The trial balance of Johnson Travel at December 31, 2005 follows, along with the data for the month end adjustments Johnson Travel Trial Balance December 31, 2005 Cash 1300 AR 6600 Supplies 2300 Prepaid rent 1600 Furniture 36000 Accumulated depreciation (furniture) A/P 4800 4500 600 26000 29000 106000 Unearned service revenue Capital Withdrawals Service revenue Depreciation expense Salary expense Rent expense Supplies expenso Total 2300 39900 20000 2900 141900 141900 a) Depreciation on fumiture for the month. The estimated useful life of the furniture is 3 years Click to select your answer(s) TUL 14 a) Depreciation on furniture for the month. The estimated useful life of the furniture is 3 years. b) On December 1, the business moved into a new office and paid the first 5 months rent as advance. Propalid rent expired during the month c) Service Revenue of $ 400 were earned during the month from the services performed for clients who had paid in advance d) The salary expense is $215 per day - and the business pays employees every Fridayweekly payroll is from Monday to Friday) This year December 31 fails on a Monday e) Supplies on hand at Dec 31 S1800 1) What adjusting entry will Jonson make on this transaction ? a) Depreciation on furniture for the month. The estimated useful life of the furniture is 3 years A. none of them O B. Depreciation Expense 4800 Accumulated Depreciation 4800 OC. Depreciation Expense 1000 Accumulated Depreciation 1000 OD. Depreciation Expense 7200 Accumulated Depreciation 7200 O E. Depreciation Expense 7200 Furniture 7200 2) What adjusting entry will Jonson make on this transaction ? b) On December 1, the business moved into a new office and paid the first 5 months' rent as advancn. Prepaid rent expired during the month. O A Rent Expense 4000 Prepaid Rent 4000 OB. Rent Expense 1600 Prepaid Ront 1600 O C. none of them OD. Rent Expense 320 Prepaid Rent 320 3) What adjusting entry will Jonson make on this transaction? c) Service Revenue of $ 400 were earned during the month from the services performed for clients who had paid in advance O A none of them OB. Unearned Service Revenue 400 Service Revenue 400 C. Uneared Service Revenue 600 Service Revenue 600 OD. Service Revenue 200 Uneamed Service Revenue 200 Click to select your answers) 4) What adjusting entry will Jonson make on this transaction? d) The salary expense is $215 per day - and the business pays employees every Friday weekly payroll is from Monday to Friday). This year December 31 as on Monday O A. Salary Expense 43 Salary Payable 43 OB. Salary Expense 860 Salary Payable 860 OC. none of them OD. Salary Expense 215 Salary Payablo 215 5 What adjusting entry will Jonson make on this transaction e) Supplies on hand at Dec 315 1800 O A none of them OB. Supplies expense 1800 Supplies 1800 OC. Supplies expense 500 Supplies 500 OD Supplies expense 1800 Supplies payable 1800 6) The total liabilities is (Write your result in to the answer box below) Answer 7) The total expenses is (Write your result in to the answer box below) Answer 8) The A/P in the Adjusted Trial Balance is (Write your result in to the answer box below) Answers 9) The total debit or credit amount in the Adjusted Trial Balance is (Write your result in to the answer box below) Answer: 0 10) Which of the following is the closing entry for withdrawals on Dec 31? O A. Income summary 29000 Withdrawals 29000 OB. Withdrawals 29000 Capital 29000 OC. Capital 29000 Withdrawals 29000 OD. Withdrawals 29000 Income cummary 29nnn 11) Which of the following is the closing entry for revenue on Dec 31? O A. Revenue 106400 Capital 106400 OB. Income summary 106400 Revenue 106400 O C. Income summary 106000 Revenue 106000 OD. Revenue 106400 Income summary 106400 12) The net capital balance in the post closing trial balance is (Write your result in to the answer box below) Answer= Q13) How much is the Debit/Credit amount in the Post-closing trial balance? OA. 46980 OB. none of the them O C. 45680 OD. 46320 41---L-IL ------------------I---- Click to select your answer(s). Q14) How much is the revenue balance in the post closing trial balance? O A. 106400 O B. none of them OC. O OD. 106000 Q15) The Current Assets in the classified balance sheet is (Write your result in to the answer box below) Answers Q16) The total assets is (Write your result in to the answer box below) Answer: Click to select your answer(s)
