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The unadjusted trial balance for Cullumber Engineering at its year end, December 31, 2021, is as follows: CULLUMBER ENGINEERING Trial Balance December 31, 2021 Debit
The unadjusted trial balance for Cullumber Engineering at its year end, December 31, 2021, is as follows:
Additional information:
CULLUMBER ENGINEERING Trial Balance December 31, 2021 | |||
|---|---|---|---|
Debit | Credit | ||
Cash | $8,900 | ||
Accounts receivable | 5,850 | ||
Supplies | 4,850 | ||
Prepaid insurance | 7,440 | ||
Notes receivable | 12,300 | ||
Equipment | 28,500 | ||
Accumulated depreciationequipment | $8,550 | ||
Accounts payable | 4,700 | ||
H. Duguay, capital | 28,590 | ||
H. Duguay, drawings | 54,500 | ||
Service revenue | 118,000 | ||
Salaries expense | 37,500 | ||
| $159,840 | $159,840 | ||
Additional information:
| 1. | Services of $10,350 was provided but unrecorded and uncollected as at December 31, 2021. | |
| 2. | On June 1, the company purchased a one-year insurance policy. | |
| 3. | Depreciation on the equipment for 2021 is $2,850. | |
| 4. | A count on December 31, 2021, showed $1,800 of supplies on hand. | |
| 5. | The four-month, 4% note receivable was issued on October 1, 2021. Interest and principal are payable on the maturity date. |
The unadjusted trial balance for Cullumber Engineering at its year end, December 31, 2021, is as follows:
Additional information:
CULLUMBER ENGINEERING Trial Balance December 31, 2021 | |||
|---|---|---|---|
Debit | Credit | ||
Cash | $8,900 | ||
Accounts receivable | 5,850 | ||
Supplies | 4,850 | ||
Prepaid insurance | 7,440 | ||
Notes receivable | 12,300 | ||
Equipment | 28,500 | ||
Accumulated depreciationequipment | $8,550 | ||
Accounts payable | 4,700 | ||
H. Duguay, capital | 28,590 | ||
H. Duguay, drawings | 54,500 | ||
Service revenue | 118,000 | ||
Salaries expense | 37,500 | ||
| $159,840 | $159,840 | ||
Additional information:
| 1. | Services of $10,350 was provided but unrecorded and uncollected as at December 31, 2021. | |
| 2. | On June 1, the company purchased a one-year insurance policy. | |
| 3. | Depreciation on the equipment for 2021 is $2,850. | |
| 4. | A count on December 31, 2021, showed $1,800 of supplies on hand. | |
| 5. | The four-month, 4% note receivable was issued on October 1, 2021. Interest and principal are payable on the maturity date. |
The unadjusted trial balance for Cullumber Engineering at its year end, December 31, 2021, is as follows:
Additional information:
- /20 uestion 3 of 4 CULLUMBER ENGINEERING Trial Balance December 31, 2021 | |||
|---|---|---|---|
Debit | Credit | ||
Cash | $8,900 | ||
Accounts receivable | 5,850 | ||
Supplies | 4,850 | ||
Prepaid insurance | 7,440 | ||
Notes receivable | 12,300 | ||
Equipment | 28,500 | ||
Accumulated depreciationequipment | $8,550 | ||
Accounts payable | 4,700 | ||
H. Duguay, capital | 28,590 | ||
H. Duguay, drawings | 54,500 | ||
Service revenue | 118,000 | ||
Salaries expense | 37,500 | ||
| $159,840 | $159,840 | ||
Additional information:
| 1. | Services of $10,350 was provided but unrecorded and uncollected as at December 31, 2021. | |
| 2. | On June 1, the company purchased a one-year insurance policy. | |
| 3. | Depreciation on the equipment for 2021 is $2,850. | |
| 4. | A count on December 31, 2021, showed $1,800 of supplies on hand. | |
| 5. | The four-month, 4% note receivable was issued on October 1, 2021. Interest and principal are payable on the maturity date. |
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
