CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
Account No. 11
Post.
Item Ref. Debit Credit Debit Credit
2014
July 1 Balance 93,920
14 1 1,200 10,420
16 2 2,000 12,420
21 2 620 11,800
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
2014
2 1 1,000 — —
Cash
Account:
Account: Accounts Receivable
Balance
Date
Date
Balance
4-101
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 15
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 17
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 18
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 21
Post.
Item Ref. Debit Credit Debit Credit
2014
Account: Office Equipment
Balance
Date
Account: Supplies
Balance
Date
Balance
Date
Account: Accumulated Depreciation—Office Equipment
Balance
Date
Account: Accounts Payable
Account: Prepaid Insurance
Balance
Date
4-102
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
Account No. 22
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 23
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 31
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 32
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 33
Post.
Item Ref. Debit Credit Debit Credit
2014
Account: Capital Stock
Balance
Date
Date
Balance
Unearned Revenue
Account:
Account: Wages Payable
Balance
Date
Account: Dividends
Balance
Date
Account: Retained Earnings
Balance
Date
4-103
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
Account No. 34
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 41
Post.
Item Ref. Debit Credit Debit Credit
2014
30 2 1,500 13,200
Account No. 50
Post.
Item Ref. Debit Credit Debit Credit
2014
July 1 Balance 9400
Account No. 51
Post.
Item Ref. Debit Credit Debit Credit
Account: Income Summary
Balance
Date
Date
Balance
Wages Expense
Account:
Account: Fees Earned
Balance
Date
Account: Office Rent Expense
Balance
Date
4-104
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
Account No. 52
Post.
Item Ref. Debit Credit Debit Credit
2012
Account No. 53
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 54
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 55
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 56
Post.
Item Ref. Debit Credit Debit Credit
2014
Balance
Date
Account: Equipment Rent Expense
Account: Music Expense
Balance
Date
Account: Utilities Expense
Balance
Date
Balance
Date
Account: Advertising Expense
Account: Supplies Expense
Balance
Date
4-105
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
Account No. 57
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 58
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 59
Post.
Item Ref. Debit Credit Debit Credit
Account: Insurance Expense
Balance
Date
Balance
Date
Account: Depreciation Expense
Balance
Date
Account: Miscellaneous Expense
4-106
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Concluded)
4.
Debit Credit
Balances Balances
Cash 9,945
Accumulated Depreciation—Office Equipment 50
Accounts Payable 8,350
Wages Payable 140
July 31, 2014
PS MUSIC
Post-Closing Trial Balance
4-107
1. and 2.
Page 5
Post.
Ref. Debit Credit
2014
9 Miscellaneous Expense 59 225
Cash 11 225
13 Accounts Payable 21 640
Cash 11 640
Date
COMPREHENSIVE PROBLEM 1
JOURNAL
4-108
CHAPTER 4 Completing the Accounting Cycle
Comp. Prob. 1 (Continued)
Page 6
Post.
Ref. Debit Credit
2014
27 Cash 11 9,520
Accounts Receivable 12 9,520
28 Salary Expense 51 750
Cash 11 750
30 Miscellaneous Expense 59 260
Cash 11 260
Cash 11 10,500
Date
JOURNAL
4-109
CHAPTER 4 Completing the Accounting Cycle
Comp. Prob. 1 (Continued)
2., 6., and 9.
Account No. 11
Post.
Item Ref. Debit Credit Debit Credit
2014
17 5 8,360 35,795
25 6 7,900 43,695
27 6 9,520 53,215
28 6 750 52,465
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
2014
Balance
Date
Date
Balance
Balance
Date
Account: Supplies
Cash
Account:
Account: Accounts Receivable
4-110
CHAPTER 4 Completing the Accounting Cycle
Comp. Prob. 1 (Continued)
Account No. 15
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 16
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 18
Post.
Item Ref. Debit Credit Debit Credit
2014
May 1 Balance 914,500
Account No. 19
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 21
Post.
Item Ref. Debit Credit Debit Credit
2014
May 1 Balance 9800
Account No. 22
Post.
Item Ref. Debit Credit Debit Credit
2014
May 1 Balance 9120
Account: Accounts Payable
Balance
Date
Account: Salaries Payable
Balance
Date
Account: Office Equipment
Balance
Date
Account: Accumulated Depreciation
Balance
Date
Balance
Date
Date
Balance
Prepaid Rent
Account:
Account: Prepaid Insurance
4-111
CHAPTER 4 Completing the Accounting Cycle
Comp. Prob. 1 (Continued)
Account No. 23
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 31
Post.
Item Ref. Debit Credit Debit Credit
2014
May 1 Balance 930,000
Account No. 32
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 33
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 34
Post.
Item Ref. Debit Credit Debit Credit
2014
Unearned Fees
Account:
Account: Retained Earnings
Account: Capital Stock
Date
Balance
Date
Date
Balance
Balance
Date
Account: Dividends
Balance
Account: Income Summary
Balance
Date
4-112
CHAPTER 4 Completing the Accounting Cycle
Comp. Prob. 1 (Continued)
Account No. 41
Post.
Item Ref. Debit Credit Debit Credit
2014
May 15 5 9,180 9,180
Account No. 51
Post.
Item Ref. Debit Credit Debit Credit
2014
May 16 5 630 630
Account No. 52
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 53
Post.
Item Ref. Debit Credit Debit Credit
2014
Date
Balance
Salary Expense
Account:
Account: Fees Earned
Balance
Date
Balance
Date
Account: Rent Expense
Balance
Date
Account: Supplies Expense
4-113