Masoud Johnson a) supplies cash 3,880 3,880 945+ 3,880=980 3,845 amount of supplies uesd during the year

supplies expense supplies 3,845 3,845

b)

c)

d)

Cleaning supplies expense 945 3,845 3,880 980

Cleaning supplies 3,880 3,845 980 945

Masoud Johnson Insurance Cash Paid for a one year insurance policy b) 9,900 9,900

9,900/12x6=4950 unexpired insurance= 9,900-4,950=4,950

c)

Perpaid insurance Insurance 9,900/12=825

4,950 4,950

d)

Masoud Johnson Unearned revenue Fees earned Insurance colected b) 1500/12=125x4=500 1,500 1,500

c)

Unearned revenue Fees earned

500 500

Fees earned 1,500

unearned revenue 1,500

Fees eaned 500

unearned revenue expense 500

Masoud johnson a) Delivery truck cash 40,000 40,000

b)

Amoritization expense truck Accumulated amrotization truck 40,000/5 =8,000 Truck less amortization 40,000 8,000 32,000

8,000 8,000

c)

Masoud Johnson Nov 2 2010 It will need to prepare an adjusting entry becasue it will have unearned revinew to recorde b/c of its sales invoice and the Zieborg has not yet recived the money from Crispy Unearned revenue Fees earned 375 375

Fiscal year for Zieborge ends on November 30? Yes becasue (not recorded journal enrrty on Decmeber 1st.) becasue all entries must be posted in the journal Cash Fees earned 375 375

es invoice and the

Masoud Johnson Salaires payable Salaries expense Sallaries paid Salaries expense Salaries payable 5,000 5,000

5,000 5,000

Salaries payable Salaries expense

5,000 5,000

Masoud Johnson Truck Notes payable Cash purchased a truck Intreset expense acumulated intrest intreset for the truck in transsaction 1 40,000 22,000 18,000

40,000-18,000=22,000x6%=1320

1320 1320

Accumulated intrest Notes payable Cash repayment of notes pay. And intrest

6,600 22,000 18,000

Masoud Johnson Winterholt Adjusted trial balance September 30,2008 Dr Cash BS Accounts recivable BS Equipment Bs Accounts payable BS C.WinterholtCapital OE C.Winterholt drawings OE Intrest payable BS Note payable BS Service revenue IS Unearned service revenue Is Accumulated amortization-equpiment Insurance expense IS Rent expense IS Intrest expense IS Prepaid insurance IS 1,100 7,230 27,900 2,570 15,450 21,000 125 10,000 48,950 840 6,200 1,560 20,965 500 780 83,605 CR

IS

81,565

General journal

Dr Supplies Supplies expense amomunt of supplieson hand cost allocated for month Interest expense Interest payable the three months is not relavent allocating cost for intrest Notes payable is to be paid in three months Insurance prepaid Insurance expense insurance paid for 4 months Graphic Fees earned Unearned fees revenue not yet collected Amortization expense-Equpiment Accumulated amortization -equipement six month of amortization of equipment 46,500/12/6cause half of year Utilties expense Accounts payable Amount of utilities owed at month's end Rent prepaid Rent expense In Janauray rent of 565 was paid for December 585.00

Cr 585.00

200.00 200.00

1,295.00 1,295.00

1,600.00 1,600.00

1,550.00 1,550.00

225.00 225.00

565.00 565.00

Expenes was allocated finding what was prepaided when expense given find what is left over

Royal Graphics Company Adjusted Trial Balance December 31,2008 Dr Cash Acc. Recivable Equipment Acc. Payable Note Payable J. Bejar, capital J. Bejar, drawing Graphics Fees earned Insurance expense Rent expense Salaries expesne Supplies expense Utilites expense Intrest expense Amortization expense-Equpiment Supplies Interest payable Insurance prepaid Unearned fees Accumulated amortization -equipement Rent prepaid $7,250 7,450 46,500 11,225 20,000 34,625 17,400 60,800 925 3,390 38,280 2,645 1,965 200 $1,550 585 200 1,295 1,600 1,550 565 $130,000 NEED TO TAKE IN ACCOUNT THE NEW ACCOUNTS USED ALSO!!!!!! 130,000 Cr

Royal Graphics Company Income statment December 31,2008

Revenue Fees earned Expenses Insurance expense Rent expense Salaries expesne Supplies expense Utilites expense Intrest expense Amortization expense-Equpiment Total expenses Net income

$ 60,800.00

no$ no$ no$ no$ no$ no$

$ 925.00 $ 3,390.00 $ 38,280.00 $ 2,645.00 $ 1,965.00 $ 200.00 $ 1,550.00 no$

$ 48,955.00 $ 11,845.00

Royal Graphics Company Statment of owners equity December 31,2008 Royal Graphics Company capital July 1,2008 Add: Investments Net Income Less: Drawings Royal Graphics Company capital Decmber 31 $0 34,625 11,845 46,470 $ 17,400.00 $ 29,070.00