AUDIT QUESTION 2-A

1. What is the amount of check number 3839 shown on the general journal report?
o 311.86

2. What are the total of the debit and credit columns of the general journal report
(before the adjusting and closing entries)?
o 32,172.03

3. What is the balance in the Rent Expense account (before closing)?

o 17,400

4. What is the balance (before closing) in the Dues & Subscriptions Expense
account you added to the chart of accounts?
o 415.00

5. What are the debit and credit totals shown in the trial balance report (before
adjusting entries)?
o 172,114.69

6. . What are the total of the debit and credit columns of the adjusting entries shown
on the general journal report for adjusting entries?
o 790.86

7. What is the total operating revenue for the month?

o 9,975.00

8. What are the total operating expenses for the year?

o 71, 598.74

9. What are the total operating expenses for the month as a percentage of total
operating revenue?
o 62.51

10. What is the net income for the month?

o 3,739.68
11. . What is the net income for the year as a percentage of total operating revenue?
o 40.28

12. What is the owner's equity at the end of the fiscal period?
o 48,042.73

13. What are the total assets?

o 48,948.06

14. What are the total liabilities?

o 905.33

15. From the Expense Distribution pie chart, what are the three highest expenses for
the year?
o Salary Expense
o Rent Expense
o Automobile expense

16. From the bank reconciliation report, what is the amount of the adjusted check
book and bank balances?
o 13, 035.96