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HW 1 -3 by Group 5:

鄧坤宏 (Finsen Prayogo) E64078027


沈建宏 (Calvin Wijaya) E64078019
石亞德 (Aldo Saenz) H66067046

E1 – 26

(in Billion)
UPS’s INCOME STATEMENT
DECEMBER 2004
Revenue:
Service Revenue $ 32
Total Expenses $ 29
Net Income $3

UPS's stockholder equity increased during 2004 by 3 Billion dollars.

The UPS's performance was good, because the stakeholder equity was
increased

P1 – 32A

SECURITY SYSTEM CORPORATION


Income Statement
Month Ended December 31st 2007
Revenue:
Service Revenue 189000

Expenses:
Property tax expense 4000
Rent expense 23000
Salary expense 63000
Advertisement expense 13000
Insurance expense 2000
Interest expense 9000
Total expense 114000

Net Income 75000


SECURITY SYSTEM CORPORATION
Retained Earnings
Month Ended December 31st 2007
Retained Earnings, December 1, 2007 0
Add: Net income for the month 114000
Subtotal 114000
Less: Dividends 40000
Retained earnings, December 31, 2007 74000

Assets Liabilities
Cash 14000 Account payable 19000
Account receivable 12000 Note payable 35000
Land 60000 Salary payable 1000
Building 131000 Total Liabilities 55000
Equipment 20000
Stockholder's Equity
Common stock 100000
Retained earning 74000
Total Stockholder's Equity 174000

Total Liabilities & Stockholder's


Total Assets 237000 Equity 229000
E2 - 20

Issued stock 02-May


Purchased supply on account 09-May
Revenue 11-May
Rent Expense 14-May
Accounts Expense 22-May
Advertisement Expense 25-May
Receive on account payment 27-May
Fuel Expense 31-May

ASSETS:

Cash (110)
May 2 – J5 20000 May 14 – J5 3200
May 27 – J5 1400 May 22 – J5 300
May 25 – J5 400

Balance 17500

Account Receivable (120)


May 11 – J5 2600 May 27 – J5 1400

1200 Balance

Supplies (130)
May 9 – J5 200

200 Balance
LIABILITIES:

Account Payable (210)


May 22 – J5 300 200

100

Balance 0

STOCKHOLDER EQUITY:

Common Stock (310)


May 2 – J5 20000

Balance 20000

REVENUE:

Service Revenue (410)


May 11 – J5 2600

Balance 2600
EXPENSES:

Rent Expenses (510)


May 14 – J5 3200

3200 Balance

Advertising Expenses (520)

May 25- J5 400

400 Balance

Fuel Expenses (530)


May 31 – J5 100

100 Balance
Balance Sheet, 31 Mei 2006

Account Db Cr

Cash $ 17500

Account receivable $ 1200

Supplies $ 200

Account payable 0

Common stock $ 20000

Service Revenue $ 2600

Rent Expense $ 3200

Advertising Expense $ 400

Fuel Expense $ 100

Total $ 22600 $ 22600


P2 – 34A

Date Description Debit Credit


June 2008
Cash 25000
Building 30000
Common Stock 55000
Issued Common stock

Office Supplies 2100


Account payable 2100

Office Furniture 18000


Cash 18000

Employee's Salary 2200


Cash 2200

Account Receivable 5100


Service Revenue 5100

Account payable 800


Cash 800

Advertising Expanse 600


Account payable 600

Cash 1600
Service revenue 1600

Cash 1200
Account Receivable 1200

Rent Equipment 700


Utilities 400
Cash 1100
Dividends 1000
Cash 1000

Cash
25000 18000
Common
1600 2200
Stock
1200 800
55000
1100
1000
Bal= 55,000
Bal= 4700

Building Office supplies


30000 2100

Bal = 30,000
Bal= 2,100

Account payable
800 2100 Office
600 Furniture
18000
Bal= 1900
Bal 18,000

Salary Expense
2200

Bal= 2,200
Account
Receivable
5100 1200

Bal= 3900

Service Revenue
5100 Advertising
1600 Expanse
600
Bal= 6700
Bal= 600

Rent Equipment
700
Utilities
Bal= 700 400

Bal= 400
Dividends
1000

Bal= 1000

Total Total Credits


Debits
63,600 63,600
Cash
Date Item Ref Debits Date item Ref Credits
Jun 2008 25,000

