Problem 3-5B

Name: vania natasha adji

Section: 142231240

Score: 100%

Key Code: 2
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
For correct grading in the trial balance, enter a zero in cells you would otherwise leave blank.

1. Account Debit Credit

a. Depreciation Expense - Building 6,400
Accumulated Depreciation - Building 6,400

b. Depreciation Expense - Equipment 2,800

Accumulated Depreciation - Equipment 2,800

c. Salaries and Wages Expense 900

Salaries and Wages Payable 900

d. Insurance Expense 4,500

Prepaid Insurance 4,500

e. Accounts Receivable 10,200

Fees Earned 10,200

f. Supplies Expense 1,110

Supplies 1,110

g. Unearned Rent 3,300

Rent Revenue 3,300

2. REECE FINANCIAL SERVICES CO.

Adjusted Trial Balance
July 31, 2014
Debit Balances Credit Balances
Cash 10,200 -
Accounts Receivable 44,950 -
Prepaid Insurance 1,500 -
Supplies 615 -
Land 50,000 -
Building 155,750 -
Accumulated Depreciation - Building - 69,250
Equipment 45,000 -
Accumulated Depreciation - Equipment - 20,450
Accounts Payable - 3,750
Unearned Rent - 300
Salaries and Wages Payable - 900
Joni Reece, Capital - 153,550
Joni Reece, Drawing 8,000 -
Fees Earned - 168,800
Rent Revenue - 3,300
Salaries and Wages Expense 57,750 -
Utilities Expense 14,100 -
Advertising Expense 7,500 -
Repairs Expense 6,400 -
Depreciation Expense - Building 6,100 -
Depreciation Expense - Equipment 4,500 -
Insurance Expense 2,800 -
Supplies Expense 1,110 -
Miscellaneous Expense 4,025 -
420,300 420,300