Chapter 1, 2 and 4

HW 1 -3 by Group 5:
鄧坤宏 (Finsen Prayogo) E64078027

沈建宏 (Calvin Wijaya) E64078019
石亞德 (Aldo Saenz) H66067046
E1 – 26
(in Billion)
UPS’s INCOME STATEMENT
DECEMBER 2004
Revenue:
Service Revenue $ 32
Total Expenses $ 29
Net Income $3
UPS's stockholder equity increased during 2004 by 3 Billion dollars.
The UPS's performance was good, because the stakeholder equity was
increased
P1 – 32A
SECURITY SYSTEM CORPORATION

Income Statement
Month Ended December 31st 2007
Revenue:
Service Revenue 189000
Expenses:
Property tax expense 4000
Rent expense 23000
Salary expense 63000
Advertisement expense 13000
Insurance expense 2000
Interest expense 9000
Total expense 114000
Net Income 75000

SECURITY SYSTEM CORPORATION
Retained Earnings
Month Ended December 31st 2007
Retained Earnings, December 1, 2007 0
Add: Net income for the month 114000
Subtotal 114000
Less: Dividends 40000
Retained earnings, December 31, 2007 74000
Assets Liabilities
Cash 14000 Account payable 19000
Account receivable 12000 Note payable 35000
Land 60000 Salary payable 1000
Building 131000 Total Liabilities 55000
Equipment 20000
Stockholder's Equity
Common stock 100000
Retained earning 74000
Total Stockholder's Equity 174000
Total Liabilities & Stockholder's

Total Assets 237000 Equity 229000
E2 - 20
Issued stock 02-May

Purchased supply on account 09-May
Revenue 11-May
Rent Expense 14-May
Accounts Expense 22-May
Advertisement Expense 25-May
Receive on account payment 27-May
Fuel Expense 31-May
ASSETS:
Cash (110)
May 2 – J5 20000 May 14 – J5 3200
May 27 – J5 1400 May 22 – J5 300
May 25 – J5 400
Balance 17500
Account Receivable (120)

May 11 – J5 2600 May 27 – J5 1400
1200 Balance
Supplies (130)
May 9 – J5 200
200 Balance
LIABILITIES:
Account Payable (210)

May 22 – J5 300 200
100
Balance 0
STOCKHOLDER EQUITY:
Common Stock (310)

May 2 – J5 20000
Balance 20000
REVENUE:
Service Revenue (410)

May 11 – J5 2600
Balance 2600
EXPENSES:
Rent Expenses (510)

May 14 – J5 3200
3200 Balance
Advertising Expenses (520)
May 25- J5 400
400 Balance
Fuel Expenses (530)

May 31 – J5 100
100 Balance
Balance Sheet, 31 Mei 2006
Account Db Cr
Cash $ 17500
Account receivable $ 1200
Supplies $ 200
Account payable 0
Common stock $ 20000
Rent Expense $ 3200
Advertising Expense $ 400
Fuel Expense $ 100
Total $ 22600 $ 22600

P2 – 34A
Date Description Debit Credit

June 2008
Cash 25000
Building 30000
Common Stock 55000
Issued Common stock
Office Supplies 2100

Account payable 2100
Office Furniture 18000

Cash 18000
Employee's Salary 2200

Cash 2200
Account Receivable 5100

Service Revenue 5100
Account payable 800

Cash 800
Advertising Expanse 600

Account payable 600
Cash 1600
Service revenue 1600
Cash 1200
Account Receivable 1200
Rent Equipment 700

Utilities 400
Cash 1100
Dividends 1000
Cash 1000
Cash
25000 18000
Common
1600 2200
Stock
1200 800
55000
1100
1000
Bal= 55,000
Bal= 4700
Building Office supplies

30000 2100
Bal = 30,000
Bal= 2,100
Account payable
800 2100 Office
600 Furniture
18000
Bal= 1900
Bal 18,000
Salary Expense
2200
Bal= 2,200
Account
Receivable
5100 1200
Bal= 3900
Service Revenue
5100 Advertising
1600 Expanse
600
Bal= 6700
Bal= 600
Rent Equipment
700
Utilities
Bal= 700 400
Bal= 400
Dividends
1000
Bal= 1000
Total Total Credits

