Docstoc

Exercise 4-1

Document Sample
Exercise 4-1 Powered By Docstoc
					Name                                                                                  Chapter 4 Brief Exercises
Section
Date

      BE4-1




  1                                                                                                        1
  2            (a) Prepare a trial balance on the worksheet.                                               2
  3            (b) Enter adjusted balances.                                                                3
  4            (c) Extend adjusted balances to appropriate statement columns.                              4
  5            (d) Total the statement columns, compute net income (loss), and complete the worksheet.     5
 6        (e) Enter adjustment data.                                                                       6
 7                                                                                                         7
 8 BE4-2 is on the next page                                                                               8
 9 BE4-3                                        Income Statement                 Balance Sheet             9
10              Account                        Debit        Credit            Debit         Credit         10
11    Accumulated Depreciation                                                                             11
12    Depreciation Expense                                                                                 12
13    Common Stock                                                                                         13
14    Dividends                                                                                            14
15    Service Revenue                                                                                      15
16 Supplies                                                                                                16
17 Accounts Payable                                                                                        17
18                                                                                                         18
19                                                                                                         19
20                                                                                                         20
21                                                                                                         21
22                                                                                                         22
23 BE4-4                                                                                                   23
24 Date                             Account Titles                            Debit             Credit     24
25Dec. 31                                                                                                  25
26                                                                                                         26
27                                                                                                         27
28        31                                                                                               28
29                                                                                                         29
30                                                                                                         30
31                                                                                                         31
32        31                                                                                               32
33                                                                                                         33
34                                                                                                         34
35        31                                                                                               35
36                                                                                                         36
37                                                                                                         37
38                                                                                                         38
39                                                                                                         39




                                                           176
Name                                                                                                                                    Chapter 4 Brief Exercises
Section
Date                                                                                                                                               Ley Company

     BE4-2
                                                                             Ley Company
                                                                              Worksheet
                                                                                          Adjusted                 Income
          Account Titles      Trial Balance               Adjustments                  Trial Balance              Statement           Balance Sheet
                           Debit          Credit      Debit         Credit          Debit          Credit   Debit          Credit   Debit        Credit
 1   Prepaid Insurance         3,000                                                                                                                         1
 2   Service Revenue                         58,000                                                                                                          2
 3   Salaries Expense         25,000                                                                                                                         3
 4   Accounts Receivable                                                                                                                                     4
 5   Salaries Payable                                                                                                                                        5
 6 Insurance Expense                                                                                                                                         6
 7                                                                                                                                                           7
 8                                                                                                                                                           8
 9                                                                                                                                                           9
10                                                                                                                                                           10
Name                                                           Chapter 4 Brief Exercises Continued
Section
Date

     BE4-5




 2                Service Revenue                                    Income Summary                 2
 3                                                                                                  3
 4                                                                                                  4
 5                                                                                                  5
 6                                                                                                  6
 8                                                                                                  8
 9                Salaries Expense                                   Retained Earnings              9
10                                                                                                  10
11                                                                                                  11
12                                                                                                  12
13                                                                                                  13
15                                                                                                  15
16                Supplies Expense                                         Dividends                16
17                                                                                                  17
18                                                                                                  18
19                                                                                                  19
20                                                                                                  20
21 BE4-6                                                                                            21
22 Date                         Account Titles                     Debit               Credit       22
23    July 31                                                                                       23
24                                                                                                  24
25                                                                                                  25
26           31                                                                                     26
27                                                                                                  27
28                                                                                                  28

                                        Green Fee Revenue
      Date          Explanation            Ref.      Debit        Credit           Balance
          7/31        Balance                √                                             13,600



                                          Salaries Expense
      Date          Explanation            Ref.        Debit      Credit           Balance
          7/31                               √                                              8,200



                                       Maintenenace Expense
      Date          Explanation            Ref.       Debit       Credit           Balance
          7/31                               √                                              2,500




                                                    178
Name                                                                       Chapter 4 Brief Exercises Continued
Section
Date

     BE4-7




  1 The accounts that will appear in the post-closing trial balance are:                                  1
  2                                                                                                       2
  3                                                                                                       3
  4                                                                                                       4
  5                                                                                                       5
 6                                                                                                        6
 7                                                                                                        7
 8 BE4-8                                                                                                  8
 9                                                                                                        9
10       (a) Prepare a trial balance.                                                                     10
11           (b) Journalize the transactions.                                                             11
12           (c) Journalize and post closing entries.                                                     12
13           (d) Prepare financial statements.                                                            13
14           (e) Journalize and post adjusting entries.                                                   14
15           (f) Post to ledger accounts.                                                                 15
16           (g) Prepare a post-closing trial balance.                                                    16
17           (h) Prepare an adjusted trial balance.                                                       17
18           (i) Analyze business transactions.                                                           18
19                                                                                                        19
20                                                                                                        20
21                                                                                                        21
22                                                                                                        22
23                                                                                                        23
24                                                                                                        24
25                                                                                                        25
26                                                                                                        26
27                                                                                                        27
28                                                                                                        28
29                                                                                                        29
30                                                                                                        30
31                                                                                                        31
32                                                                                                        32
33                                                                                                        33
34                                                                                                        34
35                                                                                                        35
36                                                                                                        36
37                                                                                                        37
38                                                                                                        38
39                                                                                                        39
40                                                                                                        40



                                                   179
Name                                                                   Chapter 4 Brief Exercises Concluded
Section
Date

      BE4-9



                                       Account Titles                      Debit           Credit
  1           1.                                                                                      1
  2                                                                                                   2
  3                                                                                                   3
  4           2.                                                                                      4
  5                                                                                                   5
  6                                                                                                   6
  7 BE4-10                                                                                            7
 8                                                                                                    8
 9                                               Diaz Company                                         9
10                                             Partial Balance Sheet                                  10
11 Current assets                                                                                     11
12                                                                                                    12
13                                                                                                    13
14                                                                                                    14
15                                                                                                    15
16                                                                                                    16
17                                                                                                    17
18                                                                                                    18
19 BE4-11                                                                                             19
20        Accounts payable                                                                            20
21                 Accounts receivable                                                                21
22                 Accumulated depreciation                                                           22
23                 Building                                                                           23
24                 Cash                                                                               24
25                 Copyrights                                                                         25
26                 Income tax payable                                                                 26
27                 Investment in long-term bonds                                                      27
28                 Land                                                                               28
29                 Merchandise inventory                                                              29
30                 Patent                                                                             30
31         Supplies                                                                                   31
32                                                                                                    32
33 *BE4-12                                                                                            33
34 Date                                Account Titles                      Debit           Credit     34
35 Nov. 1                                                                                             35
36                                                                                                    36
37                                                                                                    37
38                                                                                                    38
39                                                                                                    39
40                                                                                                    40



                                                            180
Name                                                                                   DO IT! 4-1 to 4-3
Section
Date

      DO IT! 4-1



                        Account                       Financial Statement Column of the Worksheet
  1   Service Revenue                                                                               1
  2   Notes Payable                                                                                 2
  3   Common Stock                                                                                  3
  4   Accounts Receivable                                                                           4
  5   Accumulated Depreciation                                                                      5
 6 Utilities Expense                                                                                6
 7                                                                                                  7
 8 DO IT! 4-2                                                                                       8
 9 Date                           Account Titles                         Debit           Credit     9
10 Dec. 31                                                                                          10
11                                                                                                  11
12                                                                                                  12
13         31                                                                                       13
14                                                                                                  14
15                                                                                                  15
16                                                                                                  16
17 DO IT! 4-3                                                                                       17
18                                         Vasquez Company                                          18
19                                        Partial Balance Sheet                                     19
20                                         December 31, 2011                                        20
21                                                                                                  21
22                                                                                                  22
23                                                                                                  23
24                                                                                                  24
25                                                                                                  25
26                                                                                                  26
27                                                                                                  27
28                                                                                                  28
29                                                                                                  29
30                                                                                                  30
31                                                                                                  31
32                                                                                                  32
33                                                                                                  33
34                                                                                                  34
35                                                                                                  35
36                                                                                                  36
37                                                                                                  37
38                                                                                                  38
39                                                                                                  39
40                                                                                                  40



                                              181
Name                                             DO IT! 4-4
Section
Date                                        Crofoot Company




  1       Interest revenue                              1
  2       Utilities payable                             2
  3       Accounts payable                              3
  4       Supplies                                      4
  5       Bonds payable                                 5
 6        Trademarks                                    6
 7        Common stock                                  7
 8        Accumulated depreciation                      8
 9        Machinery                                     9
10        Salaries expense                              10
11        Investment in real estate                     11
12        Unearned rent                                 12
13                                                      13
14                                                      14
15                                                      15
16                                                      16
17                                                      17
18                                                      18
19                                                      19
20                                                      20
21                                                      21
22                                                      22
23                                                      23
24                                                      24
25                                                      25
26                                                      26
27                                                      27
28                                                      28
29                                                      29
30                                                      30
31                                                      31
32                                                      32
33                                                      33
34                                                      34
35                                                      35
36                                                      36
37                                                      37
38                                                      38
39                                                      39
40                                                      40



                                      182
Name                                                                                                                                                          Exercise 4-1
Section
Date                                                                                                                                                     Briscoe Company


                                                                                  Briscoe Company
                                                                                      Worksheet
                                                                          For The Month Ended June 30, 2011
                                                                                                         Adjusted
                                       Trial Balance                     Adjustments                   Trial Balance       Income Statement     Balance Sheet
                Account Titles   Dr.                   Cr.           Dr.             Cr.           Dr.               Cr   Dr.            Cr   Dr.            Cr.
 1   Cash                              2,320                                                                                                                          1
 2   Accounts Receivable               2,440                                                                                                                          2
 3   Supplies                          1,880                                                                                                                          3
 4   Accounts Payable                                        1,120                                                                                                    4
 5   Unearned Revenue                                          240                                                                                                    5
 6   Common Stock                                            3,600                                                                                                    6
 7   Service Revenue                                         2,400                                                                                                    7
 8   Salaries Expense                   560                                                                                                                           8
 9   Miscellaneous Expense              160                                                                                                                           9
10      Totals                         7360                  7,360                                                                                                    10
11   Supplies Expense                                                                                                                                                 11
12   Salaries Payable                                                                                                                                                 12
13      Totals                                                                                                                                                        13
14   Net Loss                                                                                                                                                         14
15      Totals                                                                                                                                                        15
16                                                                                                                                                                    16
17                                                                                                                                                                    17
18                                                                                                                                                                    18
19                                                                                                                                                                    19
20                                                                                                                                                                    20
Name                                                                                                        Exercise 4-2
Section
Date                                                                                                    Goode Company



                                                    Goode Company
                                                   Worksheet (Partial)
                                           For the Month Ended April 30, 2011
                                          Adjusted
                                        Trial Balance                  Income Statement       Balance Sheet
                 Account Titles   Dr.                   Cr.           Dr.            Cr.   Dr.             Cr.
  1   Cash                          13,752                                                                          1
  2   Accounts Receivable            7,840                                                                          2
  3   Prepaid Rent                   2,280                                                                          3
  4   Equipment                     23,050                                                                          4
  5   Accumulated Depreciation                                4,921                                                 5
 6    Notes Payable                                        5,700                                                    6
 7    Accounts Payable                                     5,672                                                    7
 8    Common Stock                                        25,000                                                    8
 9    Retained Earnings                                    5,960                                                    9
10    Dividends                         3,650                                                                       10
11    Service Revenue                                     15,590                                                    11
12    Salaries Expense              10,840                                                                          12
13    Rent Expense                     760                                                                          13
14    Depreciation Expense             671                                                                          14
15    Interest Expense                  57                                                                          15
16 Interest Payable                                           57                                                    16
17 Totals                           62,900                62,900                                                    17
18 Net Income                                                                                                       18
19 Totals                                                                                                           19
20                                                                                                                  20
Name                                              Exercise 4-3
Section
Date                                           Goode Company



                   Goode Company
                  Income Statement
          For the Month Ended April 30, 2011
  1                                                       1
  2                                                       2
  3                                                       3
  4                                                       4
  5                                                       5
 6                                                        6
 7                                                        7
 8                                                        8
 9                                                        9
10                                                        10
11                                                        11
12                                                        12
13                                                        13
14                                                        14
15                                                        15
16                                                        16
17                                                        17
18                                                        18




                   Goode Company
             Retained Earnings Statement
          For the Month Ended April 30, 2011
  1                                                       1
  2                                                       2
  3                                                       3
  4                                                       4
  5                                                       5
  6                                                       6




                     185
Name                                             Exercise 4-3 Concluded
Section
Date                                                   Goode Company



