended December 2013 RO1101 ded bom Oooos 000 DE 000 W 000 C 125.000 81000 ST.000 24.000 15.000 SC $120000 LOLO De RS LOLOT