Acc 201 ing Cycle Workbook 8w3c
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Asset s Acct # Cash Baking Supplies Prepaid Rent Prepaid Insurance Baking Equipment Misc. Supplies s Receivable Accumulated Depreciation Merchandise Inventory
101 102 103 104 105 106 107 108 109
This chart of s should help you identify the appropriate s to record to as y journaling transactions for this workbook. There is nothing to complete on this page; this is you.
Liability s Acct # Notes Payable s Payable Wages Payable Interest Payable
appropriate s to record to as you are analyzing and othing to complete on this page; this is simply a resource for you.
201 202 203 204
Equity s Acct # Common Stock Dividends
301 302
Revenue s Acct # Bakery Sales Merchandise Sales
401 402
Expense s Acct # Baking Supplies Expense Rent Expense Insurance Expense Misc. Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Interest Expense Depreciation Expense Misc. Supplies Expense Cost of Goods Sold
501 502 503 504 505 506 507 508 509 510 511 512
Peyton Approved General Journal Entries Jul-14 Date s 1-Jul Cash Common Stock Contributed cash for common stock 1-Jul
Baking Supplies s Payable
7-Jul
s Payable Cash
30-Jul
Telephone Expense Payable
31-Jul
Salary and Wages Expense Cash
31-Jul
Salary and Wages Expense Cash
31-Jul
Recievable cash
31-Jul
Recievable cash
es
Debit 15,000.00
Credit 15,000.00
8500.00 8,500.00 1,500.00 3,000.00 45.00 45.00 120.00 120.00 120.00 120.00 5,000.00 10,000.00 15,000.00 15,000.00
Peyton Approved General Journal Entries Aug-14 Date s 5-Aug s Recievable s Recievable
8-Aug s Recievable s Recievable 10-Aug s Payable Cash 15-Aug Salary and Wages Expense Cash 15-Aug Rent Expense Prepaid Rent 18-Aug Recievable Cash 20-Aug s Payable Cash 22-Aug
Misc Supplies cash
31-Aug Telephone Expense 0
31-Aug Salary and Wages Expense Cash 31-Aug Recievable Cash
31-Aug Cash Sales Revenue
es
Debit 120
Credit 120 3,200.00 3200 3,200.00
45.00 45.00 480.00 480.00 1,500.00 1,500.00 1,000.00 1,000.00 8,500.00 8,500.00 300.00 300.00 45.00 45.00
420.00 420.00 7,500.00 12,500.00
20,000.00 20,000.00
Peyton Approved General Journal Entries Sep-14 Date 1-Sep Dividends Cash
s
5-Sep Salary and Wages Expense Cash 7-Sep Merchandise Inventory Cash 8-Sep
Recievable Cash
10-Sep
s Payable Cash
11-Sep Baking Supplies cash 13-Sep s Payable Cash 15-Sep Rent Expense Cash 15-Sep Miscellaneous Supplies Cash 15-Sep
Merchandis Inventory Cash
20-Sep Salary and Wages Expense Cash 20-Sep Merchandise Inventory Cash 24-Sep Cash Merchandise Sale
24-Sep Merchandise Inventory Cash Revenue 30-Sep Meruchandise Inventory Cash Revenue 30-Sep Cash Sales Revenue
s
Debit 3,000.00
Credit 3,000.00
420.00 420.00 60.00 60.00 4,000.00 4,000.00 45.00 45.00 7,000.00 7,000.00 5,000.00 5,000.00 456.00 456.00 68.00 68.00 48.00 48.00 456.00 456.00 122.00 122.00 153.00 153.00
109.62 109.62 151.25 151.25 25,000.00 25,000.00
FIFO Date 7-Sep
Purchases 10 $ 6.00 $
Sales 60.00
15-Sep 20-Sep
20 $
6.10 $
25 $
55
LIFO 7-Sep
6.05 $
151.25
$
333.25