                  Goode Company
                   Balance Sheet
                   April 30, 2011
  1                     Assets                                     1
  2                                                                2
  3                                                                3
  4                                                                4
  5                                                                5
 6                                                                 6
 7                                                                 7
 8                                                                 8
 9                                                                 9
10                                                                 10
11                                                                 11
12                                                                 12
13        Liabilities and Stockholders' Equity                     13
14                                                                 14
15                                                                 15
16                                                                 16
17                                                                 17
18                                                                 18
19                                                                 19
20                                                                 20
21                                                                 21
22                                                                 22
23                                                                 23
24                                                                 24
25                                                                 25
26                                                                 26




                               186
Name                                                                         Exercise 4-4
Section
Date                                                                      Goode Company

      (a)



        Date               Account Titles                      Debit       Credit
  1    Apr. 30                                                                       1
  2                                                                                  2
  3                                                                                  3
  4         30                                                                       4
  5                                                                                  5
 6                                                                                   6
 7                                                                                   7
 8                                                                                   8
 9                                                                                   9
10          30                                                                       10
11                                                                                   11
12                                                                                   12
13          30                                                                       13
14                                                                                   14
15                                                                                   15

      (b)
                 INCOME SUMMARY                                RETAINED EARNINGS




      (c)
                                      Goode Company
                                  Post-Closing Trial Balance
                                        April 30, 2011
                                                               Debit       Credit
  1                                                                                  1
  2                                                                                  2
  3                                                                                  3
  4                                                                                  4
  5                                                                                  5
 6                                                                                   6
 7                                                                                   7
 8                                                                                   8
 9                                                                                   9
10                                                                                   10
11                                                                                   11




                                        187
Name                                                                              Exercise 4-5
Section
Date                                                                          Mears Company

      (a)



                                 Account Titles                  Debit         Credit
  1                                                                                       1
  2                                                                                       2
  3                                                                                       3
  4                                                                                       4
  5                                                                                       5
 6                                                                                        6
 7                                                                                        7
 8                                                                                        8
 9                                                                                        9
10                                                                                        10
11                                                                                        11
12                                                                                        12

      (b)


                                           Income Statement         Balance Sheet
                                          Debit         Credit   Debit         Credit
  1   Accounts Receivable                                                                 1
  2   Prepaid Insurance                                                                   2
  3   Accumulated Depreciation                                                            3
  4   Salaries Payable                                                                    4
  5   Service Revenue                                                                     5
  6 Salaries Expense                                                                      6
  7 Insurance Expense                                                                     7
  8 Depreciation Expense                                                                  8
  9                                                                                       9




                                                      188
Name                                                                                                               Exercise 4-6
Section
Date                                                                                                       Nicholson Company

     (a)
                                                                                                        Adjusted
                                               Trial Balance              Adjustments                Trial Balance
               Account Titles               Debit          Credit      Debit        Credit        Debit          Credit
 1   Accounts Receivable                                                                            34,000                 1
 2   Prepaid Insurance                           26,000                                             20,000                 2
 3   Supplies                                      7000                                                                    3
 4   Accumulated Depreciation                                 12,000                                                       4
 5   Salaries Payable                                                                                                5,000 5
 6   Service Revenue                                          88,000                                                97,000 6
 7   Insurance Expense                                                                                                     7
 8   Depreciation Expense                                                                           10,000                 8
 9   Supplies Expense                                                                                5,000                 9
10   Salaries Expense                                                                               49,000                 10

     (b)



                                Account Titles                         Debit        Credit
 1                                                                                           1
 2                                                                                           2
 3                                                                                           3
 4                                                                                           4
 5                                                                                           5
 6                                                                                           6
 7                                                                                           7
 8                                                                                           8
 9                                                                                           9
10                                                                                           10
11                                                                                           11
12                                                                                           12
13                                                                                           13
14                                                                                           14
Name                                                             Exercise 4-7
Section
Date                                                      Emil Skoda Company

      (a)



            Account Titles                        Debit        Credit
  1                                                                      1
  2                                                                      2
  3                                                                      3
  4                                                                      4
  5                                                                      5
 6                                                                       6
 7                                                                       7
 8                                                                       8
 9                                                                       9
10                                                                       10
11                                                                       11
12                                                                       12
13                                                                       13
14                                                                       14
15                                                                       15

      (b)
                    Emil Skoda Company
                   Post-Closing Trial Balance
              For the Month Ended June 30, 2011
  1         Account Titles                        Debit        Credit    1
  2                                                                      2
  3                                                                      3
  4                                                                      4
  5                                                                      5
 6                                                                       6
 7                                                                       7
 8                                                                       8
 9                                                                       9
10                                                                       10




                                190
Name                                                                            Exercise 4-8
Section
Date                                                                         Apachi Company

     (a)                                    General Journal                            J15



       Date               Account Titles                      Ref   Debit     Credit
 1    July 31                                                                                1
 2                                                                                           2
 3                                                                                           3
 4                                                                                           4
 5         31                                                                                5
 6                                                                                           6
 7                                                                                           7
 8                                                                                           8
 9                                                                                           9
10         31                                                                                10
11                                                                                           11
12                                                                                           12
13         31                                                                                13
14                                                                                           14

     (b)
                                       Retained Earnings                         No. 320
       Date             Explanation             Ref.     Debit      Credit   Balance
      July 31 Balance                                                             25,200



                                           Income Summary                        No. 350
       Date             Explanation                Ref.   Debit     Credit   Balance




     (c)
                                          Apachi Company
                                       Post-Closing Trial Balance
                                             July 31, 2011
                                                                    Debit     Credit
 1                                                                                           1
 2                                                                                           2
 3                                                                                           3
 4                                                                                           4
 5                                                                                           5
 6                                                                                           6
 7                                                                                           7
 8                                                                                           8
 9                                                                                           9

                                                191
Name                                                Exercise 4-9
Section
Date                                             Apachi Company

      (a)
                     Apachi Company
                     Income Statement
              For The Year Ended July 31, 2011
  1                                                         1
  2                                                         2
  3                                                         3
  4                                                         4
  5                                                         5
 6                                                          6
 7                                                          7
 8                                                          8
 9                                                          9
10                                                          10
11                                                          11
12                                                          12
13                                                          13
14                                                          14
15                                                          15



                      Apachi Company
                 Retained Earnings Statement
            For the Year Ended July 31, 2011
  1                                                         1
  2                                                         2
  3                                                         3
  4                                                         4
  5                                                         5




                                192
Name                                               Exercise 4-9 Concluded
Section
Date                                                     Apachi Company

      (b)
                    Apachi Company
                     Balance Sheet
                      July 31, 2011
  1                       Assets                                     1
  2                                                                  2
  3                                                                  3
  4                                                                  4
  5                                                                  5
 6                                                                   6
 7                                                                   7
 8                                                                   8
 9                                                                   9
10                                                                   10
11                                                                   11
12                                                                   12
13          Liabilities and Stockholders' Equity                     13
14                                                                   14
15                                                                   15
16                                                                   16
17                                                                   17
18                                                                   18
19                                                                   19
20                                                                   20
21                                                                   21
22                                                                   22
23                                                                   23




                       193
Name             Exercise 4-10
Section
Date               Josh Borke




  1   1.                  1
  2                       2
  3                       3
  4   2.                  4
  5                       5
 6                        6
 7    3.                  7
 8                        8
 9    4.                  9
10                        10
11    5.                  11
12                        12
13    6.                  13
14                        14
15                        15
16                        16
17                        17
18    7.                  18
19                        19
20                        20
21    8.                  21
22                        22
23                        23
24                        24
25                        25
26                        26
27                        27
28                        28
29                        29
30                        30
31                        31
32                        32
33                        33
34                        34
35                        35
36                        36
37                        37
38                        38
39                        39
40                        40



           194
Name                                              Exercises 4-11 and 4-13
Section
Date

      E4-11



        Date        Account Titles        Debit           Credit
  1 (a)                                                              1
  2 June 30                                                          2
  3                                                                  3
  4                                                                  4
  5      30                                                          5
 6                                                                   6
 7                                                                   7
 8                                                                   8
 9                                                                   9
10            30                                                     10
11                                                                   11
12                                                                   12
13            30                                                     13
14                                                                   14

      (b)




                         INCOME SUMMARY




      E4-13



        Date        Account Titles        Debit           Credit
  1            1.                                                    1
  2                                                                  2
  3                                                                  3
  4            2.                                                    4
  5                                                                  5
 6                                                                   6
 7                                                                   7
 8             3.                                                    8
 9                                                                   9
10                                                                   10



                                195
Name                                                  Exercise 4-12
Section
Date                                          Max Weinberg Company




               Account Titles         Debit          Credit
  1 (a)                                                        1
  2     1.                                                     2
  3                                                            3
  4                                                            4
  5                                                            5
 6                                                             6
 7                                                             7
 8        2.                                                   8
 9                                                             9
10                                                             10
11                                                             11
12                                                             12
13                                                             13
14        3.                                                   14
15                                                             15
16                                                             16
17                                                             17
18                                                             18
19                                                             19
20 (b)                                                         20
21        1.                                                   21
22                                                             22
23                                                             23
24        2.                                                   24
25                                                             25
26                                                             26
27                                                             27
28        3.                                                   28
29                                                             29
30                                                             30
31                                                             31
32                                                             32
33                                                             33
34                                                             34
35                                                             35
36                                                             36
37                                                             37
38                                                             38
39                                                             39
40                                                             40



                                196
Name                                                   Exercise 4-14
Section
Date                                               Karr Bowling Alley

      (a)
                   Karr Bowling Alley
                     Balance Sheet
                   December 31, 2011
  1                       Assets                                 1
  2                                                              2
  3                                                              3
  4                                                              4
  5                                                              5
 6                                                               6
 7                                                               7
 8                                                               8
 9                                                               9
10                                                               10
11                                                               11
12                                                               12
13                                                               13
14                                                               14
15                                                               15
16          Liabilities and Stockholders' Equity                 16
17                                                               17
18                                                               18
19                                                               19
20                                                               20
21                                                               21
22                                                               22
23                                                               23
24                                                               24
25                                                               25
26                                                               26
27                                                               27
28                                                               28
29                                                               29
30                                                               30

      (b)



  1                                                              1
  2                                                              2
  3                                                              3
  4                                                              4
  5                                                              5




                       197
Name                                                                 Exercises 4-15 and *4-18
Section
Date

      E4-15




  1                Accounts Payable                                                      1
  2                Accounts Receivable                                                   2
  3                Accumulated Depreciation                                              3
  4                Buildings                                                             4
  5                Cash                                                                  5
 6                 Common Stock                                                          6
 7                 Patents                                                               7
 8                 Salaries Payable                                                      8
 9                 Inventories                                                           9
10                 Investments                                                           10
11                 Land                                                                  11
12                 Long-term Debt                                                        12
13                 Supplies                                                              13
14                 Office Equipment                                                      14
15                 Prepaid Expenses                                                      15

      *E4-18



       Date                           Account Titles         Debit            Credit
  1 (a)                                                                                  1
  2 Dec. 31                                                                              2
  3                                                                                      3
  4                                                                                      4
  5    Jan. 6                                                                            5
 6                                                                                       6
 7                                                                                       7
 8                                                                                       8
 9 (b)                                                                                   9
10 Dec. 31                                                                               10
11                                                                                       11
12                                                                                       12
13      Jan. 1                                                                           13
14                                                                                       14
15                                                                                       15
16             6                                                                         16
17                                                                                       17
18                                                                                       18
19                                                                                       19
20                                                                                       20



                                                       198
Name                                                   Exercise 4-16
Section
Date                                             R. Stevens Company



                R. Stevens Company
                    Balance Sheet
                 December 31, 2011
                    (in thousands)
  1                     Assets                                  1
  2                                                             2
  3                                                             3
  4                                                             4
  5                                                             5
 6                                                              6
 7                                                              7
 8                                                              8
 9                                                              9
10                                                              10
11                                                              11
12                                                              12
13                                                              13
14                                                              14
15                                                              15
16        Liabilities and Stockholders' Equity                  16
17                                                              17
18                                                              18
19                                                              19
20                                                              20
21                                                              21
22                                                              22
23                                                              23
24                                                              24
25                                                              25
26                                                              26
27                                                              27
28                                                              28
29                                                              29
30                                                              30
31                                                              31
32                                                              32
                                                                33




                     199
Name                                                         Exercise 4-17
Section
Date                                               B. Snyder Company, Inc.

      (a)
                    B. Snyder Company, Inc.
                        Income Statement
                For The Year Ended July 31, 2011
  1 Revenues:                                                         1
  2                                                                   2
  3                                                                   3
  4                                                                   4
  5                                                                   5
 6 Expenses:                                                          6
 7                                                                    7
 8                                                                    8
 9                                                                    9
10                                                                    10
11                                                                    11
12                                                                    12
13                                                                    13
14                                                                    14
15                                                                    15



                    B. Snyder Company, Inc.
                  Retained Earnings Statement
                For The Year Ended July 31, 2011
  1                                                                   1
  2                                                                   2
  3                                                                   3
  4                                                                   4
  5                                                                   5




                                  200
Name                                               Exercise 4-17 Concluded
Section
Date                                               B. Snyder Company, Inc.

