Quiz 1/2

Student name:Vũ Nguyễn Minh Trung Student ID:HS180717

GENERAL JOURNAL
Date Accounts Debit
15/12 Cash 1,200
Revenue
16/12 Accounts Receivable 500
Cash
18/12 Cash 500
Accounts Receivable
19/12 Accounts Payable 400
Cash
Credit

1,200

500

500

400
1:C
2:C
3:C

4
Account
Title Debit Credit
Accrued
Salaries
Payable $14,550
Salaries
Expense $14,550
Multiply daily salary be adjusting period (Tuesday)
which is 2 days = (19.375:5)x2 =7.750
Salary
Tue expense 7.75
salary
payable 7.75

PART 3:
Midtown Repair Company.
End-of-Period Spreadsheet (Work Sheet)
For the Year Ended December 31, 2020
Unadjusted trial
balance Adjustments Adjusted Triabalance

Account title Dr. Cr. Dr. Cr. Dr.

Cash 8000

Accounts receivable 40000

Supplies 4000 3000 1000

Prepaid Insurance 6000 5000 1000

Land 50000
Equipment 20000
Accumulated Depreciation--Equipment 2000
Accounts payable 18000

Wages payable 0 2000

Jones, Capital 85000

Jones, Withdrawals 4000
Service Revenue 45000 4000
Rental Revenue 2000

Wages expense 10000

Rent expense 6000

Insurance expense 0 5000 5000

Utilities expense 3000

Depreciation expense 0

Supplies expense 0 3000 3000

Miscellaneous expense 1000

Total 152000 152000

Net income
Total
n Repair Company.
Spreadsheet (Work Sheet)
nded December 31, 2020
Balance sheet and statement of equity
Adjusted Triabalance Income statement

Cr. Dr. Cr. Dr. Cr.

49000