Worksheet complete through the Trial Balance. March Journal Entries 1-Mar Accoun
ID: 2414295 • Letter: W
Question
Worksheet complete through the Trial Balance.
March Journal Entries
1-Mar
Accounts Receivable
3450
Sales Revenue
3,450
Cost of Goods Sold
1450
Inventory
1,450
3-Mar
Inventory
2800
Accounts Payable
2,800
15-Mar
Accounts Receivable
3750
Sales Revenue
3,750
Cost of Goods Sold
1950
Inventory
1,950
20-Mar
Inventory
2000
Accounts Payable
2,000
24-Mar
Accounts Receivable
4900
Sales Revenue
4,900
Cost of Goods Sold
2600
Inventory
2,600
#NAME?
PARTIALLY ADJUSTED TRIAL BALANCE
March 31 2018
Part Adj T/B
March Jes
Trial
Balance
DR
CR
DR
CR
DR
CR
Cash
$253,560
Accounts Receivable
146,800
12,100
Allowance for Uncollectible Accounts
$2,569
Supplies
85,650
Inventory
2,600
3,000
Prepaid Insurance
16,800
Land
50,000
Building
125,500
Accumulated Depr – Building
5,670
Computer equipment
52,950
Accumulated Depr – Comp Equip
1,750
Office Furniture
85,960
Accumulated Depr - Office Furniture
890
Accounts Payable
48,526
Interest Payable
3,200
Utilities Payable
8,952
Wages Payable
98,505
Long term Note Payable
90,000
Mortgage Payable
60,000
Common Stock
400,000
Retained Earnings
106,468
Dividends
4,000
Service Revenue
345,650
Tablet Sales Revenue
210,250
Cost of Goods Sold
165,850
6,000
Bad Debt Expense
Depreciation Expense – Building
1,350
Depreciation Expense - Computer Equip
890
Depreciation Expense - Office Furn
650
Interest Expense
3560
Insurance Expense
38,950
Supplies expense
72,860
Bank fee (expense)
Utilities Expense
75,900
Wage Expense
198,600
March Journal Entries
1-Mar
Accounts Receivable
3450
Sales Revenue
3,450
Cost of Goods Sold
1450
Inventory
1,450
3-Mar
Inventory
2800
Accounts Payable
2,800
15-Mar
Accounts Receivable
3750
Sales Revenue
3,750
Cost of Goods Sold
1950
Inventory
1,950
20-Mar
Inventory
2000
Accounts Payable
2,000
24-Mar
Accounts Receivable
4900
Sales Revenue
4,900
Cost of Goods Sold
2600
Inventory
2,600
Explanation / Answer
Answer
PARTIALLY ADJUSTED TRIAL BALANCE
March 31 2018
Part Adj T/B
March Jes
Final Adjusted Trial balance
DR
CR
DR
CR
DR
CR
Cash
$ 2,53,560.00
$ 2,53,560.00
Accounts Receivable
$ 1,46,800.00
$ 12,100.00
$ 1,58,900.00
Allowance for Uncollectible Accounts
$ 2,569.00
$ 2,569.00
Supplies
$ 85,650.00
$ 85,650.00
Inventory
$ 2,600.00
$ 4,800.00
$ 6,000.00
$ 1,400.00
Prepaid Insurance
$ 16,800.00
$ 16,800.00
Land
$ 50,000.00
$ 50,000.00
Building
$ 1,25,500.00
$ 1,25,500.00
Accumulated Depr – Building
$ 5,670.00
$ 5,670.00
Computer equipment
$ 52,950.00
$ 52,950.00
Accumulated Depr – Comp Equip
$ 1,750.00
$ 1,750.00
Office Furniture
$ 85,960.00
$ 85,960.00
Accumulated Depr - Office Furniture
$ 890.00
$ 890.00
Accounts Payable
$ 48,526.00
$ 4,800.00
$ 53,326.00
Interest Payable
$ 3,200.00