Debits
63,600 63,600
Cash
Date Item Ref Debits Date item Ref Credits
Jun 2008 25,000
Building
Date Item Ref Debits Date Item Ref Credits
Jun 2008 30,000
Common Stock
Jun 2008 55,000
Office Supplies
June 2008 2,100
Account Payable
June 2008 2,100
Office Furniture
June 2008 18,000
Account Payable
June 2008 18,000
Salary Expense
June 2008 2,200
Cash
June 2008 2,200
Account Receivable
June 2008 5,100
Service Revenue
June 2008 5,100
Account payable
June 2008 800
Cash
June 2008 800
Advertising Expanse
June 2008 600
Account Payable
June 2008 600
Cash
June 2008 1600
Service Revenue
June 2008 1600
Cash
June 2008 1200
Account Receivable
June 2008 1200
Rent Equipment
Jun 2008 700
Utilities
Jun 2008 400
Cash
June 2008 1,100
Will Environmental Consulting Company - Trial Balance
Accounts Debit Balance Credit Balance

Cash 4,700
Common Stock 55,000
Building 30,000
Office Supplies 2,100
Account payable 1,900
Office Furniture 18,000
Salary Expense 2,200
Account Receivable 3,900
Service Revenue 6,700
Advertising Expanse 600
Dividends 1,000
Equipment 700
Utilities 400
Totals 63,600 63600

P2 – 35A
Income Statement
REVENUE
Service Revenue 6,700
Expense
Rent 700
Advertising 600
Utilities 400
Salary 2,200
Net Income 2,800
Retained Earnings Statement

Add:
Net Income 2,800
Less:
Dividends 1,000
Retained Earnings 1,800

Balance Sheet
Assets Liability
Cash 4,700 Account Payable 1,900

Account Receivable 3,900
Office Supplies 2,100
Office Furniture 18,000
Building 30,000
Equity
Retained Earnings 1,800

Common Stocks 55,000
Total 58,700 58,700

P2-42B
SERRANO CARPET INSTALLERS, INC.

Journal Entry
January 31, 2007
Page 1
Transactions Accounts and Explanation Db. Cr.
a Cash $ 40,000
a Automobile $ 20,000
Common Stock $ 60,000
b Equipment $ 32,000
Cash $ 32,000
c Supplies $ 400
Account Payable $ 400
d Salary Expense $ 1,300
Cash $ 1,300
e Cash $ 800
f Advertising Expense $ 500
Account Payable $ 500
g Account Payable $ 400
Cash $ 400
h Account Receivable $ 6,300
Service Revenue $ 6,300
i Account Payable $ 1,100
Cash $ 1,100
j Rent Expense $ 1,000
Cash $ 1,000
j Insurance Expense $ 600
Cash $ 600
k Dividends $ 2,600
Cash $ 2,600
Total $107,000 $107,000

Trial Balance
January 31, 2007
Account Title Balance

Debit Credit
Cash $ 4,000
Accounts Receivable $ 6,300
Supplies $ 400
Equipment $ 32,000
Automobile $ 20,000
Accounts Payable $ 1,600
Common Stock $ 60,000
Dividends $ 2,600
Salary Expense $ 1,300
Rent Expense $ 1,000
Insurance Expense $ 600
Total $ 67,100 $ 67,100

Income Statement
Month Ended January 31, 2007
Revenue:
Expenses:
Rent Expense $ 1,000
Insurance Expense $ 600
Total Expense $ $3,400
Net Income $ 3,700

Statement of Retained Earnings
Retained Earnings (Jan. 1st, 2007) 0
Add: Net Income $ 3,700
Less: Dividends ($ 2,600)
Retained Earnings, Jan. 31, 2007 $ 1,100

Balance Sheet
Assets Liabilities
Cash $ 4,000 Accounts Payable $ 1,600
Accounts Receivable $ 6,300 Stockholders’ Equity
Supplies $ 400 Common Stock $ 60,000
Equipment $ 32,000 Retained Earnings $ 1,100
Automobile $ 20,000
Total $ 62,700 Total $ 62,700
E4-36B
1.
Cash Accounts Receivable
Oct. 31 $ 4,900 Oct. 31 $ 15,310
Bal. $ 4,900 Bal. $ 15,310
Prepaid Rent Supplies
Oct. 1 $ 2,200 Adj. $200 Oct. 1 $ 840 Adj. $ 770

