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Problem 4 2a

The document contains journal entries and T-accounts for various accounts tracking transactions throughout July. It includes unadjusted and adjusted trial balances, an income statement, statement of equity, and balance sheet to summarize the company's financial activities for the period. Adjustments were made to various accounts to balance the unadjusted trial balance before presenting the final financial statements.

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HCM Nguyen Do Huy Hoang
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128 views12 pages

Problem 4 2a

The document contains journal entries and T-accounts for various accounts tracking transactions throughout July. It includes unadjusted and adjusted trial balances, an income statement, statement of equity, and balance sheet to summarize the company's financial activities for the period. Adjustments were made to various accounts to balance the unadjusted trial balance before presenting the final financial statements.

Uploaded by

HCM Nguyen Do Huy Hoang
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Journal entries

Date
1-Jul

10

14

24

28

29

30

31

Adjustment
a

d
e
Journal entries
Debit Credit

Adjustment
Cash Commissions Earned
Accounts Receivable Depreciation Expense — Computer Equip
Office Supplies Salaries Expense
Prepaid Insurance Insurance Expense
Buildings Rent Expense
Accumulated Depreciation — Computer Equip. Office Supplies Expense
Salaries Payable Repairs Expense
J. Stafford, Capital Telephone Expense
J. Stafford, Withdrawals Income Summary

T account
Asset
Cash

Accounts Receivable

Office Supplies

Prepaid Insurance

Buildings
Accumulated Depreciation—Buildings

Unadjusted trial balance


Debit
Cash
Accounts Receivable
Office Supplies
Prepaid Insurance
Buildings
Accumulated Depreciation—Buildings
Salaries Payable
Mr.Chau, Capital
Mr.Chau, Withdrawals
Storage Fees Earned
Depreciation Expense—Buildings
Salaries Expense
Insurance Expense
Rent Expense
Office Supplies Expense
Repairs Expense
Telephone Expense

Total
puter Equip

T account
Liabilities Equity
Salaries Payable Mr.Chau, Capital

Mr.Chau, Withdrawals

Storage Fees Earned

Depreciation Expense—Buildings

Salaries Expense

Insurance Expense

Rent Expense

Office Supplies Expense


Repairs Expense

Telephone Expense

Adjustment
Credit Debit Credit
Equity
.Chau, Capital
0

hau, Withdrawals

age Fees Earned

on Expense—Buildings

laries Expense

urance Expense

Rent Expense

Supplies Expense
pairs Expense

ephone Expense

Adjusted trial balance Income statement


Debit Credit revenue

Expenses

Net income
Statement of Mr.Chau equity Balance sheet
Mr.Chau, Capital Asset
"+net income" Cash
"-withdraw" Accounts Receivable
Office Supplies
Mr.Chau, Capital Prepaid Insurance
Buildings
"less Accumulated Depreciation—Buildings "

Total asset
Balance sheet
Liabilites
Salaries Payable

Equity
Mr.Chau, Capital

Total liabilities and Equity

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