$ 3,200.00
Utilities Payable
$ 8,952.00
$ 8,952.00
Wages Payable
$ 98,505.00
$ 98,505.00
Long term Note Payable
$ 90,000.00
$ 90,000.00
Mortgage Payable
$ 60,000.00
$ 60,000.00
Common Stock
$ 4,00,000.00
$ 4,00,000.00
Retained Earnings
$ 1,06,468.00
$ 1,06,468.00
Dividends
$ 4,000.00
$ 4,000.00
Service Revenue
$ 3,45,650.00
$ 3,45,650.00
Tablet Sales Revenue
$ 2,10,250.00
$ 12,100.00
$ 2,22,350.00
Cost of Goods Sold
$ 1,65,850.00
$ 6,000.00
$ 1,71,850.00
Bad Debt Expense
$ -
Depreciation Expense – Building
$ 1,350.00
$ 1,350.00
Depreciation Expense - Computer Equip
$ 890.00
$ 890.00
Depreciation Expense - Office Furn
$ 650.00
$ 650.00
Interest Expense
$ 3,560.00
$ 3,560.00
Insurance Expense
$ 38,950.00
$ 38,950.00
Supplies expense
$ 72,860.00
$ 72,860.00
Bank fee (expense)
$ -
Utilities Expense
$ 75,900.00
$ 75,900.00
Wage Expense
$ 1,98,600.00
$ 1,98,600.00
TOTAL
$ 13,82,430.00
$ 13,82,430.00
$ 22,900.00
$ 22,900.00
$ 13,99,330.00
$ 13,99,330.00
PARTIALLY ADJUSTED TRIAL BALANCE
March 31 2018
Part Adj T/B
March Jes
Final Adjusted Trial balance
DR
CR
DR
CR
DR
CR
Cash
$ 2,53,560.00
$ 2,53,560.00
Accounts Receivable
$ 1,46,800.00
$ 12,100.00
$ 1,58,900.00
Allowance for Uncollectible Accounts
$ 2,569.00
$ 2,569.00
Supplies
$ 85,650.00
$ 85,650.00
Inventory
$ 2,600.00
$ 4,800.00
$ 6,000.00
$ 1,400.00
Prepaid Insurance
$ 16,800.00
$ 16,800.00
Land
$ 50,000.00
$ 50,000.00
Building
$ 1,25,500.00
$ 1,25,500.00
Accumulated Depr – Building
$ 5,670.00
$ 5,670.00
Computer equipment
$ 52,950.00
$ 52,950.00
Accumulated Depr – Comp Equip
$ 1,750.00
$ 1,750.00
Office Furniture
$ 85,960.00
$ 85,960.00
Accumulated Depr - Office Furniture
$ 890.00
$ 890.00
Accounts Payable
$ 48,526.00
$ 4,800.00
$ 53,326.00
Interest Payable
$ 3,200.00
$ 3,200.00
Utilities Payable
$ 8,952.00
$ 8,952.00
Wages Payable
$ 98,505.00
$ 98,505.00
Long term Note Payable
$ 90,000.00
$ 90,000.00
Mortgage Payable
$ 60,000.00
$ 60,000.00
Common Stock
$ 4,00,000.00
$ 4,00,000.00
Retained Earnings
$ 1,06,468.00
$ 1,06,468.00
Dividends
$ 4,000.00
$ 4,000.00
Service Revenue
$ 3,45,650.00
$ 3,45,650.00
Tablet Sales Revenue
$ 2,10,250.00
$ 12,100.00
$ 2,22,350.00
Cost of Goods Sold
$ 1,65,850.00
$ 6,000.00
$ 1,71,850.00
Bad Debt Expense
$ -
Depreciation Expense – Building
$ 1,350.00
$ 1,350.00
Depreciation Expense - Computer Equip
$ 890.00
$ 890.00
Depreciation Expense - Office Furn
$ 650.00
$ 650.00
Interest Expense
$ 3,560.00
$ 3,560.00
Insurance Expense
$ 38,950.00
$ 38,950.00
Supplies expense
$ 72,860.00
$ 72,860.00
Bank fee (expense)
$ -
Utilities Expense
$ 75,900.00
$ 75,900.00
Wage Expense
$ 1,98,600.00
$ 1,98,600.00
TOTAL
$ 13,82,430.00
$ 13,82,430.00
$ 22,900.00
$ 22,900.00
$ 13,99,330.00
$ 13,99,330.00
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