200
Bal. $ 2,000 Bal. $ 70
Equipment Accumulated Depreciation
Oct. 1 $ 31,370 Oct. 1 $ 3,400
Bal. $ 31,370 Adj. $ 250
Bal. $ 3,650
Accounts Payable Salary Payable
7,2
Oct. 31 $ 7,290 Adj. $ 310
90
7,2
Bal. $ 7,920 Bal. $ 310
90
Unearned Service Revenue Common Stock
Adj. $ 4,500 Oct. 1 $ 5,300 5,300 Oct. 31 $ 6,000
Bal. $ 800 800 Bal. $ 6,000
Service Revenue Salary Expense
Oct. 31 $ 17,100 Oct. 31 $ 2,860 17,100
Adj. $ 4,500 Adj. $ 310 4,500
Clo. $ 21,600 Bal. $ 21,600 Bal. $ 3,170 Clo. $21,600

3,170
Rent Expense Depreciation Expense
Adj. $ 200 5,300 Adj. $ 250
Bal. $ 200 Clo. $ 200 Bal. 800

$ 250 Clo. $ 250
Supplies Expense Income Summary
Adj. $ 770 5,300Clo. $ 4,390 Clo. $ 21,600
Bal. $ 770 Clo. $ 770 Clo. $ 17,210

800 Bal. $0
Dividens Retained Earnings
Oct. 31 $ 3,900 5,300 Oct. 1 $ 22,290
Bal. $ 3,900 Clo. $ 3,900 Clo. $ 3,900 Clo.800 $ 17,210
Bal. $ 35,600
ALPHA GRAPHICS CORP.
Work Sheet
October 31, 2007
Adjustments T/B Income Statement Balance Sheet

Account Title
Dr. Cr. Dr. Cr. Dr. Cr.
Cash $ 4,900 $ 4,900
Accounts receivable $ 15,310 $ 15,310
Prepaid rent $ 2,200 $ 200 (b) $ 2,000
Supplies $ 840 $ 770 (c) $ 70
Equipment 31,370 $ 31,370
$ 3,400 d. $ 250 $ 3,650

Accumulated
depreciation
Accounts payable $ 7,290 $ 7,290
Salary payable $ 310 (e) $ 310
$ 5,300 $ 4,500 (a) $ 800

Unearned service
revenue
Common stock $ 6,000 $ 6,000
Retained earnings $ 22,290 $ 22,290
Dividends $ 3,900 $ 3,900
Service revenue $ 17,100 $ 4,500 $ 21,600
Salary expense $ 2,860 $ 310 (e) $ 3,170
Rent expense $ 200 (b) $ 200

$ 250 (d) $ 250
Depreciation
expense
Supplies expense $ 770 (c) $ 770
Total $ 61,380 $ 61,380 $ 6,030 $ 6,030 $ 61,940 $ 61,940

Work Sheet
October 31, 2007
Account Titles
Adjustments T/B Income Statement Balance Sheet
Dr. Cr. Dr. Cr. Dr. Cr.
Cash $ 4,900 $ 4,900
Accounts
$ 15,310 $ 15,310
receivable
Prepaid rent $ 2,000 $ 2,000
Supplies $ 70 $ 70
Equipment $ 31,370 31,370
$ 3,650 $ 3,650
Accumulated
depreciation
Accounts payable $ 7,290 $ 7,290
Salary payable $ 310 $ 310
$ 800 $ 800
Unearned service
revenue
Common stock $ 6,000 $ 6,000
Retained earnings $ 22,290 $ 22,290
Dividends $ 3,900 $ 3,900
Service revenue $ 21,600 $ 21,600
Salary expense $ 3,170 $ 3,170

Rent expense $ 200 $ 200
$ 250 $ 250
Depreciation
expense
Supplies expense $ 770 $ 770
Total $ 61,940 $ 61,940 $ 4,390 $ 21,600 $ 57,550 $ 40,340
Net Income $ 17,210 $ 17,210
$ 21,600 $ 21,600 $ 57,550 $ 57,550

Income Statement
Month Ended October 31, 2007
Revenue:

Expenses:

