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    Problem 3-5B: Instructions

    Uploaded by

    Nicholas Soesilo
    The document provides a trial balance for Reece Financial Services Co. with account balances as of July 31, 2014. It includes assets, liabilities, equity, revenue and expense accounts. The trial balance balances to $420,300 on both the debit and credit sides.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Problem 3-5B: Instructions

    Uploaded by

    Nicholas Soesilo
    9 views3 pages
    The document provides a trial balance for Reece Financial Services Co. with account balances as of July 31, 2014. It includes assets, liabilities, equity, revenue and expense accounts. The trial balance balances to $420,300 on both the debit and credit sides.

    Original Description:

    Akutansi Dasar

    Original Title

    03-5B_25e

    Copyright

    © © All Rights Reserved

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    The document provides a trial balance for Reece Financial Services Co. with account balances as of July 31, 2014. It includes assets, liabilities, equity, revenue and expense accounts. The trial balance balances to $420,300 on both the debit and credit sides.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    9 views3 pages

    Problem 3-5B: Instructions

    Uploaded by

    Nicholas Soesilo
    The document provides a trial balance for Reece Financial Services Co. with account balances as of July 31, 2014. It includes assets, liabilities, equity, revenue and expense accounts. The trial balance balances to $420,300 on both the debit and credit sides.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 3

    Problem 3-5B

    Name: Nicholas Soesilo


    Section: 143221039

    Score: 95%

    Key Code: 2
    Instructions
    Answers are entered in the cells with gray backgrounds.
    Cells with non-gray backgrounds are protected and cannot be edited.
    An asterisk (*) will appear to the right of an incorrect entry.
    For correct grading in the trial balance, enter a zero in cells you would otherwise leave blank.

    1. Account Debit Credit


    a. Depreciation Expense - Building 6,400
    Accumulated Depreciation - Building 6,400

    b. Depreciation Expense - Equipment 2,800


    Accumulated Depreciation - Equipment 2,800

    c. Salaries and Wages Expense 900


    Salaries and Wages Payable 900

    d. Insurance Expense 4,500


    Prepaid Insurance 4,500

    e. Accounts Receivable 10,200


    Fees Earned 10,200

    f. Supplies Expense 1,110


    Supplies 1,110

    g. Unearned Rent 3,300


    Rent Revenue 3,300

    2. REECE FINANCIAL SERVICES CO.


    Adjusted Trial Balance
    July 31, 2014
    Debit Balances Credit Balances
    Cash 10,200 -
    Accounts Receivable 44,950 -
    Prepaid Insurance 1,500 -
    Supplies 615 -
    Land 50,000 -
    Building 155,750 -
    Accumulated Depreciation - Building - 69,250
    Equipment 45,000 -
    Accumulated Depreciation - Equipment - 20,450
    Accounts Payable - 3,750
    Unearned Rent - 300
    Salaries and Wages Payable - 900
    Joni Reece, Capital - 153,550
    Joni Reece, Drawing 8,000 -
    Fees Earned - 168,800
    Rent Revenue - 3,300
    Salaries and Wages Expense 57,750 -
    Utilities Expense 14,100 -
    Advertising Expense 7,500 -
    Repairs Expense 6,100 * -
    Depreciation Expense - Building 6,400 * -
    Depreciation Expense - Equipment 2,800 * -
    Insurance Expense 4,500 * -
    Supplies Expense 1,110 -
    Miscellaneous Expense 4,025 -
    420,300 420,300

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