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PROBLEM 12.6A (continued)
28 3 8 6 00 28 3 8 6 00 1
50000 50 000 2
3 1 00 3 1 00 13
7 25 7 25 14
400000 40 0 000 15
1 0 0 00 1 0 0 00 16
32 7 0 0 00 14 1 1 0 00 32 7 0 0 00 17
336225 336225 28
312500 312500 29
100000 100000 30
16000 16000 31
20000 20000 32
CREDIT
BALANCE SHEET
DEBIT CREDIT DEBIT CREDIT DEBIT
ADJUSTED TRIAL BALANCE INCOME STATEMENT
PROBLEM 12.1B
POST.
REF.
1 2013 1
12 Seminar Fees Income 7500 00 12
13 13
14 31 (Adjustment d) 14
15 Insurance Expense 600000 15
16 Prepaid Insurance 6000 00 16
27 Payroll Taxes Expense 5 7 25 27
28 State Unemployment Taxes Payable 1 5 00 28
29 Federal Unemployment Taxes Payable 4 00 29
30 Medicare Taxes Payable 7 25 30
31 Social Security Taxes Payable 3 1 00 31
18
DATE DESCRIPTION DEBIT CREDIT
GENERAL JOURNAL PAGE
PROBLEM 12.1B (continued)
POST.
REF.
37 31 (Adjustment i) 37
Notes on calculations:
a.-b.
c.
d.
earned).
The balance of the Unearned Seminar Fees account will be $2,500 ($10,000 - $7,500
$10,000 cash received /4 seminars = $2,500/seminar.
$2,500/seminar × 3 seminars conducted = $7,500 earned.
$12,000/6 months in policy = $2,000/month.
Analyze:
Amounts given.
18
DATE DESCRIPTION DEBIT CREDIT
GENERAL JOURNAL PAGE
PROBLEM 12.2B
POST.
REF.
1 2013 1
1
DATE DESCRIPTION DEBIT CREDIT
GENERAL JOURNAL PAGE
PROBLEM 12.2B (continued)
POST.
REF.
1 1
12 30 Interest Expense 15400 12
13 Interest Payable 15400 13
14 14
15 30 Depreciation Expense—Office Equipment 24000 15
16 24000 16
GENERAL JOURNAL PAGE
Adjusting Entries
Accumulated Depreciation—Office Equipment
2
DATE DESCRIPTION DEBIT CREDIT
PROBLEM 12.3B
Cross Timbers Company
Partial Worksheet
9 900000
10 (f) 1 3 0 00
11 2025000
12 440000
23 (c) 6 2 5 00
24 (e) 7 5 00
25 (f) 1 3 0 00
Month Ended September 30, 2013
Notes Payable
Accounts Payable
Advertising Expense
Depreciation
Expense—Furniture
Depreciation
Expense—Equipment
Accumulated
Depreciation—Equipment
TRIAL BALANCE ADJUSTMENTS
Equipment
PROBLEM 12.3B (continued)
26 4 6 0 00 1
70500 2
3 5 00 13
15 0 0 0 00 14
673000 15
200000 16
700000 17
CREDIT DEBIT CREDIT DEBIT
ADJUSTED TRIAL BALANCE INCOME STATEMENT
CREDIT
BALANCE SHEET
DEBIT
PROBLEM 12.4B
Fun Depot
Worksheet
Year Ended December 31, 2013
25 Salaries Expense 164 2 0 0 00 (h) 8 0 0 0 00
26 Payroll Taxes Expense 15 2 0 0 00 (i) 6 1 2 00
27 (j) 4 9 6 00
28 Income Summary (a)138 0 0 0 00 (b)148 0 0 0 00
29 Supplies Expense (d) 8 6 4 0 00
30 Advertising Expense 600000 (e) 3 5 2 0 00
TRIAL BALANCE ADJUSTMENTS
PROBLEM 12.4B (continued)
26 4 0 0 00 26 4 0 0 00 1
22 7 0 0 00 22 7 0 0 00 2
148400 148400 13
6 4 00 6 4 00 14
43200 43200 15
800000 800000 16
112 2 5 0 00 112 2 5 0 00 17
138 0 0 0 00 148 0 0 0 00 138 0 0 0 00 148 0 0 0 00 28
864000 864000 29
952000 952000 30
576000 576000 31
144000 144000 32
ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
PROBLEM 12.4B (continued)
Fun Depot
Worksheet (Continued)
Year Ended December 31, 2013
4
5
ACCOUNT NAME
TRIAL BALANCE ADJUSTMENTS
DEBIT CREDIT DEBIT CREDIT
PROBLEM 12.4B (continued)
CREDIT
BALANCE SHEET
DEBIT CREDIT DEBIT CREDIT DEBIT
ADJUSTED TRIAL BALANCE INCOME STATEMENT
PROBLEM 12.5B
Whatnots
Worksheet
1 323500
2 691000
3 6 0 0 00 (c) 1 2 8 0 00
4 16 9 8 5 00 (b) 15 8 4 0 00 (a) 16 9 8 5 00
5 7 5 0 00 (d) 5 0 5 00
19 (i) 1 4 5 0 00
20 39 7 8 0 00
21 800000
22 236 5 6 0 00
23 600000
24 160 0 0 0 00
25 200000
26 18 0 0 0 00
27 240000
28 40 0 0 0 00 (i) 1 4 5 0 00
29 320000 (j) 11093
30 (k) 8 7 00
31 (a) 16 9 8 5 00 (b) 15 8 4 0 00
32 (d) 5 0 5 00
33 (e) 1 2 0 0 00
34 289 6 4 0 00 289 6 4 0 00 36 1 7 7 93 40 5 9 7 93
Merchandise Inventory
Supplies
TRIAL BALANCE ADJUSTMENTS
DEBIT CREDIT DEBIT CREDITACCOUNT NAME
Cash
Accounts Receivable
Allowance for Doubtful Accounts
Preston Allen, Drawing
Sales
Year Ended December 31, 2013
Income Summary
Supplies Expense
Insurance Expense
Totals Carried Forward
Telephone Expense
Salaries Expense
Payroll Taxes Expense
Salaries Payable
Preston Allen, Capital
Sales Returns and Allowances
Purchases
Purchases Returns and Allowance
Rent Expenses
PROBLEM 12.5B (continued)
323500 323500 1
691000 691000 2
60000 60000 13
9 0 00 9 0 00 14
8 9 90 8 9 90 15
2 1 03 2 1 03 16
1 4 50 1 4 50 17
41 4 5 0 00 41 4 5 0 00 28
339793 339793 29
30
16 9 8 5 00 15 8 4 0 00 16 9 8 5 00 15 8 4 0 00 31
50500 50500 32
CREDIT
BALANCE SHEET
DEBIT CREDIT DEBIT CREDIT DEBIT
ADJUSTED TRIAL BALANCE INCOME STATEMENT
PROBLEM 12.5B (continued)
ACCOUNT NAME
TRIAL BALANCE ADJUSTMENTS
DEBIT CREDIT DEBIT CREDIT
