服務型企業(yè)業(yè)務題答案

1、Sep. 1 Friedman began a business by investing $50000 in cash, $3000 in supplies and $25000 in equipment Sep. 1 Bought supplies for cash, $540 Sep.2 Prepaid the rent for six month, $7200 Sep. 3 Purchased additional supplies on credit, $320 Sep. 5 Prepaid the insurance premium for three month $3000 Se

2、p. 9 Performed services and immediately collected $3200 cash for the work.Sep. 13 Paid for the supplies purchased on September 3 Sep. 15 Purchased equipment on account $5800Sep. 16 Performed services for Adam on account $850 Sep. 23 Completed professional work for Vat on credit, $6800 Sep. 26 Receiv

3、ed $850 from Adam for the work completed on Nov.16. Sep. 28 Friedman withdrew $100 from the business to pay his home utility bill Sep. 29 Withdrew $2500 for personal use Sep. 30 Paid the September telephone bill of the office, $380Sep. 30 Made additional cash investment in the business $2000Addition

4、al information for adjustment at the end of the month: Rent expense for September $1200Insurance expense expired $1000Medical supplies used in November $750 The accumulated depreciation for equipment $ 860Accrued salary of the receptionist and assistant $2570Accrued service revenue $3250 Required: J

5、ournalize the transactions; Post the journal entries to the ledger accounts; Complete the work sheet. Prepare the financial statements. Make the journal entry and post them to the ledger. Close the accounts. General Journal Page 1 DateAccounts and ExplanationP.R.DebitCreditStep1investing in cash and

6、$50000CashCapitalStep1 investing in supplies$3000SuppliesCapitalStep1investing in equipment$25000equipmentCapitalStep1Bought supplies for cash, $540suppliesCashSep.2Prepaid the rent for six month, $7200Prepaid rentCashSep. 3Purchased additional supplies on credit,$320suppliesAccounts PayableSep. 5Pr

7、epaid the insurance premium for three month $3000PrepaidInsuranceCashSep. 9Performed services and immediately collected cash for the work8$3200cashServiceRevenueSep. 13Paid for the supplies purchased on Sep 3$320Accounts payableCashSep. 15 Purchased equipment on account $5800equipmentAccountsPayable

8、Sep. 16Performed services for Adam on account $850Accounts receivableServiceRevenueSep. 23 Completed professional work for Vat on credit, $6800Accounts receivableServiceRevenueSep. 26 Received from Adam for the work completed on Nov.16.$850cashAccounts ReceivableSep. 28Friedman withdrew from the bus

9、iness to pay his home utility bill$100capitalWithdrawlSep. 29Withdrew for personal use$2500capitalWithdrawlSep. 30Paid the September telephone bill of the office, $380Utilities expenseCashSep. 30Made additional cash investment in the business $2000cashCapitalAdjusting(a) Rent expense for September$1

10、200Rent expensePrepaid rent (b)Insurance expense expired $1000Insurance ExpensePrepaidInsurance (c)Medical supplies used in November $750Supplies expenseSupplies (d)The accumulated depreciation for equipment $ 860DepreciationExpenseAccumulated depreciation (e)Accrued salary of the receptionist and a

11、ssistant $2570Salaries expenseSalaries Payable (f) Accrued service revenue $3250Accounts receivableService RevenueClo. (a) 14100ServicerevenueRetained earnings (b) 1200Retained EarningsRent expense2570Retained EarningsSalaries expense1000Retained EarningsInsuranceExpense750Retained earningsSuppliesE

12、xpense860Retained earningsDepreciationExpense380Retained earningsUtilitiesExpense (c) (d)General Ledger Cash 11 Capital 3150000320085020004461054072003000320380100250050000300025000200077400 Accounts Receivable 12 Withdrawal 32680085032501050085010025002600 Supplies 13 Service Revenue 41300054032031

13、1075032008503250680014100 Equipment 14 Rent Expense 512500058003080012001200 Accumulated Depreciation 15 Salaries Expense 5286086025702570 Prepaid Rent 16 Insurance Expense 5372006000120010001000 Prepaid Insurance 17 Supplies Expense 54300020001000750750 Accounts Payable 21 Depreciation Expense 5432

14、032058005800860860Salaries Payable 22 Utilities Expense 56 25702570380380 The Income Summary 141001200257010007508603807340Work SheetAccount TitleTrial BalanceAdjustmentsIncome StatementBalance SheetDebitCreditDebitCreditDebitCreditDebitCreditCash4461044610Accounts Receivable6800325010050Prepaid Ren

15、t720012006000Prepaid Insurance300010002000Supplies38607503110Equipment3080030800Accumulated Depreciation860860Accounts Payable58005800Salaries Payable 25702570Capital7740077400Withdrawals26002600Service Revenue1085032501410014100Rent Expense120012001200Salaries Expense257025702570Insurance Expense10

16、0010001000Supplies Expenses750750750Depreciation Expense860860860Utilities Expense380380380Total 966509665096309630676014100103330103330Net Income7340FriedmanThe Income Statement For the month of SeptemberRevenue:Service revenue14100Expense:Salary expense2570Depreciation expense860Rent expense1200In

17、surance expense1000Supplies expense750Utilities expense380net income7340Friedman The Statement of Owners Equity For the month of September Retained earnings,september1,0Add:Net income7340Retained earnings,septembe30,7340Friedman The Balance Sheet November 30 Assets:CashLess withdrawl44610(2600)Accounts