Building
Date Item Ref Debits Date Item Ref Credits
Jun 2008 30,000

Common Stock
Date Item Ref Debits Date Item Ref Credits
Jun 2008 55,000

Office Supplies
Date Item Ref Debits Date item Ref Credits
June 2008 2,100

Account Payable
Date Item Ref Debits Date Item Ref Credits
June 2008 2,100
Office Furniture
Date Item Ref Debits Date item Ref Credits
June 2008 18,000

Account Payable
Date Item Ref Debits Date Item Ref Credits
June 2008 18,000

Salary Expense
Date Item Ref Debits Date item Ref Credits
June 2008 2,200

Cash
Date Item Ref Debits Date Item Ref Credits
June 2008 2,200

Account Receivable
Date Item Ref Debits Date item Ref Credits
June 2008 5,100

Service Revenue
Date Item Ref Debits Date Item Ref Credits
June 2008 5,100
Account payable
Date Item Ref Debits Date item Ref Credits
June 2008 800

Cash
Date Item Ref Debits Date Item Ref Credits
June 2008 800

Advertising Expanse
Date Item Ref Debits Date item Ref Credits
June 2008 600

Account Payable
Date Item Ref Debits Date Item Ref Credits
June 2008 600

Cash
Date Item Ref Debits Date item Ref Credits
June 2008 1600

Service Revenue
Date Item Ref Debits Date Item Ref Credits
June 2008 1600

Cash
Date Item Ref Debits Date item Ref Credits
June 2008 1200

Account Receivable
Date Item Ref Debits Date Item Ref Credits
June 2008 1200
Rent Equipment
Date Item Ref Debits Date item Ref Credits
Jun 2008 700

Utilities
Date Item Ref Debits Date Item Ref Credits
Jun 2008 400

Cash
Date Item Ref Debits Date Item Ref Credits
June 2008 1,100

Will Environmental Consulting Company - Trial Balance

Accounts Debit Balance Credit Balance


Cash 4,700
Common Stock 55,000
Building 30,000
Office Supplies 2,100
Account payable 1,900
Office Furniture 18,000
Salary Expense 2,200
Account Receivable 3,900
Service Revenue 6,700
Advertising Expanse 600
Dividends 1,000
Equipment 700
Utilities 400

Totals 63,600 63600


P2 – 35A

Income Statement
REVENUE
Service Revenue 6,700
Expense
Rent 700
Advertising 600
Utilities 400
Salary 2,200
Net Income 2,800

Retained Earnings Statement


Add:

Net Income 2,800

Less:

Dividends 1,000

Retained Earnings 1,800


Balance Sheet
Assets Liability

Cash 4,700 Account Payable 1,900


Account Receivable 3,900
Office Supplies 2,100
Office Furniture 18,000
Building 30,000

Equity

Retained Earnings 1,800


Common Stocks 55,000

Total 58,700 58,700


P2-42B

SERRANO CARPET INSTALLERS, INC.


Journal Entry
January 31, 2007
Page 1

Transactions Accounts and Explanation Db. Cr.

a Cash $ 40,000

a Automobile $ 20,000

Common Stock $ 60,000

b Equipment $ 32,000

Cash $ 32,000

c Supplies $ 400

Account Payable $ 400

d Salary Expense $ 1,300

Cash $ 1,300

e Cash $ 800

Service Revenue $ 800

f Advertising Expense $ 500

Account Payable $ 500

g Account Payable $ 400

Cash $ 400

h Account Receivable $ 6,300

Service Revenue $ 6,300

i Account Payable $ 1,100

Cash $ 1,100
j Rent Expense $ 1,000

Cash $ 1,000

j Insurance Expense $ 600

Cash $ 600

k Dividends $ 2,600

Cash $ 2,600

Total $107,000 $107,000


SERRANO CARPET INSTALLERS, INC.
Trial Balance
January 31, 2007

Account Title Balance


Debit Credit
Cash $ 4,000

Accounts Receivable $ 6,300

Supplies $ 400

Equipment $ 32,000

Automobile $ 20,000

Accounts Payable $ 1,600

Common Stock $ 60,000

Dividends $ 2,600

Service Revenue $ 7,100

Salary Expense $ 1,300

Rent Expense $ 1,000

Advertising Expense $ 500

Insurance Expense $ 600

Total $ 67,100 $ 67,100


SERRANO CARPET INSTALLERS, INC.
Income Statement
Month Ended January 31, 2007
Revenue:

