ACCT 310 HW 1
Comments
Content
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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