PROBLEM 7B-2
PAYROLL REGISTER
Earnings
OASDI
Taxable
FUTA/SUTA
72
55
7
0
6
3
Current
Earnings
(YTD)
00
00
0
0
5
5
Current Earnings
Gross
00
00
1
8
8
7
Overtime
00
00
8
2
4
4
1
1
Salary
58
85
9
8
1
1
Prior
Earnings
(YTD)
70
60
3
0
8
8
Allowance
and Marital
Status
Employee
Name
Dunn, H.
Howell, K.
0
7-15
PROBLEM 7B-3
PAYROLL REGISTER
AUGUST 8, 201X
00
0
Taxable Earnings
OASDI
00
3
7
FUTA/SUTA
22
2
6
5
Current
Earnings
(YTD)
Current Earnings
Gross
00
4
3
Overtime
00
3
5
Regular
19
0
Prior
Earnings
(YTD)
59
3
4
Allowance
and Marital
Status
NAME
Keys, P.
7-16
PROBLEM 7B-4
PAYROLL REGISTER
0
0
2
5
Taxable Earnings
OASDI
1
0
3
FUTA/SUTA
92
5
2
1
1
Current
Earnings
(YTD)
3
1
Current Earnings
Gross
80
6
3
1
Overtime
00
8
2
1
Salary
04
2
Prior
Earnings (YTD)
24
4
9
Allow.
And
Marital
Status
Employee
Name
Atha, J.
PROBLEM 7B-4 (CONCLUDED)
FICA-OASDI
$ 393.70
Dec.
5
Production Salaries Expense
3
5
6
0
00
Office Salaries Expense
2
7
9
0
00
FICA–OASDI Tax Payable
3
9
3
70
9
2
08
7
1
7
00
5
2
00
FINANCIAL REPORT PROBLEM – SOLUTIONS TO READING AMAZON’S ANNUAL
REPORT
Amazon employed approximately 341,400 full-time and part-time employees as of
December 31, 2016. However, employment levels fluctuate due to seasonal factors
affecting their business.
ASSIGNMENT 1
KEEPING IT REAL: SUAREZ COMPUTER CENTER
GENERAL JOURNAL
PAGE 4
Date
Account Titles and Description
PR
Dr.
Cr.
Nov.
1
Accounts Receivable-Vital Tax Services
1020
6
6
0
0
00
Service Revenue
4000
6
6
0
0
00
Accounts Receivable-Value Pac, Inc.
1020
4
3
0
0
00
Service Revenue
4000
4
3
0
0
00
Phone Expense
5040
1
5
5
00
Accounts Payable
2000
1
5
5
00
GENERAL JOURNAL
PAGE 5
Date
Account Titles and Description
PR
Dr.
Cr.
Nov.
18
Cash
1000
8
2
5
00
Accounts Receivable-Viral Video
1020
8
2
5
00
20
Office Equipment
1090
6
7
5
00
Accounts Payable-Hardware Haven
2000
6
7
5
00
CASH
ACCOUNT NO. 1000
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
4
Nov.
0
GJ5
9
PETTY CASH
ACCOUNT NO. 1010
Credit
Debit
Credit
Oct.
0
Post
Balance
ACCOUNTS RECEIVABLE
ACCOUNT NO. 1020
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
31
Balance Forward
√
5
4
0
0
00
0
0
0
0
7
GJ5
5
PREPAID RENT
ACCOUNT NO. 1025
Credit
Debit
Credit
Oct.
2
0
Post
Balance
SUPPLIES
ACCOUNT NO. 1030
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
Post
Balance
COMPUTER SHOP EQUIPMENT
ACCOUNT NO. 1080
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
5
1
4
0
Post
Balance
ACCUMULATED DEPRECIATION, COMPUTER SHOP
EQUIPMENT
ACCOUNT NO. 1081
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
OFFICE EQUIPMENT
ACCOUNT NO. 1090
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
Post
Balance
ACCUMULATED DEPRECIATION, OFFICE EQUIPMENT
ACCOUNT NO. 1091
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
ACCOUNTS PAYABLE
ACCOUNT NO. 2000
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
Oct.
Balance Forward
5
1
Post
Balance
WAGES PAYABLE
ACCOUNT NO. 2010
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
FICA—OASDI PAYABLE
ACCOUNT NO. 2020
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
FICA—MEDICARE PAYABLE
ACCOUNT NO. 2030
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
FIT PAYABLE
ACCOUNT NO. 2040
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
SIT PAYABLE
ACCOUNT NO. 2050
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
FUTA PAYABLE
ACCOUNT NO. 2060
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
SUTA PAYABLE
ACCOUNT NO. 2070
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
FALCO, CAPITAL
ACCOUNT NO. 3000
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
Balance Forward
FALCO, WITHDRAWALS
ACCOUNT NO. 3010
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
Oct.
Balance Forward
5
Post
Balance
SERVICE REVENUE
ACCOUNT NO. 4000
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
Balance Forward
1
6
3
4
ADVERTISING EXPENSE
ACCOUNT NO. 5010
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
RENT EXPENSE
ACCOUNT NO. 5020
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
UTILITIES EXPENSE
ACCOUNT NO. 5030
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
PHONE EXPENSE
ACCOUNT NO. 5040
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
9
5
Post
Balance
SUPPLIES EXPENSE
ACCOUNT NO. 5050
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
Balance Forward
5
INSURANCE EXPENSE
ACCOUNT NO. 5060
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
POSTAGE EXPENSE
ACCOUNT NO. 5070
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
Balance Forward
0
DEPRECIATION EXPENSE, COMPUTER SHOP EQUIPMENT
ACCOUNT NO. 5080
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
DEPRECIATION EXPENSE, OFFICE EQUIPMENT
ACCOUNT NO. 5090
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
MISCELLANEOUS EXPENSE
ACCOUNT NO. 5100
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
Oct.
Balance Forward
5
Post
Balance
ASSIGNMENT 2
SUAREZ COMPUTER CENTER
TRIAL BALANCE
NOVEMBER 30, 201X
Dr.
Cr.
Cash
14
9
0
5
00
Petty Cash
Supplies
Accumulated Depreciation— Computer Shop
Equipment
1
0
5
00
Office Equipment
2
1
7
5
00
Accumulated Depreciation— Office Equipment
5
0
00
Service Revenue
0
0
00
Phone Expense