      (b)
                B. Snyder Company, Inc.
                     Balance Sheet
                      July 31, 2011
  1                       Assets                                      1
  2                                                                   2
  3                                                                   3
  4                                                                   4
  5                                                                   5
 6                                                                    6
 7                                                                    7
 8                                                                    8
 9                                                                    9
10                                                                    10
11                                                                    11
12                                                                    12
13          Liabilities and Stockholders' Equity                      13
14                                                                    14
15                                                                    15
16                                                                    16
17                                                                    17
18                                                                    18
19                                                                    19
20                                                                    20
21                                                                    21
22                                                                    22
23                                                                    23
24                                                                    24
25                                                                    25
26                                                                    26
27                                                                    27




                       201
Name                                                             *Exercise 4-19
Section
Date                                                    Oslo Employment Agency

     (a) & (b)



       Date            Account Titles         Debit           Credit
  1 Dec. 31                                                                1
  2                                                                        2
  3                                                                        3
  4                                                                        4
  5      31                                                                5
 6                                                                         6
 7                                                                         7
 8                                                                         8
 9     Jan. 1                                                              9
10                                                                         10
11                                                                         11
12            1                                                            12
13                                                                         13
14                                                                         14
15                                                                         15
16 (c) & (e)                                                               16
17           ACCOUNTS RECEIVABLE              COMMISSION REVENUE           17
18                                                                         18
19                                                                         19
20                                                                         20
21                                                                         21
22                                                                         22
23                                                                         23
24             INTEREST PAYABLE                 INTEREST EXPENSE           24
25                                                                         25
26                                                                         26
27                                                                         27
28                                                                         28
29                                                                         29
30 (d)                                                                     30
31     Date            Account Titles         Debit           Credit       31
32                          (1)                                            32
33    Jan. 10                                                              33
34                                                                         34
35                                                                         35
36                          (2)                                            36
37         15                                                              37
38                                                                          38
39                                                                          39
40                                                                          40



                                        202
Name                                                                                                                                                            Problem 4-1A
Section
Date                                                                                                                                                Thomas Magnum, P.I., Inc.

     (a)
                                                                            Thomas Magnum, P.I., Inc.
                                                                                    Worksheet
                                                                       For the Quarter Ended March 31, 2011
                                                                                                         Adjusted
                                      Trial Balance                   Adjustments                      Trial Balance         Income Statement      Balance Sheet
               Account Titles   Dr.                   Cr.       Dr.                 Cr.          Dr.                   Cr.   Dr.           Cr.   Dr.            Cr.
 1   Cash                        11,400                                                                                                                                  1
 2   Account Receivable           5,620                                                                                                                                  2
 3   Supplies                     1,050                                                                                                                                  3
 4   Prepaid Insurance            2,400                                                                                                                                  4
 5   Equipment                   30,000                                                                                                                                  5
 6   Notes Payable                                     10,000                                                                                                            6
 7   Accounts Payable                                  12,350                                                                                                            7
 8   Common Stock                                      20,000                                                                                                            8
 9   Dividends                         600                                                                                                                               9
10   Service Revenue                                   13,620                                                                                                            10
11   Salaries Expense             2,200                                                                                                                                  11
12   Travel Expense               1,300                                                                                                                                  12
13   Rent Expense                 1,200                                                                                                                                  13
14   Miscellaneous Expense          200                                                                                                                                  14
15         Totals                55,970                55,970                                                                                                            15
16                                                                                                                                                                       16
17   Supplies Expense                                                                                                                                                    17
18   Depreciation Expense                                                                                                                                                18
19   Accumulated Depreciation                                                                                                                                            19
20   Interest Expense                                                                                                                                                    20
21 Interest Payable                                                                                                                                                      21
22 Insurance Expense                                                                                                                                                     22
23       Totals                                                                                                                                                          23
24 Net Income                                                                                                                                                            24
25        Totals                                                                                                                                                         25
26       Totals                                                                                                                                                          26
Name                                                 Problem 4-1A Continued
Section
Date                                               Thomas Magnum, P.I., Inc.

      (b)
                 Thomas Magnum, P.I., Inc.
                      Income Statement
            For the Quarter Ended March 31, 2011
  1                                                                     1
  2                                                                     2
  3                                                                     3
  4                                                                     4
  5                                                                     5
 6                                                                      6
 7                                                                      7
 8                                                                      8
 9                                                                      9
10                                                                      10
11                                                                      11
12                                                                      12
13                                                                      13
14                                                                      14
15                                                                      15



                 Thomas Magnum, P.I., Inc.
                 Retained Earnings Statement
            For the Quarter Ended March 31, 2011
  1                                                                     1
  2                                                                     2
  3                                                                     3
  4                                                                     4
  5                                                                     5
 6                                                                      6
 7                                                                      7
 8                                                                      8
 9                                                                      9
10                                                                      10




                                204
Name                                                             Problem 4-1A Continued
Section
Date                                                           Thomas Magnum, P.I., Inc.

      (b) (Continued)
                           Thomas Magnum, P.I., Inc.
                                Balance Sheet
                               March 31, 2011
  1                                   Assets                                        1
  2                                                                                 2
  3                                                                                 3
  4                                                                                 4
  5                                                                                 5
 6                                                                                  6
 7                                                                                  7
 8                                                                                  8
 9                                                                                  9
10                                                                                  10
11                                                                                  11
12                                                                                  12
13                                                                                  13
14                                                                                  14
15                                                                                  15
16                      Liabilities and Stockholders' Equity                        16
17                                                                                  17
18                                                                                  18
19                                                                                  19
20                                                                                  20
21                                                                                  21
22                                                                                  22
23                                                                                  23
24                                                                                  24
25                                                                                  25
26                                                                                  26
27                                                                                  27
28                                                                                  28
29                                                                                  29
30                                                                                  30




                                   205
Name                                                  Problem 4-1A Concluded
Section
Date                                              Thomas Magnum, P.I., Inc.

     (c)
                            General Journal



       Date      Account Titles               Debit           Credit
  1             Adjusting Entries                                        1
  2 Mar. 31                                                              2
  3                                                                      3
  4                                                                      4
  5      31                                                              5
 6                                                                       6
 7                                                                       7
 8         31                                                            8
 9                                                                       9
10                                                                       10
11         31                                                            11
12                                                                       12
13                                                                       13
14         31                                                            14
15                                                                       15

     (d)                 General Journal



       Date      Account Titles               Debit           Credit
  1             Closing Entries                                          1
  2 Mar. 31                                                              2
  3                                                                      3
  4                                                                      4
  5      31                                                              5
 6                                                                       6
 7                                                                       7
 8                                                                       8
 9                                                                       9
10                                                                       10
11                                                                       11
12                                                                       12
13                                                                       13
14                                                                       14
15         31                                                            15
16                                                                       16
17                                                                       17
18         31                                                            18
19                                                                       19



                                      206
Name                                                                                                                                Problem 4-2A
Section
Date                                                                                                                           Porter Company

      (a)
                                                                      Porter Company
                                                                     Partial Worksheet
                                                           For the Year Ended December 31, 2011
                                                            Adjusted
                           Account                        Trial Balance                   Income Statement          Balance Sheet
        No.                    Titles               Dr.                   Cr.            Dr.            Cr.   Dr.                   Cr.
  1         101   Cash                                    18,800                                                                             1
  2         112   Accounts Receivable                     16,200                                                                             2
  3         126   Supplies                                 2,300                                                                             3
  4         130   Prepaid Insurance                        4,400                                                                             4
  5         151   Office Equipment                        44,000                                                                             5
 6          152   Accum. Depr. - Office Equipment                               20,000                                                       6
 7          200   Notes Payable                                                 20,000                                                       7
 8          201   Accounts Payable                                               8,000                                                       8
 9          212   Salaries Payable                                               2,600                                                       9
10          230   Interest Payable                                               1,000                                                       10
11          311   Common Stock                                                  30,000                                                       11
12          320   Retained Earnings                                              6,000                                                       12
13          332   Dividends                               12,000                                                                             13
14          400   Service Revenue                                               77,800                                                       14
15          610   Advertising Expense                     12,000                                                                             15
16          631   Supplies Expense                     3,700                                                                                 16
17          711   Depreciation Expense                 8,000                                                                                 17
18          722   Insurance Expense                    4,000                                                                                 18
19          726   Salaries Expense                    39,000                                                                                 19
20          905   Interest Expense                     1,000                                                                                 20
21                  Totals                           165,400               165,400                                                           21
22                Net Income                                                                                                                 22
23                 Totals                                                                                                                    23
24                                                                                                                                           24
Name                                               Problem 4-2A Continued
Section
Date                                                      Porter Company

      (b)
                       Porter Company
                      Income Statement
            For the Year Ended December 31, 2011
  1                                                                  1
  2                                                                  2
  3                                                                  3
  4                                                                  4
  5                                                                  5
 6                                                                   6
 7                                                                   7
 8                                                                   8
 9                                                                   9
10                                                                   10
11                                                                   11
12                                                                   12
13                                                                   13
14                                                                   14
15                                                                   15



                        Porter Company
                  Retained Earnings Statement
            For the Year Ended December 31, 2011
  1                                                                  1
  2                                                                  2
  3                                                                  3
  4                                                                  4
  5                                                                  5
 6                                                                   6
 7                                                                   7
 8                                                                   8
 9                                                                   9
10                                                                   10




                                208
Name                                                           Problem 4-2A Continued
Section
Date                                                                  Porter Company

      (b) (Continued)
                                Porter Company
                                 Balance Sheet
                               December 31, 2011
  1                                   Assets                                     1
  2                                                                              2
  3                                                                              3
  4                                                                              4
  5                                                                              5
 6                                                                               6
 7                                                                               7
 8                                                                               8
 9                                                                               9
10                                                                               10
11                                                                               11
12                                                                               12
13                                                                               13
14                                                                               14
15                                                                               15
16                      Liabilities and Stockholders' Equity                     16
17                                                                               17
18                                                                               18
19                                                                               19
20                                                                               20
21                                                                               21
22                                                                               22
23                                                                               23
24                                                                               24
25                                                                               25
26                                                                               26
27                                                                               27
28                                                                               28
29                                                                               29
30                                                                               30
31                                                                               31
32                                                                               32
33                                                                               33




                                   209
Name                                                                     Problem 4-2A Continued
Section
Date                                                                            Porter Company

     (c)
                                  General Journal                                         J14



       Date           Account Titles                     Ref.   Debit            Credit
  1 Dec. 31                                                                                     1
  2                                                                                             2
  3                                                                                             3
  4      31                                                                                     4
  5                                                                                             5
 6                                                                                              6
 7                                                                                              7
 8                                                                                              8
 9                                                                                              9
10                                                                                              10
11                                                                                              11
12         31                                                                                   12
13                                                                                              13
14                                                                                              14
15         31                                                                                   15
16                                                                                              16
17                                                                                              17
18                                                                                              18


     (d)

                                 Retained Earnings                                  No.320

       Date     Explanation            Ref.         Debit       Credit          Balance
       Jan. 1    Balance                 √                                           6,000




                                       Dividends                                    No. 332

       Date     Explanation            Ref.         Debit       Credit          Balance
      Dec 31     Balance                 √                                          12,000



                                 Income Summary                                     No. 350

       Date     Explanation            Ref.         Debit       Credit          Balance




                                                   210
Name                                                                       Problem 4-2A Continued
Section
Date                                                                              Porter Company

    (d) ( Continued)

                                       Service Revenue                                No. 400

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                         77,800



                                     Advertising Expense                              No. 610

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                         12,000



                                      Supplies Expense                                No. 631

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                          3,700



                                     Depreciation Expense                             No. 711

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                          8,000



                                      Insurance Expense                               No. 722

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                          4,000



                                       Salaries Expense                               No. 726

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                         39,000



                                       Interest Expense                               No. 905

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                          1,000




                                            211
Name                                             Problem 4-2A Concluded
Section
Date                                                    Porter Company

      (e)
                Porter Company
            Post-Closing Trial Balance
               December 31, 2011
                                         Debit           Credit
  1                                                                 1
  2                                                                 2
  3                                                                 3
  4                                                                 4
  5                                                                 5
 6                                                                  6
 7                                                                  7
 8                                                                  8
 9                                                                  9
10                                                                  10
11                                                                  11
12                                                                  12
13                                                                  13
14                                                                  14
15                                                                  15
16                                                                  16
17                                                                  17
18                                                                  18
19                                                                  19
20                                                                  20




                           212
Name                                                      Problem 4-3A
Section
Date                                               Woods Company, Inc.

