Book 2 - Chapter 14

Reinforcement Problems
LG 14-1.

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Worksheet
For the Year Ended December 31, 2008
					Adjusted		Income		Balance
	Trial Balance		Adjustments		Trial Balance		Statement		Sheet
Account Titles	Dr .	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	18,300				18,300				18,300
Accounts Receivable	4,200				4,200				4,200
Printing Supplies	800			(a) 600	200				200
Prepaid Insurance	1,800			(b) 1,350	450				450
Office Equipment	7,500				7,500				7,500
Accum. Dep’n.—
Office Equipment		1,000		(c) 750		1,750				1,750
Printing/Copying Equipment	35,500				35,500				35,500
Accum. Dep’n.—Printing/
Copying Equipment		14,500		(c) 7,000		21,500				21,500
Accounts Payable		1,400				1,400				1,400
Unearned Fees		3,500	(d) 3,500
Notes Payable		36,000				36,000				36,000
Dave St. Jean, Capital		35,550				35,550				35,500
Dave St. Jean, Drawing	22,000				22,000				22,000
Fees Earned		108,700		(d) 3,500		112,200		112,200
Salaries Expense	57,300		(3) 500		57,800		57,800
Office Supplies Expense	1,300				1,300		1,300
Rent Expense	36,000				36,000		36,000
Travel Expense	32,50				3,250		3,250
Printing Supplies Expense	4,200		(a) 600		4,800		4,800
Interest Expense	3,300		(f) 300		3,600		3,600
Utilities Expense	5,200	(f)			5,200		5,200
Totals
Depreciation Expense			(c) 7,750		7,750		7,750
Insurance Expense			(b) 1,350		1,350		1,350
Salaries Payable				(e) 500		500				500
Interest Payable				(f) 300		300				300
Totals							121,050	112,200	88,150	97,000
Net Loss								8,850	8,850
Totals

Learning Goal 14, continued

SOLUTIONS

Section II � Completing the Accounting Cycle

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