Purchases 10 $ 6.00 $
24-Sep
20 $
6.10 $
2 $ 16 $
6.00 6.10
26
Sales 60.00
15-Sep 20-Sep
6.00
122.00
24-Sep
30-Sep
8 $
8 $
6.00
18 $
6.10
122.00
30-Sep
25 $
55
weighted average 7-Sep
6.05 $
151.25
$
333.25
Purchases 10 $ 6.00 $
Sales 60.00
15-Sep 20-Sep
20 $
6.10 $
25 $ 55
8 $
6.00
18 $
6.09
122.00
24-Sep 30-Sep
26
6.05 $
151.25
$
333.25
26
Sales
Ending Inventory 10 $ 6.00 $ 60.00 $
$ $ $
$
48.00
12.00 97.60 109.60
157.60
2
$
6.00
$
12.00
2 20 22
$ $
6.00 6.10
$ $ $
12.00 122.00 134.00
7-Sep
15-Sep
15-Sep 4 $
6.10
$
24.40
4 $ 25 $ 29 29
6.10 6.05
$ $ $ $
24.40 151.25 175.65 175.65
20-Sep
24-Sep
24-Sep
30-Sep
Ending Inventory 10 $ 6.00 $ 60.00 $
48.00
2
$
6.00
$
7-Sep
12.00 15-Sep
2 20 22
$ $
6.00 6.10
$ $ $
12.00 122.00 134.00 15-Sep
$
109.80
2 2
$ $
6.00 6.10
$ $
12.00 12.20
4
$
24.20
$ $ $ $ $
12.00 12.20 151.25 175.45 175.45
20-Sep
$
157.80
2 $ 2 $ 25 $ 29 29
6.00 6.10 6.05
24-Sep
24-Sep
30-Sep
Ending Inventory 10 $ 6.00 $60 $
48.00
2
$
6.00
$
7-Sep
12.00 15-Sep
2 $ 20 $ 22
6.00 6.10
$ $ $
12.00 122.00 per unit 134.00 $6.09 15-Sep
$
109.62
157.62
4 4 25 $ 29
$
6.05
$ $ $
24.38 151.25 151.25 $5.22
20-Sep
24-Sep
24-Sep
30-Sep
Merchandise Inventory (10 x $6) Cash Purchased inventory
Dr 60.00
Cr 60.00
Cash (8 x $8.50) Merchandise Sales Revenue Record sale of inventory
68.00
Cost of Goods Sold (8 X $6) Merchandise Inventory Recorded the cost of goods sold
48.00
68.00
48.00
Merchandise Inventory (20 x $6.10 ) Cash
122.00
Cash (18 x 8.50) Merchandise Sales Revenue Record sale of inventory
153.00
Cost of Goods Sold (2 x $6)+(16 x $6.10) Merchandise Inventory Recorded the cost of goods sold
109.60
Merchandise Inventory (25 x $6.05) Cash
151.25
122.00
153.00
109.60
151.25
Merchandise Inventory (10 x $6) Cash Purchased inventory
60.00
Cash (8 x $8.50) Merchandise Sales Revenue Record sale of inventory
68.00
Cost of Goods Sold (8 X $6) Merchandise Inventory Record inventory reduction due to sale
48.00
60.00
68.00
48.00
Merchandise Inventory (20 x $6.10) Cash
122.00
Cash (18 x 8.50) Merchandise Sales Revenue Record sale of inventory
153.00
Cost of Goods Sold (18 x $6.10) Merchandise Inventory Record inventory reduction due to sale
109.80
Merchandise Inventory (25 x $6.05) Cash
151.25
122.00
153.00
109.80
151.25
Merchandise Inventory (10 x $6) Cash Purchased inventory
60.00
Cash (8 x $8.50) Merchandise Sales Revenue Record sale of inventory
68.00
Cost of Goods Sold (8 X $6) Merchandise Inventory Record inventory reduction due to sale
48.00
60.00
68.00
48.00
Merchandise Inventory (20 x $6.10) Cash
122.00
Cash (18 x 8.50) Merchandise Sales Revenue Record sale of inventory
153.00
Cost of Goods Sold (18 x $6.09) Merchandise Inventory Record inventory reduction due to sale
109.62
Merchandise Inventory (25 x $6.05) Cash
151.25
122.00
153.00
109.62
151.25
Purchases 9/7: 10 bottles purchased at $6 9/20: 20 bottles purchased at $6.10 9/30: 25 bottles purchased at $6.05 Sales – selling price, $8.50 a bottle 9/15: 8 bottles 9/24: 18 bottles