      (a)
                    Woods Company, Inc.
                      Income Statement
            For the Year Ended December 31, 2011
  1                                                                1
  2                                                                2
  3                                                                3
  4                                                                4
  5                                                                5
 6                                                                 6
 7                                                                 7
 8                                                                 8
 9                                                                 9
10                                                                 10
11                                                                 11
12                                                                 12
13                                                                 13
14                                                                 14
15                                                                 15



                    Woods Company, Inc.
                  Retained Earnings Statement
            For the Year Ended December 31, 2011
  1                                                                1
  2                                                                2
  3                                                                3
  4                                                                4
  5                                                                5
 6                                                                 6
 7                                                                 7
 8                                                                 8
 9                                                                 9
10                                                                 10




                        213
Name                                                           Problem 4-3A Continued
Section
Date                                                             Woods Company, Inc.

      (a) (Continued)
                             Woods Company, Inc.
                                Balance Sheet
                              December 31, 2011
  1                                   Assets                                     1
  2                                                                              2
  3                                                                              3
  4                                                                              4
  5                                                                              5
 6                                                                               6
 7                                                                               7
 8                                                                               8
 9                                                                               9
10                                                                               10
11                                                                               11
12                                                                               12
13                      Liabilities and Stockholders' Equity                     13
14                                                                               14
15                                                                               15
16                                                                               16
17                                                                               17
18                                                                               18
19                                                                               19
20                                                                               20
21                                                                               21
22                                                                               22
23                                                                               23
24                                                                               24




                                             214
Name                                                           Problem 4-3A Continued
Section
Date                                                             Woods Company, Inc.

      (b)                     General Journal



        Date      Accounts Titles               Ref.   Debit           Credit
  1               Closing Entries                                                1
  2     Dec. 31                                                                  2
  3                                                                              3
  4                                                                              4
  5         31                                                                   5
  6                                                                              6
  7                                                                              7
  8                                                                              8
  9                                                                              9
 10                                                                              10
 11                                                                              11
 12         31                                                                   12
 13                                                                              13
 14                                                                              14
 15         31                                                                   15
 16                                                                              16
 17                                                                              17
 18                                                                              18
 19                                                                              19
 20                                                                              20
 21                                                                              21
 22                                                                              22
 23                                                                              23
 24                                                                              24
 25                                                                              25




                                    215
Name                                                                             Problem 4-3A Concluded
Section
Date                                                                                Woods Company, Inc.

      (c)
              Retained Earnings    No. 320                                Repair Expense       No. 622
                         1/1 Bal    14,000                    12/31 Bal    5,400

                                                                  Depreciation Expense        No. 711
                                                              12/31 Bal  2,800
                   Dividends       No.332
      12/31 Bal    7,200                                                Insurance Expense      No. 722
                                                              12/31 Bal    1,200
                  Income Summary   No. 350
                                                                       Salaries Expense        No. 726
                                                              12/31 Bal 35,200

                                                                        Utilities Expense      No. 732
                  Service Revenue   No. 400                   12/31 Bal   4,000
                           12/31 Bal 44,000




      (d)
                                         Woods Company, Inc.
                                        Post-Closing Trial Balance
                                           December 31, 2011
                                                                     Debit                  Credit
  1                                                                                                      1
  2                                                                                                      2
  3                                                                                                      3
  4                                                                                                      4
  5                                                                                                      5
 6                                                                                                       6
 7                                                                                                       7
 8                                                                                                       8
 9                                                                                                       9
10                                                                                                       10




                                                       216
Name                                                                                                                                                                    Problem 4-4A
Section
Date                                                                                                                                                      Disney Amusement Park, Inc.
    (a)
                                                                              Disney Amusement Park, Inc.
                                                                                       Worksheet
                                                                         For The Year Ended September 30, 2011
                                                                                                            Adjusted
                                         Trial Balance                   Adjustments                      Trial Balance                Income Statement     Balance Sheet
                 Account Titles    Dr.                   Cr.       Dr.                 Cr.          Dr.                   Cr           Dr.           Cr   Dr.           Cr.
 1   Cash                           41,400                                                           41,400                                                                       1
 2   Supplies                       18,600                                                            1,200                                                                       2
 3   Prepaid Insurance              31,900                                                            8,900                                                                       3
 4   Land                           80,000                                                           80,000                                                                       4
 5   Equipment                     120,000                                                          120,000                                                                       5
 6   Accumulated Depreciation                             36,200                                                           42,200                                                 6
 7   Accounts Payable                                     14,600                                                           14,600                                                 7
 8   Unearned Admissions Revenue                           3,700                                                            2,000                                                 8
 9   Mortgage Note Payable                                50,000                                                           50,000                                                 9
10   Common Stock                                        100,000                                                          100,000                                                 10
11   Retained Earnings                                     9,700                                                               9,700                                              11
12   Dividends                      14,000                                                           14,000                                                                       12
13   Admissions Revenue                                  277,500                                                          279,200                                                 13
14   Salaries Expense              105,000                                                          105,000                                                                       14
15   Repair Expense                 30,500                                                           30,500                                                                       15
16   Advertising Expense             9,400                                                            9,400                                                                       16
17   Utilities Expense              16,900                                                           16,900                                                                       17
18   Property Taxes Expense         18,000                                                           21,000                                                                       18
19   Interest Expense                6,000                                                           10,000                                                                       19
20          Totals                 491,700               491,700                                                                                                                  20
21                                                                                                                                                                                21
22   Insurance Expense                                                                               23,000                                                                       22
23   Supplies Expense                                                                                17,400                                                                       23
24   Interest Payable                                                                                                          4,000                                              24
25   Depreciation Expense                                                                             6,000                                                                       25
26 Property Taxes Payable                                                                                                   3,000                                                 26
27     Totals                                                                                       504,700               504,700                                                 27
28 Net Income                                                                                                                                                                     28
29      Totals                                                                                                                                                                    29
Name                                                   Problem 4-4A Continued
Section
Date                                               Disney Amusement Park, Inc.

      (b)
             Disney Amusement Park, Inc.
                    Balance Sheet
                  September 30, 2011
  1                       Assets                                          1
  2                                                                       2
  3                                                                       3
  4                                                                       4
  5                                                                       5
 6                                                                        6
 7                                                                        7
 8                                                                        8
 9                                                                        9
10                                                                        10
11                                                                        11
12                                                                        12
13                                                                        13
14                                                                        14
15          Liabilities and Stockholders' Equity                          15
16                                                                        16
17                                                                        17
18                                                                        18
19                                                                        19
20                                                                        20
21                                                                        21
22                                                                        22
23                                                                        23
24                                                                        24
25                                                                        25
26                                                                        26
27                                                                        27
28                                                                        28
29                                                                        29
30                                                                        30
31                                                                        31
32                                                                        32
33                                                                        33
34                                                                        34
35                                                                        35




                                218
Name                                            Problem 4-4A Continued
Section
Date                                      Disney Amusement Park, Inc.

     (c) & (d)



        Date        Accounts Titles     Debit           Credit
  1 (c)             Adjusting Entries                             1
  2 Sept. 30                                                      2
  3                                                               3
  4                                                               4
  5       30                                                      5
 6                                                                6
 7                                                                7
 8             30                                                 8
 9                                                                9
10                                                                10
11             30                                                 11
12                                                                12
13                                                                13
14             30                                                 14
15                                                                15
16                                                                16
17             30                                                 17
18                                                                18
19                                                                19
20 (d)              Closing Entries                               20
21    Sept. 30                                                    21
22                                                                22
23                                                                23
24             30                                                 24
25                                                                25
26                                                                26
27                                                                27
28                                                                28
29                                                                29
30                                                                30
31                                                                31
32                                                                32
33                                                                33
34                                                                34
35             30                                                 35
36                                                                36
37                                                                37
38             30                                                 38
39                                                                39
40                                                                40



                                 219
Name                                                Problem 4-4A Concluded
Section
Date                                          Disney Amusement Park, Inc.

      (e)
             Disney Amusement Park, Inc.
               Post-Closing Trial Balance
            September 30, 2011
                                            Debit           Credit
  1                                                                    1
  2                                                                    2
  3                                                                    3
  4                                                                    4
  5                                                                    5
 6                                                                     6
 7                                                                     7
 8                                                                     8
 9                                                                     9
10                                                                     10
11                                                                     11
12                                                                     12
13                                                                     13
14                                                                     14
15                                                                     15
16                                                                     16
17                                                                     17
18                                                                     18
19                                                                     19
20                                                                     20
21                                                                     21
22                                                                     22
23                                                                     23
24                                                                     24
25                                                                     25
26                                                                     26
27                                                                     27
28                                                                     28
29                                                                     29
30                                                                     30




                             220
Name                                                                Problem 4-5A
Section
Date                                                   Eddy's Carpet Cleaners Inc.

     (a)                   General Journal                                  J1



      Date       Accounts Titles             Ref.   Debit          Credit
  1 Mar. 1                                                                       1
  2                                                                              2
  3                                                                              3
  4      1                                                                       4
  5                                                                              5
 6                                                                               6
 7                                                                               7
 8           3                                                                   8
 9                                                                               9
10                                                                               10
11           5                                                                   11
12                                                                               12
13                                                                               13
14         14                                                                    14
15                                                                               15
16                                                                               16
17         18                                                                    17
18                                                                               18
19                                                                               19
20         20                                                                    20
21                                                                               21
22                                                                               22
23         21                                                                    23
24                                                                               24
25                                                                               25
26         28                                                                    26
27                                                                               27
28                                                                               28
29         31                                                                    29
30                                                                               30
31                                                                               31
32         31                                                                    32
33                                                                               33
34                                                                               34
35                                                                               35
36                                                                               36
37                                                                               37
38                                                                               38
39                                                                               39
40                                                                               40



                                   221
Name                                                                                                                                                      Problem 4-5A Continued
Section
Date                                                                                                                                                   Eddy's Carpet Cleaners Inc.

     (b) & (c)
                                                                              Eddy's Carpet Cleaners Inc.
                                                                                      Worksheet
                                                                          For the Month Ended March 31, 2011
                                                                                                              Adjusted
                                                  Trial Balance               Adjustments                   Trial Balance         Income Statement      Balance Sheet
                   Account Titles           Dr.                   Cr.   Dr.                 Cr.       Dr.                   Cr   Dr.            Cr   Dr.             Cr.
 1   Cash                                                                                                                                                                     1
 2   Accounts Receivable                                                                                                                                                      2
 3   Cleaning Supplies                                                                                                                                                        3
 4   Prepaid Insurance                                                                                                                                                        4
 5   Equipment                                                                                                                                                                5
 6   Accounts Payable                                                                                                                                                         6
 7   Common Stock                                                                                                                                                             7
 8   Dividends                                                                                                                                                                8
 9   Service Revenue                                                                                                                                                          9
10   Gas and Oil Expense                                                                                                                                                      10
11   Salaries Expense                                                                                                                                                         11
12        Totals                                                                                                                                                              12
13   Depreciation Expense                                                                                                                                                     13
14   Accumulated Depreciation - Equipment                                                                                                                                     14
15   Insurance Expense                                                                                                                                                        15
16 Cleaning Supplies Expense                                                                                                                                                  16
17 Salaries Payable                                                                                                                                                           17
18      Totals                                                                                                                                                                18
19 Net Income                                                                                                                                                                 19
20      Totals                                                                                                                                                                20
21                                                                                                                                                                            21
Name                                                                      Problem 4-5A Continued
Section
Date                                                                 Eddy's Carpet Cleaners Inc.

    (a), (e) and (f)

                                           Cash                                      No. 101

      Date             Explanation             Ref.      Debit   Credit          Balance




                                 Accounts Receivable                                 No. 112

      Date             Explanation             Ref.      Debit   Credit          Balance




                                     Cleaning Supplies                               No. 128

      Date             Explanation             Ref.      Debit   Credit          Balance




                                     Prepaid Insurance                               No. 130

      Date             Explanation             Ref.      Debit   Credit          Balance




                                        Equipment                                    No. 157

      Date             Explanation             Ref.      Debit   Credit          Balance




                                               223
Name                                                                          Problem 4-5A Continued
Section
Date                                                                     Eddy's Carpet Cleaners Inc.

    (a), (e) and (f) (Continued)

                           Accumulated Depreciation - Equipment                          No. 158

      Date               Explanation             Ref.        Debit   Credit          Balance



                                       Accounts Payable                                  No. 201

      Date               Explanation             Ref.        Debit   Credit          Balance




                                       Salaries Payable                                  No. 212

      Date               Explanation             Ref.        Debit   Credit          Balance



                                        Common Stock                                     No. 311

      Date               Explanation             Ref.        Debit   Credit          Balance



                                       Retained Earnings                                 No. 320

      Date               Explanation             Ref.        Debit   Credit          Balance




                                          Dividends                                      No. 332

      Date               Explanation             Ref.        Debit   Credit          Balance




                                       Income Summary                                    No. 350
      Date               Explanation            Ref.         Debit   Credit          Balance




                                                           224
Name                                                                            Problem 4-5A Continued
Section
Date                                                                       Eddy's Carpet Cleaners Inc.

