服务型企业业务题答案

Sep.1Friedmanbeganabusinessbyinvesting$50000incash,$3000insuppliesand$25000inequipmentSep.1Boughtsuppliesforcash,$540Sep.2Prepaidtherentforsixmonth,$7200Sep.3Purchasedadditionalsuppliesoncredit,$320Sep.5Prepaidtheinsurancepremiumforthreemonth$3000Sep.9Performedservicesandimmediatelycollected$3200cashforthework.Sep.13PaidforthesuppliespurchasedonSeptember3Sep.15Purchasedequipmentonaccount$5800Sep.16PerformedservicesforAdamonaccount$850Sep.23CompletedprofessionalworkforVatoncredit,$6800Sep.26Received$850fromAdamfortheworkcompletedonNov.16.Sep.28Friedmanwithdrew$100fromthebusinesstopayhishomeutilitybillSep.29Withdrew$2500forpersonaluseSep.30PaidtheSeptembertelephonebilloftheoffice,$380Sep.30Madeadditionalcashinvestmentinthebusiness$2000Additionalinformationforadjustmentattheendofthemonth:(a)RentexpenseforSeptember$1200(b)Insuranceexpenseexpired$1000(c)MedicalsuppliesusedinNovember$750(d)Theaccumulateddepreciationforequipment$860(e)Accruedsalaryofthereceptionistandassistant$2570(f)Accruedservicerevenue$3250Required:Journalizethetransactions;Postthejournalentriestotheledgeraccounts;Completetheworksheet.Preparethefinancialstatements.Makethejournalentryandpostthemtotheledger.Closetheaccounts.GeneralJournalPage1DateAccountsandExplanationP.R.DebitCreditStep1investingincashand$50000CashCapitalStep1investinginsupplies$3000SuppliesCapitalStep1investinginequipment$25000equipmentCapitalStep1Boughtsuppliesforcash,$540suppliesCashSep.2Prepaidtherentforsixmonth,$7200PrepaidrentCashSep.3Purchasedadditionalsuppliesoncredit,$320suppliesAccountsPayableSep.5Prepaidtheinsurancepremiumforthreemonth$3000PrepaidInsuranceCashSep.9Performedservicesandimmediatelycollectedcashforthework8$3200cashServiceRevenueSep.13PaidforthesuppliespurchasedonSep3$320AccountspayableCashSep.15Purchasedequipmentonaccount$5800equipmentAccountsPayableSep.16PerformedservicesforAdamonaccount$850AccountsreceivableServiceRevenueSep.23CompletedprofessionalworkforVatoncredit,$6800AccountsreceivableServiceRevenueSep.26ReceivedfromAdamfortheworkcompletedonNov.16.$850cashAccountsReceivableSep.28Friedmanwithdrewfromthebusinesstopayhishomeutilitybill$100capitalWithdrawlSep.29Withdrewforpersonaluse$2500capitalWithdrawlSep.30PaidtheSeptembertelephonebilloftheoffice,$380UtilitiesexpenseCashSep.30Madeadditionalcashinvestmentinthebusiness$2000cashCapitalAdjusting(a)RentexpenseforSeptember$1200RentexpensePrepaidrent(b)Insuranceexpenseexpired$1000InsuranceExpensePrepaidInsurance(c)MedicalsuppliesusedinNovember$750SuppliesexpenseSupplies(d)Theaccumulateddepreciationforequipment$860DepreciationExpenseAccumulateddepreciation(e)(g)Accruedsalaryofthereceptionistandassistant$2570SalariesexpenseSalariesPayable(f)Accruedservicerevenue$3250AccountsreceivableServiceRevenueClo.(a)14100ServicerevenueRetainedearnings(b)1200RetainedEarningsRentexpense2570RetainedEarningsSalariesexpense1000RetainedInsuranceEarningsExpense750RetainedearningsSuppliesExpense860RetainedearningsDepreciationExpense380RetainedearningsUtilitiesExpense(c)(d)GeneralLedgerCash11Capital3150000320085020004461054072003000320380100250050000300025000200077400AccountsReceivable12Withdrawal32680085032501050085010025002600Supplies13ServiceRevenue413000540320311075032008503250680014100Equipment14RentExpense512500058003080012001200AccumulatedDepreciation15SalariesExpense5286086025702570PrepaidRent16InsuranceExpense5372006000120010001000PrepaidInsurance17SuppliesExpense54300020001000750750AccountsPayable21DepreciationExpense5432032058005800860860SalariesPayable22UtilitiesExpense5625702570380380TheIncomeSummary141001200257010007508603807340WorkSheetAccountTitleTrialBalanceAdjustmentsIncomeStatementBalanceSheetDebitCreditDebitCreditDebitCreditDebitCreditCash4461044610AccountsReceivable6800325010050PrepaidRent720012006000PrepaidInsurance300010002000Supplies38607503110Equipment3080030800Accumulated860860DepreciationAccountsPayable58005800SalariesPayable25702570Capital7740077400Withdrawals26002600ServiceRevenue1085032501410014100RentExpense120012001200SalariesExpense257025702570InsuranceExpense100010001000SuppliesExpenses750750750DepreciationExpense860860860UtilitiesExpense380380380Total966509665096309630676014100103330103330NetIncome7340FriedmanTheIncomeStatementForthemonthofSeptemberRevenue:Servicerevenue14100Expense:Salaryexpense2570Depreciationexpense860Rentexpense1200Insuranceexpense1000Suppliesexpense750Utilitiesexpense380netincome7340FriedmanTheStatementofOwner’sEquityForthemonthofSeptemberRetainedearnings,september1,0Add:Netincome7340Retainedearnings,septembe30,7340FriedmanTheBalanceSheetNovember30Assets:CashLesswithdrawl44610(2600)Accountsreceivable10050Supplies3110Equipment30800Prepaidrent6000Prepaidinsurance2000LessAccumulateddepreciation(860)TotalAssets:93110LiabilitiesandOwner’sEquityAccountspayable5800Salariespayable2570CapitalRetainedearnings774007340TotalLiabilitiesandCapital93110