Cash 15,000.00 10,000.00 5,000.00 20,000.00 22,500.00 27,000.00 68.00 25,000.00 153.00 187.00 204.00 30,000.00
Notes Payable 375.00 250.00 200.00 1,000.00 300.00 3,000.00 1,200.00 120.00 45.00 480.00
300.00 8,500.00 420.00 45.00 456.00 1,500.00 325.00 480.00 2,000.00 9,000.00 45.00 310.00 444.00 1,500.00 2,500.00 480.00 60.00 122.00 10,000.00 45.00 300.00 420.00 1,500.00 360.00 2,500.00 10,000.00
10,000 0
10,000 10,000
300.00 45.00 151.25 180.00 121.60 540.00 1,500.00 2,500.00
155,112.00 89,192.15
65,919.85
Misc. expense 250.00
Baking equipment 5,000
250.00
5,000
Baking supplies 1,000 49400 adj 8500 9,000.00 10,000.00 10,000.00 12,000.00 50,500 49,400 1,100
Prepaid rent 3,000
1,500
1,500
Misc. supplies 300 300.00 325.00 310.00 300.00 300.00 1,835 50
Prepaid insurance 1,200
600
1785
1,785
600
s payable 8500.00 8500.00 9000.00 9000.00 10000.00 10000.00 10000.00 10000.00 45.00 12000.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 37,725 49,770 12,045
Telephone expense 45.00 45.00 45.00 45.00 45.00 45.00 270.00
Salary and Wages expense 120.00 480.00 420.00 456.00 480.00 444.00 480.00 420.00 360.00 540.00 480.00
4,680
Dividends 2,000 2,500 2,500 2,500 9,500
adj
baking supplies expense 49,400
misc supplies expense adj
Merch. Inv. FIFO 60.00 122.00 151.25 180.00
48.00 109.60 133.30 144.35
Merchandise Sales Revenue 68.00 153.00 187.00 204.00 612.00
121.60 634.85 199.60
COGS FIFO 48.00 109.60 133.30 144.35 435.25
435.25
Business License exp 375.00 375.00 375.00
0
Common Stock 15,000 5,000 0 20,000 20,000
Advertising expense 200.00
200.00
adj
Rent expense 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
adj
7,500.00
Bakery revenue adj
5,000 20,000 22,500 27,000 25,000
Insurance expense 600.00
30,000
129,500
Salaries and Wages payable 480
480 480 Acc dep
adj
Depreciation expense 458
Interest payable
adj
Interest expense 300
Merch. Inv. LIFO 60.00 48.00 122.00 109.80 151.25 132.00 180.00 144.80
Merch. Inv. Weighted average 60.00 122.00 151.25 180.00
121.60 634.85 200.25
COGS LIFO 48.00 109.80 132.00 144.80 434.60
434.60
121.60 634.85 199.95
COGS Weighted average 48.00 109.64 132.60 144.66 434.90
Acc dep 458 adj
Interest payable 300 adj
Merch. Inv. Weighted average 48.00 109.64 132.60 144.66
434.90
GS Weighted average
Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance
Peyton Approved Trial Balance 2014 Unadjusted trial balance Debit
Baking Equipment Misc. Supplies s Receivable Notes Payable s Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Insurance Expense Misc. Expense Business License Expense Advertising Expense Wages Expense Telephone Expense COGS Depreciation Expense Accumulated Depreciation Misc Supplies Expense* Interest Expense* Interest Payable*
-
*These s will not be utilized before the adjusting process. They should have zero ba
Peyton Approved Trial Balance 2014 ed trial balance Credit
Adjusting entries Debit Credit
208.33
Adjusted trial balance Debit Credit
### 208.33
-
208.33
208.33
208.33
208.33
208.33
-
s. They should have zero balance in the unadjusted trial balance.
