this is the second time I am posting this questions. I need it answered just as
ID: 2537590 • Letter: T
Question
this is the second time I am posting this questions. I need it answered just as the chart shows the person answered it but it was so confusing i was not able to understand where to input the answers. PLEASE HELP
Here is the actual problem:
Molly's Meal Delivery Service Molly's Meal Delivery service has been in business for seven years. The Chart of Accounts is below They provide "home-cooked" meals for corporate events as well as individual needs Molly's operates with a December 31, 20XX financial year-end Chart of Accounts Assets 101 140 145 150 175 175.1 176 176.1 Cash Food Supplies Kitchen Supplies Prepaid Rent Ovens Accum. Depr. - Ovens Kitchen Equipment Accum. Depr.- Kitchen Equipment Liabilities 201 210 Accounts Payable Wages Payable Owner's Equit 301 302 Molly Murphy, Capital Molly Murphy, Drawing Revenues 401 Meal Delivery RevenueExplanation / Answer
Cash Account No.:101 Food Supplies Account No:140 Date Ref Debit credit Balance Date Ref Debit credit Balance Debit Credit Debit Credit Beg.Bal. 23775 Beg.Bal. 2100 Nov.1 Daily 20000 43775 Nov.4 Daily 2000 4100 Nov.1 Daily 3000 40775 Nov.15 Daily 2500 6600 Nov.7 Daily 3400 44175 Nov.30 Adj. 4550 2050 Nov.10 Daily 2000 42175 Nov.11 Daily 500 41675 Prepaid Rent Account No.: 150 Nov.14 Daily 3000 44675 Date Ref Debit credit Balance Nov.21 Daily 3200 47875 Debit Credit Nov.24 Daily 2050 45825 Beg.Bal. 0 Nov.28 Daily 3050 48875 Nov.1 Daily 3000 3000 Nov.30 Daily 200 48675 Nov.30 Adj. 1500 1500 Nov.30 Daily 500 48175 Nov.30 Daily 3000 45175 Ovens Account No.: 175 Date Ref Debit credit Balance Kitchen Supplies Account No.:145 Debit Credit Date Ref Debit credit Balance Beg.Bal. 12600 Debit Credit Nov.1 Daily 6300 18900 Beg.Bal. 1200 Nov.11 Daily 500 1700 Nov.30 Adj. 600 1100 Accumulated Depreciation - Ovens Account No.:175.1 Date Ref Debit credit Balance Molly, Capital Debit Credit Date Ref Debit credit Balance Beg.Bal. 11600 11600 Debit Credit Nov.30 Adj. 75 11675 Beg.Bal. 7375 Nov.1 Daily 20000 27375 Kitchen Equipment Account No.:176 Nov.30 f 3300 30675 Date Ref Debit credit Balance Molly, Withdrawals Debit Credit Date Ref Debit credit Balance Beg.Bal. 3600 Debit Credit 3600 Beg.Bal. 0 Nov.30 Daily 3000 3000 Accumulated Depreciation - Kitchen Equipment Account No.: 176.1 Date Ref Debit credit Balance Wages Payable Account No.210 Debit Credit Date Ref Debit credit Balance Beg.Bal. 3000 Debit Credit 3000 Beg.Bal. 0 0 Nov.30 Adj. 950 950 Accounts Payable Account No.201 Date Ref Debit credit Balance Income Summary Account No.: 310 Debit Credit Date Ref Debit credit Balance Beg.Bal. 700 Debit Credit Nov.1 Daily 6300 7000 Beg.Bal. 0 Nov.4 Daily 2000 9000 0 Nov.15 Daily 2500 11500 0 0 Meal Delivery Revenue Account No.: 401 0 Date Ref Debit credit Balance 0 Debit Credit Beg.Bal. 126000 Wages Expense Account No.: 511 Nov.7 Daily 3400 129400 Date Ref Debit credit Balance Nov.14 Daily 3000 132400 Debit Credit Nov.21 Daily 3200 135600 Beg.Bal. 40000 Nov.28 Daily 3050 138650 Nov.10 Daily 2000 42000 Nov.24 Daily 2050 44050 Food Supply Expense Account No.: 501 nov.30 Adj. 950 45000 Date Ref Debit credit Balance Debit Credit Phone Expense Account No.: 541 Beg.Bal. 38000 Date Ref Debit credit Balance Nov.30 Adj. 4550 42550 Debit Credit Beg.Bal. 2000 Rent Expense Account No.: 521 Nov.30 Daily 200 2200 Date Ref Debit credit Balance Debit Credit Depreciation expense - Ovens Account No.: 561 Beg.Bal. 15000 Date Ref Debit credit Balance Nov.30 Adj. 1500 16500 Debit Credit Beg.Bal. 600 Kitchen Supply Expense Account No.: 531 Nov.30 Adj. 75 675 Date Ref Debit credit Balance Debit Credit Beg.Bal. 4500 Depreciation expense - Ovens Account No.: 562 Nov.30 Adj. 600 5100 Date Ref Debit credit Balance Debit Credit Utilities Expense Account No.542 Beg.Bal. 100 Date Ref Debit credit Balance Nov.30 100 Debit Credit Beg.Bal. 5200 Nov.30 Daily 500 5700
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