acc 290 week 3 individual assignment week three problems and exercises 494855 | Homework Solutions

ACC 290 Week 3 Individual Assignment Week Three Problems and Exercises

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Week Three Problems and Exercises ACC/290 University of Phoenix BE4-1 cash net income A. B. C. D. E. F. -100 0 0 +800 -2,500 0 0 -20 +1,300 0 0 -600 P4-2A Date Accounts Debit Credit 1. June 30 Accounts Rec. 3,900 3,900 2. 30 Unearned Service Rev. 4,100 4,100 3. 30 Insur. Exp. 240 240 4. 30 Utility Exp. 180 180 5. 30 Salary Exp. 1,250 1,250 6. 30 Depreciation Exp. 250 250 7. 30 Supply Exp. 1,280 1,280 Cash 6/30 … 6,850  Accounts Receivable 6/30 … 7,000  6/30 3,900  6/30 … 10,900  N/A Supplies 6/30 … 2,000   6/30 1,280 6/30 … 720  Prepaid Insurance 6/30 … 2,880   6/30 240 6/30 … 2,640  Equipment 6/30 … 15,000  Accounts Pay.  6/30 … 4,230  6/30 180  6/30 4,410 Salary Pay.  6/30 1,250  6/30 … 1,250 Unearned Service Rev. 6/30 4,100   6/30 … 5,200  6/30 … 1,100 Common Stock  6/30 … 22,000 Salary Exp. 6/30 … 4,000  6/30 1,250  6/30 … 5,250  Rent Exp. 6/30 … 2,000  Insur. Exp. 6/30 240  6/30 Bal. 240  Utilities Exp. 6/30 180  6/30 … 180  Supply Exp. 6/30 1,280  6/30 … 1,280  Accumulated Depreciation  6/30 250  6/30 … 250 Depreciation Exp. 6/30 250  6/30 … 250  Service Rev.  6/30 … 8,300  6/30 4,100  6/30 3,900  6/30 … 16,300 Vogel Consult. Adjusted Trial Balance Debit Credit Accounts Rec. Cash Prepaid Insur. Supplies Equipment Accumulated Depreciation Accounts Pay. Salary Pay. Unearned Serv. Rev. Common Stock Service Rev. Salary Exp. Rent Exp. Depreciation Exp. Insur. Exp. Utilities Exp. Supply Exp. 10,900 6,850 2,640 720 15,000 5,250 2,000 250 240 180 …

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