Hospitality Cost Control Problem 10 Supplement to Manual Worksheet in Chapter Ap

Question

Hospitality Cost Control Problem 10 Supplement to Manual Worksheet in Chapter Appendix A. Prepare a complete worksheet from the following information: General Ledger Adjustments Cr Cr Dr 10,000 2,000 1,500 3,200 4,000 Dr Cash Accounts Receivable Supplies Inventory Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Capital Withdrawals Sales Rent Telephone Advertising Supplies Insurance Depreciation Total (a) 600 (b) 1,500 1,600 3,200 11,500 (c) 800 40,000 63,000 12,000 2,200 4,400 (a) 600 (b) 1,500 (c) 800 79,300 79,300 2,900 2,900

Explanation / Answer

Solution:

Worksheet for Adjusted Trial Balance Account Unadjusted balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit Cash $10,000.00 $10,000.00 Accounts Receivable $2,000.00 $2,000.00 Supplies Inventory $1,500.00 $600.00 a $900.00 Prepaid Insurance $3,200.00 $1,500.00 b $1,700.00 Equipment $4,000.00 $4,000.00 Accumulated Depreciation $1,600.00 $800.00 c $2,400.00 Accounts Payable $3,200.00 $3,200.00 Capital $11,500.00 $11,500.00 Withdrawls $40,000.00 $40,000.00 Sales $63,000.00 $63,000.00 Rent $12,000.00 $12,000.00 Telephone $2,200.00 $2,200.00 Advertising $4,400.00 $4,400.00 Supplies $600.00 a $600.00 Insurance $1,500.00 b $1,500.00 Depreciation $800.00 c $800.00 Total $79,300.00 $79,300.00 $2,900.00 $2,900.00 $80,100.00 $80,100.00

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