COMPLETION OF STEPS 5-7 DELIVERABLE:
CONGRATULATIONS! YOU ARE NOW READY TO SUBMIT YOUR WORKBOOK TO COMPLETE THE 4-3 CHECKPOINT REQUIREMENT
Peyton Approved Adjusting Journal Entries 2014 Date s 30-Sep Depreciation Expense accumulated depreciation
Debit 208.33
Credit 208.33
Peyton Approved Income Statement For Qtr. Ending 9/30/2014
Peyton Approved Statement of Retained Earnings For Qtr. Ending 9/30/2014
Pey Ba As of Se Assets
Peyton Approved Balance Sheet As of September 30, 2014 Liabilities and Owners' Equity
Owners' Equity
Peyton Approved Closing Entries 9/30/2014 Date
s
pproved Entries 2014 Debit
Credit
Peyton Approved Post Closing Trial Balance 9/30/2014
ved Balance Unadjusted Trial Balance Debit Credit
Peyton Approved Reversing Entries 9/30/2014 Date
s
pproved Entries 2014 Debit
Credit
COMPLETION OF STEPS 8-11 DELIVERABLE:
CONGRATULATIONS! YOU ARE NOW R COMPLETED WORKBOOK (STEPS 1 - 11)TO REQUIREMENT
8-11 DELIVERABLE:
S! YOU ARE NOW READY TO SUBMIT YOUR
K (STEPS 1 - 11)TO COMPLETE THE 6-2 CHECKPOINT
101 102 103 104 105 106 107 108 109
This chart of s should help you identify the appropriate s to record to as y journaling transactions for this workbook. There is nothing to complete on this page; this is you.
Liability s Acct # Notes Payable s Payable Wages Payable Interest Payable
appropriate s to record to as you are analyzing and othing to complete on this page; this is simply a resource for you.
201 202 203 204
Equity s Acct # Common Stock Dividends
301 302
Revenue s Acct # Bakery Sales Merchandise Sales
401 402
Expense s Acct # Baking Supplies Expense Rent Expense Insurance Expense Misc. Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Interest Expense Depreciation Expense Misc. Supplies Expense Cost of Goods Sold
501 502 503 504 505 506 507 508 509 510 511 512
Peyton Approved General Journal Entries Jul-14 Date s 1-Jul Cash Common Stock Contributed cash for common stock 1-Jul
Baking Supplies s Payable
7-Jul
s Payable Cash
30-Jul
Telephone Expense Payable
31-Jul
Salary and Wages Expense Cash
31-Jul
Salary and Wages Expense Cash
31-Jul
Recievable cash
31-Jul
Recievable cash
es
Debit 15,000.00
Credit 15,000.00
8500.00 8,500.00 1,500.00 3,000.00 45.00 45.00 120.00 120.00 120.00 120.00 5,000.00 10,000.00 15,000.00 15,000.00
Peyton Approved General Journal Entries Aug-14 Date s 5-Aug s Recievable s Recievable
8-Aug s Recievable s Recievable 10-Aug s Payable Cash 15-Aug Salary and Wages Expense Cash 15-Aug Rent Expense Prepaid Rent 18-Aug Recievable Cash 20-Aug s Payable Cash 22-Aug
Misc Supplies cash
31-Aug Telephone Expense 0
31-Aug Salary and Wages Expense Cash 31-Aug Recievable Cash
31-Aug Cash Sales Revenue
es
Debit 120
Credit 120 3,200.00 3200 3,200.00