Service Revenue $ 7,100

Expenses:

Salary Expense $ 1,300

Rent Expense $ 1,000

Advertising Expense $ 500

Insurance Expense $ 600

Total Expense $ $3,400

Net Income $ 3,700

SERRANO CARPET INSTALLERS, INC.


Statement of Retained Earnings
Month Ended January 31, 2007
Retained Earnings (Jan. 1st, 2007) 0

Add: Net Income $ 3,700

Less: Dividends ($ 2,600)

Retained Earnings, Jan. 31, 2007 $ 1,100


SERRANO CARPET INSTALLERS, INC.
Balance Sheet
Month Ended January 31, 2007
Assets Liabilities

Cash $ 4,000 Accounts Payable $ 1,600

Accounts Receivable $ 6,300 Stockholders’ Equity

Supplies $ 400 Common Stock $ 60,000

Equipment $ 32,000 Retained Earnings $ 1,100

Automobile $ 20,000

Total $ 62,700 Total $ 62,700

E4-36B
1.
Cash Accounts Receivable

Oct. 31 $ 4,900 Oct. 31 $ 15,310

Bal. $ 4,900 Bal. $ 15,310

Prepaid Rent Supplies

Oct. 1 $ 2,200 Adj. $200 Oct. 1 $ 840 Adj. $ 770


200

Bal. $ 2,000 Bal. $ 70

Equipment Accumulated Depreciation

Oct. 1 $ 31,370 Oct. 1 $ 3,400

Bal. $ 31,370 Adj. $ 250

Bal. $ 3,650
Accounts Payable Salary Payable

7,2
Oct. 31 $ 7,290 Adj. $ 310
90
7,2
Bal. $ 7,920 Bal. $ 310
90

Unearned Service Revenue Common Stock

Adj. $ 4,500 Oct. 1 $ 5,300 5,300 Oct. 31 $ 6,000

Bal. $ 800 800 Bal. $ 6,000

Service Revenue Salary Expense

Oct. 31 $ 17,100 Oct. 31 $ 2,860 17,100

Adj. $ 4,500 Adj. $ 310 4,500

Clo. $ 21,600 Bal. $ 21,600 Bal. $ 3,170 Clo. $21,600


3,170

Rent Expense Depreciation Expense

Adj. $ 200 5,300 Adj. $ 250

Bal. $ 200 Clo. $ 200 Bal. 800


$ 250 Clo. $ 250

Supplies Expense Income Summary

Adj. $ 770 5,300Clo. $ 4,390 Clo. $ 21,600

Bal. $ 770 Clo. $ 770 Clo. $ 17,210


800 Bal. $0
Dividens Retained Earnings

Oct. 31 $ 3,900 5,300 Oct. 1 $ 22,290

Bal. $ 3,900 Clo. $ 3,900 Clo. $ 3,900 Clo.800 $ 17,210

Bal. $ 35,600
ALPHA GRAPHICS CORP.
Work Sheet
October 31, 2007

Adjustments T/B Income Statement Balance Sheet


Account Title
Dr. Cr. Dr. Cr. Dr. Cr.

Cash $ 4,900 $ 4,900

Accounts receivable $ 15,310 $ 15,310

Prepaid rent $ 2,200 $ 200 (b) $ 2,000

Supplies $ 840 $ 770 (c) $ 70

Equipment 31,370 $ 31,370

$ 3,400 d. $ 250 $ 3,650


Accumulated
depreciation

Accounts payable $ 7,290 $ 7,290

Salary payable $ 310 (e) $ 310

$ 5,300 $ 4,500 (a) $ 800


Unearned service
revenue

Common stock $ 6,000 $ 6,000

Retained earnings $ 22,290 $ 22,290

Dividends $ 3,900 $ 3,900

Service revenue $ 17,100 $ 4,500 $ 21,600

Salary expense $ 2,860 $ 310 (e) $ 3,170

Rent expense $ 200 (b) $ 200


$ 250 (d) $ 250
Depreciation
expense

Supplies expense $ 770 (c) $ 770

Total $ 61,380 $ 61,380 $ 6,030 $ 6,030 $ 61,940 $ 61,940


ALPHA GRAPHICS CORP.
Work Sheet
October 31, 2007

Account Titles
Adjustments T/B Income Statement Balance Sheet

Dr. Cr. Dr. Cr. Dr. Cr.

