BYP I-1 (Continued)
Notes Receivable No. 115
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
Balance
39,000
Inventory No. 120
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
31
31
31
8
31
9
18
Balance
P1
S1
CR1
CP1
CP1
G1
G1
62,500
310
240
12,060
33,120
1,110
200
18,000
80,500
68,440
35,320
35,630
34,520
34,760
34,560
Supplies No. 125
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
31
31
Balance
CP1
G1
600
700
1,000
1,600
900
Prepaid Insurance No. 130
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
31
Balance
G1
250
2,000
1,750
Equipment No. 157
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
Balance
6,450
BYP I-1 (Continued)
Accumulated Depreciation—Equipment No. 158
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
31
Balance
G1
125
1,500
1,625
Notes Payable No. 200
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 21
G1
15,000
15,000
Accounts Payable No. 201
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
31
31
18
21
Balance
P1
CP1
G1
G1
52,000
200
15,000
62,500
35,000
97,500
45,500
45,300
30,300
Interest Payable No. 230
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
G1
50
50
Common Stock No. 311
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
Balance
70,000
Retained Earnings No. 320
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
31
31
Balance
G1
G1
800
20,395
8,700
29,095
28,295
Cash Dividends No. 332
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 15
31
CP1
G1
800
800
800
0
BYP I-1 (Continued)
Income Summary No. 350
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
31
31
G1
G1
G1
54,905
20,395
75,300
75,300
20,395
0
Sales Revenue No. 401
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
31
31
S1
CR1
G1
75,300
20,100
55,200
20,100
75,300
0
Sales Returns and Allowances No. 412
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 9
31
G1
G1
400
400
400
0
Sales Discounts No. 414
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
31
CR1
G1
90
90
90
0
Cost of Goods Sold No. 505
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
31
9
31
S1
CR1
G1
G1
12,060
33,120
240
44,940
12,060
45,180
44,940
0
BYP I-1 (Continued)
Salaries and Wages Expense No. 627
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
31
CP1
G1
7,500
7,500
7,500
0
Depreciation Expense No. 711
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
31
G1
G1
125
125
125
0
Interest Expense No. 718
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
31
G1
G1
50
50
50
0
Insurance Expense No. 722
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
31
G1
G1
250
250
250
0
Supplies Expense No. 728
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 31
31
G1
G1
700
700
700
0
BYP I-1 (Continued)
Rent Expense No. 729
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 12
31
CP1
G1
850
850
850
0
Accounts Receivable Subsidiary Ledger
C. Dunlap
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
11
22
Balance
S1
S1
1,600
1,300
1,500
3,100
4,400
J. Fieber
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 3
9
13
25
S1
G1
CR1
S1
1,800
6,100
400
1,400
1,800
1,400
0
6,100
S. Grady
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
7
25
Balance
CR1
S1
3,500
2,000
7,500
5,500
9,000
A. Naker
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
7
11
21
Balance
CR1
S1
CR1
900
4,000
900
4,000
0
900
0
BYP I-1 (Continued)
K. Rai
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 3
13
22
S1
CR1
S1
2,200
2,700
2,200
2,200
0
2,700
Accounts Payable Subsidiary Ledger
W. Lachey
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 5
27
P1
P1
2,700
1,200
2,700
3,900
T. Joosten
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
9
16
18
23
Balance
CP1
P1
G1
CP1
9,000
200
14,000
14,200
9,000
0
14,200
14,000
0
A. Mangrich
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
21
Balance
G1
15,000
15,000
0
I. Maida
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 1
9
16
23
27
Balance
CP1
P1
CP1
P1
11,000
18,000
18,000
14,500
11,000
0
18,000
0
14,500
BYP I-1 (Continued)
D. Vang
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 5
16
27
P1
P1
P1
5,000
1,500
5,400
5,000
6,500
11,900
BYP I-1 (Continued)
I-88 Copyright © 2014 John Wiley & Sons, Inc. Weygandt, Financial Accounting, 9/e, Solutions Manual (For Instructor Use Only)
(c) BRYANT COMPANY
Worksheet
For the Month Ended January 31, 2014
Trial Balance
Adjustments
Adjusted
Trial Balance
Income
Statement
Balance Sheet
Account Titles
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
Accounts Receivable
Notes Receivable
Inventory
Supplies
Prepaid Insurance
Equipment
Accum. Depreciation—Equipment
Notes Payable
Accounts Payable
Interest Payable
Common Stock
Retained Earnings
Cash Dividends
Sales
Sales Returns and Allowances
Sales Discounts
Cost of Goods Sold
Salaries and Wages Expense
Rent Expense
Totals
Supplies Expense
Insurance Expense
Depreciation Expense
Interest Expense
Totals
Net Income
Totals
40,410
22,200
39,000
34,560
1,600
2,000
6,450
800
400
90
44,940
7,500
850
200,800
1,500
15,000
30,300
70,000
8,700
75,300
200,800
(1) 700
(2) 250
(3) 125
(4) 50
1,125
(1) 700
(2) 250
(3) 125
(4) 50
1,125
40,410
22,200
39,000
34,560
900
1,750
6,450
800
400
90
44,940
7,500
850
700
250
125
50
200,975
1,625
15,000
30,300
50
70,000
8,700
75,300
200,975
400
90
44,940
7,500
850
700
250
125
50
54,905
20,395
75,300
75,300
75,300
75,300
40,410
22,200
39,000
34,560
900
1,750
6,450
800
146,070
146,070
1,625
15,000
30,300
50
70,000
8,700
125,675
20,395
146,070