45.00 45.00 480.00 480.00 1,500.00 1,500.00 1,000.00 1,000.00 8,500.00 8,500.00 300.00 300.00 45.00 45.00
420.00 420.00 7,500.00 12,500.00
20,000.00 20,000.00
Peyton Approved General Journal Entries Sep-14 Date 1-Sep Dividends Cash
s
5-Sep Salary and Wages Expense Cash 7-Sep Merchandise Inventory Cash 8-Sep
Recievable Cash
10-Sep
s Payable Cash
11-Sep Baking Supplies cash 13-Sep s Payable Cash 15-Sep Rent Expense Cash 15-Sep Miscellaneous Supplies Cash 15-Sep
Merchandis Inventory Cash
20-Sep Salary and Wages Expense Cash 20-Sep Merchandise Inventory Cash 24-Sep Cash Merchandise Sale
24-Sep Merchandise Inventory Cash Revenue 30-Sep Meruchandise Inventory Cash Revenue 30-Sep Cash Sales Revenue
s
Debit 3,000.00
Credit 3,000.00
420.00 420.00 60.00 60.00 4,000.00 4,000.00 45.00 45.00 7,000.00 7,000.00 5,000.00 5,000.00 456.00 456.00 68.00 68.00 48.00 48.00 456.00 456.00 122.00 122.00 153.00 153.00
109.62 109.62 151.25 151.25 25,000.00 25,000.00
FIFO Date 7-Sep
Purchases 10 $ 6.00 $
Sales 60.00
15-Sep 20-Sep
20 $
6.10 $
25 $
55
LIFO 7-Sep
6.05 $
151.25
$
333.25
Purchases 10 $ 6.00 $
24-Sep
20 $
6.10 $
2 $ 16 $
6.00 6.10
26
Sales 60.00
15-Sep 20-Sep
6.00
122.00
24-Sep
30-Sep
8 $
8 $
6.00
18 $
6.10
122.00
30-Sep
25 $
55
weighted average 7-Sep
6.05 $
151.25
$
333.25
Purchases 10 $ 6.00 $
Sales 60.00
15-Sep 20-Sep
20 $
6.10 $
25 $ 55
8 $
6.00
18 $
6.09
122.00
24-Sep 30-Sep
26
6.05 $
151.25
$
333.25
26
Sales
Ending Inventory 10 $ 6.00 $ 60.00 $
$ $ $
$
48.00
12.00 97.60 109.60
157.60
2
$
6.00
$
12.00
2 20 22
$ $
6.00 6.10
$ $ $
12.00 122.00 134.00
7-Sep
15-Sep
15-Sep 4 $
6.10
$
24.40
4 $ 25 $ 29 29
6.10 6.05
$ $ $ $
24.40 151.25 175.65 175.65
20-Sep
24-Sep
24-Sep
30-Sep
Ending Inventory 10 $ 6.00 $ 60.00 $
48.00
2
$
6.00
$
7-Sep
12.00 15-Sep
2 20 22
$ $
6.00 6.10
$ $ $
12.00 122.00 134.00 15-Sep
$
109.80
2 2
$ $
6.00 6.10
$ $
12.00 12.20
4
$
24.20
$ $ $ $ $
12.00 12.20 151.25 175.45 175.45
20-Sep
$
157.80
2 $ 2 $ 25 $ 29 29
6.00 6.10 6.05
24-Sep
24-Sep
30-Sep
Ending Inventory 10 $ 6.00 $60 $
48.00
2
$
6.00
$
7-Sep
12.00 15-Sep
2 $ 20 $ 22
6.00 6.10
$ $ $
12.00 122.00 per unit 134.00 $6.09 15-Sep
$
109.62
157.62
4 4 25 $ 29
$
6.05
$ $ $
24.38 151.25 151.25 $5.22
20-Sep
24-Sep
24-Sep
30-Sep
Merchandise Inventory (10 x $6) Cash Purchased inventory
Dr 60.00
Cr 60.00
Cash (8 x $8.50) Merchandise Sales Revenue Record sale of inventory
68.00
Cost of Goods Sold (8 X $6) Merchandise Inventory Recorded the cost of goods sold
48.00
68.00
48.00
Merchandise Inventory (20 x $6.10 ) Cash
122.00
Cash (18 x 8.50) Merchandise Sales Revenue Record sale of inventory
153.00
Cost of Goods Sold (2 x $6)+(16 x $6.10) Merchandise Inventory Recorded the cost of goods sold
109.60
Merchandise Inventory (25 x $6.05) Cash
151.25
