服務(wù)型企業(yè)業(yè)務(wù)題答案.doc

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 Sep. 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 Received $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, $380 Sep. 30 Made additional cash investment in the business $2000 Additional information for adjustment at the end of the month: (a) Rent expense for September $1200(b) Insurance expense expired $1000 (c) Medical supplies used in November $750 (d) The accumulated depreciation for equipment $ 860(e) Accrued salary of the receptionist and assistant $2570(f) Accrued service revenue $3250 Required: Journalize 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$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. 5Prepaid the insurance premium for three month $3000PrepaidInsuranceCashSep. 9Performed services and immediately collected cash for the work8$3200cashService RevenueSep. 13Paid for the supplies purchased on Sep 3$320Accounts payableCashSep. 15 Purchased equipment on account $5800equipmentAccounts PayableSep. 16Performed services for Adam on account $850Accounts receivableService RevenueSep. 23 Completed professional work for Vat on credit, $6800Accounts receivable Service RevenueSep. 26 Received from Adam for the work completed on Nov.16.$850cashAccounts ReceivableSep. 28Friedman withdrew from the business 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$1200Rent expensePrepaid rent (b)Insurance expense expired $1000Insurance ExpensePrepaid Insurance (c)Medical supplies used in November $750Supplies expenseSupplies (d)The accumulated depreciation for equipment $ 860DepreciationExpense Accumulated depreciation (e)(g) Accrued salary of the receptionist and assistant $2570Salaries expenseSalaries Payable (f) Accrued service revenue $3250Accounts receivableService RevenueClo. (a) 14100 ServicerevenueRetained earnings (b) 1200Retained EarningsRent expense2570Retained EarningsSalaries expense1000Retained EarningsInsuranceExpense750Retained earningsSuppliesExpense860Retained earningsDepreciationExpense380Retained earningsUtilitiesExpense (c) (d)General Ledger Cash 11 Capital 3150000320085020004461054072003000320380100250050000 300025000200077400 Accounts Receivable 12 Withdrawal 32680085032501050085010025002600 Supplies 13 Service Revenue 413000540320311075032008503250680014100 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 5432032058005800860860Salaries Payable 22 Utilities Expense 56 25702570380380 The Income Summary 141001200257010007508603807340Work SheetAccount TitleTrial BalanceAdjustmentsIncome StatementBalance SheetDebitCreditDebitCreditDebitCreditDebitCreditCash4461044610Accounts Receivable6800325010050Prepaid Rent720012006000Prepaid Insurance300010002000Supplies38607503110Equipment3080030800Accumulated Depreciation860860Accounts Payable58005800Salaries Payable 25702570Capital7740077400Withdrawals26002600Service Revenue1085032501410014100Rent Expense120012001200Salaries Expense257025702570Insurance Expense100010001000Supplies Expenses750750750Depreciation Expense860860860Utilities Expense380380380Total 966509665096309630676014100103330103330Net Income7340 Friedman The Income Statement For the month of September Revenue: Service revenue14100Expense:Salary expense2570Depreciation expense860Rent expense1200Insurance expense1000Supplies expense750Utilities expense380net income7340 Friedman The Statement of Owners Equity For the month of September Retained earnings,september1,0Add:Net income7340Retained earnings,septembe30,7340 Friedman The Balance Sheet November 30 Assets:Cash Less withdrawl44610(2600)Account