服务型企业业务题答案

1、服务型企业业务题答案Sep. 1 Friedma n bega n a bus in ess by in vest ing $50000 in cash, $3000 in supplies and $25000 in equipme ntSep. 1 Bought supplies for cash, $540Sep.2 Prepaid the rent for six mon th, $7200Sep. 3 Purchased additi onal supplies on credit, $320Sep. 5 Prepaid the in sura nee premium for thr

2、ee mon th $3000Sep. 9 Performed services and immediately collected $3200 cash for the work.Sep. 13 Paid for the supplies purchased on September 3Sep. 15Purchased equipment on account$5800Sep. 16Performed services for Adam onaccount $850Sep. 23 Completed professional work for Vat on credit, $6800Sep.

3、 26 Received $850 from Adam for the work completed on Nov.16.Sep. 28 Friedman withdrew $100 from the bus in ess to pay his home utility billSep. 29 Withdrew $2500 for personal useSep. 30 Paid the September telephone bill of the office, $380Sep. 30 Made additional cash investment in the busi ness $20

4、00Additional information for adjustment at the end of the mon th:(a) Rent expe nse for September $1200(b) In sura nee expe nse expired $1000(c) Medical supplies used in November $750(d) The accumulated depreciati on for equipme nt $ 860(e) Accrued salary of the receptionist and assistant $2570(f) Ac

5、crued service reve nue $3250Required:Jour nalize the tran sacti ons;Post the journal en tries to the ledger acco un ts;Complete the work sheet.Prepare the finan cial stateme nts.Make the journal entry and postthem to the ledger.Close the acco un ts.GeneralJour nalPage 1DateAcco unts andExpla nati on

6、P.R.DebitCreditSteplin vesti ng in cash and$50000CashCapitalStep1in vesti ngin supplies$3000SuppliesCapitalStep1in vesti ngin e q u$25000equipmentCapitali p me n tSteplBought supplies for cash,$540suppliesCashSep.2Prepaidt h e r e n t f o r si x$7200PrepaidrentCashm o nt hSep. 3Purchase d additi ona

7、 l supplies on credit,$320suppliesAcco untsPayableSep. 5Prepaid the in sura nee premium for three mon th$3000PrepaidIn sura neeCashSep. 9Performe d services and immediat ely8$3200cashServiceRevenuecollected cash for the workSep. 13Paid for the supplies purchase d on Sep 3$320Acco untspayableCashSep.

8、 15Purchase d equipme ntonaccount$5800equipmentAcco untsPayableSep. 16Performe d services for Adam on account$850Acco untsreceivableServiceRevenueSep. 23Complete d$6800Acco untsServiceRevenueprofessio nal work for Vatreceivableon credit,Sep. 26Received from Adam for the work complete donNov.16.$850c

9、ashAcco untsReceivableSep. 28Friedma n withdrew from the bus in ess to pay his home utility bill$100capitalWithdrawlSep. 29Withdre wfor$2500capitalWithdrawlpers onal useSep. 30Paid the$380UtilitiesCashSeptembe r telepho ne bill of the office,expenseSep. 30Made additi ona lcashin vestme nt in the bus

10、 in ess$2000cashCapitalAdjustin g(a)Re ntexpense for Septembe r$1200Rent ex pensePrepaidrent(b)In sura nc e expense expired$1000In sura nc e ExpensePrepaidIn sura nce(c)Medical supplies used in Novembe r$750Supplies expenseSupplies(d)The accumula ted depreciat ionforequipme nt$ 860Deprecia tion Expe

11、nseAccumul ated depreciat ion(e)(g) Accr ued salary$2570SalariesexpenseSalariesPayableof the recepti onistand assista nt(f)Accrued service reve nue$3250Acco untsreceivableServiceRevenueClo. (a)14100Service reve nueReta ined earnings(b)1200Reta inedEar ningsRent expense2570Reta inedEar ningsSalariese

12、xpense1000Reta inedEar ningsIn sura nceExpense750Reta ined earningsSuppliesExpense860Reta ined earningsDepreciat ion Expense380Reta ined earningsUtilitiesExpense(C)(d)Gen eral LedgerCash11Capital 3150000540100500003200720025003000850300025000200032020003804461077400AccountsReceivab)le12Withdrawal 32

13、680085010085025003250105002600Supplies13Service Reve nue 413000750320054085032032506800311014100Rent Expense 512500012005800308001200AccSalaries Exumulatedpense 52Depreci;ation15opn86086025/U2570PrepaidIn sura nee Expe nse 53Re nt1672006000120010001000PrepaidIn sura nee17Supplies Expe nse 5430001000

14、7502000750Accou ntsPayable21Depreciati on Expe nse 5432032086058005800860SalariesPayable22Utilities Expe nse 5625703802570380The In comeSummary141001200257010007508603807340Work SheetAccounTrialBala neeAdjustm en tsIn comeStateme ntBala neeSheett TitleDeCreDeCreDeCreDebCrebiditbiditbidititdittttCash

15、4444661100Accoun6832100ts005050ReceivablePrepai72120600d Re nt0000Prepai30100200d0000In suraneeSuppli es38607503110Equipm ent3080030800Accumu lated Deprec iatio n860860Accoun ts Payabl e58005800Salari es Payabl e25702570Capita l7740077400Withdr awals26002600Servic eRevenu1085032501410014100eRe nt Ex

16、pens e120012001200Salari es Expens e257025702570In sura nee Expens e100010001000Suppli es Expens es750750750Deprec iatio n Expens860860860eUtilities380380380Expens eTotal966509665096309630676014100103330103330NetIn come7340Friedma nTheIn comeStateme ntFor the month ofSeptemberReve nue:Service reve n

17、ue14100Expense:Salary expe nse2570Depreciati on expense860Rent expense1200In sura nee expe nse1000Supplies expe nse750Utilities expe nse380net in come7340Friedma nThe Statement of Owner 'EquityFor themon thofSeptemberReta ined0earnin gs,september1,Add:Net in come7340Reta ined earnin gs,septembe30,7340Frie(The Bala n( Novem Assets:dmance Sheetiber 30CashLess withdrawl