    (a), (e) and (f) (Continued)

                                       Service Revenue                                     No. 400

      Date               Explanation             Ref.          Debit   Credit          Balance




                                       Gas & Oil Expense                                   No. 633

      Date               Explanation             Ref.          Debit   Credit          Balance




                                   Cleaning Supplies Expense                               No. 634

      Date               Explanation             Ref.          Debit   Credit          Balance




                                     Depreciation Expense                                  No. 711

      Date               Explanation             Ref.          Debit   Credit          Balance




                                       Insurance Expense                                   No. 722

      Date               Explanation             Ref.          Debit   Credit          Balance




                                       Salaries Expense                                    No. 726

      Date               Explanation             Ref.          Debit   Credit          Balance




                                                 225
Name                                                Problem 4-5A Continued
Section
Date                                             Eddy's Carpet Cleaners Inc.

      (d)
                Eddy's Carpet Cleaners Inc.
                     Income Statement
            For the Month Ended March 31, 2011
  1                                                                     1
  2                                                                     2
  3                                                                     3
  4                                                                     4
  5                                                                     5
 6                                                                      6
 7                                                                      7
 8                                                                      8
 9                                                                      9
10                                                                      10
11                                                                      11
12                                                                      12
13                                                                      13
14                                                                      14
15                                                                      15



                Eddy's Carpet Cleaners Inc.
                Retained Earnings Statement
            For the Month Ended March 31, 2011
  1                                                                     1
  2                                                                     2
  3                                                                     3
  4                                                                     4
  5                                                                     5
 6                                                                      6
 7                                                                      7
 8                                                                      8
 9                                                                      9
10                                                                      10




                               226
Name                                                              Problem 4-5A Continued
Section
Date                                                           Eddy's Carpet Cleaners Inc.

      (d) (Continued)
                          Eddy's Carpet Cleaners Inc.
                                Balance Sheet
                                March 31, 2011
  1                                   Assets                                          1
  2                                                                                   2
  3                                                                                   3
  4                                                                                   4
  5                                                                                   5
 6                                                                                    6
 7                                                                                    7
 8                                                                                    8
 9                                                                                    9
10                                                                                    10
11                                                                                    11
12                                                                                    12
13                                                                                    13
14                      Liabilities and Stockholders' Equity                          14
15                                                                                    15
16                                                                                    16
17                                                                                    17
18                                                                                    18
19                                                                                    19
20                                                                                    20
21                                                                                    21
22                                                                                    22
23                                                                                    23
24                                                                                    24
25                                                                                    25
26                                                                                    26
27                                                                                    27




                                   227
Name                                                           Problem 4-5A Continued
Section
Date                                                      Eddy's Carpet Cleaners Inc.

     (e)                     General Journal                                    J2



       Date     Accounts Titles                 Ref.   Debit           Credit
  1             Adjusting Entries                                                    1
  2 Mar. 31                                                                          2
  3                                                                                  3
  4                                                                                  4
  5      31                                                                          5
 6                                                                                   6
 7                                                                                   7
 8         31                                                                        8
 9                                                                                   9
10                                                                                   10
11         31                                                                        11
12                                                                                   12
13                                                                                   13
14         31                                                                        14
15                                                                                   15
16                                                                                   16

     (f)                     General Journal                                    J3



       Date      Account Titles                 Ref.   Debit           Credit
  1             Closing Entries                                                      1
  2 Mar. 31                                                                          2
  3                                                                                  3
  4                                                                                  4
  5      31                                                                          5
 6                                                                                   6
 7                                                                                   7
 8                                                                                   8
 9                                                                                   9
10                                                                                   10
11                                                                                   11
12         31                                                                        12
13                                                                                   13
14                                                                                   14
15         31                                                                        15
16                                                                                   16
17                                                                                   17
18                                                                                   18
19                                                                                   19



                                          228
Name                                              Problem 4-5A Concluded
Section
Date                                         Eddy's Carpet Cleaners Inc.

      (g)
            Eddy's Carpet Cleaners Inc.
             Post-Closing Trial Balance
                  March 31, 2011
  1                                       Debit           Credit
  2                                                                  1
  3                                                                  2
  4                                                                  3
  5                                                                  4
  6                                                                  5
 7                                                                   6
 8                                                                   7
 9                                                                   8
10                                                                   9
11                                                                   10
12                                                                   11
                                                                     12




                   229
Name                                                                                                                                                  Problem 4-6A
Section
Date                                                                                                                                                Clark Cable, Inc.

      (a)
                                                                       Clark Cable, Inc.



                          (1) Incorrect Entry                                (2) Correct Entry                            (3) Correcting Entry
            Account Titles                      Dr.   Cr.   Account Titles                       Dr.   Cr.   Account Titles                   Dr.      Cr.
  1    1.                                                                                                                                                        1
  2                                                                                                                                                              2
  3                                                                                                                                                              3
  4    2.                                                                                                                                                        4
  5                                                                                                                                                              5
 6                                                                                                                                                               6
 7     3.                                                                                                                                                        7
 8                                                                                                                                                               8
 9                                                                                                                                                               9
10                                                                                                                                                               10
11                                                                                                                                                               11
12     4.                                                                                                                                                        12
13                                                                                                                                                               13
14                                                                                                                                                               14
15     5.                                                                                                                                                        15
16                                                                                                                                                               16
17                                                                                                                                                               17
18                                                                                                                                                               18
19                                                                                                                                                               19
20                                                                                                                                                               20
Name                                                         Problem 4-6A Concluded
Section
Date                                                                Clark Cable, Inc.

      (b)
                                 Clark Cable, Inc.
                                   Trial Balance
                                  April 30, 2011
                                                     Debit           Credit
  1   Cash                                                                       1
  2   Accounts Receivable                                                        2
  3   Supplies                                                                   3
  4   Equipment                                                                  4
  5   Accumulated Depreciation                                                   5
 6    Accounts Payable                                                           6
 7    Salaries Payable                                                           7
 8    Unearned Revenue                                                           8
 9    Common Stock                                                               9
10    Retained Earnings                                                          10
11    Service Revenue                                                            11
12    Salaries Expense                                                           12
13    Advertising Expense                                                        13
14    Miscellaneous Expense                                                      14
15    Depreciation Expense                                                       15
16 Repair Expense                                                                16
17                                                                               17
18                                                                               18
19                                                                               19
20                                                                               20
21                                                                               21
22                                                                               22
23                                                                               23
24                                                                               24
25                                                                               25
26                                                                               26
27                                                                               27
28                                                                               28
29                                                                               29
30                                                                               30




                                   231
Name                                                                                                                                                                   Problem 4-1B
Section
Date                                                                                                                                                              Sasse Roofing, Inc.

     (a)
                                                                                          Sasse Roofing, Inc.
                                                                                              Worksheet
                                                                                  For The Month Ended March 31, 2011
                                                                                                                   Adjusted
                                               Trial Balance                     Adjustments                     Trial Balance       Income Statement     Balance Sheet
                 Account Titles          Dr.                   Cr.           Dr.             Cr.             Dr.               Cr   Dr.            Cr   Dr.            Cr.
 1   Cash                                  4,500                                                                                                                                 1
 2   Accounts Receivable                   3,200                                                                                                                                 2
 3   Roofing Supplies                      2,000                                                                                                                                 3
 4   Equipment                            11,000                                                                                                                                 4
 5   Accumulated Depreciation - Equip.                           1,250                                                                                                           5
 6   Accounts Payable                                            2,500                                                                                                           6
 7   Unearned Revenue                                              550                                                                                                           7
 8   Common Stock                                               12,900                                                                                                           8
 9   Dividends                                 1,100                                                                                                                             9
10   Service Revenue                                                 6,300                                                                                                       10
11   Salaries Expense                      1,300                                                                                                                                 11
12   Miscellaneous Expense                   400                                                                                                                                 12
13      Totals                            23,500                23,500                                                                                                           13
14   Supplies Expense                                                                                                                                                            14
15   Depreciation Expense                                                                                                                                                        15
16   Salaries Payable                                                                                                                                                            16
17         Totals                                                                                                                                                                17
18     Net Income                                                                                                                                                                18
19          Totals                                                                                                                                                               19
20                                                                                                                                                                               20
Name                                             Problem 4-1B Continued
Section
Date                                                 Sasse Roofing, Inc.

      (b)
                    Sasse Roofing, Inc.
                     Income Statement
            For the Month Ended March 31, 2011
  1                                                                 1
  2                                                                 2
  3                                                                 3
  4                                                                 4
  5                                                                 5
 6                                                                  6
 7                                                                  7
 8                                                                  8
 9                                                                  9
10                                                                  10
11                                                                  11
12                                                                  12
13                                                                  13
14                                                                  14
15                                                                  15



                    Sasse Roofing, Inc.
                Retained Earnings Statement
            For the Month Ended March 31, 2011
  1                                                                 1
  2                                                                 2
  3                                                                 3
  4                                                                 4
  5                                                                 5
 6                                                                  6
 7                                                                  7
 8                                                                  8
 9                                                                  9
10                                                                  10




                       233
Name                                                           Problem 4-1B Continued
Section
Date                                                               Sasse Roofing, Inc.

      (b) (Continued)
                               Sasse Roofing, Inc.
                                 Balance Sheet
                                 March 31, 2011
  1                                   Assets                                      1
  2                                                                               2
  3                                                                               3
  4                                                                               4
  5                                                                               5
 6                                                                                6
 7                                                                                7
 8                                                                                8
 9                                                                                9
10                                                                                10
11                                                                                11
12                                                                                12
13                                                                                13
14                                                                                14
15                                                                                15
16                      Liabilities and Stockholders' Equity                      16
17                                                                                17
18                                                                                18
19                                                                                19
20                                                                                20
21                                                                                21
22                                                                                22
23                                                                                23
24                                                                                24
25                                                                                25
26                                                                                26
27                                                                                27
28                                                                                28
29                                                                                29
30                                                                                30




                                            234
Name                                               Problem 4-1B Concluded
Section
Date                                                   Sasse Roofing, Inc.

     (c)                 General Journal



       Date      Account Titles            Debit           Credit
  1             Adjusting Entries                                     1
  2 Mar. 31                                                           2
  3                                                                   3
  4                                                                   4
  5      31                                                           5
 6                                                                    6
 7                                                                    7
 8         31                                                         8
 9                                                                    9
10                                                                    10
11         31                                                         11
12                                                                    12
13                                                                    13
14                                                                    14
15                                                                    15

     (d)                 General Journal



       Date      Account Titles            Debit           Credit
  1             Closing Entries                                       1
  2 Mar. 31                                                           2
  3                                                                   3
  4                                                                   4
  5      31                                                           5
 6                                                                    6
 7                                                                    7
 8                                                                    8
 9                                                                    9
10                                                                    10
11         31                                                         11
12                                                                    12
13                                                                    13
14         31                                                         14
15                                                                    15
16                                                                    16




                               235
Name                                                                                                                               Problem 4-2B
Section
Date                                                                                                                      Rachel Company Inc.

      (a)
                                                                   Rachel Company Inc.
                                                                     Partial Worksheet
                                                          For the Year Ended December 31, 2011
                                                        Adjusted
                       Account                        Trial Balance                    Income Statement           Balance Sheet
       No.                 Titles               Dr.                   Cr.            Dr.              Cr.   Dr.                   Cr.
  1     101   Cash                                     8,100                                                                                1
  2     112   Accounts Receivable                     10,800                                                                                2
  3     126   Supplies                                 1,500                                                                                3
  4     130   Prepaid Insurance                        2,000                                                                                4
  5     151   Office Equipment                        24,000                                                                                5
 6      152   Accum. Depr. - Office Equipment                                5,600                                                          6
 7      200   Notes Payable                                                 15,000                                                          7
 8      201   Accounts Payable                                               6,100                                                          8
 9      212   Salaries Payable                                               2,400                                                          9
10      230   Interest Payable                                                 600                                                          10
11      311   Common Stock                                                  10,000                                                          11
12      320   Retained Earnings                                              5,800                                                          12
13      332   Dividends                                7,000                                                                                13
14      400   Service Revenue                                               61,000                                                          14
15      610   Advertising Expense                      8,400                                                                                15
16      631   Supplies Expense                      4,000                                                                                   16
17      711   Depreciation Expense                  5,600                                                                                   17
18      722   Insurance Expense                     3,500                                                                                   18
19      726   Salaries Expense                     31,000                                                                                   19
20      905   Interest Expense                        600                                                                                   20
21              Totals                            106,500               106,500                                                             21
22            Net Income                                                                                                                    22
23             Totals                                                                                                                       23
24                                                                                                                                          24
Name                                               Problem 4-2B Continued
Section
Date                                                 Rachel Company Inc.

