4-2A

debit credit
1-Apr cash 20000
computer equipment 40000
capital 60000
2 rent expense 1700
cash 1700
3 office supplies 1100
cash 1100
10 prepaid insurance 3600
cash 3600
14 salaries expense 1800
cash 1800
24 cash 7900
commissions earned 7900
28 salaries expense 1800
cash 1800
29 repair expense 250
cash 250
30 telephone expense 650
cash 650
30 withdrawals 1500
cash 1500

4
a insurance expense 200
prepaid insurance 200
b office supplies expense 400
office supplies 400
c depreciation expense 600
accumulated deprecition-comp equip 600
d salaries expense 320
salary payable 320
e account receivable 1650
commissions earned 1650

5, CLOSING
commissions earned 9550
income summary 9550
income summary 7720
depreciation expense_comp.equip 600
 salaries expense 3920

insurance expense 200

rent expense 1700

ofice supplies expense 400

repairs expense 250

telephone expense 650

INCOME SUMMARY 1830

CAPITAL 1830
CAPITAL 1500
withdrawals 1500

4-2B
debit credit
1-Jul cash 20000
building 120000
capital 140000
2 rent expense 1800
cash 1800
5 office supplies 2300
cash 2300
10 prepaid insurance 5400
cash 5400
14 salary expense 900
 cash 900 SUM
24 cash 8800 Balance
storage fees earned 8800
28 salary expense 900 Unad
cash 900
29 repairs expense 850 cash
cash 850
30 telephone expense 300
cash 300 accounts receivable
31 withdrawals 1600
cash 1600
office supplies

Cau 4
a insurance expense 300 prepaid insurance
prepaid insurance 300
b office supplies expense 1100
office supplies 1100 building
c depreciation expense-building 1200
accumulated depreciation-building 1200
d salary expense 180 accumulated depreciation-bui
salary payable 180
e accounts receivable 950
storage fees earned 950 salaries payable

Closing
storage fees earned 9750 capital
income summary 9750
income summary 7530
depreciation expense-building 1200 withdrawals

salaries expense 1980 storage fees earned

insurance expense 300 depreciation expense-building

rent expense 1800 salaries expense

ofice supplies expense

1100 insurance expense

repairs expense
850 rent expense
 telephone expense
300 ofice supplies expense
INCOME SUMMARY 2220
CAPITAL 2220
CAPITAL 1600 repairs expense
withdrawals 1600

telephone expense

income summary
 cash accounts receivable
debit credit debit credit
20000 1650
1700
1100
3600
1800
7900
1800
250
650
1500

SUM 27900 12400 0 1650 0 0

BALANCE 15500 1650

3. UNADJUSTED TB ADJUSTED TB 7.POST CLOSING TB

debit credit debit credit
cash 15500 15500 15500

accounts receivable 1650 1650

office supplies 1100 700 700

prepaid insurance 3600 3400 3400

computer equipment 40000 40000 40000

accumulated depreciation-comp. equip 600

salaries payable 320

capital 60000 60000

withdrawals 1500 1500

commissions earned 7900 9550

depreciation expense_comp.equip 600

salaries expense 3600 3920

insurance expense 200

rent expense 1700 1700

ofice supplies expense 400

repairs expense 250 250

telephone expense 650 650

income summary

67900 67900 70470 70470 61250

cash accounts receivable office supplies

debit credit debit credit debit
20000 950 2300
1800
2300
5400
900
8800
900
850
300
1600
 28800 14050 0 950 0 0 2300
14750 950 1200

Unadjusted trial balance Adjusted trial balance post closing

debit credit debit credit debit credit
14750 14750 14750

accounts receivable 950 950

office supplies 2300 1200 1200

prepaid insurance 5400 5100 5100

120000 120000 120000

accumulated depreciation-building 1200 1200

salaries payable 180 180

140000 140000 140620

withdrawals 1600 1600

storage fees earned 8800 9750

depreciation expense-building 1200

salaries expense 1800 1980

insurance expense 300

rent expense 1800 1800

ofice supplies expense 1100

repairs expense 850 850

telephone expense 300 300

income summary

148800 148800 151130 151130 142000 142000

 office supplies prepaid insurance computer equipment
debit credit debit credit debit credit
1100 3600 40000
400 200

