Name Cathy Bandelow ACC 225/Toni Smith

General Journal
GENERAL JOURNAL

Date Account Titles and Explanation P. R. Debit

2-Feb-10 1 Petty Cash 300
Cash
To establish a petty cash fund

28-Feb Office supplies expense 87.89

Merchandise inventory 37.60
Postage expense 73.95
Mileage expense 58.00
Delivery expense 18.00
Cash shortage 3.33
Cash

Petty Cash 378.77

Cash
To increase petty cash fund
Bandelow ACC 225/Toni Smith

Credit

300

278.77

378.77
 Name
Part 1

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Part 2
GENERAL LEDGER
 Name
General Ledger

GENERAL LEDGER

Cash ACCOUNT NO. ____

Date Explanation P.R. DEBIT CREDIT BALANCE

Accounts Receivable ACCOUNT NO. ____

Date Explanation P.R. DEBIT CREDIT BALANCE

Inventory ACCOUNT NO. ____

Date Explanation P.R. DEBIT CREDIT BALANCE

Long-Term Notes Payable ACCOUNT NO. ____

Date Explanation P.R. DEBIT CREDIT BALANCE

Sales ACCOUNT NO. ____

Date Explanation P.R. DEBIT CREDIT BALANCE

Sales Discounts ACCOUNT NO. ____

Date Explanation P.R. DEBIT CREDIT BALANCE
 Name
Trial Balance

Trial Balance

Debit Credit

Totals

Schedule of Accounts Receivable

Analysis:
 Name Cathy Bandelow ACC 225/Toni Smith
Worksheet
ADAMS CONSTRUCTION CO.
Work Sheet
For Year Ended June 30, 2005
Balance Sheet &
Unadjusted Adjusted Statement of
Trial Balance Adjustments Trial Balance Income Statement Owner's Equity
Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
101 Cash 17,500 17,500 17,500
126 Supplies 8,900 a 5,700 3,200 3,200
128 Prepaid insurance 6,200 b 3,900 2,300 2,300
167 Equipment 131,000 131,000 131,000
168 Accumlated
depreciation - 25,250 c 8,500 33,750 33,750
Equipment
201 Accounts payable 5,800 d 550 6,350 6,350
203 Interest payable h 240 240 240
208 Rent payable f 200 200 200
210 Wages payable e 1,600 1,600 1,600
213 Property taxes g 900 900 900
payable
251 Long-term notes 24,000 24,000 24,000
payable
301 S. Adams, Capital 77,600 77,600 77,600
302 S.Adams, 30,000 30,000 30,000
Withdrawals
401 Construction fees 134,000 134,000 134,000
earned
612 Depreciation c 8,500 8,500 8,500
expense -
Equipment
623 Wages expense 45,860 e 1,600 47,460 47,460
633 Interest expense 2,640 h 240 2,880 2,880
637 Insurance expense b 3,900 3,900 3,900
640 Rent expense 13,200 f 200 13,400 13,400
652 Supplies expense a 5,700 5,700 5,700
683 Property taxes 4,600 g 900 5,500 5,500
684 Repairs expense 2,810 2,810 2,810
690 Utilities expense 4,000 d 550 4,550 4,550
Totals 266,710 266,710 21,590 21,590 278,700 278,700 94,700 134,000 184,000 144,700

Net income 39,300 0 0 39,300

 Name Cathy Bandelow ACC 225/Toni Smith
Owner's Equity

ADAMS CONSTRUCTION CO.

Owner's Equity Statement
For Year Ended June 30, 2005
S. Adams, Capital June 30, 2004…….….………...…….…… $ 52,000
Add: Investment by owner………......……..…………….…… $ 25,000
Net income………………………………………………. 39,300 64,300
116,960
Less: Withdrawals by owner………………………………… -30,000
S. Adams, Capital, June 30, 2005…………………………… $ 86,960
 Name Cathy Bandelow ACC 225/ Toni Smith
Balance Sheet

Company Name
Statement of Changes in Owner's Equity
For Month Ended Date, Year

ADAMS CONSTRUCTION CO.

Balance Sheet
June 30 2005
Assets
Current assets
Cash……………………………………………………………………… $ 17,500
Supplies………………………………………………………………….. 3,200
Prepaid insurance………………………………………………………. 2,300
Total current assets…………………………………………………….. $ 23,000
Plant assets
Equipment……………………………………………………………….. 131,000
Accumulated depreciation - Equipment………………………………. (33,750)
Total assets………………………………………………………………… $ 120,250
Liabilities
Current liabilities
Accounts payable………………………………………………………. $ 6,350
Interest payable…………………………………………………………. 240
Rent payable……………………………………………………………. 200
Wages payable…………………………………………………………. 1,600
Property taxes payable……………………………………………………. 900
Current portion of long-term note payable……………………………. 5,000
Total current liabilities………………………………………………….. $ 14,290
Non-current liabilities
Long-term note payable (less current portion)………………………. 19,000
Total liabilities………………………………………………………………. 33,290
Equity
S. Adams, Capital………………………………………………………….. 86,960
Total liabilities and equity………………………………………………….. $ 120,250
w ACC 225/ Toni Smith

$ 23,000

97,250
$ 120,250

$ 14,290

19,000
33,290

86,960
$ 120,250
 Name
Post Closing Trial Balance

Company Name
Post-Closing Trial Balance
Date, Year
Debit Credit

Totals
Company Name
Schedule of Accounts Receivable
Date, Year

Company Name
Schedule of Accounts Payable
Date, Year
 Name
Memo

MEMORANDUM
TO:
FROM:
SUBJECT:
DATE:

436
436
 Name ______________________________________

JOB COST SHEET

Customer's Name __________Company Job No.

Direct Materials Direct Labor Overhead Costs Applied

Time
Requisition Ticket
Date Number Amount Date Number Amount Date Rate Amount

SUMMARY OF COSTS
Dir. Materials..
Dir. Labor……
Overhead……
Total Total Total Cost of
the Job………

JOB COST SHEET

Customer's Name __________Company Job No.

Direct Materials Direct Labor Overhead Costs Applied

Time
Requisition Ticket
Date Number Amount Date Number Amount Date Rate Amount

SUMMARY OF COSTS
Dir. Materials..
Dir. Labor……
Overhead……
Total Total Total Cost of
the Job……….

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19
Name ______________________________________

Date Purchases Cost of Goods Sold Inventory Balance

Units @ Cost per Unit = Total Units @ Cost per Unit = Total Units @ Cost per Unit = Total

©The McGraw-Hill Companies, Inc., 2005

20
Name _________________________________

______________________
Process Cost Summary
For Month Ended _____________

COSTS CHARGED TO DEPARTMENT

EQUIVALENT UNIT PROCESSING COSTS

Equivalent Units
Units of Direct Labor &
Product Materials Overhead

Continued on next page

©The McGraw-Hill Companies, Inc., 2005

21
Name ___________________________________

ASSIGNMENT OF COSTS TO OUTPUT OF DEPARTMENT

Equivalent Cost Total
Units per Unit Cost

©The McGraw-Hill Companies, Inc., 2005

22
Name ______________________________________

Double-Declining-Balance Depreciation:
Beginning-Year Depreciation Annual Year-End
Period Book Value Rate per Period Depreciation Book Value

©The McGraw-Hill Companies, Inc., 2005

23