Question
Worksheet complete through the Trial Balance. March Journal Entries 1-Mar Accounts Receivable 3450 Sales Revenue 3,450 Cost of Goods Sold 1450 Inventory 1,450 3-Mar Inventory
Worksheet complete through the Trial Balance.
March Journal Entries | |||
1-Mar | Accounts Receivable | 3450 | |
Sales Revenue | 3,450 | ||
Cost of Goods Sold | 1450 | ||
Inventory | 1,450 | ||
3-Mar | Inventory | 2800 | |
Accounts Payable | 2,800 | ||
15-Mar | Accounts Receivable | 3750 | |
Sales Revenue | 3,750 | ||
Cost of Goods Sold | 1950 | ||
Inventory | 1,950 | ||
20-Mar | Inventory | 2000 | |
Accounts Payable | 2,000 | ||
24-Mar | Accounts Receivable | 4900 | |
Sales Revenue | 4,900 | ||
Cost of Goods Sold | 2600 | ||
Inventory | 2,600 | ||
|
|
|
|
#NAME? | |||||||
PARTIALLY ADJUSTED TRIAL BALANCE | |||||||
March 31 2018 | |||||||
Part Adj T/B | March Jes | Trial | Balance | ||||
DR | CR | DR | CR | DR | CR | ||
Cash | $253,560 | ||||||
Accounts Receivable | 146,800 | 12,100 | |||||
Allowance for Uncollectible Accounts | $2,569 | ||||||
Supplies | 85,650 | ||||||
Inventory | 2,600 | 3,000 | |||||
Prepaid Insurance | 16,800 | ||||||
Land | 50,000 | ||||||
Building | 125,500 | ||||||
Accumulated Depr Building | 5,670 | ||||||
Computer equipment | 52,950 | ||||||
Accumulated Depr Comp Equip | 1,750 | ||||||
Office Furniture | 85,960 | ||||||
Accumulated Depr - Office Furniture | 890 | ||||||
Accounts Payable | 48,526 | ||||||
Interest Payable | 3,200 | ||||||
Utilities Payable | 8,952 | ||||||
Wages Payable | 98,505 | ||||||
Long term Note Payable | 90,000 | ||||||
Mortgage Payable | 60,000 | ||||||
Common Stock | 400,000 | ||||||
Retained Earnings | 106,468 | ||||||
Dividends | 4,000 | ||||||
Service Revenue | 345,650 | ||||||
Tablet Sales Revenue | 210,250 | ||||||
Cost of Goods Sold | 165,850 | 6,000 | |||||
Bad Debt Expense | |||||||
Depreciation Expense Building | 1,350 | ||||||
Depreciation Expense - Computer Equip | 890 | ||||||
Depreciation Expense - Office Furn | 650 | ||||||
Interest Expense | 3560 | ||||||
Insurance Expense | 38,950 | ||||||
Supplies expense | 72,860 | ||||||
Bank fee (expense) | |||||||
Utilities Expense | 75,900 | ||||||
Wage Expense | 198,600 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started