Cash $ 4,900 $ 4,900

Accounts
$ 15,310 $ 15,310
receivable

Prepaid rent $ 2,000 $ 2,000

Supplies $ 70 $ 70

Equipment $ 31,370 31,370

$ 3,650 $ 3,650
Accumulated
depreciation

Accounts payable $ 7,290 $ 7,290

Salary payable $ 310 $ 310

$ 800 $ 800
Unearned service
revenue

Common stock $ 6,000 $ 6,000

Retained earnings $ 22,290 $ 22,290

Dividends $ 3,900 $ 3,900

Service revenue $ 21,600 $ 21,600

Salary expense $ 3,170 $ 3,170


Rent expense $ 200 $ 200

$ 250 $ 250
Depreciation
expense

Supplies expense $ 770 $ 770

Total $ 61,940 $ 61,940 $ 4,390 $ 21,600 $ 57,550 $ 40,340

Net Income $ 17,210 $ 17,210

$ 21,600 $ 21,600 $ 57,550 $ 57,550

ALPHA GRAPHICS CORP.


Income Statement
Month Ended October 31, 2007
Revenue:

Service Revenue $ 21,600


Expenses:

Salary Expense $ 3,170


Rent Expense $ 200

Depreciation Expense $ 250


Supplies Expense $ 770

Total Expense $ 4,390

Net Income $ 17,210


ALPHA GRAPHICS CORP.
Statement Retained Earnings
Month Ended October 31, 2007
Retained Earnings (Oct. 1st, 2007) $ 22,290

Add: Net Income $ 17,210

Less: Dividends ($ 3,900)

Retained Earnings (Oct. 31st, 2007) $ 35,600

ALPHA GRAPHICS CORP.


Balance Sheet
Month Ended October 31, 2007
Assets Liabilities

Cash $ 4,900 Accounts payable $ 7,290

Accounts Receivable $ 15,310 Salary payable $ 310

Prepaid rent $ 2,000 Unearned service revenue $ 800

Supplies $ 70 Stockholders’ Equity

Equipment $ 31,370 Common Stock $ 6,000

Accumulated depreciation ($ 3,650) Retained Earnings $ 35,600

Total $ 50,000 Total $ 50,000


ALPHA GRAPHICS CORP.
Journal Entry
Month Ended October 31, 2007
Page 10

Date Accounts and Explanation Debit Credit

a Unearned service revenue $ 4,500

Service revenue $ 4,500

b Rent expense $ 200

Prepaid rent $ 200

c Supplies expense $ 770

Supplies $ 770

d Depreciation expense $ 250

Accumulated depreciation $ 250

e Salary expense $ 310

Salary payable $ 310

Oct. 31 Service Revenue $ 21,600

Income Summary $ 21,600

Oct. 31 Income Summary $ 4,390

Salary Expense $ 3,170

Rent Expense $ 200

Depreciation Expense $ 250

Supplies Expense $ 770

Oct. 31 Income Summary

($21,600 - $4,390) $ 17,210

Retained Earnings $ 17,210

Oct. 31 Retained Earnings $ 3,900

Dividends $ 3,900
ALPHA GRAPHICS CORP.
Post-Closing Trial Balance
October 31, 2007

Account Titles
Balance Sheet

Debit Credit

Cash $ 4,900

Accounts receivable $ 15,310

Prepaid rent $ 2,000

Supplies $ 70

Equipment $ 31,370

Accumulated depreciation $ 3,650

Accounts payable $ 7,290

Salary payable $ 310

Unearned service revenue $ 800

Common stock $ 6,000

Retained earnings $ 35,600

Total $ 53,650 $ 53,650