      (b)
                     Rachel Company Inc.
                      Income Statement
            For the Year Ended December 31, 2011
  1                                                                  1
  2                                                                  2
  3                                                                  3
  4                                                                  4
  5                                                                  5
 6                                                                   6
 7                                                                   7
 8                                                                   8
 9                                                                   9
10                                                                   10
11                                                                   11
12                                                                   12
13                                                                   13
14                                                                   14
15                                                                   15



                     Rachel Company Inc.
                      Retained Earnings
            For the Year Ended December 31, 2011
  1                                                                  1
  2                                                                  2
  3                                                                  3
  4                                                                  4
  5                                                                  5
 6                                                                   6
 7                                                                   7
 8                                                                   8
 9                                                                   9
10                                                                   10




                        237
Name                                                           Problem 4-2B Continued
Section
Date                                                             Rachel Company Inc.

      (b) (Continued)
                              Rachel Company Inc.
                                 Balance Sheet
                               December 31, 2011
  1                                   Assets                                     1
  2                                                                              2
  3                                                                              3
  4                                                                              4
  5                                                                              5
 6                                                                               6
 7                                                                               7
 8                                                                               8
 9                                                                               9
10                                                                               10
11                                                                               11
12                                                                               12
13                                                                               13
14                                                                               14
15                                                                               15
16                      Liabilities and Stockholders' Equity                     16
17                                                                               17
18                                                                               18
19                                                                               19
20                                                                               20
21                                                                               21
22                                                                               22
23                                                                               23
24                                                                               24
25                                                                               25
26                                                                               26
27                                                                               27
28                                                                               28
29                                                                               29
30                                                                               30
31                                                                               31
32                                                                               32
33                                                                               33




                                            238
Name                                                                       Problem 4-2B Continued
Section
Date                                                                         Rachel Company Inc.

     (c)
                                     General Journal                                        J14



       Date              Account Titles                    Ref.   Debit            Credit
  1 Dec. 31                                                                                       1
  2                                                                                               2
  3                                                                                               3
  4      31                                                                                       4
  5                                                                                               5
 6                                                                                                6
 7                                                                                                7
 8                                                                                                8
 9                                                                                                9
10                                                                                                10
11                                                                                                11
12           31                                                                                   12
13                                                                                                13
14                                                                                                14
15           31                                                                                   15
16                                                                                                16
17                                                                                                17
18                                                                                                18


     (d)

                                    Retained Earnings                                 No. 320

       Date        Explanation            Ref.         Debit      Credit          Balance
           Jan 1    Balance                 √                                          5,800




                                          Dividends                                   No. 332

       Date        Explanation            Ref.         Debit      Credit          Balance
      Dec 31        Balance                 √                                          7,000



                                    Income Summary                                    No. 350

       Date        Explanation            Ref.         Debit      Credit          Balance




                                           239
Name                                                                       Problem 4-2B Continued
Section
Date                                                                         Rachel Company Inc.

    (d) ( Continued)

                                       Service Revenue                                No. 400

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                         61,000



                                     Advertising Expense                              No. 610

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                          8,400



                                      Supplies Expense                                No. 631

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                          4,000



                                     Depreciation Expense                             No. 711

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                          5,600



                                      Insurance Expense                               No. 722

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                          3,500



                                       Salaries Expense                               No. 726

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                         31,000



                                       Interest Expense                               No. 905

      Date             Explanation         Ref.           Debit   Credit          Balance
     Dec 31             Balance             √                                            600




                                                     240
Name                                             Problem 4-2B Concluded
Section
Date                                                Rachel Company Inc.

      (e)
             Rachel Company Inc.
            Post-Closing Trial Balance
               December 31, 2011
                                         Debit           Credit
  1                                                                 1
  2                                                                 2
  3                                                                 3
  4                                                                 4
  5                                                                 5
 6                                                                  6
 7                                                                  7
 8                                                                  8
 9                                                                  9
10                                                                  10
11                                                                  11
12                                                                  12
13                                                                  13
14                                                                  14
15                                                                  15
16                                                                  16
17                                                                  17
18                                                                  18
19                                                                  19
20                                                                  20




                  241
Name                                                 Problem 4-3B
Section
Date                                               Muddy Company

      (a)
                      Muddy Company
                      Income Statement
            For the Year Ended December 31, 2011
  1                                                           1
  2                                                           2
  3                                                           3
  4                                                           4
  5                                                           5
 6                                                            6
 7                                                            7
 8                                                            8
 9                                                            9
10                                                            10
11                                                            11
12                                                            12
13                                                            13
14                                                            14
15                                                            15



                       Muddy Company
                  Retained Earnings Statement
            For the Year Ended December 31, 2011
  1                                                           1
  2                                                           2
  3                                                           3
  4                                                           4
  5                                                           5
 6                                                            6
 7                                                            7
 8                                                            8
 9                                                            9
10                                                            10




                                242
Name                                                           Problem 4-3B Continued
Section
Date                                                                 Muddy Company

      (a) (Continued)
                                Muddy Company
                                 Balance Sheet
                               December 31, 2011
  1                                   Assets                                     1
  2                                                                              2
  3                                                                              3
  4                                                                              4
  5                                                                              5
 6                                                                               6
 7                                                                               7
 8                                                                               8
 9                                                                               9
10                                                                               10
11                                                                               11
12                      Liabilities and Stockholders' Equity                     12
13                                                                               13
14                                                                               14
15                                                                               15
16                                                                               16
17                                                                               17
18                                                                               18
19                                                                               19
20                                                                               20
21                                                                               21
22                                                                               22
23                                                                               23




                                   243
Name                                                            Problem 4-3B Continued
Section
Date                                                                  Muddy Company

      (b)                     General Journal



        Date      Accounts Titles                Ref.   Debit           Credit
  1               Closing Entries                                                 1
  2     Dec. 31                                                                   2
  3                                                                               3
  4                                                                               4
  5         31                                                                    5
  6                                                                               6
  7                                                                               7
  8                                                                               8
  9                                                                               9
 10                                                                               10
 11                                                                               11
 12         31                                                                    12
 13                                                                               13
 14                                                                               14
 15         31                                                                    15
 16                                                                               16
 17                                                                               17
 18                                                                               18
 19                                                                               19
 20                                                                               20
 21                                                                               21
 22                                                                               22
 23                                                                               23
 24                                                                               24
 25                                                                               25




                                           244
Name                                                                                  Problem 4-3B Concluded
Section
Date                                                                                             Muddy Company

      (c )

                  Retained Earnings    No. 320                             Repair Expense           No. 622
                             1/1 Bal     8,500                   12/31 Bal  1,600

                                                                     Depreciation Expense          No. 711
                                                                 12/31 Bal  2,100
                      Dividends        No.332
      12/31 Bal     11,000                                                 Insurance Expense        No. 722
                                                                 12/31 Bal    1,800
                   Income Summary      No. 350
                                                                          Salaries Expense          No. 726
                                                                 12/31 Bal 30,000

                                                                             Utilities Expense      No. 732
                   Service Revenue   No. 400                     12/31 Bal     1,400
                            12/31 Bal 56,000




      (d)
                                               Muddy Company
                                           Post-Closing Trial Balance
                                              December 31, 2011

                                                                        Debit                    Credit
  1                                                                                                           1
  2                                                                                                           2
  3                                                                                                           3
  4                                                                                                           4
  5                                                                                                           5
 6                                                                                                            6
 7                                                                                                            7
 8                                                                                                            8
 9                                                                                                            9
10                                                                                                            10




                                                 245
Name                                                                                                                                                                           Problem 4-4B
Section
Date                                                                                                                                                      Rockford Management Services, Inc.

     (a)
                                                                              Rockford Management Services, Inc.
                                                                                            Worksheet
                                                                              For the Year Ended December 31, 2011
                                                                                                                Adjusted
                                                Trial Balance                 Adjustments                    Trial Balance             Income Statement           Balance Sheet
                 Account Titles             Dr.               Cr.         Dr.              Cr.           Dr.               Cr         Dr.            Cr        Dr.             Cr.
 1   Cash                                    13,800                                                        13,800                                                                       1
 2   Accounts Receivable                     28,300                                                        28,300                                                                       2
 3   Prepaid Insurance                          3,600                                                        2,400                                                                      3
 4   Land                                    67,000                                                        67,000                                                                       4
 5   Building                               127,000                                                       127,000                                                                       5
 6   Equipment                               59,000                                                        59,000                                                                       6
 7   Accounts Payable                                          12,500                                                       12,500                                                      7
 8   Unearned Rent Revenue                                        6,000                                                       2,000                                                     8
 9   Mortgage Note Payable                                    120,000                                                      120,000                                                      9
10   Common Stock                                             100,000                                                      100,000                                                      10
11   Retained Earnings                                         44,000                                                       44,000                                                      11
12   Dividends                               22,000                                                        22,000                                                                       12
13   Service Revenue                                           90,700                                                       90,700                                                      13
14   Rent Revenue                                              29,000                                                       33,000                                                      14
15   Salaries Expense                        42,000                                                        42,000                                                                       15
16   Advertising Expense                     20,500                                                        20,500                                                                       16
17   Utilities Expense                       19,000                                                        19,000                                                                       17
18          Totals                          402,200           402,200                                                                                                                   18
19   Insurance Expense                                                                                       1,200                                                                      19
20   Depreciation Expense - Building                                                                         3,000                                                                      20
21   Accumulated Depreciation - Building                                                                                     3,000                                                      21
22   Depreciation Expense - Equipment                                                                        4,700                                                                      22
23   Accumulated Depreciation - Equipment                                                                                    4,700                                                      23
24   Interest Expense                                                                                       11,000                                                                      24
25   Interest Payable                                                                                                       11,000                                                      25
26          Totals                                                                                         420,900         420,900                                                      26
27   Net Income                                                                                                                                                                         27
28          Totals                                                                                                                                                                      28
29                                                                                                                                                                                      29
Name                                                          Problem 4-4B Continued
Section
Date                                                Rockford Management Services Inc.

      (b)
            Rockford Management Services Inc.
                      Balance Sheet
                    December 31, 2011
  1                        Assets                                                1
  2                                                                              2
  3                                                                              3
  4                                                                              4
  5                                                                              5
 6                                                                               6
 7                                                                               7
 8                                                                               8
 9                                                                               9
10                                                                               10
11                                                                               11
12                                                                               12
13                                                                               13
14                                                                               14
15                                                                               15
16                                                                               16
17                                                                               17
18                                                                               18
19           Liabilities and Stockholders' Equity                                19
20                                                                               20
21                                                                               21
22                                                                               22
23                                                                               23
24                                                                               24
25                                                                               25
26                                                                               26
27                                                                               27
28                                                                               28
29                                                                               29
30                                                                               30
31                                                                               31
32                                                                               32
33                                                                               33
34                                                                               34
35                                                                               35
36                                                                               36
37                                                                               37
38                                                                               38
39                                                                               39
40                                                                               40



                        247
Name                                                Problem 4-4B Continued
Section
Date                                     Rockford Management Services Inc.




      Date     Accounts Titles              Debit           Credit
  1   (c)      Adjusting Entries                                      1
  2 Dec. 31                                                           2
  3                                                                   3
  4                                                                   4
  5      31                                                           5
  6                                                                   6
  7                                                                   7
  8       31                                                          8
  9                                                                   9
 10                                                                   10
 11       31                                                          11
 12                                                                   12
 13                                                                   13
 14       31                                                          14
 15                                                                   15
 16                                                                   16
 17                                                                   17
 18                                                                   18
 19  (d)       Closing Entries                                        19
 20 Dec. 31                                                           20
 21                                                                   21
 22                                                                   22
 23                                                                   23
 24       31                                                          24
 25                                                                   25
 26                                                                   26
 27                                                                   27
 28                                                                   28
 29                                                                   29
 30                                                                   30
 31                                                                   31
 32                                                                   32
 33       31                                                          33
 34                                                                   34
 35                                                                   35
 36       31                                                          36
 37                                                                   37
 38                                                                   38
 39                                                                   39
 40                                                                   40



                                   248
Name                                                    Problem 4-4B Concluded
Section
Date                                       Rockford Management Services Inc.

      (e)
            Rockford Management Services Inc.
                 Post-Closing Trial Balance
                    December 31, 2011
                                                Debit           Credit
  1                                                                        1
  2                                                                        2
  3                                                                        3
  4                                                                        4
  5                                                                        5
 6                                                                         6
 7                                                                         7
 8                                                                         8
 9                                                                         9
10                                                                         10
11                                                                         11
12                                                                         12
13                                                                         13
14                                                                         14
15                                                                         15
16                                                                         16
17                                                                         17
18                                                                         18
19                                                                         19
20                                                                         20
21                                                                         21
22                                                                         22
23                                                                         23
24                                                                         24
25                                                                         25
26                                                                         26
27                                                                         27
28                                                                         28
29                                                                         29
30                                                                         30




                      249
Name                                                             Problem 4-5B
Section
Date                                              Chang's Cleaning Service Inc.

