ACCT 310 HW 1

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Cash
$1,720
$800
$6,000
$80
$1,800
$600
$1,050
$1,500
$2,800
$250
$580
$70
$110
$600
$400
$1,400
$13,950.0 $5,810.
00

Ana Guillen
ACCT 310-03
Revenue

Office Equipment
$3,000
$800
$2,100
$5,900

$
$1,
$3,
$
$1,
$
$7,

Art Equipment
$4,200
$1,400
$5,600

Expense
$600

Accumulated Dep.-Art Eq
$70
$90
$160

$8,140
Accounts
Receivable
$3,000
$600
$3,200
$340
$7,140

$2,800

Accumulated Dep.-Office Eq
$50
$100
$150

$2,800

$4,340
Office Supplies
$600
$300
$80
$680
$300
$380
Art Supplies
$1,300
$1,080
$500
$1,800
$1,080
$720

Accounts Payable
$1,500
$70

$1,570

$3,170
$500
$1,850
$80
$5,600
$4,030

Unearned Art Fees
$600
$1,800
$2,400
Wages Payable

Prepaid Rent
$400
$400
$400
$800
$400
$400
Prepaid
Insurance

$180
$180
$360
Capital Stock
$1,400
$10,590
$6,000

$80
$110
$600
$400
$40
$1,08
0
$300
$90
$100
$180
$3,58
0

Ana Guillen
ACCT 310-03
$440
$400

$40
$1,400

$1,400
$17,990.00
$15,190

Joan Miller Advertising
Agency
Income Statement
For the month Ended Feb 2010
Revenue
$7,170
Expenses
Wages
($1,380)
Utility
($110)
Telephone
($80)
Rent
($400)
Insurance
($40)
Supplies
($1,380)
Depreciatio
n
($190)
($3,580
)
Net
Income
$3,590

Joan Miller Advertising Agency
Balance Sheet
Feb 28 2010
Assets:
Cash
Accounts Receivable
Supplies
Prepaid Rent
Prepaid Insurance
Equipment
Accumulated Dep.
Total Assets

$8,140
$4,340
$1,100
$400
$400
$11,50
0
($310)
$25,5
70

Liabilites:
Accounts Payable
Unearned Art Fees
Wages Payable
Owner’s Equity:
Capital Stock
RE
Total Liabilities &
OE

$4,
$2,
$

$15,

$3,

$25,

Ana Guillen
ACCT 310-03
Feb
1

Cash

$6,000
Capital Stock

Feb
2

Office Equipment

$6,0
00
$800

Cash
Feb
5

Art Equipment

$800
$1,400

Capital Stock
Feb
6

Office Supplies

$1,4
00
$80

Cash
Feb
7

Art Supplies

$80
$500

Accounts Payable
Feb
8

Accounts
Receivable

$500
$600

Revenue
Feb
9

Wages Expense

$600
$420

Wages Payable

$180
Cash

Feb
12

Accounts Payable

$600
$1,500

Cash
Feb
13

Cash

$1,5
00
$1,800

Unearned Art Fees
Feb
14

Office Equipment

$1,8
00
$2,100

Cash
Accounts Payable
Feb
15

Cash

$250
$1,8
50
$1,050

AD Revenue
Feb
16

Cash

$1,0
50
$2,800

Accounts Receivable
Feb
19

Accounts Payable

$2,8
00
$70

Cash

$70

Ana Guillen
ACCT 310-03
Feb
20

Accounts
Receivable

$3,200
AD Revenue

Feb
21

Cash

$3,2
00
$580

ART Revenue
Feb
22

Utility Expense

$580
$110

Cash
Wages Expense

$110
$600

Cash
Feb
26

Prepaid Rent

Feb
27

Telephone
Expense

Feb
28

Capital Stock

$600
$400

Cash

$400
$80

Accounts Payable

$80
$1,400

Cash
a)

Rent Expense

b)

Insurance Expense

c)

ART Supplies
Expense

$1,4
00
$400

Prepaid Rent

$400
$40

Prepaid Insurance

$40
$1,080

Art Supplies
d)

Office Supplies
Expense

e)

Depreciation
Expense

$1,0
80
$300

Office Supplies

f)

g)

h)

Depreciation
Expense

Unearned Art Fees

$300
$90

Accumulated DepreciationArt Eq.
$100

$90

Accumulated DepreciationOffice Eq.
$1,400
AD Revenue

$100

Accounts
Receivable

$340
Revenue

i)

Wages Expense

$1,4
00

$340
$180

Ana Guillen
ACCT 310-03
Wages Payable

$180

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