CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
Account No. 11
Post.
Item Ref. Debit Credit Debit Credit
2014
13 1 700 11,620
14 1 1,200 10,420
16 2 2,000 12,420
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
2014
July 1 Balance 91,000
2 1 1,000 — —
Balance
Date
Date
Balance
Cash
Account:
Account: Accounts Receivable
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: Prepaid Insurance
Balance
Date
Balance
Date
Account: Accumulated Depreciation—Office Equipment
Balance
Date
Account: Accounts Payable
Account: Supplies
Balance
Date
Account: Office Equipment
Balance
Date
4-102
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
Account No. 22
Post.
Item Ref. Debit Credit Debit Credit
Account No. 23
Post.
Item Ref. Debit Credit Debit Credit
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
Account: Income Summary
Balance
Date
Account: Peyton Smith, Capital
Balance
Date
Account: Peyton Smith, Drawing
Balance
Date
Account: Wages Payable
Balance
Date
Date
Balance
Unearned Revenue
Account:
4-103
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
Account No. 41
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 50
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 51
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 52
Post.
Item Ref. Debit Credit Debit Credit
2012
Balance
Date
Account: Office Rent Expense
Balance
Date
Account: Equipment Rent Expense
Account: Fees Earned
Balance
Date
Date
Balance
Wages Expense
Account:
4-104
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Continued)
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: Advertising Expense
Balance
Date
Account: Utilities Expense
Balance
Date
Account: Music 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: Depreciation Expense
Balance
Date
Account: Insurance Expense
Balance
Date
4-106
CHAPTER 4 Completing the Accounting Cycle
Continuing Problem (Concluded)
4.
Debit Credit
Balances Balances
Cash 9,945
Accounts Receivable 4,150
July 31, 2014
PS MUSIC
Post-Closing Trial Balance
4-107
1. and 2.
Page 5
Post.
Ref. Debit Credit
2014
May 3 Cash 11 4,500
Unearned Fees 23 4,500
Date
COMPREHENSIVE PROBLEM 1
JOURNAL
4-108
CHAPTER 4 Completing the Accounting Cycle
Comp. Prob. 1 (Continued)
Page 6
Post.
Ref. Debit Credit
2014
May 20 Supplies 14 735
Accounts Payable 21 735
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
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
2014
May 1 Balance 93,400
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
2014
May 1 Balance 91,350
20 6 735 2,085
Cash
Account:
Account: Accounts Receivable
Balance
Date
Date
Balance
Balance
Date
Account: Supplies
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. 18
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 19
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 21
Post.
Item Ref. Debit Credit Debit Credit
Account No. 22
Post.
Item Ref. Debit Credit Debit Credit
2014
Prepaid Rent
Account:
Date
Balance
Account: Accumulated Depreciation
Balance
Date
Account: Office Equipment
Balance
Date
Account: Salaries Payable
Balance
Date
Account: Accounts Payable
Balance
Date
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
Account No. 32
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 33
Post.
Item Ref. Debit Credit Debit Credit
Account: Income Summary
Balance
Date
Balance
Date
Date
Balance
Balance
Date
Account: Kelly Pitney, Drawing
Unearned Fees
Account:
Account: Kelly Pitney, Capital
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
Balance
Date
Account: Rent Expense
Balance
Date
Account: Supplies Expense
Account: Fees Earned
Balance
Date
Date
Balance
Salary Expense
Account:
4-113