Rent Expense $ 200
Depreciation Expense $ 250

Supplies Expense $ 770
Total Expense $ 4,390
Net Income $ 17,210

Statement Retained Earnings
Retained Earnings (Oct. 1st, 2007) $ 22,290
Add: Net Income $ 17,210
Less: Dividends ($ 3,900)
Retained Earnings (Oct. 31st, 2007) $ 35,600

Balance Sheet
Assets Liabilities
Cash $ 4,900 Accounts payable $ 7,290
Accounts Receivable $ 15,310 Salary payable $ 310
Prepaid rent $ 2,000 Unearned service revenue $ 800
Supplies $ 70 Stockholders’ Equity
Equipment $ 31,370 Common Stock $ 6,000
Accumulated depreciation ($ 3,650) Retained Earnings $ 35,600
Total $ 50,000 Total $ 50,000

Journal Entry
Page 10
Date Accounts and Explanation Debit Credit
a Unearned service revenue $ 4,500
Service revenue $ 4,500
b Rent expense $ 200
Prepaid rent $ 200
c Supplies expense $ 770
Supplies $ 770
d Depreciation expense $ 250
Accumulated depreciation $ 250
e Salary expense $ 310
Salary payable $ 310
Oct. 31 Service Revenue $ 21,600
Income Summary $ 21,600
Oct. 31 Income Summary $ 4,390
Rent Expense $ 200
Depreciation Expense $ 250
Supplies Expense $ 770
Oct. 31 Income Summary
($21,600 - $4,390) $ 17,210
Retained Earnings $ 17,210
Oct. 31 Retained Earnings $ 3,900
Dividends $ 3,900
Post-Closing Trial Balance
October 31, 2007
Account Titles
Balance Sheet
Debit Credit
Cash $ 4,900
Accounts receivable $ 15,310
Prepaid rent $ 2,000
Supplies $ 70
Equipment $ 31,370
Accumulated depreciation $ 3,650
Accounts payable $ 7,290
Salary payable $ 310
Unearned service revenue $ 800
Common stock $ 6,000
Retained earnings $ 35,600
Total $ 53,650 $ 53,650

Chapter 1, 2 and 4

Caricato da

Informazioni sul documento

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

Chapter 1, 2 and 4

Caricato da

Copyright:

Formati disponibili

HW 1 -3 by Group 5:

鄧坤宏 (Finsen Prayogo) E64078027

UPS's stockholder equity increased during 2004 by 3 Billion dollars.

SECURITY SYSTEM CORPORATION

Net Income 75000

Total Liabilities & Stockholder's

Issued stock 02-May

Account Receivable (120)

Account Payable (210)

Common Stock (310)

Service Revenue (410)

Rent Expenses (510)

Advertising Expenses (520)

May 25- J5 400

Fuel Expenses (530)

Account receivable $ 1200

Common stock $ 20000

Service Revenue $ 2600

Rent Expense $ 3200

Advertising Expense $ 400

Fuel Expense $ 100

Total $ 22600 $ 22600

Date Description Debit Credit

Office Supplies 2100

Office Furniture 18000

Employee's Salary 2200

Account Receivable 5100

Account payable 800

Advertising Expanse 600

Rent Equipment 700

Building Office supplies

Total Total Credits

Will Environmental Consulting Company - Trial Balance

Accounts Debit Balance Credit Balance

Totals 63,600 63600

Retained Earnings Statement

Net Income 2,800

Retained Earnings 1,800

Cash 4,700 Account Payable 1,900

Retained Earnings 1,800

Total 58,700 58,700

SERRANO CARPET INSTALLERS, INC.

Transactions Accounts and Explanation Db. Cr.

Common Stock $ 60,000

Account Payable $ 400

d Salary Expense $ 1,300

Service Revenue $ 800

f Advertising Expense $ 500

Account Payable $ 500

g Account Payable $ 400

h Account Receivable $ 6,300

Service Revenue $ 6,300

i Account Payable $ 1,100

j Insurance Expense $ 600

Total $107,000 $107,000

Account Title Balance

Accounts Receivable $ 6,300

Accounts Payable $ 1,600

Common Stock $ 60,000

Service Revenue $ 7,100

Salary Expense $ 1,300

Rent Expense $ 1,000

Advertising Expense $ 500

Insurance Expense $ 600