PREPARE ADJUSTED TRIAL BALANCE , INCOME STATEMENT & BALANCE SHEET - TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BAL INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT CASH 419,640.0 ACCOUNTS RECEIVABLE 30,000.0 OFFICE EQUIPMENT 40,000.0 ACCOUNTS PAYABLE 40,000.0 APEX, CAPITAL 500,000.0 APEX DRAWING 10,000.0 PURCHASES 85,000.0 PURCHASE RETURN 3,000.0 PURCHASE DISCOUNT 1,440.0 SALES 110,000.0 SALES DISCOUNT 800.0 INSURANCE EXPENSE 12,000.0 SALARIES EXPENSE 30,000.0 TAXES EXPENSE 2,000.0 RENT EXPENSE 15,000.0 654,440.0 654,440.0
PREPARE ADJUSTED TRIAL BALANCE , INCOME STATEMENT & BALANCE SHEET - TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BAL INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT CASH 419,640.0 ACCOUNTS RECEIVABLE 30,000.0 OFFICE EQUIPMENT 40,000.0 ACCOUNTS PAYABLE 40,000.0 APEX, CAPITAL 500,000.0 APEX DRAWING 10,000.0 PURCHASES 85,000.0 PURCHASE RETURN 3,000.0 PURCHASE DISCOUNT 1,440.0 SALES 110,000.0 SALES DISCOUNT 800.0 INSURANCE EXPENSE 12,000.0 SALARIES EXPENSE 30,000.0 TAXES EXPENSE 2,000.0 RENT EXPENSE 15,000.0 654,440.0 654,440.0
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 18MC: You returned damaged goods to C.C. Rogers Inc. and received a credit memo for $250. Which journal(s)...
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1. PREPARE ADJUSTED
- | TRIAL BALANCE | ADJUSTMENTS | ADJUSTED TRIAL BAL | INCOME STATEMENT | BALANCE SHEET | |||||
ACCOUNT TITLE | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT | DEBIT | CREDIT |
CASH | 419,640.0 | |||||||||
|
30,000.0 | |||||||||
OFFICE EQUIPMENT | 40,000.0 | |||||||||
ACCOUNTS PAYABLE | 40,000.0 | |||||||||
APEX, CAPITAL | 500,000.0 | |||||||||
APEX DRAWING | 10,000.0 | |||||||||
PURCHASES | 85,000.0 | |||||||||
PURCHASE RETURN | 3,000.0 | |||||||||
PURCHASE DISCOUNT | 1,440.0 | |||||||||
SALES | 110,000.0 | |||||||||
SALES DISCOUNT | 800.0 | |||||||||
INSURANCE EXPENSE | 12,000.0 | |||||||||
SALARIES EXPENSE | 30,000.0 | |||||||||
TAXES EXPENSE | 2,000.0 | |||||||||
RENT EXPENSE | 15,000.0 | |||||||||
654,440.0 | 654,440.0 | |||||||||
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