1100 400 0 3600 200 0 40000 0 0

700 3400 40000

7.POST CLOSING TB 4 INCOME STATEMENT

REVENUE
commissions earned 9550

EXPENSES:
depreciation expense_comp 600

salaries expense 3920

insurance expense 200

rent expense 1700

600 ofice supplies expense 400

repairs expense 250

320

60330 telephone expense 650

TOTAL EXPENSES 7720
NET INNCOME 1830
 STATEMENT OF OWNER'S EQUITY

capital 60000
NET INCOME 1830

withdrawals 1500
OWNER'S EQUITY

61250

office supplies prepaid insurance building accumulated depreciation-buil

credit debit credit debit credit debit
5400 120000
1100 300
1100 0 5400 300 0 120000 0 0 0
5100 120000

INCOME STATEMENT
REVENUE ASSETS:
storage fees earned 9750 cash

EXPENSES:
depreciation expense- 1200 accounts receivable

salaries expense 1980 office supplies

insurance expense 300 prepaid insurance

rent expense 1800 building

ofice supplies expense 1100 accumulated depreciation-buil

LIABILITIES AND EQUITY

repairs expense 850 salaries payable
OWNER'S EQUITY

telephone expense 300

TOTAL EXPENSES 7530
NET INNCOME 2220

STATEMENT OF OWNER'S EQUITY

capital 140000
NET INCOME 2220
withdrawals 1600
OWNER'S EQUITY 140620
accumulated depreciation-comp. equip salaries payable capital
debit credit debit credit debit credit
600 320 60000
1500
1830

0 600 0 0 320 0 1500 61830

600 320 60330

BALANCE SHEET
ASSETS:
cash 15500

accounts receivable 1650

office supplies 700

prepaid insurance 3400

computer equipment 40000

accumulated depreciation-comp. equip 600

TOTAL ASSETS 60650
LIABILITIES AND EQUITY
salaries payable 320
OWNER'S EQUITY 60330
TOTAL LIABILITIES AND EQUITY 60650
NER'S EQUITY

60330

accumulated depreciation-building salaries payable capital

credit debit credit debit credit
1200 180 140000
 1200 0 0 180 0 0 140000 0
1200 180 140000

BALANCE SHEET

14750

accounts receivable 950

office supplies 1200

prepaid insurance 5100

120000

accumulated depreciation-building 1200

TOTAL ASSETS 140800
LIABILITIES AND EQUITY
salaries payable 180
OWNER'S EQUITY 140620
TOTAL LIABILITIES AND EQUITY 140800
 withdrawals commissions earned depreciation expense_comp.equi
debit credit debit credit debit credit
1500 7900 600
1500 1650 600
9550

0 1500 1500 0 9550 9550 0 600 600 0

0 0 0
withdrawals storage fees earned depreciation expense-building salaries expense
debit credit debit credit debit credit debit
1600 8800 1200 900
950 900
180
1600 0 0 0 9750 0 1200 0 0 1980
1600 9750 1200 1980
salaries expense insurance expense rent expense ofice supplies expense
debit credit debit credit debit credit debit
1800 200 1700 400
1800 200 1700
320
3920

3920 3920 0 200 200 0 1700 1700 0 400

0 0 0 0
salaries expense insurance expense rent expense office supplies expense
credit debit credit debit credit debit credit
300 1800 1100
0 0 300 0 0 1800 0 0 1100 0
300 1800 1100
ofice supplies expense repairs expense telephone expense income summary
credit debit credit debit credit debit credit
250 650 9550
400 250 650 7720
1830

400 0 250 250 0 650 650 0 9550 9550

0 0 0
plies expense repairs expense telephone expense income summary
debit credit debit credit debit credit
850 300
0 850 0 0 300 0 0 0 0
850 300