122.00
153.00
109.60
151.25
Merchandise Inventory (10 x $6) Cash Purchased inventory
60.00
Cash (8 x $8.50) Merchandise Sales Revenue Record sale of inventory
68.00
Cost of Goods Sold (8 X $6) Merchandise Inventory Record inventory reduction due to sale
48.00
60.00
68.00
48.00
Merchandise Inventory (20 x $6.10) Cash
122.00
Cash (18 x 8.50) Merchandise Sales Revenue Record sale of inventory
153.00
Cost of Goods Sold (18 x $6.10) Merchandise Inventory Record inventory reduction due to sale
109.80
Merchandise Inventory (25 x $6.05) Cash
151.25
122.00
153.00
109.80
151.25
Merchandise Inventory (10 x $6) Cash Purchased inventory
60.00
Cash (8 x $8.50) Merchandise Sales Revenue Record sale of inventory
68.00
Cost of Goods Sold (8 X $6) Merchandise Inventory Record inventory reduction due to sale
48.00
60.00
68.00
48.00
Merchandise Inventory (20 x $6.10) Cash
122.00
Cash (18 x 8.50) Merchandise Sales Revenue Record sale of inventory
153.00
Cost of Goods Sold (18 x $6.09) Merchandise Inventory Record inventory reduction due to sale
109.62
Merchandise Inventory (25 x $6.05) Cash
151.25
122.00
153.00
109.62
151.25
Purchases 9/7: 10 bottles purchased at $6 9/20: 20 bottles purchased at $6.10 9/30: 25 bottles purchased at $6.05 Sales – selling price, $8.50 a bottle 9/15: 8 bottles 9/24: 18 bottles
Cash 15,000.00 10,000.00 5,000.00 20,000.00 22,500.00 27,000.00 68.00 25,000.00 153.00 187.00 204.00 30,000.00
Notes Payable 375.00 250.00 200.00 1,000.00 300.00 3,000.00 1,200.00 120.00 45.00 480.00
300.00 8,500.00 420.00 45.00 456.00 1,500.00 325.00 480.00 2,000.00 9,000.00 45.00 310.00 444.00 1,500.00 2,500.00 480.00 60.00 122.00 10,000.00 45.00 300.00 420.00 1,500.00 360.00 2,500.00 10,000.00
10,000 0
10,000 10,000
300.00 45.00 151.25 180.00 121.60 540.00 1,500.00 2,500.00
155,112.00 89,192.15
65,919.85
Misc. expense 250.00
Baking equipment 5,000
250.00
5,000
Baking supplies 1,000 49400 adj 8500 9,000.00 10,000.00 10,000.00 12,000.00 50,500 49,400 1,100
Prepaid rent 3,000
1,500
1,500
Misc. supplies 300 300.00 325.00 310.00 300.00 300.00 1,835 50
Prepaid insurance 1,200
600
1785
1,785
600
s payable 8500.00 8500.00 9000.00 9000.00 10000.00 10000.00 10000.00 10000.00 45.00 12000.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 37,725 49,770 12,045
Telephone expense 45.00 45.00 45.00 45.00 45.00 45.00 270.00
Salary and Wages expense 120.00 480.00 420.00 456.00 480.00 444.00 480.00 420.00 360.00 540.00 480.00
4,680
Dividends 2,000 2,500 2,500 2,500 9,500
adj
baking supplies expense 49,400
misc supplies expense adj
Merch. Inv. FIFO 60.00 122.00 151.25 180.00
48.00 109.60 133.30 144.35
Merchandise Sales Revenue 68.00 153.00 187.00 204.00 612.00
121.60 634.85 199.60
COGS FIFO 48.00 109.60 133.30 144.35 435.25