      (a)         General Journal                                        J1



       Date       Accounts Titles         Ref.   Debit          Credit
  1    July 1                                                                 1
  2                                                                           2
  3                                                                           3
  4           1                                                               4
  5                                                                           5
 6                                                                            6
 7                                                                            7
 8            3                                                               8
 9                                                                            9
10                                                                            10
11            5                                                               11
12                                                                            12
13                                                                            13
14          12                                                                14
15                                                                            15
16                                                                            16
17          18                                                                17
18                                                                            18
19                                                                            19
20          20                                                                20
21                                                                            21
22                                                                            22
23          21                                                                23
24                                                                            24
25                                                                            25
26          25                                                                26
27                                                                            27
28                                                                            28
29          31                                                                29
30                                                                            30
31                                                                            31
32          31                                                                32
33                                                                            33
34                                                                            34
35                                                                            35
36                                                                            36
37                                                                            37
38                                                                            38
39                                                                            39




                                    250
Name                                                                                                                                                    Problem 4-5B Continued
Section
Date                                                                                                                                               Chang's Cleaning Service Inc.

     (b) and (c)
                                                                         Chang's Cleaning Service Inc.
                                                                                   Worksheet
                                                                        For The Month Ended July 31, 2008
                                                                                                            Adjusted
                                                Trial Balance               Adjustments                   Trial Balance         Income Statement     Balance Sheet
                   Account Titles         Dr.                   Cr.   Dr.                 Cr.       Dr.                   Cr   Dr.            Cr   Dr.           Cr.
 1   Cash                                                                                                                                                                   1
 2   Accounts Receivable                                                                                                                                                    2
 3   Cleaning Supplies                                                                                                                                                      3
 4   Prepaid Insurance                                                                                                                                                      4
 5   Equipment                                                                                                                                                              5
 6   Accounts Payable                                                                                                                                                       6
 7   Common Stock                                                                                                                                                           7
 8   Dividends                                                                                                                                                              8
 9   Service Revenue                                                                                                                                                        9
10   Gas and Oil Expense                                                                                                                                                    10
11 Salaries Expense                                                                                                                                                         11
12      Totals                                                                                                                                                              12
13                                                                                                                                                                          13
14 Depreciation Expense                                                                                                                                                     14
15 Accumulated Depreciation - Equipment                                                                                                                                     15
16   Insurance Expense                                                                                                                                                      16
17   Cleaning Supplies Expense                                                                                                                                              17
18   Salaries Payable                                                                                                                                                       18
19        Totals                                                                                                                                                            19
20   Net Income                                                                                                                                                             20
21        Totals                                                                                                                                                            21
22                                                                                                                                                                          22
Name                                                                        Problem 4-5B Continued
Section
Date                                                                 Chang's Cleaning Service Inc.

    (a), (e) and (f)

                                           Cash                                        No. 101

      Date             Explanation             Ref.        Debit   Credit          Balance




                                 Accounts Receivable                                   No. 112

      Date             Explanation             Ref.        Debit   Credit          Balance




                                     Cleaning Supplies                                 No. 128

      Date             Explanation             Ref.        Debit   Credit          Balance




                                     Prepaid Insurance                                 No. 130

      Date             Explanation             Ref.        Debit   Credit          Balance




                                        Equipment                                      No. 157

      Date             Explanation             Ref.        Debit   Credit          Balance




                                                         252
Name                                                                        Problem 4-5B Continued
Section
Date                                                                 Chang's Cleaning Service Inc.

    (a), (e) and (f) (Continued)

                           Accumulated Depreciation - Equipment                        No. 158

      Date               Explanation             Ref.      Debit   Credit          Balance



                                       Accounts Payable                                No. 201

      Date               Explanation             Ref.      Debit   Credit          Balance




                                       Salaries Payable                                No. 212

      Date               Explanation             Ref.      Debit   Credit          Balance



                                        Common Stock                                   No. 311

      Date               Explanation             Ref.      Debit   Credit          Balance




                                       Retained Earnings                               No. 320

      Date               Explanation             Ref.      Debit   Credit          Balance




                                          Dividends                                    No. 332

      Date               Explanation             Ref.      Debit   Credit          Balance




                                     Income Summary                                    No. 350
      Date               Explanation          Ref.         Debit   Credit          Balance




                                                 253
Name                                                                            Problem 4-5B Continued
Section
Date                                                                     Chang's Cleaning Service Inc.

    (a), (e) and (f) (Continued)

                                       Service Revenue                                     No. 400

      Date               Explanation             Ref.          Debit   Credit          Balance




                                       Gas & Oil Expense                                   No. 633

      Date               Explanation             Ref.          Debit   Credit          Balance




                                   Cleaning Supplies Expense                               No. 634

      Date               Explanation             Ref.          Debit   Credit          Balance




                                     Depreciation Expense                                  No. 711

      Date               Explanation             Ref.          Debit   Credit          Balance




                                       Insurance Expense                                   No. 722

      Date               Explanation             Ref.          Debit   Credit          Balance




                                       Salaries Expense                                    No. 726

      Date               Explanation             Ref.          Debit   Credit          Balance




                                                            254
Name                                                 Problem 4-5B Continued
Section
Date                                            Chang's Cleaning Service Inc.

      (d)
             Chang's Cleaning Service Inc.
                    Income Statement
            For the Month Ended July 31, 2011
  1                                                                      1
  2                                                                      2
  3                                                                      3
  4                                                                      4
  5                                                                      5
 6                                                                       6
 7                                                                       7
 8                                                                       8
 9                                                                       9
10                                                                       10
11                                                                       11
12                                                                       12
13                                                                       13
14                                                                       14
15                                                                       15



             Chang's Cleaning Service Inc.
              Retained Earnings Statement
            For the Month Ended July 31, 2011
  1                                                                      1
  2                                                                      2
  3                                                                      3
  4                                                                      4
  5                                                                      5
 6                                                                       6
 7                                                                       7
 8                                                                       8
 9                                                                       9
10                                                                       10




                      255
Name                                                                Problem 4-5B Continued
Section
Date                                                           Chang's Cleaning Service Inc.

      (d) (Continued)
                         Chang's Cleaning Service Inc.
                                Balance Sheet
                                 July 31, 2011
  1                                   Assets                                            1
  2                                                                                     2
  3                                                                                     3
  4                                                                                     4
  5                                                                                     5
 6                                                                                      6
 7                                                                                      7
 8                                                                                      8
 9                                                                                      9
10                                                                                      10
11                                                                                      11
12                                                                                      12
13                                                                                      13
14                      Liabilities and Stockholders' Equity                            14
15                                                                                      15
16                                                                                      16
17                                                                                      17
18                                                                                      18
19                                                                                      19
20                                                                                      20
21                                                                                      21
22                                                                                      22
23                                                                                      23
24                                                                                      24
25                                                                                      25
26                                                                                      26
27                                                                                      27




                                            256
Name                                                          Problem 4-5B Continued
Section
Date                                                   Chang's Cleaning Service Inc.

     (e)                     General Journal                                   J2



       Date     Accounts Titles                Ref.   Debit           Credit
  1             Adjusting Entries                                                   1
  2 July 31                                                                         2
  3                                                                                 3
  4                                                                                 4
  5      31                                                                         5
 6                                                                                  6
 7                                                                                  7
 8         31                                                                       8
 9                                                                                  9
10                                                                                  10
11         31                                                                       11
12                                                                                  12
13                                                                                  13
14         31                                                                       14
15                                                                                  15
16                                                                                  16

     (f)                     General Journal                                   J3



       Date      Account Titles                Ref.   Debit           Credit
  1             Closing Entries                                                     1
  2 July 31                                                                         2
  3                                                                                 3
  4                                                                                 4
  5      31                                                                         5
 6                                                                                  6
 7                                                                                  7
 8                                                                                  8
 9                                                                                  9
10                                                                                  10
11                                                                                  11
12         31                                                                       12
13                                                                                  13
14                                                                                  14
15         31                                                                       15
16                                                                                  16
17                                                                                  17
18                                                                                  18
19                                                                                  19



                                    257
Name                                                Problem 4-5B Concluded
Section
Date                                         Chang's Cleaning Service Inc.

      (g)
            Chang's Cleaning Service Inc.
              Post-Closing Trial Balance
                    July 31, 2011
  1                                         Debit           Credit
  2                                                                    1
  3                                                                    2
  4                                                                    3
  5                                                                    4
  6                                                                    5
 7                                                                     6
 8                                                                     7
 9                                                                     8
10                                                                     9
11                                                                     10
12                                                                     11
                                                                       12




                            258
Name                                           Comprehensive Problem: Chapters 2 to 4
Section
Date                                                 Julie's Maids Cleaning Service Inc.

      (a)                  General Journal                                       J1



       Date       Accounts Titles            Ref.      Debit            Credit
  1    July 1                                                                         1
  2                                                                                   2
  3                                                                                   3
  4           1                                                                       4
  5                                                                                   5
 6                                                                                    6
 7                                                                                    7
 8            3                                                                       8
 9                                                                                    9
10                                                                                    10
11            5                                                                       11
12                                                                                    12
13                                                                                    13
14          12                                                                        14
15                                                                                    15
16                                                                                    16
17          18                                                                        17
18                                                                                    18
19                                                                                    19
20          20                                                                        20
21                                                                                    21
22                                                                                    22
23          21                                                                        23
24                                                                                    24
25                                                                                    25
26          25                                                                        26
27                                                                                    27
28                                                                                    28
29          31                                                                        29
30                                                                                    30
31                                                                                    31
32          31                                                                        32
33                                                                                    33
34                                                                                    34
35                                                                                    35
36                                                                                    36
37                                                                                    37
38                                                                                    38
39                                                                                    39
40                                                                                    40



                                    259
Name                                                                                                                                      Comprehensive Problem: Chapters 2 to 4 Continued
Section
Date                                                                                                                                                      Julie's Maids Cleaning Service Inc.

     (b) & (c)
                                                                        Julie's Maids Cleaning Service Inc.
                                                                                    Worksheet
                                                                         For the Month Ended July 31, 2011
                                                                                                             Adjusted
                                                Trial Balance               Adjustments                    Trial Balance         Income Statement                Balance Sheet
                  Account Titles          Dr.                   Cr.   Dr.                 Cr.        Dr.                   Cr   Dr.            Cr             Dr.             Cr.
 1   Cash                                                                                                                                                                                1
 2   Accounts Receivable                                                                                                                                                                 2
 3   Cleaning Supplies                                                                                                                                                                   3
 4   Prepaid Insurance                                                                                                                                                                   4
 5   Equipment                                                                                                                                                                           5
 6   Accounts Payable                                                                                                                                                                    6
 7   Common Stock                                                                                                                                                                        7
 8   Dividends                                                                                                                                                                           8
 9   Service Revenue                                                                                                                                                                     9
10   Gas and Oil Expense                                                                                                                                                                 10
11 Salaries Expense                                                                                                                                                                      11
12      Totals                                                                                                                                                                           12
14 Depreciation Expense                                                                                                                                                                  14
15 Accumulated Depreciation - Equipment                                                                                                                                                  15
16   Insurance Expense                                                                                                                                                                   16
17   Cleaning Supplies Expense                                                                                                                                                           17
18   Salaries Payable                                                                                                                                                                    18
19        Totals                                                                                                                                                                         19
21   Net Income                                                                                                                                                                          21
22        Totals                                                                                                                                                                         22
23                                                                                                                                                                                       23
24                                                                                                                                                                                       24
25                                                                                                                                                                                       25
Name                                                               Comprehensive Problem: Chapters 2 to 4
Section
Date                                                                     Julie's Maids Cleaning Service Inc.

    (a), (e) and (f)

                                            Cash                                               No. 101

      Date             Explanation              Ref.       Debit           Credit          Balance




                                     Accounts Receivable                                       No. 112

      Date             Explanation              Ref.       Debit           Credit          Balance




                                      Cleaning Supplies                                        No. 128

      Date             Explanation              Ref.       Debit           Credit          Balance




                                      Prepaid Insurance                                        No. 130

      Date             Explanation              Ref.       Debit           Credit          Balance




                                         Equipment                                             No. 157

      Date             Explanation              Ref.       Debit           Credit          Balance



                         Accumulated Depreciation - Equipment                                  No. 158

      Date             Explanation              Ref.       Debit           Credit          Balance




                                                261
Name                                                       Comprehensive Problem: Chapters 2 to 4 Continued
Section
Date                                                                       Julie's Maids Cleaning Service Inc.

    (a), (e) and (f) (Continued)

                                       Accounts Payable                                          No. 201

      Date               Explanation             Ref.        Debit           Credit          Balance




                                       Salaries Payable                                          No. 212

      Date               Explanation             Ref.        Debit           Credit          Balance



                                        Common Stock                                             No. 311

      Date               Explanation             Ref.        Debit           Credit          Balance



                                       Retained Earnings                                         No. 320

      Date               Explanation             Ref.        Debit           Credit          Balance




                                          Dividends                                              No. 332

      Date               Explanation             Ref.        Debit           Credit          Balance




                                       Income Summary                                            No. 350

      Date               Explanation             Ref.        Debit           Credit          Balance




                                                           262
Name                                                        Comprehensive Problem: Chapters 2 to 4 Continued
Section
Date                                                                        Julie's Maids Cleaning Service Inc.