435.25
Business License exp 375.00 375.00 375.00
0
Common Stock 15,000 5,000 0 20,000 20,000
Advertising expense 200.00
200.00
adj
Rent expense 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
adj
7,500.00
Bakery revenue adj
5,000 20,000 22,500 27,000 25,000
Insurance expense 600.00
30,000
129,500
Salaries and Wages payable 480
480 480 Acc dep
adj
Depreciation expense 458
Interest payable
adj
Interest expense 300
Merch. Inv. LIFO 60.00 48.00 122.00 109.80 151.25 132.00 180.00 144.80
Merch. Inv. Weighted average 60.00 122.00 151.25 180.00
121.60 634.85 200.25
COGS LIFO 48.00 109.80 132.00 144.80 434.60
434.60
121.60 634.85 199.95
COGS Weighted average 48.00 109.64 132.60 144.66 434.90
Acc dep 458 adj
Interest payable 300 adj
Merch. Inv. Weighted average 48.00 109.64 132.60 144.66
434.90
GS Weighted average
Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance
Peyton Approved Trial Balance 2014 Unadjusted trial balance Debit
Baking Equipment Misc. Supplies s Receivable Notes Payable s Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Insurance Expense Misc. Expense Business License Expense Advertising Expense Wages Expense Telephone Expense COGS Depreciation Expense Accumulated Depreciation Misc Supplies Expense* Interest Expense* Interest Payable*
-
*These s will not be utilized before the adjusting process. They should have zero ba
Peyton Approved Trial Balance 2014 ed trial balance Credit
Adjusting entries Debit Credit
208.33
Adjusted trial balance Debit Credit
### 208.33
-
208.33
208.33
208.33
208.33
208.33
-
s. They should have zero balance in the unadjusted trial balance.
COMPLETION OF STEPS 5-7 DELIVERABLE:
CONGRATULATIONS! YOU ARE NOW READY TO SUBMIT YOUR WORKBOOK TO COMPLETE THE 4-3 CHECKPOINT REQUIREMENT
Peyton Approved Adjusting Journal Entries 2014 Date s 30-Sep Depreciation Expense accumulated depreciation
Debit 208.33
Credit 208.33
Peyton Approved Income Statement For Qtr. Ending 9/30/2014
Peyton Approved Statement of Retained Earnings For Qtr. Ending 9/30/2014
Pey Ba As of Se Assets
Peyton Approved Balance Sheet As of September 30, 2014 Liabilities and Owners' Equity
Owners' Equity
Peyton Approved Closing Entries 9/30/2014 Date
s
pproved Entries 2014 Debit
Credit
Peyton Approved Post Closing Trial Balance 9/30/2014
ved Balance Unadjusted Trial Balance Debit Credit
Peyton Approved Reversing Entries 9/30/2014 Date
s
pproved Entries 2014 Debit
Credit
COMPLETION OF STEPS 8-11 DELIVERABLE:
CONGRATULATIONS! YOU ARE NOW R COMPLETED WORKBOOK (STEPS 1 - 11)TO REQUIREMENT
8-11 DELIVERABLE:
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K (STEPS 1 - 11)TO COMPLETE THE 6-2 CHECKPOINT
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