    (a), (e) and (f) (Continued)

                                       Service Revenue                                            No. 400

      Date               Explanation             Ref.          Debit          Credit          Balance




                                       Gas & Oil Expense                                          No. 633

      Date               Explanation             Ref.          Debit          Credit          Balance




                                   Cleaning Supplies Expense                                      No. 634

      Date               Explanation             Ref.          Debit          Credit          Balance




                                     Depreciation Expense                                         No. 711

      Date               Explanation             Ref.          Debit          Credit          Balance




                                       Insurance Expense                                          No. 722

      Date               Explanation             Ref.          Debit          Credit          Balance




                                       Salaries Expense                                           No. 726

      Date               Explanation             Ref.          Debit          Credit          Balance




                                                 263
Name                           Comprehensive Problem: Chapters 2 to 4 Continued
Section
Date                                              Julie's Maids Cleaning Service Inc.

      (d)
            Julie's Maids Cleaning Service Inc.
                     Income Statement
             For the Month Ended July 31, 2011
  1                                                                              1
  2                                                                              2
  3                                                                              3
  4                                                                              4
  5                                                                              5
 6                                                                               6
 7                                                                               7
 8                                                                               8
 9                                                                               9
10                                                                               10
11                                                                               11
12                                                                               12
13                                                                               13
14                                                                               14
15                                                                               15



            Julie's Maids Cleaning Service Inc.
                Retained Earnings Statement
             For the Month Ended July 31, 2011
  1                                                                              1
  2                                                                              2
  3                                                                              3
  4                                                                              4
  5                                                                              5
 6                                                                               6
 7                                                                               7
 8                                                                               8
 9                                                                               9
10                                                                               10




                               264
Name                                         Comprehensive Problem: Chapters 2 to 4 Continued
Section
Date                                                            Julie's Maids Cleaning Service Inc.

      (d) (Continued)
                        Julie's Maids Cleaning Service Inc.
                                   Balance Sheet
                                   July 31, 2011
  1                                    Assets                                                  1
  2                                                                                            2
  3                                                                                            3
  4                                                                                            4
  5                                                                                            5
 6                                                                                             6
 7                                                                                             7
 8                                                                                             8
 9                                                                                             9
10                                                                                             10
11                                                                                             11
13                                                                                             13
14                       Liabilities and Stockholders' Equity                                  14
15                                                                                             15
16                                                                                             16
17                                                                                             17
18                                                                                             18
19                                                                                             19
20                                                                                             20
21                                                                                             21
22                                                                                             22
23                                                                                             23
24                                                                                             24
25                                                                                             25

      (g)
                        Julie's Maids Cleaning Service Inc.
                             Post-Closing Trial Balance
                                   July 31, 2011
                                                                  Debit            Credit
  1                                                                                            1
  2                                                                                            2
  3                                                                                            3
  4                                                                                            4
  5                                                                                            5
 6                                                                                             6
 7                                                                                             7
 8                                                                                             8
 9                                                                                             9
10                                                                                             10
11                                                                                             11


                                    265
Name                                     Comprehensive Problem: Chapters 2 to 4 Concluded
Section
Date                                                     Julie's Maids Cleaning Service Inc.

                            General Journal                                          J2



     Date      Accounts Titles                  Ref.       Debit            Credit
  1 (e)        Adjusting Entries                                                          1
  2 July 31                                                                               2
  3                                                                                       3
  4                                                                                       4
  5      31                                                                               5
 6                                                                                        6
 7                                                                                        7
 8        31                                                                              8
 9                                                                                        9
10                                                                                        10
11        31                                                                              11
12                                                                                        12
13                                                                                        13
14        31                                                                              14
15                                                                                        15
16                                                                                        16

                            General Journal                                          J3



     Date       Account Titles                  Ref        Debit            Credit
  1 (f)        Closing Entries                                                            1
  2 July 31                                                                               2
  3                                                                                       3
  4                                                                                       4
  5      31                                                                               5
 6                                                                                        6
 7                                                                                        7
 8                                                                                        8
 9                                                                                        9
10                                                                                        10
11                                                                                        11
12        31                                                                              12
13                                                                                        13
14                                                                                        14
15        31                                                                              15
16                                                                                        16
17                                                                                        17
18                                                                                        18
19                                                                                        19
20                                                                                        20


                                          266
Name            Chapter 4 Financial Reporting Problem
Section
Date                                    PepsiCo, Inc.




  1 (a)                                          1
  2                                              2
  3                                              3
  4                                              4
  5                                              5
 6 (b)                                           6
 7                                               7
 8                                               8
 9                                               9
10                                               10
11                                               11
12                                               12
13                                               13
14                                               14
15                                               15
16 (c)                                           16
17                                               17
18                                               18
19                                               19
20                                               20
21                                               21
22                                               22
23                                               23
24                                               24
25                                               25
26 (d)                                           26
27                                               27
28                                               28
29                                               29
30                                               30
31 (e)                                           31
32                                               32
33                                               33
34                                               34
35                                               35
36                                               36
37                                               37
38                                               38
39                                               39
40                                               40



          267
Name                                                         Chapter 4 Comparative Analysis Problem
Section
Date                                                         PepsiCo, Inc. versus Coca-Cola Company




                                                                    PepsiCo        Coca-Cola
  1                                                                                            1
  2 (a) (in millions)                                                                          2
  3                                                                                            3
  4   1. Total current assets                                                                  4
  5                                                                                            5
 6     2. Net property, plant, and equipment                                                   6
 7                                                                                             7
 8     3. Total current liabilities                                                            8
 9                                                                                             9
10     4. Total stockholders' (shareholders') equity                                           10
11                                                                                             11
12                                                                                             12
13                                                                                             13
14                                                                                             14
15                                                                                             15
16 (b)                                                                                         16
17                                                                                             17
18                                                                                             18
19                                                                                             19
20                                                                                             20
21                                                                                             21
22                                                                                             22
23                                                                                             23
24                                                                                             24
25                                                                                             25
26                                                                                             26
27                                                                                             27
28                                                                                             28
29                                                                                             29
30                                                                                             30
31                                                                                             31
32                                                                                             32
33                                                                                             33
34                                                                                             34
35                                                                                             35
36                                                                                             36
37                                                                                             37
38                                                                                             38
39                                                                                             39
40                                                                                             40



                                                       268
Name            Chapter 4 Exploring The Web
Section
Date                   Internet Home Pages




  1                                    1
  2                                    2
  3                                    3
  4                                    4
  5                                    5
 6                                     6
 7                                     7
 8                                     8
 9                                     9
10                                     10
11                                     11
12                                     12
13                                     13
14                                     14
15                                     15
16                                     16
17                                     17
18                                     18
19                                     19
20                                     20
21                                     21
22                                     22
23                                     23
24                                     24
25                                     25
26                                     26
27                                     27
28                                     28
29                                     29
30                                     30
31                                     31
32                                     32
33                                     33
34                                     34
35                                     35
36                                     36
37                                     37
38                                     38
39                                     39
40                                     40



          269
Name                              Chapter 4 Decision Making Across the Organization
Section
Date                                                Whitegloves Janitorial Service Inc.

      (a)
            Whitegloves Janitorial Service Inc.
                     Balance Sheet
                   December 31, 2011
  1                        Assets                                                  1
  2                                                                                2
  3                                                                                3
  4                                                                                4
  5                                                                                5
 6                                                                                 6
 7                                                                                 7
 8                                                                                 8
 9                                                                                 9
10                                                                                 10
11                                                                                 11
12                                                                                 12
13                                                                                 13
14                                                                                 14
15                                                                                 15
16                                                                                 16
17                                                                                 17
18                                                                                 18
19                                                                                 19
20                                                                                 20
21           Liabilities and Stockholders' Equity                                  21
22                                                                                 22
23                                                                                 23
24                                                                                 24
25                                                                                 25
26                                                                                 26
27                                                                                 27
28                                                                                 28
29                                                                                 29
30                                                                                 30
31                                                                                 31
32                                                                                 32
33                                                                                 33
34                                                                                 34
35                                                                                 35
36                                                                                 36
37                                                                                 37
38                                                                                 38
39                                                                                 39
40                                                                                 40



                                 270
Name                                                Ch 4 Dec. Making Across the Organization Concluded
Section
Date                                                                    Whitegloves Janitorial Service Inc.



                                  Whitegloves Janitorial Service Inc.
                                   Retained Earnings Account Detail
                                         December 31, 2011
  1 Retained earnings account balance as reported                                              14,000 1
  2                                                                                                   2
  3                                                                                                   3
  4                                                                                                   4
  5                                                                                                   5
 6                                                                                                     6
 7                                                                                                     7
 8                                                                                                     8
 9                                                                                                     9
10                                                                                                     10
11                                                                                                     11
12                                                                                                     12
13                                                                                                     13
14                                                                                                     14
15                                                                                                     15
16                                                                                                     16
17                                                                                                     17
18                                                                                                     18
19                                                                                                     19
20                                                                                                     20
21                                                                                                     21
22 (b)                                                                                                 22
23                                                                                                     23
24                                                                                                     24
25                                                                                                     25
26                                                                                                     26
27                                                                                                     27
28                                                                                                     28
29                                                                                                     29
30                                                                                                     30
31                                                                                                     31
32                                                                                                     32
33                                                                                                     33
34                                                                                                     34
35                                                                                                     35
36                                                                                                     36
37                                                                                                     37
38                                                                                                     38
39                                                                                                     39
40                                                                                                     40



                                             271
Name            Chapter 4 Communication Activity
Section
Date                           Accounting Cycle




  1                                         1
  2                                         2
  3                                         3
  4                                         4
  5                                         5
 6                                          6
 7                                          7
 8                                          8
 9                                          9
10                                          10
11                                          11
12                                          12
13                                          13
14                                          14
15                                          15
16                                          16
17                                          17
18                                          18
19                                          19
20                                          20
21                                          21
22                                          22
23                                          23
24                                          24
25                                          25
26                                          26
27                                          27
28                                          28
29                                          29
30                                          30
31                                          31
32                                          32
33                                          33
34                                          34
35                                          35
36                                          36
37                                          37
38                                          38
39                                          39
40                                          40



          272
Name                  Chapter 4 Ethics Case
Section
Date            Breathless Perfume Company




  1 (a)                                1
  2                                    2
  3                                    3
  4                                    4
  5                                    5
 6                                     6
 7                                     7
 8 (b)                                 8
 9                                     9
10                                     10
11                                     11
12                                     12
13                                     13
14                                     14
15                                     15
16 (c)                                 16
17                                     17
18                                     18
19                                     19
20                                     20
21                                     21
22                                     22
23                                     23
24                                     24
25                                     25
26                                     26
27                                     27
28                                     28
29                                     29
30                                     30
31                                     31
32                                     32
33                                     33
34                                     34
35                                     35
36                                     36
37                                     37




          273
Name                                       Chapter 4 All About You Activity
Section
Date                                              Personal Balance Sheet




  1                  Assets                                            1
  2                                                                    2
  3                                                                    3
  4                                                                    4
  5                                                                    5
 6                                                                     6
 7                                                                     7
 8                                                                     8
 9                                                                     9
10                                                                     10
11                                                                     11
12                                                                     12
13                                                                     13
14                                                                     14
15                                                                     15
16        Liabilities and Owner's Equity                               16
17                                                                     17
18                                                                     18
19                                                                     19
20                                                                     20
21                                                                     21
22                                                                     22
23                                                                     23
24                                                                     24
25                                                                     25
26                                                                     26
27                                                                     27
28                                                                     28
29                                                                     29
30                                                                     30
31                                                                     31
32                                                                     32
33                                                                     33
34                                                                     34
35                                                                     35
36                                                                     36
37                                                                     37
38                                                                     38
39                                                                     39
40                                                                     40



                           274
Name                         Chapter 4 Codification Activity
Section
Date                  Current Assets and Current Liabilities




  1 (a) (1)                                             1
  2                                                     2
  3                                                     3
  4                                                     4
  5                                                     5
 6        (2)                                           6
 7                                                      7
 8                                                      8
 9                                                      9
10                                                      10
11    (b)                                               11
12                                                      12
13                                                      13
14                                                      14
15                                                      15
16                                                      16
17                                                      17
18                                                      18
19                                                      19
20                                                      20
21                                                      21
22                                                      22
23                                                      23
24                                                      24
25                                                      25
26                                                      26
27                                                      27
28                                                      28
29                                                      29
30                                                      30
31                                                      31
32                                                      32
33                                                      33
34                                                      34
35                                                      35
36                                                      36
37                                                      37




                275

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:82
posted:2/24/2012
language:English
pages:100